Morning Report 07 Nov 25: Stocks get hit as job jitters spark bond rally

CommSec Market Update

Wall Street dropped to two-week lows as a renewed tech sell-off and lingering concerns over U.S. tariffs and the health of the economy kept investors on edge. The bond market rallied after private data pointed to a cooling jobs market, while DoorDash tumbled to a record low on warnings that weaker spending will squeeze profits. In Europe, stocks fell, dragged down by fresh selling in technology shares, while the Bank of England held rates in a knife-edge vote. In commodities, oil prices declined amid fears of a supply glut, while gold steadied as uncertainty over U.S. tariffs and a potential government shutdown boosted safe-haven demand. Back home, Aussie shares are set to open flat ahead of Macquarie Group’s results.

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.