CommSec Market Update

U.S. stocks closed the week on a mixed note as investors weighed the next steps on trade tariffs. In company news, 3M slumped on concerns about the impact of tariffs, Charles Schwab slipped despite reporting higher earnings, and Netflix fell 5% as investors looked past its strong results. Across Europe, talk of higher tariffs weighed on sentiment and dragged stock prices lower. Back home, futures point to a weaker open for the ASX ...

The Aussie market has done it again!  Laura and Stevie excitedly join us today for an update that saw the Aussie market continue to push higher following the record already set yesterday.  They speak through the session which marks the best in around three months with all 11 sectors in positive territory, healthcare, materials, and financials saw the largest gains, and Mesoblast was the best performer with a 35% increase....

Wall Street surged to new record highs overnight, buoyed by strong earnings results and upbeat economic data. Better-than-expected retail sales figures lifted investor sentiment, while financial stocks led gains on the back of improved earnings. The world’s largest chipmaker, TSMC, also rose after posting stronger-than-forecast results, adding further momentum to the rally. Meanwhile, European markets recovered from the previ...

The market has set a new record high today with a boost that recovered the losses of yesterday.  Laura and Stevie monitor this record move in real time, discuss the session, and the upcoming days with a number of companies set to release earnings results including Netflix.  Locally all eleven sectors saw improvements today with financials and interest rate sensitive areas seeing gains, and they unpack how unexpected jobs ...

Wall Street rebounded after mid-session volatility, buoyed by reports that President Trump has discussed replacing Fed Chair Jerome Powell. In corporate news, Johnson & Johnson shares surged after the company posted better-than-expected earnings, while bank stocks were mixed despite also reporting strong results. On the data front, producer inflation came in below market expectations, prompting a dip in interest rates as invest...

The Aussie market snapped its winning streak on Wednesday, falling 0.8% in its worst session in around 10 weeks. Stevie and Laura break down the drivers behind the decline, including weakness in heavyweight sectors like materials and financials, and look ahead to tomorrow’s local jobs data and what it could mean for interest rates. They also discuss signs of rising inflation in the US, strong performances from tech stocks lik...

US and European markets closed lower as investors weighed fresh economic data and corporate earnings. Chipmakers like Nvidia posted gains after the US government lifted some sales restrictions to China, while bank stocks lagged due to disappointing results. Meanwhile, a stronger US dollar continued to pressure commodity prices. Back home, Aussie shares are expected to open lower on Wednesday, with investors turning their focus to k...

The Aussie sharemarket surged today, coming within just seven points of a record high. All sectors except mining finished in positive territory, with tech stocks and CSL helping lead the gains. Laura and Stevie unpack a raft of Chinese economic data, including GDP figures that slightly beat expectations, and preview a busy 24 hours ahead with key US inflation data and major bank earnings due. Plus, we look at a few notable movers f...

US and European stocks wavered overnight as investors weighed the impact of new trade measures. A 30% tariff on Mexican and European imports sent shares of European carmakers lower across the board. Despite early losses, US markets recovered, buoyed by optimism ahead of upcoming earnings reports and key economic data. In company news, Warner Bros. shares gained ground as the debut of the newe...

It has been another directionless session for the Aussie market but the week ahead may offer some direction.  Laura and Stevie unpack the session which has remained mostly flat and reflect on 14 days of similar performance.  Trump’s tariff plans continue to contribute to investor unease, South32 has dragged on the commodity space, and international trade data out of China showed an increase in imports.  DroneSh...

US markets ended the week lower, retreating from record highs as investors braced for the latest tariff developments out of Washington. In some company news, Amazon shares rose following its record-breaking four-day Amazon Prime sales event and DoorDash also saw gains after upbeat commentary surrounding its partnership with Domino’s. Back home, Australian shares are expected to start the week on the back foot as investors awa...

It has been a quiet day for the Aussie market, but some rare earth stocks have been standouts.  Stevie is solo to reflect on the session which has seen very little movement as the market danced around a record high.  Stevie discusses the week which may have led to this cautious sentiment with rates remaining on hold, and Trump continuing to make tariff headlines.  Only the mining sector saw gains locally today and so...

Wall Street rallied overnight, with the S&P 500 and Nasdaq hitting fresh record highs as investors shrugged off tariff concerns. Delta Airlines boosted sentiment with an upbeat outlook, while Nvidia CEO Jensen Huang is now on track to surpass Warren Buffett in personal wealth. In corporate news, Nutella maker Ferrero is reportedly planning a $3 billion USD acquisition of Kellogg’s. Across the Atlantic, the UK’s FTSE...

The market has reversed the losses of yesterday and is on track for the best day in more than two weeks.  Laura is solo to reflect on the session where the financial sector has performed well as have real estate stocks rebounding from the recent losses after th interest rate hold decision.  Lifestyle Communities continued to gain attention, as did Netwealth, and Trump’s potential 200% pharmaceutical tariff saw CSL l...

Wall Street surged as trade concerns eased, with the tech sector—particularly the Nasdaq—leading the gains. Nvidia made headlines by becoming the first company to reach a $4 trillion US valuation, while renewable energy firm AES also saw a sharp stock jump amid takeover interest. However, geopolitical tensions persist, with President Trump unveiling a fresh round of tariffs targeting countries from Iraq to the Philippin...

Tariffs continue to lead the conversation today as Laura and Stevie unpack the worst day for the Aussie market in around 9 weeks.  Despite being the worst day, the market has once again not moved much, Trump has discussed a 50% tariff on copper which has seen copper stocks and gold prices take a hit, and he has continued to discuss tariffs on pharmaceuticals.  Property stocks have taken a hit amid the recent interest rate...

Wall Street stalled overnight amid a lack of investor conviction, with banks leading the declines as HSBC adopted a more cautious stance. US Treasury yields fell for a fifth straight session, while copper posted its best day since 1989 after President Trump vowed not to extend tariffs and toughened his stance on copper and drug imports. In company news, Moderna was the top performer on the S&P 500, surging 8.8%, while Amazon Pr...

The market has dropped slightly today but the drops could have been more significant with the expected rate cut not coming to fruition.  Laura and Stevie discuss the shock decision, and the upcoming things to watch that could speak to a cut in August.  Tariff discussions continue to keep markets on edge, the sectors had mixed performance with consumer staples taking the biggest hit, and they look to the day ahead.

The con...

Wall Street pulled back from record highs as fresh trade concerns rattle investors. President Trump has announced steep tariffs on five countries, set to take effect from August 1st, sparking widespread market unease. Meanwhile, Tesla shed $68 billion in market value after CEO Elon Musk’s political ambitions unsettled investors. In contrast, European markets saw gains, buoyed by strength in banking and technology stocks....