CommSec Market Update CommSec

Join Tom and Ryan as they analyse a challenging start to the new month on Wall Street, driven by a moderation in U.S. manufacturing and expectations for rate cuts by the Federal Reserve. The Dow Jones dipped by 0.5%, while the S&P 500 hovered just below the positive line, and the NASDAQ managed a modest gain of 0.3%. There was a fall in oil prices following a less-than-convincing promise from OPEC to adjust output over the next year. European markets showed mixed results, with a particular focus on the anticipation of an interest rate cut from the European Central Bank.

In the local market, shares are set to open lower due to slipping iron ore prices, which fell by over 6%. Plus, the first quarter current account figures and business inventories are expected, which will influence tomorrow's GDP data.

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The first trading day of the month started off with some solid improvements today.  Laura and Stevie unpack the international stocks that saw big moves across last month, and reflect on our local performance which has seen more timid growth.  They look at the performance of each of the sectors, why Lovisa shares took a tumble, the factors that impacted gold prices, and what to watch in the day ahead.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.
See omnystudio.com/listener for privacy information.

Wall Street surged with the Dow Jones up 1.5%, its best session since last November, following benign inflation figures, while the S&P 500 rose 0.8% and the NASDAQ ended slightly negative. U.S. inflation data showed modest increases, easing concerns and prompting modest bond yield declines. European markets were buoyed by the positive U.S. inflation news, although European inflation figures presented mixed signals. Aussie shares are expected to start the week positively as Sydney home prices hit record highs. In commodities, OPEC extended production cuts, supporting crude prices, while gold and iron ore prices saw minor declines.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.
See omnystudio.com/listener for privacy information.

The market has finished the month on a positive note, ending the most recent losing streak by being up around 0.9% today.  Some economic data out of China saw local markets dip momentary but this was quickly recovered.  Laura and Stevie reflect on the performance of the local market over the month, and discuss interest rates, economic data that we are expecting next week, and the stocks which performed above and beyond today.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.
See omnystudio.com/listener for privacy information.

US stocks ended lower due to investor caution ahead of key inflation data, with declines in the Dow, S&P 500, and Nasdaq. Bond yields saw modest drops, and US GDP growth for Q1 was revised down. Salesforce suffered its worst decline in nearly 20 years, while other tech stocks also fell. Oil prices dropped due to larger-than-expected stockpile declines, and gold prices inched up. The ASX 200 is expected to rebound after recent losses, supported by a stronger Aussie dollar.

 

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.
See omnystudio.com/listener for privacy information.

The market inches closer to a four-week low today.  Laura and Stevie discuss the factors likely to impact how we round out the month, and the part that interest rate discussions, upcoming economic data, and market sentiment are likely to play in the coming days.  They look at how each of the sectors performed today and discuss the stocks that caught their eye.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.
See omnystudio.com/listener for privacy information.