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CommSec Market Update is the podcast that will help you to stay ahead of the trends with daily expert commentary as the market opens and closes. Whether you are invested in the stock market, or just looking to get started, join the team from Australia’s leading online broker and follow the changes as they happen. 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 ...
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It has been a challenging and volatile week, but the market has improved for a second day following the 4-day losing streak. Steve reflects on this week penned as ‘one of the worst months of the year for markets’ and discusses the US data that could impact their interest rate decisions tonight. Locally only consumer staples and energy stocks declin…
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Promising rate-cut expectations pushed Wall Street to fresh record highs, as weaker jobs data, including softer private payrolls, fueled hopes of the Federal Reserve easing and sent US bond yields lower. In company news, Broadcom delivered an upbeat forecast on strong AI demand. In commodities, oil prices eased as OPEC considered a potential output…
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The market has rebounded today for the best day in around two weeks marking the end of a four-session losing streak. US jobs data played a part in this as Steve discusses, and he unpacks the local improvements with almost all sectors seeing gains. The banks saw strong improvements following their recent declines, Austal and NRW Holdings gained atte…
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Wall Street consolidated overnight, buoyed by rising hopes of interest rate cuts as signs of weakness in the job market shaped expectations. In company news, Alphabet shares surged after a court ruling on search, while Apple also gained on the back of the decision. Elsewhere, Macy’s lifted its outlook but warned of a fickle consumer. In commodities…
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The ASX200 tumbled 1.9% on Wednesday, marking its worst day in five months and extending a four-day losing streak. Faster-than-expected local economic growth dampened prospects of a September rate cut, while global tariff uncertainty, France’s political turmoil, and rising bond yields weighed heavily. All sectors closed in the red, with banks hit h…
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Wall Street stumbled into September, with US stocks falling as a ruling on Trump-era tariffs added to uncertainty. Bond market turbulence persisted as debt sales ramped up, while US manufacturing activity contracted for a sixth straight month. In company news, Warren Buffett said he was disappointed by the Kraft Heinz split, which weighed on its st…
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The Aussie market was under some pressure today following a subdued performance possibly led by the US market being closed for a public holiday. This puts the ASX200 at the lowest levels in 2 weeks, Steve discusses the recent streak that could have played a part in this hesitancy, and how the swings of profit reporting season likely also had a part…
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With US markets shut for the Labor Day holiday, trading across the Northern Hemisphere was subdued. Still, Eurozone stocks closed higher on a defence boost, while European bond yields climbed ahead of a French confidence vote. Meanwhile, Novo Nordisk gained on optimism over heart disease treatments, and China’s factory activity expanded at its fast…
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The Aussie market kicked off September on the back foot, with the ASX200 slipping to a two-week low as tech stocks dragged and major banks fell. Gold miners bucked the trend, surging on a stronger gold price, while Fortescue dropped after trading ex-dividend. Harvey Norman jumped on a profit beat and IDP Education extended its rebound, but Mesoblas…
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US stocks retreated as investors weighed the latest inflation figures. Data showed US spending rose at the fastest pace in four months, while core inflation posted its biggest gain since February, prompting a more cautious tone. Still, the Dow Jones and S&P 500 notched their fourth straight monthly advance, while the Nasdaq extended its winning str…
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It has been a quiet end to the week and month for the Aussie market fresh off a barrage of record highs throughout August. Steve breaks down the mostly flat session that marks the end of the Aussie reporting season, and reflects on the month with tariffs, earnings results, and trade discussions all impacting market moves. Locally the sectors saw mi…
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Wall Street climbed to fresh record highs overnight, with the S&P 500 hitting a new peak as Nvidia’s results fuelled the AI-driven rally. Strong US economic data, however, tempered expectations for near-term rate cuts. In commodities, oil gained as hopes for a Ukraine peace deal faded, while gold reached a five-week high as the US dollar weakened. …
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The market has remained mostly flat across this week despite some sizable intra-day swings. Steve discusses Nvidia’s results which were released following the US close, and how those results could impact markets in the day ahead. Locally, Steve discusses the inflation data that could hint toward rates not being cut in September and unpacks the sect…
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Wall Street closed at new record highs, with investors now digesting fresh earnings from Nvidia, though the stock slipped after its data centre revenue fell short of estimates. Elsewhere, Cracker Barrel surged on news of a logo revamp, while American Eagle tapped Travis Kelce in the wake of the Sweeney controversy. Meanwhile, bond yields fell as ma…
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The ASX200 edged higher on Wednesday despite hotter-than-expected inflation numbers dampening near-term rate cut hopes, while Woolworths sank 14% on weak earnings. Domino’s plunged 22% after swinging to a loss, and WiseTech dropped 11% on a profit miss. In contrast, Tabcorp surged 24% on a return to profit, SiteMinder jumped 21%, and Lovisa rose 13…
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Wall Street eked out modest gains overnight, led by industrials, as Donald Trump’s renewed attacks on the Federal Reserve reignited concerns over its independence. Signet Jewellers shares jumped on news of Taylor Swift’s engagement, while Nvidia edged higher ahead of its earnings release. Apple also drew attention, setting September 9 for the launc…
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The market has taken a much-needed breather today falling slightly following the recent run of record highs seen in nine of the past twelve trading sessions. Stevie unpacks the session discussing the easing of US markets overnight, and how the firing of Fed board member Lisa Cook may impact markets. Locally, Coles was one of the winners today follo…
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