CommSec Market Update CommSec

It was another rough session for the Aussie market as interest rate concerns remain on the radar.  Laura and Crag reflect on the week, and the impact that US economic data had on the Aussie market today.  They discuss the stocks that caught their interest today and what the weekend could bring to the table.

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 declined as stronger-than-expected economic data raised concerns about prolonged high interest rates, with the S&P 500, Dow Jones, and NASDAQ all falling. Market volatility continues as investors react daily to new data, particularly the US Purchasing Managers Index showing the highest business activity in over two years, potentially increasing inflation. Rising US bond yields and a repricing of rate futures reflect expectations of limited rate cuts in late 2024. Sector-specific news saw Boeing's negative forecast impact the Dow, while Nvidia's strong performance buoyed tech stocks.

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 is down leading into the close.  Laura and Stevie look at what could have been behind this drop by diving into the two sectors that drove the decline, and the part that the US central bank minutes played as well.  They look at the stocks that were the biggest movers today and look at the economic data to come 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.

Join Tom and Ryan as they break the news on the highly anticipated earnings results of Nvidia released just minutes ago. Plus, they delve into the recent market movements influenced by the US Federal Reserve's latest meeting minutes, which indicated a more hawkish stance on inflation and interest rates, leading to a sell-off in US stocks. Target was the big looser of the night, as well as outlooks for two rate cuts this year, with analysts projecting just one on the horizon this year. Tom and Ryan also give the latest updated on BHP's takeover bid for Anglo-American, having been given one more chance to put together a more attractive binding offer.

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 remains cautious this week.  Laura and Stevie reflect on this breather and look at how it performed today.  They look at the New Zealand interest rate decision, the performance of each of the sectors and the stocks that received attention.  Telstra and Webjet are among those discussed, and they also look at what could be on the cards 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.

Join Tom and Ryan as they discuss Wall Street's latest record highs, with the Dow, S&P 500, and NASDAQ posting modest gains. They explore Nvidia's upcoming earnings report, which is anticipated to show substantial revenue growth driven by high demand in the data-center business. They also highlights the Federal Reserve's cautious stance on inflation, the latest movements in commodity prices, and updates from major companies like Amazon, IBM, Tesla, and Palo Alto. Additionally, they touch on the Reserve Bank of New Zealand's interest rate decision and the economic landscape in Europe and Canada, offering insights into various market dynamics and expectations for the local Australian market.

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.