CommSec Market Update

PM 12 Jun 26: Best day in 2 months for ASX

Fri, 12 Jun 2026 06:45:00 +0000

The Australian share market rallied strongly on Friday, delivering its best day in more than two months as Middle East peace developments boosted investor sentiment. Materials and gold miners led gains, while energy stocks retreated on softer commodity prices. Next week brings four major central bank meetings, including the RBA on Tuesday, plus key Chinese economic data.

Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.

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.

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AM 12 Jun 26: ASX set to climb on Wall Street rally

Thu, 11 Jun 2026 20:46:17 +0000

Investor optimism returned overnight as stocks surged on fresh claims that a peace deal could be imminent. Crude oil prices also plunged on cancelled military strikes, while the Aussie share market is poised for a strong open following Wall Street’s rally.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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PM 11 Jun 26: Stocks slip again as tensions rise

Thu, 11 Jun 2026 06:45:00 +0000

The Australian share market fell for the fourth time in five days as Middle East tensions and mixed US inflation data created uncertainty. While miners recovered and energy rallied, financials and tech weighed heavily. The ASX 200 remains well below February's record high, with upcoming ECB decisions and US jobless claims data set to influence sentiment.

Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 11 Jun 26: Stocks sink on renewed Middle East tensions

Wed, 10 Jun 2026 20:48:10 +0000

The ASX is poised to open lower today as investors react to renewed tensions in the Middle East, which sent share markets lower overnight. Oil prices rose while most other commodities fell, plus a closer look at why gold has become the asset of choice for central banks around the world.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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PM 10 Jun 26: ASX snaps three-day losing streak

Wed, 10 Jun 2026 06:56:32 +0000

The Australian share market closed marginally higher on Wednesday as investors navigated Middle East tensions and growing expectations of US interest rate hikes. Mining and energy stocks fell on commodity weakness, while defensive sectors like consumer staples and utilities gained ground. Key upcoming catalysts include US inflation data and domestic updates on inflation expectations and retail performance.

Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 10 Jun 26: Wall Street hit by tech rout

Tue, 09 Jun 2026 20:41:28 +0000

US stocks fell overnight after a sell-off in technology shares and rising tensions between the US and Iran. Oil prices have fallen to seven-week lows, while a Dutch chipmaker has overtaken its rivals to become Europe's most valuable company ever.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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PM 09 Jun 26: Aussie stocks slide for a third straight session

Tue, 09 Jun 2026 07:18:01 +0000

The Australian share market fell for a third consecutive session as investors caught up with heavy US and Asian losses. A stronger than expected US jobs report sparked concerns about interest rate hikes, weighing on commodities and mining stocks. Energy and materials sectors led declines, though defensive areas and some banks offered support. Key events to watch this week include corporate briefings and US inflation data.

Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 09 Jun 26: ASX set to rise after long weekend

Mon, 08 Jun 2026 20:53:08 +0000

US stocks recovered after Friday’s sharp sell-off, with the Australian share market set to open higher. Investors are now looking ahead to a busy week featuring a closely watched IPO and key economic data from the US and Europe.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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PM 05 Jun 26: A second straight heavy loss for the ASX

Fri, 05 Jun 2026 07:00:51 +0000

Australian stocks fell for a second consecutive day as mining and energy sectors declined sharply. The ASX 200 shed value despite US strength, with geopolitical tensions and iron ore supply concerns weighing on major miners. Healthcare emerged as the day's bright spot. Investors await US jobs data and key retailer strategy updates next week.

Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 05 Jun 26: ASX to rise as Dow reaches record highs

Thu, 04 Jun 2026 20:47:43 +0000

The Australian share market is expected to open higher on Friday following overnight ceasefire developments in the Middle East. US markets were mixed, with the Dow Jones reaching record levels while technology shares fell after Broadcom disappointed investors. Plus, what's behind the recent tumble in iron ore prices?

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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PM 04 Jun 26: ASX slides as miners tumble

Thu, 04 Jun 2026 06:45:00 +0000

The Australian share market fell sharply on Thursday as US weakness and geopolitical tensions weighed on investor sentiment. Mining stocks posted their largest decline in weeks, while energy benefited from Middle East developments. The session erased Wednesday's gains and pushed the year's performance slightly into negative territory, though some standout performers like Treasury Wine Estates gained ground on strategic updates.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 04 Jun 26: Oil surges, stocks fall on renewed Iran fighting

Wed, 03 Jun 2026 20:46:38 +0000

Fresh fighting between the US and Iran has pushed oil prices higher and sent global share markets lower, with renewed tensions rattling investor sentiment overnight. The ASX is set to open lower, while attention will also turn to RBA Governor Michele Bullock as she appears before a Senate committee today.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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PM 03 Jun 26: ASX Hits Four-Week High

Wed, 03 Jun 2026 06:58:35 +0000

The Australian share market rose for the first time this week, climbing to near four-week highs after softer economic growth data suggested interest rate pressures may ease. Energy and mining stocks led gains, with copper continuing its strong run. Uranium miners surged on international supply news, while retail stocks retreated on spending concerns. US markets hit record highs overnight, providing additional momentum for local investors.

Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 03 Jun 26: Tech shares drive S&P 500 to record high

Tue, 02 Jun 2026 20:50:14 +0000

AI optimism continued to fuel markets overnight, with the S&P 500 reaching a fresh record high and commodity prices moving higher. Plus, the remarkable profit margins behind Nvidia's dominance of the AI boom and the company its CEO believes could be the next trillion-dollar tech giant.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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PM 02 Jun 26: ASX Inches Lower

Tue, 02 Jun 2026 07:07:26 +0000

The Australian share market finished flat on Tuesday as investors navigated conflicting signals from US and Iran peace talks. Tech stocks surged to four month highs, while mining giant BHP set fresh records. However, retailers faced pressure following a minimum wage increase decision. Markets await Wednesday's GDP figures and other key economic updates this week.

Laura Besarati is a Market Analyst at CommSec. Each episode, she breaks down the day's market movements and explains what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 02 Jun 26: Nvidia surge sparks Wall Street rally

Mon, 01 Jun 2026 20:46:54 +0000

Conflicting signals around the Iran war have sent both stocks and oil prices higher, while major AI developments put a rocket under tech shares. Plus, why an activist investor has taken a significant stake in Northern Star Resources and what it could mean for the gold miner.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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PM 01 Jun 26: Softer June start for ASX

Mon, 01 Jun 2026 06:55:00 +0000

The Australian share market opened June on a softer note, edging marginally lower as investors await developments in US-Iran negotiations. Tech stocks delivered strong gains following Friday's US rally, while healthcare extended May's weakness. Key catalysts this week include Australian GDP, RBA testimony, and US employment data.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 01 Jun 26: ASX to dip ahead of big economic week

Sun, 31 May 2026 20:48:06 +0000

Australian investors will be closely watching a busy week of local economic data, while Wall Street continues to push to fresh record highs despite the ongoing conflict in the Middle East. Plus, what do the latest auction clearance rates tell us about the state of the housing market?

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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PM 29 May 26: ASX surges to end week and month higher

Fri, 29 May 2026 06:57:32 +0000

The Australian share market rallied on Friday, delivering its best day in weeks as tentative ceasefire negotiations between the US and Iran boosted investor sentiment. Materials and financials led gains across a broad-based session. Investors should watch next week's economic calendar, including property prices, inflation data, and job advertisements, alongside potential RBA commentary.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 29 May 26: Wall Street set to push ASX higher

Thu, 28 May 2026 20:55:09 +0000

More twists in the Middle East conflict have sent global markets on another wild ride with reports of progress towards peace helping push Wall Street towards fresh highs. So what could all this mean for the Australian share market? Plus, the story behind the .tv domain name and what it means for a tiny Pacific Island nation.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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PM 28 May 26: Worst day for Aussie market in 12 weeks

Thu, 28 May 2026 06:54:57 +0000

The Australian share market fell sharply on Thursday as escalating US-Iran tensions weighed heavily on sentiment. Despite broad losses across materials, technology and healthcare, pockets of strength emerged in software and AI infrastructure plays. Gold miners faced particular pressure amid a stronger US dollar. Key US economic data and earnings reports tonight may provide direction ahead.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 28 May 26: Iran draft deal sinks oil, stocks muted

Wed, 27 May 2026 20:58:29 +0000

The Australian share market is poised to open lower as oil prices fell following draft peace talks between the US and Iran. Overnight, Wall Street remained muted with mixed momentum across sectors, while local inflation data yesterday supported rate hold expectations. Plus, are the Magnificent Seven stocks looking cheap again, or are investors piling back into bubble territory?

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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PM 27 May 26: ASX lifts on cooler inflation data

Wed, 27 May 2026 06:45:00 +0000

The Australian share market rallied on softer inflation data, reversing early losses to close near session highs. Tech and consumer discretionary stocks led gains as investors priced in a likely pause at the next RBA meeting. Banks recovered from morning weakness, while most sectors participated in the advance. Key upcoming catalysts include US tech earnings and Middle East developments.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 27 May 26: Wall Street higher despite peace deal delay

Tue, 26 May 2026 20:49:00 +0000

Global oil prices are on the rise again after fresh strikes on Iran dented hopes for a peace deal. Yet despite the renewed tensions, optimism around AI continues to support Wall Street, so what could this all mean for the Australian share market?

Gillian Bowen, Head of Media and Markets at CommSec, takes you through all the key numbers.

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PM 26 May 26: ASX snaps winning streak

Tue, 26 May 2026 06:53:50 +0000

The ASX 200 ended a three-day winning streak on Tuesday as Middle East developments created conflicting signals for investors. Uncertainty over the Strait of Hormuz and ongoing negotiations kept energy and materials volatile. ASX Limited plunged on cost warnings, while Fisher and Paykel Healthcare soared. Aussie inflation data looms as a major catalyst ahead of the RBA's next rate decision.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 26 May 26: ASX set for positive open on Iran deal hopes

Mon, 25 May 2026 20:57:08 +0000

A US-Iran peace deal has yet to be confirmed, but investor optimism continues to build. Oil prices have tumbled despite a key maritime route remaining closed, so what could all this mean for the Australian share market?

Gillian Bowen, Head of Media and Markets at CommSec, takes you through all the key numbers.

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PM 25 May 26: Third day of gains for ASX

Mon, 25 May 2026 06:52:13 +0000

The Australian share market extended its winning streak to a third consecutive session, rising modestly as cautious optimism over Middle East negotiations offset energy sector losses. Coal miners surged on supply concerns, while airlines benefited from falling oil prices. Investors await Wednesday's inflation data and focus on RBA policy signals ahead of a quiet week.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 25 May 26: April inflation data & Trump's slow peace progress grip the ASX

Sun, 24 May 2026 20:51:43 +0000

The Australian share market is poised to open lower as investors digest Middle East developments and await key inflation data this week. Wall Street finished Friday with modest gains, buoyed by strong corporate earnings and semiconductor momentum, while the Dow posted a record closing high. Oil prices remain elevated amid ongoing peace negotiations, and the ASX 200 futures suggest a cautious start before Wednesday's inflation release.

Join Gillian Bowen, Head of Media and Markets at CommSec, as she takes you through all the key numbers.

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PM 22 May 26: Weekly gain for ASX

Fri, 22 May 2026 06:57:24 +0000

The Australian share market edged higher on Friday to post a weekly gain after a volatile stretch. Softer employment figures have tempered expectations for another interest rate rise, while US-Iran negotiations remain uncertain. Energy and mining sectors led gains, though defensive stocks retreated. Company-specific moves dominated, with fast food chain Guzman surging after exiting US operations. Ahead lies crucial inflation data that could shape the Reserve Bank's next decision.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 22 May 26: US-Iran peace deal 'within hours'?

Thu, 21 May 2026 20:59:24 +0000

The Australian share market is poised to build on yesterday's best day in six weeks, driven by cooling labour market data that eased rate hike concerns. Meanwhile, speculation is growing that a US-Iran agreement could be revealed within hours, sending markets and oil prices on another wild ride.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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PM 21 May 26: Lower chance of rate hikes?

Thu, 21 May 2026 06:50:00 +0000

The Australian share market rallied strongly on Thursday, gaining around one and a half percent, as weaker employment data shifted expectations away from further interest rate hikes. Materials and property trusts led gains across most sectors. NVIDIA's earnings underwhelmed despite beating forecasts, while Webjet rebounded on renewed takeover interest. Next week's inflation report looms as the next key catalyst.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 21 May 26: Stocks rally ahead of Nvidia's results

Wed, 20 May 2026 21:00:42 +0000

The Australian share market is poised to open higher after US President Donald Trump's comments on Iran negotiations boosted global sentiment overnight. However, the day's direction will likely depend on how investors digest Nvidia's earnings results, which could signal demand for chips and the AI supply chain. Oil prices tumbled while base metals rallied on deal hopes, and the Aussie dollar strengthened against the US dollar.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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PM 20 May 26: Strongest lift in 2 weeks for Aussie stocks

Wed, 20 May 2026 06:47:18 +0000

The local market plunged 1.3% to a seven-week low, dropping beneath the critical 8,500 psychological barrier. Sentiment broke after US President Trump warned he was "an hour away" from ordering strikes on Iran, sparking global war fears and a heavy 2% drop in mining stocks. Webjet cratered 11% as Virgin Australia slashed its travel commissions, while tech competitor Flight Centre fell 3.5%. Meanwhile, unauthorised spectrum usage and a blocked Singapore merger sent Tuas spiralling another 17%, deepening its brutal 64% weekly collapse.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 20 May 26: Stocks fall as US bond yields climb

Tue, 19 May 2026 20:54:24 +0000

Thirty-year US government bond yields have climbed to their highest levels in almost 20 years, weighing on sentiment and sending both US stocks and ASX futures lower. Plus, a closer look at whether we’re in the midst of an unheralded commodities bull market.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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PM 19 May 26: Strongest lift in 2 weeks for Aussie stocks

Tue, 19 May 2026 06:55:46 +0000

The local market rebounded sharply from a seven-week low, lifting 1.1% in its best session for a fortnight. Investor sentiment flipped positively on reports that US President Trump halted fresh military strikes on Iran to allow Gulf allies time for diplomacy. Consumer Staples jumped 3% and Financials recovered 1.7% to lead the broad bounce. Tuas skyrocketed 18.7% following its recent 62% regulatory wipeout. Meanwhile, Webjet entered a volatile trading halt ahead of tomorrow's briefing, amid reports that Virgin Australia plans to slash online travel agency commissions.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 19 May 26: Iran war pause, US markets pare losses

Mon, 18 May 2026 21:21:48 +0000

US markets pared losses after Donald Trump paused any immediate escalation in the Iran conflict. The Australian share market is expected to open in the black, while a closer look at how inner London property prices have stalled over the past decade.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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PM 18 May 26: ASX plunges to seven week low

Mon, 18 May 2026 06:45:00 +0000

The ASX 200 fell sharply on Monday, hitting a seven-week low as weak economic data from China and rising US bond yields weighed on investor sentiment. Almost all sectors declined, with industrials and materials hardest hit, though energy stocks found support from higher oil prices. Key upcoming events include Nvidia earnings and Australian jobs data later in the week.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 18 May 26: What’s fueling the US market sell-off?

Sun, 17 May 2026 20:59:08 +0000

Wall Street has retreated from record highs as investors weigh what’s driving the latest sell-off. The Australian share market is heading for a lower open, while attention is also turning to Nvidia’s key results later in the week.

James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, take you through all the key numbers.

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PM 15 May 26: 4th weekly drop in 5 weeks

Fri, 15 May 2026 07:26:42 +0000

The local market faded late to finish 0.1% lower, marking a 1.3% loss for the week. This represents the fourth weekly decline in five weeks, driven largely by a "War Toll" on financials and healthcare. Sentiment soured after President Trump stated there was "no rush" to reopen the Strait of Hormuz, causing oil prices to spike and equities to retreat. While the materials sector gained 2% this week, a 3% sell-off today erased much of that progress. Bapcor fell 4% today, totalling a 30% collapse this week, Mineral Resources slumped 7.5%, and Fletcher Building rose 5% on a successful asset sale. All eyes now turn to a massive Thursday next week, featuring both Nvidia’s quarterly results and critical Aussie jobs data that will dictate the RBA's next move.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 15 May 26: US shares hit records on tech boom

Thu, 14 May 2026 20:51:47 +0000

The Australian share market is poised for gains on Friday as US technology stocks continue their record-breaking rally, driven by AI and semiconductor strength. Investors are monitoring the Trump-Xi summit in Beijing alongside solid US economic data, while keeping watch on upcoming mega IPOs that could reshape tech sector demand. Locally, QBE and Auckland Airport earnings are in focus.

James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, take you through all the key numbers.

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PM 14 May 26: ASX snaps four day losing streak

Thu, 14 May 2026 06:45:00 +0000

The Australian share market ended a four-day losing streak Thursday despite a mixed session where banks rebounded strongly following heavy losses, while tech stocks and consumer staples faced pressure. Key moves included Coles falling on court ruling, Megaport surging on AI contracts, and miners hitting fresh highs on strong commodity prices. Investors remain watchful of Trump-Xi summit trade talks.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 14 May 26: Tech drives US markets to record highs

Wed, 13 May 2026 20:48:56 +0000

The Australian share market is poised to drop at the open as strong gains in US tech fail to lift local sentiment. Investors are also weighing mixed global signals, with uncertainty around Donald Trump’s Beijing visit and trade relations keeping pressure on the ASX.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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PM 13 May 26: Bank profits weigh on ASX, miners climb

Wed, 13 May 2026 07:02:17 +0000

The local market fell today, sliding 0.5% as a sharp sell-off in banking overshadowed record-breaking gains in mining. The index has now shed nearly 3% over the past four days, hitting its lowest level in six weeks as investors digest Federal Budget changes to capital gains tax and negative gearing. CBA was the primary weight, plunging 10% after its $2.7 billion quarterly profit slightly missed expectations. Conversely, BHP and Rio Tinto both hit fresh all-time highs, fuelled by resilient iron ore and a 40% annual surge in copper prices. Aristocrat Leisure also defied the gloom, skyrocketing 13% on a profit jump and an expanded $1 billion share buyback.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 13 May 26: ASX to fall after ambitious budget

Tue, 12 May 2026 21:00:49 +0000

The ASX is set to open lower following last night’s ambitious federal budget, which included major tax and housing policy changes aimed at boosting revenue. Meanwhile, US markets were mixed after inflation came in hotter than expected. Plus, a deeper look at why Australia has some of the highest mortgages in the developed world.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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PM 12 May 26: Markets brace for budget

Tue, 12 May 2026 06:45:08 +0000

The local market fell for a third straight day, sliding 0.3% to reach a one-month low. Sentiment soured after President Trump dismissed Iran’s latest peace proposal as "garbage," warning that the ceasefire is on "life support". While the ASX remained cautious ahead of tonight’s Federal Budget, the index has shed 2.5% over the past three sessions. BHP hit a record high of $60 per share, overtaking CBA as Australia's largest company. Conversely, DroneShield cratered 10% following an ASIC investigation into executive share sales, and Life360 tumbled 11% after user growth failed to meet expectations.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 12 May 26: Oil up, stocks steady as Iran truce frays

Mon, 11 May 2026 20:54:13 +0000

The Australian share market is poised to open slightly higher as energy stocks track surging crude prices following US-Iran ceasefire tensions. Markets remain cautious ahead of tonight's federal budget release and key economic surveys. Plus, lessons from the downfall of once biotech darling CSL.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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PM 11 May 26: CSL slumps to near 10-year low

Mon, 11 May 2026 06:45:00 +0000

Australian shares retreated for a 12th time in 15 days as US-Iran tensions overshadow strong US jobs data. Healthcare stocks fell sharply, dragged down by CSL's significant downgrade and impairment charges. Energy gained on oil price support, while Metcash and Dyno Nobel impressed with solid updates. The federal budget and Fed chair vote loom this week.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 11 May 26: ASX to fall, big budget week ahead

Sun, 10 May 2026 20:40:07 +0000

The Australian share market is expected to fall as geopolitical tensions weigh on investor sentiment, despite Wall Street reaching fresh record highs on strong corporate earnings. US oil and base metals surged following developments in the Middle East, while local investors await the federal budget announcement tomorrow evening. Key themes include cost of living relief, tax changes, and NDIS reform.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

See omnystudio.com/listener for privacy information.

PM 08 May 26: Worst day in 7 weeks for ASX

Fri, 08 May 2026 06:45:00 +0000

The Australian share market suffered its worst session in seven weeks as US-Iran escalation triggered broad-based selling across all sectors. Financials led declines while energy stocks fell despite rising oil prices. Macquarie Group outperformed with record earnings, while Tabcorp plunged on regulatory concerns. Investors await the federal budget next week and CBA results.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 08 May 26: Stocks fall on Iran peace deal doubts

Thu, 07 May 2026 21:02:54 +0000

Australian shares face headwinds on Friday as Middle East peace negotiations between the US and Iran stall, weighing on global markets. Wall Street retreated from record highs as semiconductor stocks pulled back after an extraordinary year. Local earnings from Macquarie, QBE, REA and News Corp will guide the ASX, with the federal budget looming next week.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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.

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PM 07 May 26: ASX climbs to 2 week high

Thu, 07 May 2026 06:47:40 +0000

The local market surged for a second straight day, lifting 1% to a two-week high. Sentiment was bolstered by a record lead from Wall Street and fresh optimism for a US-Iran peace deal. With President Trump claiming a truce is "very possible," oil prices tumbled 7% back toward 100 USD, providing broad market relief. Mining stocks led the charge, jumping 3.7%, while Orica rocketed 8% on a narrowed loss and dividend hike. Conversely, Tabcorp cratered 23% following regulatory concerns, and Super Retail Group fell 3.5% after warning that "War Fatigue" and high fuel costs have dented discretionary spending.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 07 May 26: Iran deal nears, stocks soar

Wed, 06 May 2026 20:42:08 +0000

There are growing signs an Iran peace deal may be close, sending stocks soaring and oil prices plunging. Plus, what has happened to Berkshire Hathaway one year after Warren Buffett retired?

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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PM 06 May 26: Best day in a month for Aussie stocks

Wed, 06 May 2026 06:52:27 +0000

The Australian share market rallied on Wednesday, posting its strongest session in about a month. Banks and materials led the charge, together accounting for roughly 60% of the index. Easing Middle East tensions, falling oil prices, and strong US earnings results buoyed sentiment. However, outside the two dominant sectors, gains were modest. Key upcoming events include US employment data tonight and continued corporate earnings reports.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 06 May 26: US markets hit fresh record highs

Tue, 05 May 2026 20:39:32 +0000

US markets hit fresh record highs as semiconductors surged. Oil prices fell as the Iran ceasefire held, while attention now turns to the fallout from the RBA’s latest rate hike.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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PM 05 May 26: RBA hikes rates again

Tue, 05 May 2026 06:48:19 +0000

The local market slid by 0.2% today as investors juggled a hawkish Reserve Bank and a dangerous escalation in the Middle East. Overnight, oil prices jumped 5% following missile exchanges in the Strait of Hormuz, including reports of Iranian strikes on a UAE port and the US sinking Iranian boats. This "oil shock" pushed the RBA to raise interest rates to 4.35%—a third consecutive hike that effectively undoes all of 2025’s rate cuts. Westpac fell 2.3% after missing half-year profit expectations, while Flight Centre defied the gloom, surging 4% despite a $10 million hit from war-related disruptions. Energy stocks rose 1% as crude prices climbed.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 05 May 26: Oil soars, stocks dip on Iran attacks

Mon, 04 May 2026 20:46:07 +0000

Iran attacks have escalated tensions in the Middle East, sending oil soaring and stocks and bonds lower. Plus, we take a closer look at the Aussie market’s recent underperformance.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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PM 04 May 26: Caution ahead of RBA decision

Mon, 04 May 2026 06:45:00 +0000

The Australian share market opened the week in the red as investors brace for the Reserve Bank's interest rate decision tomorrow. Key themes include energy sector weakness amid oil price declines, tech strength tracking US gains, and company earnings warnings tied to Middle East conflict impacts. Bank results and the Macquarie Conference also loom ahead.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 04 May 26: ASX to slip, US hits new highs

Sun, 03 May 2026 20:47:35 +0000

Wall Street has pushed back to record highs on the back of strong corporate earnings. Meanwhile, the Australian share market is expected to open lower, with the US and Iran still engaged in ongoing talks over the Middle East conflict.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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PM 01 May 26: ASX snaps 8-day losing streak

Fri, 01 May 2026 06:45:00 +0000

The ASX200 bounced back from three-week lows today with its best day in weeks, but we're still down 0.65% for the third weekly decline. Meanwhile, Wall Street's had a great month, the S&P 500 posting its best performance since 2020. What's on everyone's radar now: the RBA rate decision, bank earnings, and the US jobs report, all against the backdrop of Middle East tensions.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

AM 01 May 26: ASX to jump as oil sinks

Thu, 30 Apr 2026 20:56:53 +0000

The Australian share market is set to jump at the open, following investor optimism out of the US, fuelled by corporate earnings and a resilient economy. Plus, it’s been quite a ride for oil over the past 24 hours.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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Market Close 30 Apr 26: Oil hits wartime high

Thu, 30 Apr 2026 06:48:11 +0000

The ASX200 has now fallen for eight straight days, closing April roughly 2% higher despite hot inflation data that's pointing toward another RBA rate hike. Energy shares rallied hard as oil hit four-year highs on US-Iran tensions, but Woolworths dragged things down with an 8% tumble after downgrading earnings. We've finished at a three-week low, with investors watching overnight results from Apple and key central bank decisions.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

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Morning Report 30 Apr 26: ASX to fall as oil soars

Wed, 29 Apr 2026 20:44:19 +0000

The ASX is set to fall as oil prices rip higher. The US Federal Reserve has kept interest rates on hold, while investors now await key results from Big Tech.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 29 Apr 26: Inflation surges on high oil prices

Wed, 29 Apr 2026 06:45:00 +0000

The ASX200 fell about 0.25% to a three week low, marking a seventh straight session of declines. March CPI surprised a touch below forecasts at 4.6% headline while trimmed mean was 3.5%, leaving markets still pricing a likely RBA hike next Tuesday. Utilities and energy outperformed, oOh!Media jumped on a Pacific Equity Partners bid. Watch the US Fed decision and major US tech results.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 29 Apr 26: US stocks fall on renewed AI worries

Tue, 28 Apr 2026 20:42:27 +0000

US stocks fell ahead of key earnings and economic data, with renewed AI worries weighing on sentiment. Oil jumped again as peace talks stalled, and does the Sell in May rule still hold up for investors?

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 28 Apr 26: Longest losing streak since 2022

Tue, 28 Apr 2026 06:57:29 +0000

The local market fell for a sixth straight session, sliding 0.7% to a three-week low. This marks the longest losing streak for the index in nearly four years. Stalled peace talks pushed oil toward 110 USD - double its price since January. Monthly gains have now halved to 2.7% as the market braces for tomorrow's high-stakes inflation data. Energy stocks rose 1.2%, but the broader market was a "sea of red." Domino’s Pizza cratered 11% following a weak US update, while European Lithium skyrocketed 50% on a $1 billion takeover bid. All eyes are now on tomorrow's CPI print, with markets pricing in a likley chance of an RBA rate hike next week.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 28 Apr 26: ASX set to drop as oil climbs

Mon, 27 Apr 2026 20:48:46 +0000

The Australian share market is set to open lower, while Wall Street continues to hover at record highs. Plus, why are oil prices rising again?

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 27 Apr 26: ASX slips for fifth day

Mon, 27 Apr 2026 06:53:19 +0000

The ASX200 slipped about 0.25% to a three week low, extending a five session losing run as volumes picked up despite state holidays. Energy led declines even as oil rallied, while Atlas Arteria jumped on a $7bn IFM takeover bid and Megaport and Newmont outperformed. Key risks this week are Wednesday’s Aussie inflation print major US tech earnings and the Fed decision.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 27 Apr 26: Tech boosts US stocks to a record close

Sun, 26 Apr 2026 20:48:21 +0000

Technology has boosted US stocks to a record close, but uncertainty remains over the Middle East conflict after the US cancelled its peace talks trip. Closer to home, signs point to a flat start for the Australian share market.

Gillian Bowen, Head of Media and Markets at CommSec takes you through all the key numbers.

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Market Close 24 Apr 26: Markets brace for jam-packed week

Fri, 24 Apr 2026 06:51:15 +0000

The ASX200 slipped for a fourth day and is down about 1.8% this week despite a 3.5% month to date gain. Energy led as oil topped US$106 a barrel while materials and gold lagged. Suncorp secured A$2.4 billion in reinsurance and IGO cut spodumene guidance. Markets now focus on US big tech results Fed decision and Australian quarterly inflation.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 24 Apr 26: Iran jitters, oil jumps and stocks drop

Thu, 23 Apr 2026 20:49:49 +0000

Tensions are flaring in the Middle East, pushing oil higher and stocks lower. Locally, the Australian share market is set to open flat, with a closer look at what’s happening with the dollar.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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Market Close 23 Apr 26: Oil up, stocks down

Thu, 23 Apr 2026 06:49:38 +0000

The local market slipped for a third straight day, falling 0.6% as hopes for a US-Iran peace deal faded. With negotiations stalled and the Strait of Hormuz closed once again, oil prices have reclaimed the 100 USD mark for the first time in weeks. The index has now retreated 2.5% from its recent mid-April highs, erasing a significant chunk of the month’s recovery gains.

Energy stocks were the sole bright spot, jumping 3% on the back of soaring crude. Santos lifted 3.5% after maintaining its annual guidance, while Karoon Energy led the pack with an 8% surge. Cochlear plunged another 4% to hit a decade-low, extending its catastrophic 63% year-to-date decline. Retailer Temple & Webster also cratered 8% to a two-year low following a surprise leadership shake-up.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 23 Apr 26: US stocks surge on buoyant earnings

Wed, 22 Apr 2026 20:47:30 +0000

US stocks surged on the ceasefire extension and strong earnings reports, but the ASX is poised to fall at the open as oil climbs back above $100 a barrel.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 22 Apr 26: ASX slumps in worst day in five weeks

Wed, 22 Apr 2026 06:45:00 +0000

The Aussie share market tumbled more than 1% on Wednesday, marking its worst day in five weeks, as investors reacted to ongoing uncertainty over US-Iran peace talks. The financial sector led the decline, with major banks falling between 2-2.5%, while Cochlear shares plunged 40% after a significant profit downgrade. Treasury Wine Estates was a rare bright spot, jumping 16.5% on a major business restructure and positive trading update.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 22 Apr 26: Breaking news on the US-Iran war

Tue, 21 Apr 2026 21:16:21 +0000

Breaking news on the US-Iran war, the fragile ceasefire has just been extended. Earlier stocks slipped while oil prices surged amid ongoing tensions, plus a look at how Australian business start-ups are thriving.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 21 Apr 26: US-Iran talks - on or off?

Tue, 21 Apr 2026 06:51:57 +0000

The local market delivered a directionless session, dipping less than 0.1% as investors braced for the expiration of the US-Iran ceasefire. With President Trump signalling he is unlikely to extend the two-week truce, markets remain in a "wait and see" pattern. Despite the cautious mood, the ASX remains up roughly 5.5% for the month. Rio Tinto outperformed, lifting 0.75% after revealing its production costs are remarkably resilient to diesel price hikes. Yancoal rose 4% following a steady quarterly update, while investment platform Hub24 tumbled 7.8% after inflows missed market expectations. Challenger finished flat as volatility sparked a 10% drop in managed funds.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 21 Apr 26: Shares dip as ceasefire deadline looms

Mon, 20 Apr 2026 20:52:36 +0000

Talks between the US and Iran remain stalled as the ceasefire deadline looms. Share markets fell while oil surged on renewed tensions and a closer look at the war’s long-term damage to the Middle East’s infrastructure.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 20 Apr 26: Markets await US-Iran clarity

Mon, 20 Apr 2026 06:55:37 +0000

The local market staged a late recovery to finish flat after sliding 0.5% early on. Conflicting Middle East signals kept investors cautious, with oil prices bouncing 7% after the Strait of Hormuz was re-closed. The index remains stuck below the 9,000-point psychological barrier as "wait and see" mode prevails. NAB dropped 3.6% - its seventh straight loss - after flagging a $706 million bad debt provision linked to the conflict. Viva Energy tumbled 9% as it resumed trade following a refinery fire, while Zip surged another 7.7% on broker upgrades. Focus now shifts to a heavy week of quarterly updates from BHP, Rio Tinto, and Tesla.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 20 Apr 26: Rocky open expected amid Iran uncertainty

Sun, 19 Apr 2026 20:42:26 +0000

We emerge from another weekend with little certainty around the US-Iran war, setting the stage for a potentially rocky start to the week for markets.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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Market Close 17 Apr 26: Investors pause on peace talk uncertainty

Fri, 17 Apr 2026 07:03:23 +0000

Local shares ended an uninspiring week with a 0.1% dip. Despite President Trump’s claims that US-Iran peace talks are going "swimmingly," markets remained skeptical, failing to hold the psychological 9,000-point level. The retreat is minor, however, compared to last week’s massive 4.5% surge. Zip rocketed 14% after hiking profit goals to $260 million on US strength. Conversely, Temple & Webster slumped 6.5% on broker warnings of a prolonged "war toll" on retail earnings. Energy stocks eased as oil fell below 100 USD. Focus now shifts to Tesla’s results and upcoming RBA-critical inflation data.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 17 Apr 26: Oil jumps, stocks extend rally

Thu, 16 Apr 2026 20:54:40 +0000

There’s been an update on ceasefires and peace talks as the Middle East war continues. That’s helped reassure Wall Street investors, with earnings season also gathering pace. Back home, the Aussie market is set to open lower.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

See omnystudio.com/listener for privacy information.

Market Close 16 Apr 26: Banks and Miners weigh on ASX

Thu, 16 Apr 2026 06:47:10 +0000

The Aussie share market slipped today after two days of gains, with banks and miners weighing on the index despite tech stocks surging seven percent. The market struggled around the 9,000 point level, though remains up 5.5% in April. Jobs data showed resilience with unemployment steady at 4.3%, while Chinese economic figures delivered a mixed result. Global markets were supported overnight by US earnings and hopes of progress in US-Iran talks ahead of next week's ceasefire deadline.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 16 Apr 26: S&P 500 hits record high on corporate earnings

Wed, 15 Apr 2026 20:39:43 +0000

The S&P 500 hit a record high as corporate earnings continued to roll in, while European markets dipped as earnings there raised further concerns. In Australia, key unemployment figures will be in focus today.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 15 Apr 26: Cautious push higher for Aussie stocks

Wed, 15 Apr 2026 06:45:00 +0000

The Aussie share market edged higher on Wednesday, with the ASX 200 gaining around a tenth of a percent despite mixed sector performance. Energy and defensive sectors retreated, while tech rebounded and materials lifted. Gold miners led gains after Evolution Mining forecast strong production amid record gold prices. Virgin Australia surged 8% after reaffirming its earnings outlook despite Middle East tensions. Investors await key Australian jobs data and US earnings for further direction.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 15 Apr 26: Peace talk prospects lift stocks

Tue, 14 Apr 2026 20:46:21 +0000

Share markets continued to rise on hopes of renewed US-Iran talks. Oil plunged as supply concerns eased, while attention is turning to China where the war has overshadowed fresh developments.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 14 Apr 26: BHP leads ASX bounce

Tue, 14 Apr 2026 07:02:14 +0000

The ASX snapped a two-day slide today, lifting 0.5% on renewed hopes for a US-Iran peace deal. While gains halved from morning peaks following the start of a US Navy blockade in the Strait of Hormuz, the market remained resilient. BHP surged 3.2% after reports that China is reopening doors to its iron ore, but the corporate "war toll" weighed elsewhere. Qantas flagged an $800 million fuel hit, Westpac fell 2.6%, and Cleanaway cut profit guidance. Meanwhile, consumer confidence plunged 12.5% to near-record lows.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 14 Apr 26: US shares rise on peace deal optimism

Mon, 13 Apr 2026 20:49:32 +0000

US shares rose after President Trump said Iran wants to make a deal. Oil prices also jumped after Tehran threatened to retaliate against the military blockade and how the impact of the oil crisis is being felt most acutely across Asia.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 13 Apr 26: Stocks slide as US-Iran talks falter

Mon, 13 Apr 2026 06:45:09 +0000

The Aussie share market fell on Monday as failed US-Iran talks reignited Middle East tensions, lifting oil prices and weighing on investor sentiment. The ASX 200 slipped 0.4% with tech stocks hardest hit, while energy and defensive sectors gained. A2 Milk plunged 12% after downgrading profit forecasts due to supply chain disruptions in China. Investors will watch US earnings, jobs data, and further geopolitical developments this week.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 13 Apr 26: Markets rocky after no US-Iran deal reached

Sun, 12 Apr 2026 20:41:56 +0000

No deal has been reached following weekend talks between the US and Iran, keeping uncertainty elevated. Six weeks into the conflict, conditions along a key global shipping route are expected to deteriorate further, so what impact will this have on markets?

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

See omnystudio.com/listener for privacy information.

Market Close 10 Apr 26: Aussie shares rocket to best weekly gain since 2022

Fri, 10 Apr 2026 06:56:38 +0000

The local market snapped its three-day winning streak with a cautious 0.1% dip today, as investors braced for weekend US-Iran peace talks. Despite the minor pullback, the ASX rallied 4.4% across this holiday-shortened week leading to its strongest performance in over three years - recouping a massive portion of its March losses. Financials and Materials led the charge, while Energy slumped 5% as ceasefire hopes weighed on oil prices. Telix Pharmaceuticals soared 7% on positive FDA news, while Fortescue slipped 1.3%. All eyes now pivot to tonight’s US inflation data, with expectations of a tick higher to 3%, as well as US-Iran peace talks over the weekend.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 10 Apr 26: US markets rise on key war talks

Thu, 09 Apr 2026 20:43:58 +0000

Oil prices remain volatile as investors question the effectiveness of a two-week ceasefire. News of key weekend talks has also filtered through with attention now turning to how Wall Street reacted and what lies ahead for the Aussie share market.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

See omnystudio.com/listener for privacy information.

Market Close 09 Apr 26: ASX stalls at 1-month high

Thu, 09 Apr 2026 06:46:39 +0000

The Aussie share market has steadied after two days of strong gains, with energy stocks rebounding on higher oil prices while technology shares retreated. The ASX 200 remains up around 5.7% over the past five days, recovering much of March's losses. Investors are closely watching developments in the Middle East conflict and upcoming US inflation data, which could influence market direction in the coming days.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 09 Apr 26: Stock markets soar after ceasefire agreement

Wed, 08 Apr 2026 20:42:54 +0000

Stock markets surged after a ceasefire agreement between the US and Iran, while oil tumbled on expectations the Strait of Hormuz will reopen soon. Back home, the ASX is set to slip after yesterday’s surge.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 08 Apr 26: ASX soars on Iran ceasefire

Wed, 08 Apr 2026 06:45:34 +0000

The Aussie share market jumped 2.6% today, its best day in about a year, after the US and Iran agreed to a two-week ceasefire. Energy stocks led losses with Woodside down 10.5% as oil prices plunged 17%. Technology stocks rebounded strongly, up over 7%, while gold miners surged as the precious metal gained 5%. Defensive sectors like utilities and consumer staples underperformed as war concerns eased.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 08 Apr 26: US markets pare losses as Iran deadline nears

Tue, 07 Apr 2026 20:48:40 +0000

US markets pared losses as the deadline on Donald Trump’s ultimatum to Iran draws closer. The President made further extraordinary threats, prompting the White House to deny the potential use of nuclear weapons, while Aussies are expected to feel the pinch beyond petrol prices soon enough.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 07 Apr 26: Aussie market surges despite Trump deadline

Tue, 07 Apr 2026 06:50:48 +0000

Local shares ignored brewing geopolitical tensions today, with the index surging 1.7%. Despite a looming 10:00 AM deadline for President Trump’s threatened strikes on Iranian infrastructure, all 11 sectors finished higher in a broad-based relief rally. Tech was the standout performer, leaping 4% while retail also saw explosive moves; Guzman y Gomez skyrocketed 18.5% on strong quarterly sales, while Domino’s bounced 7%. Bank of Queensland jumped 7% after offloading its equipment financing book to Challenger, signaling a potential $300 million return to shareholders. Investors now shift their focus to tonight's US trade and Friday's crucial March inflation data.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 07 Apr 26: Markets higher ahead of Trump–Iran deadline

Mon, 06 Apr 2026 21:00:33 +0000

US markets moved higher as the deadline looms on Donald Trump’s latest ultimatum for Iran to open a vital route for global energy supplies. Attention is also turning to oil prices and what lies ahead for the Aussie share market after the Easter long weekend.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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Market Close 02 Apr 26: ASX rattled as war escalates

Thu, 02 Apr 2026 05:45:00 +0000

Aussie shares tumbled on Thursday as President Trump's hawkish speech on Iran rattled global markets, reversing Wednesday's strong gains. The ASX 200 fell sharply, with energy stocks initially rising on oil price spikes before reversing. Defensive sectors like consumer staples and utilities outperformed as investors sought safety amid escalating geopolitical tensions. Markets will be closed for the Easter long weekend, with the US market reopening Monday, setting up a potentially volatile Tuesday session for Australian investors.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 02 Apr 26: Markets rise ahead of Trump’s prime-time address

Wed, 01 Apr 2026 19:39:49 +0000

Markets rose on optimism that the war could soon come to an end, lifting risk appetite and pushing most commodities and the Australian dollar higher. Attention is also turning to the latest market acronym, HALO, but what’s behind it?

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 01 Apr 26: Best day in months for Aussie stocks

Wed, 01 Apr 2026 05:45:00 +0000

The Australian share market staged a dramatic rebound on Wednesday, surging over 2% in its strongest session in almost a year as optimism grew around potential de-escalation in the Iran conflict. The S&P/ASX 200 climbed to a two-week high, with gold miners leading the charge after a brutal March, while tech stocks and materials also rebounded strongly. The rally followed comments from US President Trump suggesting the conflict could end within weeks, sparking a 3% surge on Wall Street overnight. Investors also shrugged off concerns about potential fuel restrictions ahead of the Easter break, with most sectors advancing and only utilities in the red.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 01 Apr 26: Markets soar on hopes war will soon end

Tue, 31 Mar 2026 19:40:50 +0000

Markets have surged on hopes the war could soon end, with encouraging signs emerging from both Donald Trump and Iran. It marks a positive end to what has otherwise been a brutal month for investors.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 31 Mar 26: Worst month for Aussie market since 2022

Tue, 31 Mar 2026 06:04:14 +0000

While the index clawed back from morning lows following reports of potential de-escalation in the Middle East, it wasn't enough to mask a shocker of a month for the ASX. March saw the benchmark plunge nearly 8%, marking its steepest monthly decline since June 2022. Energy was the runaway winner, surging 20% on record oil disruptions, while Materials and Gold miners faced their worst sell-offs in over a decade. Domestic news added to the heavy mood, with consumer confidence hitting a 50-year record low as petrol prices breached $2.50 per litre. Meanwhile, the RBA announced a landmark ban on most card surcharges starting October, and ARN Media shares cratered 17% following a high-profile legal claim from Jackie O.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 31 Mar 26: Wall Street slips despite Trump’s assurances

Mon, 30 Mar 2026 19:46:31 +0000

The ASX is expected to move higher despite a softer lead from Wall Street. Oil prices pared gains after a G7 pledge to stabilise energy markets, while attention is also turning to why the “Magnificent Seven” stocks aren’t so magnificent this year.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 30 Mar 26: Rough start to the week for ASX

Mon, 30 Mar 2026 05:44:23 +0000

The Aussie share market fell sharply today, hitting a four-year low for the month as global uncertainty weighed heavily on investor sentiment. Energy stocks rallied on soaring oil prices, while banks and tech stocks led the decline. With one day left in March, the ASX 200 is on track for its worst monthly performance since June 2022. Investors remain focused on Middle East tensions and await further economic data from the US and RBA minutes.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 30 Mar 26: Markets to fall as war enters its fifth week

Sun, 29 Mar 2026 19:44:49 +0000

The conflict in the Middle East has entered its fifth week, with the weekend’s developments set to shape markets in the days ahead. The Aussie market is expected to open lower following recent weakness, while key economic data out of Australia this week will also be in focus.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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Market Close 27 Mar 26: ASX posts first weekly rise since conflict began

Fri, 27 Mar 2026 05:45:27 +0000

The Aussie share market edged lower on Friday as investors remained cautious amid ongoing Middle East tensions, with energy stocks outperforming and technology shares under pressure. The ASX 200 is on track for its first weekly gain in four weeks, though still facing its worst monthly performance since June 2022. Market sentiment was influenced by delayed US military action against Iran and fluctuating oil prices, while sectors showed a split performance over the week.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

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Morning Report 27 Mar 26: Markets sink on Iran uncertainty

Thu, 26 Mar 2026 19:55:13 +0000

After nearly four weeks of fighting in the Middle East, uncertainty continues to surround proposals for a peace plan, pushing oil prices higher. Locally, the Aussie market is expected to open in the red, following losses on Wall Street.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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Market Close 26 Mar 26: ASX treads water amid geopolitical tensions

Thu, 26 Mar 2026 05:45:00 +0000

The Aussie share market closed little changed today as investors weighed conflicting signals from the US and Iran over a potential ceasefire. Energy stocks gained momentum from rebounding oil prices, while tech shares slipped. With three trading days left in March, the ASX 200 remains down around 7% for the month, with only energy and utilities in positive territory. Key dividend announcements from BHP, Woodside Energy, and others added some market activity, but broader sentiment remains cautious amid ongoing Middle East tensions and shifting expectations for US interest rates.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day’s market movements and explain what the numbers really mean.

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Morning Report 26 Mar 26: Stocks rise on Iran ceasefire hopes

Wed, 25 Mar 2026 19:39:42 +0000

The ASX is set to rise at the open on hopes of a ceasefire in Iran, with improving sentiment helping lift global markets. In the US and Europe, stocks and bonds climbed as oil prices fell, with investors keeping the recent March pullback in perspective.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 25 Mar 26: Best day in six weeks for Aussie shares

Wed, 25 Mar 2026 06:01:57 +0000

The Australian share market delivered its best day in six weeks, surging 1.9% as cooler-than-expected inflation data eased rate hike expectations. Energy stocks fell sharply amid reports of potential US-Iran negotiations, while materials and mining stocks led the charge. BHP and Rio Tinto posted strong gains, with Rio benefiting from $2 billion in government subsidies. The gold sub-sector rebounded 8%, though still down 25% this month. All sectors finished higher except energy and investors now await Trump’s speech tomorrow morning for further geopolitical cues.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day’s market movements and explain what the numbers really mean.

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.

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Morning Report 25 Mar 26: ASX to open higher after choppy trade overseas

Tue, 24 Mar 2026 19:44:48 +0000

The ASX is set to open higher after choppy trading across overseas markets, with investors also turning their attention to key inflation data out of Australia today. On Wall Street, markets were mixed as Iran again denied talks, keeping geopolitical uncertainty in focus.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 24 Mar 26: Aussie market snaps three-day slide amid uncertainty

Tue, 24 Mar 2026 05:51:06 +0000

A long-awaited reprieve arrived today, with the local market snapping a three-session losing streak after President Trump postponed strikes on Iranian energy assets. While the index surged early on, gains faded to 0.4% by the close as skepticism grew over conflicting reports of peace talks. Despite the bounce, the market remains down nearly 9% this month after briefly entering correction territory yesterday. Miners provided the heavy lifting with a 3% jump, offsetting a weak Financials sector. Energy stocks proved resilient; after an initial slump, the sector recovered as Brent crude climbed back above $103 a barrel. Meanwhile, Myer shares retreated after a 17% profit drop overshadowed record Black Friday sales. All eyes now shift to tomorrow's crucial February inflation data.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 24 Mar 26: ASX set to rebound on Iran resolution hopes

Mon, 23 Mar 2026 19:42:43 +0000

The ASX is set to rebound as hopes grow of a resolution to the conflict in Iran. Oil has plunged back below US$100 a barrel, while attention is also turning to gold, with strong demand driving queues outside bullion stores.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 23 Mar 26: ASX sinks to 10-month low

Mon, 23 Mar 2026 05:45:00 +0000

The Aussie share market tumbled to a 10-month low as escalating US-Iran tensions sparked a global sell-off. The ASX 200 briefly entered correction territory, dragged down by a 2.4% fall in the materials sector, while energy stocks bucked the trend with a 1.3% gain. Miners including BHP, Rio Tinto and Fortescue posted double-digit losses this month, and gold stocks plunged 32% from record highs. The financial sector also slipped, weighed by the major banks. Investors remain on edge ahead of key inflation data and further geopolitical developments.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

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Morning Report 23 Mar 26: Oil hits highest level in nearly four years

Sun, 22 Mar 2026 19:54:33 +0000

Fluid, volatile and uncertain — the Middle East conflict is set to dominate financial markets again this week. The Aussie share market is set to fall following a sell-off in US markets, while oil has climbed to its highest level in nearly four years.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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Market Close 20 Mar 26: Three weeks of declines for Aussie shares

Fri, 20 Mar 2026 05:52:40 +0000

The Aussie market hit a four-month low today, dropping 0.8% to conclude its third consecutive week of declines. It has now shed over 8% in March as the conflict near Iran enters its 20th day, sparking fears of the worst monthly performance in years. While Healthcare and Energy offered defensive cover, Financials and Materials led a late-session slide into a "sea of red." The month's stark divide continues: Energy is up 16% on high oil prices, while Materials has plunged 19%. Retailer Premier Investments mirrored the volatility, jumping 8.5% on results before finishing down 4.5%. With oil near $107, focus shifts to next Wednesday's inflation data for May rate hike clues.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

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Morning Report 20 Mar 26: Markets fall as Iran war escalates

Thu, 19 Mar 2026 19:48:46 +0000

Escalating attacks in the Persian Gulf have caused long-term damage to major energy facilities, fuelling volatility across oil and natural gas markets. At the same time, investors have moved away from traditional safe havens, with gold and silver facing a sell-off. So how will the Aussie share market respond as we round out a choppy week?

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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Market Close 19 Mar 26: ASX slumps to 4-month low

Thu, 19 Mar 2026 05:45:00 +0000

The Aussie share market tumbled today, dragged lower by global uncertainty and Middle East tensions, with the ASX 200 falling to its lowest level in months. Energy was the sole bright spot, surging as oil prices jumped to near 12-year highs. Investors also digested a stronger-than-expected jobs report, which raised the likelihood of further rate hikes from the RBA. With central bank meetings continuing worldwide, volatility remains elevated.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

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Morning Report 19 Mar 26: ASX to plunge after oil prices spike

Wed, 18 Mar 2026 19:46:41 +0000

The ASX is expected to plunge at the open after oil prices spike once again. In the US, the Federal Reserve kept rates on hold, while markets fell following hotter-than-expected producer prices.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 18 Mar 26: Aussie stocks edge higher for second day

Wed, 18 Mar 2026 05:45:00 +0000

The Aussie share market has posted modest gains for a second consecutive session, with most sectors advancing as investors await key US Federal Reserve interest rate decision and Australian jobs data. Energy stocks rebounded strongly, while tech shares remain under pressure despite today's gains. The market's recovery comes after hitting three-month lows earlier this week amid escalating Middle East tensions and rising oil prices.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 18 Mar 26: ASX to edge higher as overseas markets rally

Tue, 17 Mar 2026 19:38:44 +0000

The ASX is set to edge higher as overseas markets rally, with Wall Street gaining ahead of the Federal Reserve’s interest rate decision. Meanwhile, markets remain focused on developments in the Middle East, where crude oil has once again climbed above US$103 a barrel.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 17 Mar 26: ASX snaps slide as divided RBA fuels relief

Tue, 17 Mar 2026 05:45:43 +0000

The Aussie market broke a three-day slide, lifting 0.4% even as the Reserve Bank raised interest rates to 4.1%. In a narrow 5-4 split decision, Governor Michelle Bullock cited persistent domestic inflation as the primary catalyst. While the hike was widely anticipated, the non-unanimous vote triggered a relief rally in Financials and Property stocks, though gains cooled after Bullock warned that a May hike remains "live." Gold miners dominated the winners, with Pantoro Gold soaring 12% following a broker upgrade. The Energy sector retreated as oil prices dipped toward $101 a barrel, while Temple & Webster slumped 8% amid broader retail weakness.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 17 Mar 26: ASX set to snap 3-day losing streak

Mon, 16 Mar 2026 19:47:38 +0000

The ASX is set to rise after closing lower for three straight sessions, with a rate decision from the Reserve Bank of Australia due later today. Meanwhile, on Wall Street, markets rebounded led by technology stocks, while oil retreated after Iran allowed some ships to pass through the Strait of Hormuz.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 16 Mar 26: Will the RBA hike interest rates?

Mon, 16 Mar 2026 05:43:14 +0000

The Aussie share market fell for a third straight session today, weighed down by mining stocks and broader market jitters amid escalating Middle East tensions. Energy was a rare bright spot, lifted by rising oil prices, while materials and financials struggled. With the RBA meeting tomorrow, investors are weighing the risk of another rate hike as inflation concerns grow. China's economic data offered some relief, though property remains weak. Dividends are also in focus as many stocks trade ex-dividend.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 16 Mar 26: ASX to fall as rates decision looms

Sun, 15 Mar 2026 19:53:17 +0000

Another sell-off is expected when the Aussie share market opens on Monday, extending the recent weakness. It’s a big week for interest-rate decisions in Australia, the US and around the globe, while investors are also watching the latest developments in oil supply.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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Market Close 13 Mar 26: Banks help steady market amid rate hike speculation

Fri, 13 Mar 2026 05:51:31 +0000

The Aussie market closed out a turbulent week with a muted session on Friday as investors took a breather after a volatile week dominated by Middle East tensions. The ASX 200 ended down 0.1%, with the materials sector dragged lower by a 6% fall in gold miners, while financials gained 1% ahead of next week's RBA interest rate decision. Northern Star plummeted 18% after cutting production guidance, and BHP fell amid an ongoing iron ore contract dispute with China. Energy stocks were the week's sole gainers, up 2.5%, as the broader market heads for its first monthly loss in three months.

Laura Besarati is a Market Analyst at CommSec. Each episode, she breaks down the day's market movements and explains what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 13 Mar 26: Oil soars again, ASX to slip

Thu, 12 Mar 2026 19:55:00 +0000

Oil markets remain in focus with prices above US$100 a barrel as attacks on oil tankers in the Middle East ramp up. Stocks were in the red across the US and Europe, and after losses on the Aussie market yesterday the ASX looks set to extend the slide. Meanwhile, US bond yields also soared as inflation fears further dent rate-cut expectations.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

See omnystudio.com/listener for privacy information.

Market Close 12 Mar 26: Oil soars as tensions flare

Thu, 12 Mar 2026 05:45:00 +0000

The Australian share market fell sharply today, as geopolitical tensions in the Middle East rattled investors, with the ASX 200 dropping 1.3%. Energy stocks gained strongly on surging oil prices, while tech and real estate sectors led the broader market decline. Investors are also bracing for a potential RBA rate hike next week, adding to market uncertainty. Key company updates included Collins Foods' European expansion and Alcoa's broker upgrade, while Liontown fell despite strong revenue growth.

Laura Besarati is a Market Analyst at CommSec. Each episode, she breaks down the day's market movements and explains what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 12 Mar 26: The ASX to fall as US markets slip

Wed, 11 Mar 2026 19:37:22 +0000

The ASX is set to fall after US markets slipped overnight. Oil prices also jumped despite an agreement to release reserves, while US inflation edged higher with more increases expected in the months ahead.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 11 Mar 26: Banks and Miners drive gains

Wed, 11 Mar 2026 05:39:34 +0000

The Australian share market posted modest gains today, with banks and miners leading the charge as investors weighed RBA rate hike expectations and Middle East tensions. The ASX 200 climbed around 0.6%, recovering some of Monday's losses, though sectors like tech and healthcare lagged. Energy stocks showed volatility amid fluctuating oil prices, while gold miners gained modestly. Investors remain cautious, closely watching geopolitical developments and upcoming inflation data from the US.

Laura Besarati is a Market Analyst at CommSec. Each episode, she breaks down the day's market movements and explains what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 11 Mar 26: ASX to rise as oil sinks

Tue, 10 Mar 2026 19:40:48 +0000

The ASX is set to rise at the open as oil prices sink, providing some relief for markets. On Wall Street, markets moved higher after Donald Trump said the war could soon end, while gold leapt and base metals rallied as the US dollar paused its recent surge.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 10 Mar 26: ASX bounces back as US hints at "short-term" conflict

Tue, 10 Mar 2026 06:01:49 +0000

Local shares staged a relief rally today, reclaiming ground after yesterday's bruising 2.9% sell-off. Sentiment shifted following comments from President Trump suggesting the Middle East conflict could conclude "very soon," cooling the panic that recently gripped global markets. While the index faded from its morning peaks, it remained firmly in the green as oil prices retreated below $90 a barrel. The Energy sector, yesterday's lone winner, reversed course to lead the declines, with Woodside and Santos sliding as supply fears eased. In contrast, Materials and Financials powered the rebound. BHP snapped a five-day losing streak, while cancer diagnostic firm Telix Pharmaceuticals soared 8% on positive Phase 3 trial results. However, gold miner Pantoro plummeted 22% after a guidance downgrade overshadowed a revenue jump.

Laura Besarati is a Market Analyst at CommSec. Each episode, she breaks down the day's market movements and explains what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 10 Mar 26: ASX to rebound as oil pares gains

Mon, 09 Mar 2026 19:36:44 +0000

The ASX is set to rebound on Tuesday after overseas markets steadied overnight. In commodities, Brent crude briefly hit its highest level since 2022 before falling sharply, while a stronger US dollar weighed on other commodity prices.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 09 Mar 26: Aussie market drops to three-month low

Mon, 09 Mar 2026 05:43:25 +0000

The Australian share market tumbled to its lowest point since December, extending its worst day in nearly a year as Middle East tensions escalated. Energy was the sole gainer, rising 2% amid oil prices surging past $100 a barrel, while every other sector recorded steep losses. Investors braced for prolonged conflict impacts, including higher inflation and economic uncertainty, as the VIX volatility index hit its highest level since April last year.

Laura Besarati is a Market Analyst at CommSec. Each episode, she breaks down the day's market movements and explains what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 09 Mar 26: ASX to dive as oil spikes

Sun, 08 Mar 2026 19:36:49 +0000

The ASX is set to dive as oil prices spike amid escalating conflict in Iran, while a disappointing US jobs report also weighed on markets. Meanwhile, metals and mineral prices surged as tensions in the Middle East intensified.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 06 Mar 26: Worst weekly drop in over a year for Aussie market

Fri, 06 Mar 2026 05:49:49 +0000

The Aussie market endured a bruising week, on track for its sharpest weekly decline since early 2025. While Energy stocks offered some protection - buoyed by a 20% surge in oil prices this week - the broader market succumbed to fears of an inflationary shock. Materials and Gold miners were heavily sold off today as the US dollar strengthened, while Uranium miner Deep Yellow plunged over 12% after delaying a key project decision in Namibia. Amid the sea of red, Tech stocks emerged as rare winners. WiseTech spearheaded a relief rally, leaping 11% as opportunistic investors rotated back into growth names that had been previously battered by selling pressure. All eyes now shift to tonight’s critical US non-farm payrolls and next week’s US inflation data for the next directional cue.

Laura Besarati is a Market Analyst at CommSec. Each episode, she break's down the day's market movements and explains what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 06 Mar 26: ASX to tumble as Iran war lifts oil

Thu, 05 Mar 2026 19:39:27 +0000

The ASX is set to tumble as escalating conflict in Iran sends oil prices higher. Elsewhere, US bonds sold off for a fourth straight session as doubts grow over the timing of rate cuts, while Wall Street also fell amid reports of new chipmaker restrictions.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 05 Mar 26: ASX rebounds after back-to-back declines

Thu, 05 Mar 2026 05:46:39 +0000

The Australian share market rebounded on Thursday, recovering roughly half of the previous session's losses as investors shrugged off geopolitical tensions and bought back into oversold stocks. Technology led the gains with a strong four percent rise, while energy stocks recovered despite earlier weakness. The positive lead came from Wall Street, where major US indices rose on signs of economic resilience. Investors are now looking ahead to US jobs data and monitoring ongoing developments in the Middle East.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 05 Mar 26: ASX to surge amid hopes of Iran talks

Wed, 04 Mar 2026 19:42:39 +0000

The Aussie market is set to rebound amid hopes of de-escalation in the conflict involving Iran, while on Wall Street, the Nasdaq led a broader rally, buoyed by strength in technology stocks. In commodities, oil edged higher amid another volatile trading session.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 04 Mar 26: Worst day for ASX in a month

Wed, 04 Mar 2026 05:45:00 +0000

The Australian share market suffered its worst day in a month, extending losses for a second straight session with all 11 sectors in negative territory. The conflict in the Middle East has heightened volatility, overshadowing stronger-than-expected GDP data showing 2.6% annual growth. Energy prices surged as Trump directed the US Navy to escort tankers through the Strait of Hormuz, while gold miners faced profit-taking after recent record highs.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 04 Mar 26: Aussie shares to drop on Wall Street slump

Tue, 03 Mar 2026 19:42:46 +0000

Aussie shares are tipped to slide at the open, following heavy losses on Wall Street where the Dow Jones fell by as much as 1,200 points at one stage. So what are investors abandoning, and where is the money flowing?

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 03 Mar 26: Energy lifts amid a sea of red

Tue, 03 Mar 2026 05:49:04 +0000

The Aussie market stumbled today, posting one of its worst sessions in weeks as escalating Middle East tensions unnerved investors. The ASX 200 retreated sharply, weighed down by widespread caution, though the Energy sector provided a rare bright spot. Oil prices soared after reports of a blockade at the Strait of Hormuz, pushing local coal miners higher. In contrast, it was a "sea of red" elsewhere; gold miners slumped despite record bullion prices as investors locked in profits, and Live360 plummeted to its worst level in a year following earnings. Magellan Financial was the undeniable standout, soaring over 20% after announcing a blockbuster $1.6 billion merger with Barrenjoey. All eyes now pivot to Wednesday's critical GDP print.

Laura Besarati is a Market Analyst at CommSec. Each episode, she break's down the day's market movements and explains what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 03 Mar 26: ASX to open lower after fresh record

Mon, 02 Mar 2026 19:36:47 +0000

Aussie shares are expected to open lower after setting another fresh record while on Wall Street, investors are reacting to the escalating conflict in the Middle East. We also take a look at the US dollar and gold as investors flock into traditional safe havens.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 02 Mar 26: Energy sector hits 1.5-year high

Mon, 02 Mar 2026 05:48:35 +0000

The ASX 200 ended Monday little changed as escalating Middle East tensions sparked sharp sector swings. Energy stocks soared 5.5% to a 1.5-year high, while gold miners jumped on safe-haven demand. Defensive staples gained, but banks and tech fell amid global uncertainty. Investors await potential US-Iran talks and key economic data including Australian GDP and US jobs figures this week.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 02 Mar 26: ASX set for rocky start after strikes on Iran

Sun, 01 Mar 2026 19:53:17 +0000

A rocky start to the ASX is expected after weekend strikes on Iran rattled sentiment. Oil, gold and defence stocks are tipped to gain as investors price in geopolitical risk, while Wall Street slumped on the news, setting a cautious tone for the local open.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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Market Close 27 Feb 26: Aussie market's best February since 2019

Fri, 27 Feb 2026 05:50:35 +0000

The ASX wrapped up a strong February with a 1.3% weekly gain, its best monthly performance in nearly a year. Mining and financials led the charge while consumer staples lagged after Coles underwhelmed compared to Woolworths. Block surged despite announcing 40% workforce cuts, while Harvey Norman rose despite Jerry Harvey's disappointment. Investors now watch ex-dividend stocks and key US data ahead.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 27 Feb 26: ASX to open flat as US slumps

Thu, 26 Feb 2026 19:42:51 +0000

The ASX is set to open flat as overseas markets slump. Despite strong results from Nvidia, Wall Street investors remained unconvinced, with fresh concerns emerging around the AI trade. Locally, attention now turns to Coles’ earnings and whether it can match Woolworths’ strong showing from earlier in the week.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 26 Feb 26: Record-breaking day for Aussie stocks

Thu, 26 Feb 2026 05:38:37 +0000

The ASX200 hit a fresh record above 9,200 points, driven by strong gains in tech and healthcare sectors. Energy lagged, down 1.5%. Earnings season saw Qantas and Super Retail Group report mixed results. The market remains resilient despite inflation concerns and upcoming rate decisions. Tomorrow marks the final day of reporting season with key stocks like Coles and The Star Entertainment Group releasing results.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 26 Feb 26: ASX to rise ahead of key earnings

Wed, 25 Feb 2026 19:35:50 +0000

The Aussie market is poised for a positive open after climbing to a fresh record high. Wall Street also extended its gains overnight, while investors now turn their attention to what the latest inflation reading could mean for interest rates.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 25 Feb 26: Record ASX high despite strong inflation

Wed, 25 Feb 2026 05:41:10 +0000

The ASX 200 climbed to a fresh record today, shrugging off stronger-than-expected inflation data. Markets followed positive leads from Wall Street despite volatility around Trump's State of the Union address. Key sectors included technology, consumer staples, and materials which hit its own record high. Investors await Coles' results and NVIDIA's overnight earnings, with RBA rate decisions still on the horizon.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 25 Feb 26: Aussie shares to follow US gains

Tue, 24 Feb 2026 19:39:49 +0000

The ASX is set to open strongly as investors brace for a fresh round of earnings reports. On Wall Street, stocks rebounded as technology shares recovered, with markets looking ahead to Nvidia’s results. In commodities, gold slipped from three-week highs as a firmer US dollar weighed on prices.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 24 Feb 26: Trump tariffs take hold as Aussie markets flatline

Tue, 24 Feb 2026 05:56:37 +0000

Aussie stocks stalled today, drifting lower for a third session as global uncertainty took hold. Despite an early climb, the index succumbed to a late fade, echoing a weak Wall Street lead where the S&P 500 slumped on AI disruption fears and the official start of President Trump’s trade tariffs. A 10% levy on all global imports took effect this afternoon. Energy and Materials sectors provided the only sparks, with the latter hitting a record high as BHP cracked a fresh peak. Lithium miners Liontown and Pilbara Minerals also surged following a price rebound. In reporting news, Viva Energy and Woodside jumped after beating expectations, but Adore Beauty plummeted 28% as deep discounting savaged margins.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

See omnystudio.com/listener for privacy information.

Morning Report 24 Feb 26: ASX set to rise despite US drop

Mon, 23 Feb 2026 19:47:18 +0000

ASX futures are pointing to a positive start, despite a sharp sell-off on Wall Street overnight as investors grappled with fresh uncertainty around tariffs. In commodities, gold spiked on safe-haven demand while broader prices eased, setting up a mixed backdrop for the local session.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 23 Feb 26: ASX falls from record high

Mon, 23 Feb 2026 05:45:00 +0000

The ASX200 fell 0.6% as tech stocks underperformed, dragged down by US futures. Inflation data and Trump's tariff uncertainty dominated, with gold miners like Ramelius Resources leading gains. Profit season begins with mixed results, including Fisher & Paykel's guidance lift. Key events include Wednesday's inflation data and Friday's ex-dividend announcements.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

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Morning Report 23 Feb 26: ASX to react to Trump’s latest tariff move

Sun, 22 Feb 2026 19:50:12 +0000

All eyes will be on the Australian market’s reaction, after further fallout over the weekend from a key US Supreme Court decision that struck down President Trump’s tariffs. The legal ruling was welcomed by investors on Wall Street and European markets, but the ride isn’t over yet. Locally, earnings season is continued to ramp up.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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Market Close 20 Feb 26: ASX locks in second straight weekly gain

Fri, 20 Feb 2026 05:55:31 +0000

The Aussie market caught its breath on Friday, finishing almost completely flat after a massive week that saw the ASX 200 finally scale new record heights. While the index took a minor five-point dip today, it still locked in a nearly 2% gain for the week—its best performance since May. Reporting season remained the primary driver of volatility. QBE Insurance surged after a profit jump, while shipbuilder Austal climbed on a new $4 billion ADF contract. However, the retail space was bruised; Guzman y Gomez slumped to a record low despite rising profits. Ingham's also plummeted 13% following a profit warning and dividend cut. With Nvidia and Aussie inflation data on the horizon, the focus now shifts to whether the market can sustain its record-breaking momentum next week.

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Morning Report 20 Feb 26: ASX to fall from record highs

Thu, 19 Feb 2026 19:57:29 +0000

Wall Street pulled back overnight, led lower by a slide in Nvidia and sharp losses across private equity stocks. Meanwhile, Walmart flagged worrying economic signals in a cautious outlook and European markets also retreated from record highs after a mixed batch of earnings. In commodities, oil climbed to a six-month high on concerns over a potential US–Iran conflict, while gold eased as investors awaited US inflation data. Back home, Aussie shares are poised to snap a four-day winning streak.

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Market Close 19 Feb 26: ASX records high on busy earnings day

Thu, 19 Feb 2026 05:47:02 +0000

CommSec hosts Steve Daghlian and Laura Besarati report the ASX 200 hit a fresh record high, extending its winning streak to four days. Earnings season drove gains, with banks and resources leading. Jobs data showed 17,800 new jobs, supporting rate hike bets. Upcoming: inflation data and more results.

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Morning Report 19 Feb 26: ASX surges toward fourth straight win

Wed, 18 Feb 2026 19:57:47 +0000

Wall Street finished higher, with tech stocks recouping recent losses and broader markets holding gains following the latest Federal Reserve minutes. Elsewhere, Nvidia climbed as Meta deepened ties with the chipmaker. In Europe, stocks closed at fresh record highs, extending the global risk-on tone. In commodities, oil prices jumped 4% amid escalating tensions between Iran and the US, while gold prices rebounded as investors weighed the mounting geopolitical risks. Back home, Aussie shares are set to rise for a fourth straight session on Thursday, with attention turning to key jobs data.

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Market Close 18 Feb 26: ASX approaches record high

Wed, 18 Feb 2026 05:57:39 +0000

The Aussie market extended its winning streak for a third session, with the ASX 200 briefly scaling the 9,000-point peak for the first time in a week. The Financials and Property sectors led the charge, while Materials lagged due to a retreat in gold prices and profit-taking in BHP. NAB was a standout, surging to a record high on the back of a strong quarterly profit lift. Both Superloop and Netwealth soared, and health insurers Medibank and NIB also climbed after the government approved the largest premium hikes since 2017. However, Santos announced job cuts amid a profit slump, and Suncorp faced pressure from rising disaster claims. All eyes now pivot to tomorrow’s "Super Thursday," featuring heavyweights like Rio Tinto, Telstra, and the critical Aussie jobs report.

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Morning Report 18 Feb 26: Volatility grips Wall Street

Tue, 17 Feb 2026 19:51:07 +0000

Volatility gripped Wall Street as tech stocks wavered amid renewed concerns about AI, although gains in financials helped steady the broader market. In company news, Warner Bros. reopened talks after Paramount signalled a higher bid, while in Europe, the FTSE 100 edged higher as softer jobs data bolstered rate-cut expectations. In commodities, oil prices slipped on signs of progress in US-Iran talks, while gold also fell as the US dollar strengthened. Back home, Aussie shares are poised to extend gains for a third straight session, with focus turning to upcoming wages data.

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Market Close 17 Feb 26: ASX edges higher as BHP hits record high

Tue, 17 Feb 2026 05:53:42 +0000

The Aussie market pushed higher for a second day, though gains were modest as investors navigated a quiet global lead with US and Chinese markets closed. The Materials sector did the heavy lifting, propelled by BHP which surged to a fresh all-time high. The company's half-year results stunned the market, as copper earnings surpassed iron ore for the first time, driven by a global push for electrification and AI infrastructure. Reporting season drama provided the day's biggest swings elsewhere. Baby Bunting soared after a 25% sales jump, while A2 Milk and JB Hi-Fi extended yesterday's post-earnings rallies. However, it wasn't all one-way traffic; Reliance Worldwide tumbled as US tariffs and weak housing demand dented profits, and Seek fell despite an adjusted profit beat as investors fretted over a massive write-down of its Chinese investment, Zhaopin.

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Morning Report 17 Feb 26: Stocks fluctuate in holiday-thinned trade

Mon, 16 Feb 2026 19:50:31 +0000

Global stocks and bonds were little changed in holiday-thinned US trading, while European shares edged higher, supported by gains in financials ahead of key earnings results. In commodities, oil prices rose ahead of US-Iran nuclear talks, while gold slipped in thin trade as the US dollar strengthened. Back home, the ASX is expected to open higher on Tuesday, with investors focused on earnings from BHP, Challenger and Seek.

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Market Close 16 Feb 26: A muted start to a jam-packed week

Mon, 16 Feb 2026 05:44:23 +0000

Aussie shares edged up about 0.25% as earnings season ramps with almost 100 results due. Tech led gains after steep falls while materials and miners slipped amid Rio Tinto’s Guinea shutdown and iron ore near US$97 a tonne. Highlights: A2 Milk Company beat forecasts, Treasury Wine Estates swung to a $649m loss, Qube Holdings takeover agreed and JB Hi-Fi posted record sales. BHP results and Thursday jobs data are next.

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Morning Report 16 Feb 26: S&P 500 ends modestly higher

Sun, 15 Feb 2026 19:48:13 +0000

Wall Street closed the week slightly higher, with the S&P 500 edging up as cooler US inflation offset weakness in tech. Treasury yields fell after the CPI reading kept hopes for Fed rate cuts alive, while Coinbase rebounded as Bitcoin surged to US$69,000. Elsewhere, European shares edged lower amid renewed concerns around AI valuations. In commodities, oil settled higher on optimism around the US inflation outlook, gold jumped more than 2% on rate-cut hopes, while iron ore slipped ahead of a holiday in China. Back home, Aussie shares are set to open higher ahead of a bumper week of earnings.

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Market Close 13 Feb 26: Best week since May for ASX

Fri, 13 Feb 2026 05:55:05 +0000

The ASX200 secured its best week since May, advancing 2.4%, but fell 1.3% today amid a US tech sell-off fuelled by AI disruption concerns and weaker commodity prices. Big swings hit reporting season stocks, with Temple & Webster down 33% and AMP surging after a 26% plunge. Next week, Rio Tinto and Telstra report, while CBA trades ex-dividend.

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Morning Report 13 Feb 26: AI selloff spreads on Wall Street

Thu, 12 Feb 2026 20:02:07 +0000

Tech and software stocks led Wall Street sharply lower, with the Dow Jones falling 500 points and the S&P 500 shedding 1% as fears of AI disruption spread. In Europe, shares retreated from record highs, weighed down by weakness in financials. In commodities, oil slid 3% on updated supply forecasts, while gold eased after strong US jobs data dampened rate-cut expectations. Back home, Aussie shares are expected to tumble at the open.

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Market Close 12 Feb 26: Banks and miners keep ASX positive

Thu, 12 Feb 2026 05:58:32 +0000

The ASX200 rose modestly on Thursday, up 0.25%, after briefly nearing record highs this week. Bank earnings drove gains, with ANZ jumping 8.5% and CBA climbing 5.5%, though tech and healthcare dragged. Tech fell 6% while CSL slumped 6.9% after half-year results and a CEO resignation. For the week, the market advanced 3.7%. Tonight, focus shifts to US oil inventories and earnings from Airbnb, Applied Materials, and Pinterest.

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Morning Report 12 Feb 26: Wall Street remains muted after jobs data

Wed, 11 Feb 2026 19:54:36 +0000

US stocks were mixed while Treasuries fell after strong jobs data tempered expectations for near-term Fed rate cuts. Investor caution weighed on software names, although Generac bucked the trend, rising on optimism around data centre demand. In Europe, commodity strength helped lift shares to fresh record highs. In commodities, oil advanced as Middle East tensions outweighed a large build in US crude inventories, while gold rose 1% as buyers looked past the robust jobs report. Back home, Australian shares are expected to edge higher on Thursday, with the Aussie dollar hovering near a three-year high.

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Market Close 11 Feb 26: ASX closes in on record high

Wed, 11 Feb 2026 05:51:20 +0000

The ASX200 rose 1.6% Wednesday, hitting the 9,000-point level for the first time in 3.5 months as reporting season gained momentum. Financials led gains after CBA's strong half-year results provided a 7% lift, adding about 60 points to the index. The Aussie dollar surged to a 19-month high following RBA hawkish comments that inflation remains too high. Investors now await US jobs data and a wave of local company reports including AMP and Northern Star.

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Morning Report 11 Feb 26: Wall Street mixed as retail sales data in focus

Tue, 10 Feb 2026 19:53:02 +0000

US stocks wavered while Treasuries surged after weak retail sales bolstered expectations of Federal Reserve rate cuts. Coca-Cola’s outlook disappointed, though Marriott hit a record high after issuing stronger-than-expected guidance. In Europe, losses in energy stocks offset gains in Ferrari. In commodities, oil edged lower as traders weighed Middle East supply risks, while gold slipped ahead of key US jobs and inflation data. Back home, Aussie shares are expected to open higher on Wednesday, with a bumper earnings day ahead and CSL in focus.

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Market Close 10 Feb 26: AI disruption fears rattle markets

Tue, 10 Feb 2026 05:51:20 +0000

The Aussie market clawed back last week’s losses as a resurgence in Materials and Health Care offset a late fade in the banks. Insurers were hammered by fresh AI disruption fears, following the US launch of an AI-powered comparison tool by Insurify, which sparked a heavy sell-off for local companies like Steadfast and IAG. In the resources space, Uranium stocks and BHP advanced, and Pilbara Minerals also found support after locking in a major lithium offtake agreement. However, G8 Education crashed nearly 20% after scrapping its dividend and flagging a massive $350 million write-down. Attention now pivots to a high-stakes Wednesday, with CBA and CSL set to headline the busiest day of the reporting season so far.

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Morning Report 10 Feb 26: Tech stocks fuel Wall Street rebound

Mon, 09 Feb 2026 19:56:58 +0000

Tech stocks led a rebound on Wall Street as investors awaited key economic data, while Treasuries were choppy after a move by China added pressure to the bond market. In Europe, shares closed at record highs as AI-related worries eased. In commodities, precious metals rose as the US dollar slipped, while oil prices climbed more than 1% after the US urged caution for vessels near Iran. Back home, Aussie shares are expected to open higher ahead of James Hardie’s earnings results.

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Market Close 09 Feb 26: ASX's best day in 10 months

Mon, 09 Feb 2026 05:45:00 +0000

Aussie stocks rebounded sharply on Monday, up 1.9% after a 2% drop last week, with all sectors in green. Gains supported by a strong US market rebound and tech bounce. Reporting season ramps up with key companies like CBA and CSL releasing results, while gold miners surged on rebounded prices. Investors now await US inflation and jobs data.

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Morning Report 09 Feb 26: Dow closes above 50,000 for the first time

Sun, 08 Feb 2026 19:51:41 +0000

US markets logged their best session since May last year, with Nvidia surging after upbeat AI comments from CEO Jensen Huang. The rally was partly offset by Amazon, which slid the most since August after unveiling a US$200 billion spending plan, while a sharp plunge in Stellantis weighed on auto stocks more broadly. In commodities, oil prices climbed on concerns over a potential US–Iran conflict, while iron ore eased ahead of China’s Lunar New Year holiday. Back home, a rebound is expected in Aussie shares, supported by gains in base and precious metals.

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Market Close 06 Feb 26: ASX’s worst day in 10 months

Fri, 06 Feb 2026 05:48:16 +0000

The ASX 200 slipped about 2.3 % on Friday, the worst day in ten months, as every sector posted losses. Weak US tech, falling commodity prices and concerns over the new Fed chair amplified the sell‑off. CBA rallied 6.4 % after a rebound, but WEB Travel plunged 30 % following a tax‑audit notice. Look ahead to US jobs and inflation data, the RBA’s May rate outlook, and a busy Australian reporting week featuring CBA, AMP, IAG, ANZ, Westpac, Evolution, Northern Star, CSL and Cochlear. Also watch Japan’s snap election for possible market moves.

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Morning Report 06 Feb 26: Stocks hit by software sell-off

Thu, 05 Feb 2026 19:53:37 +0000

Wall Street slumped after Alphabet’s capital spending plans unsettled investors, while a weak outlook from Qualcomm deepened the tech sell-off. In Europe, the European Central Bank and the Bank of England kept interest rates unchanged, while Rio Tinto and Glencore separately abandoned merger talks. In commodities, silver plunged nearly 14% amid a firmer US dollar, a move that is likely to weigh on Australian shares, which are expected to fall on Friday.

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Market Close 05 Feb 26: Low commodity prices weigh on ASX

Thu, 05 Feb 2026 05:45:00 +0000

The ASX200 eased 0.4 % (≈ 39 points) after three days of gains, led by a 3 % fall in materials as silver plunged 14 % and gold slipped 2 %. Tech stocks stayed weak, extending a seventh‑month decline, while BHP fell 4 % letting CBA retake the top spot. Look ahead to ECB and BOE rate holds, US oil inventory data and earnings from Amazon, Barrick, Bristol-Myers Squibb and Estée Lauder.

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Morning Report 05 Feb 26: Nasdaq tumbles as tech rout deepens

Wed, 04 Feb 2026 19:55:00 +0000

Wall Street slid overnight as renewed AI concerns weighed on tech stocks, dragging the Nasdaq down 2%. AMD led the sell-off, posting its steepest decline since 2018 after a disappointing outlook. In Europe, shares closed at record highs, bucking the global tech weakness. In commodities, oil prices jumped 3% on concerns around US-Iran talks, while copper fell as a stronger US dollar and inventory outlook pressured prices. Back home, Aussie shares are expected to open lower, tracking the continued tech rout.

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Market Close 04 Feb 26: Miners surge as tech stocks tank

Wed, 04 Feb 2026 05:53:36 +0000

The Aussie market pushed higher for a second session, showing remarkable resilience by bucking a negative lead from Wall Street. While US indices retreated, the ASX 200 climbed as the Materials and Energy sectors did the heavy lifting. Gold miners were the standout performers after bullion prices surged, and BHP hit a fresh all-time high. However, it was a "sea of red" for the Tech sector, which slumped to its lowest level in two years. Software giant Xero plummeted to a multi-year low as fears intensified over AI disrupting traditional software models, and elsewhere Synlait Milk also crashed following a massive profit warning.

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Morning Report 04 Feb 26: Stocks fall from near record levels

Tue, 03 Feb 2026 19:57:22 +0000

Wall Street’s sell-off deepened overnight, led by software and cloud stocks. In corporate news, Walmart joined the US$1 trillion club, becoming the first retailer to reach the milestone. In Europe, shares climbed to fresh record highs, supported by strength in mining stocks. Commodities were volatile, with oil prices rising after the US shot down an Iranian drone, while gold jumped its most since 2008 as buyers returned to the market. Back home, Australian shares are expected to fall following the RBA’s rate hike, while the Aussie dollar surged initially before easing back.

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Market Close 03 Feb 26: ASX shrugs off rate hike with strong gains

Tue, 03 Feb 2026 05:50:10 +0000

Aussie stocks staged a robust recovery today, reclaiming most of Monday’s losses despite the Reserve Bank of Australia handing down its first rate hike in over two years. The board unanimously lifted the cash rate to 3.85%, citing a material pick-up in inflation. Governor Michele Bullock maintained a cautious tone, refusing to rule further moves in or out while monitoring a tight labor market. The Materials sector spearheaded the rebound as gold and silver stabilised. Newmont surged after yesterday's heavy sell-off, while CBA rose despite flagging a multi-million dollar customer provision. Attention overnight turns to US earnings from Amazon and Alphabet.

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Morning Report 03 Feb 26: Stocks climb as gold selloff eases

Mon, 02 Feb 2026 20:08:59 +0000

Wall Street kicked off February on a stronger note, led by gains in the tech sector, though losses in Walt Disney weighed on sentiment after the company flagged a weaker outlook. In Europe, shares climbed to record highs, driven by strength in banking stocks. Commodities were under pressure, with oil sliding 5% on signs of US-Iran de-escalation, while gold extended its selloff as higher CME margin requirements compounded recent losses. Back home, Aussie shares are expected to rebound, even as the Reserve Bank is poised to lift the cash rate.

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Market Close 02 Feb 26: Will the RBA hike tomorrow?

Mon, 02 Feb 2026 05:56:07 +0000

The Aussie market suffered its sharpest fall in months, sliding deep into the red as a global commodity rout sparked a nasty four-day losing streak. The sell-off followed President Trump’s nomination of Kevin Warsh as the next Fed Chair. Warsh’s hawkish reputation sent the US dollar surging, causing gold to suffer its steepest crash since the 1980s and silver to plunge even further. Local gold miners like Newmont and Northern Star were crushed as the broader Materials sector retreated sharply. In contrast, Nine Entertainment extended its winning streak following a massive billboard acquisition. GrainCorp plummeted on a major profit downgrade, while the "Big Four" banks showed some resilience. All eyes now pivot to tomorrow’s high-stakes RBA meeting, with markets heavily favouring the first interest rate hike in over two years.

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Morning Report 02 Feb 26: US stocks tumble after Trump taps Warsh for Fed role

Sun, 01 Feb 2026 19:50:36 +0000

US stocks tumbled and precious metals slumped after Donald Trump chose Kevin Warsh as the next chairman of the central bank. Apple defied the broader sell-off, reporting its strongest-ever iPhone sales. In commodities, silver has plunged 30% from recent highs in its worst stretch since 1980, while gold recorded its steepest fall since 1983. Back home, Australian home prices continued to rise in January, though local shares are expected to open lower as the RBA begins its two-day policy meeting.

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Market Close 30 Jan 26: Rate hike ahead?

Fri, 30 Jan 2026 05:43:57 +0000

The Aussie market ended January with its third daily decline, down 0.7%. A 3% tumble in Materials led the drop as gold and silver prices pulled back following a historic 20% monthly rally. Sentiment was further pressured by speculation that Trump will nominate hawk Kevin Warsh as the next Fed Chair. Locally, Nine Entertainment jumped 4% after a massive $850 million pivot to acquire billboard giant QMS Media, while ResMed rose 4% on strong earnings. All eyes now turn to Tuesday’s RBA meeting, with a 70% chance of a rate hike looming.

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Morning Report 30 Jan 26: Stocks slide on AI spending concerns

Thu, 29 Jan 2026 19:55:55 +0000

US stocks swung as investor nerves around hefty AI spending sparked volatility, with Microsoft sliding after flagging a sharp jump in capital expenditure. That tech-led weakness spilled into Europe, where stocks were dragged lower by a broader sell-off in the sector. In commodities, gold eased as investors took profits following record highs, while copper surged to fresh all-time highs as speculative buying gathered pace. Back home, Aussie shares are set to open higher, supported by oil prices climbing to a five-month high.

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Market Close 29 Jan 26: Gold soars to fresh peaks

Thu, 29 Jan 2026 05:50:35 +0000

The Aussie market finished almost flat today, recovering from morning lows despite lingering rate hike fears. While the ASX 200 slipped for a second session, the real drama unfolded in the commodities space as gold shattered records, soaring to $5,500 per ounce. BHP continued its record run, hitting an all-time high, while Deep Yellow surged 12%. Conversely, rare earth miners like Ioneer and Lynas tumbled after reports the Trump administration may abandon price floors for critical minerals. Attention now turns to tonight's US earnings from Apple and Amazon.

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Morning Report 29 Jan 26: Fed holds rates steady

Wed, 28 Jan 2026 20:00:28 +0000

Wall Street wavered overnight, with the S&P 500 briefly topping the 7,000 mark before pulling back as investors looked ahead to the Fed decision and big tech earnings. Meanwhile, US Treasuries fell and equities struggled for direction after the Fed held rates steady. Elsewhere, European shares slipped, weighed down by weakness in luxury stocks. Commodities saw oil prices hover near four-month highs, while gold surged past US$5,300 for the first time. Locally, Aussie shares are expected to edge lower amid renewed rate hike jitters.

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Market Close 28 Jan 26: Market slides on rate hike fears

Wed, 28 Jan 2026 05:41:43 +0000

The Aussie market’s winning streak snapped today as hotter-than-expected inflation data fueled fears of a February rate hike. With core inflation hitting 3.4%, markets are now pricing in a 70% chance of an RBA move next Tuesday, sparking a sell-off in Retail and Tech stocks. Despite the gloom, BHP hit a record all-time high, cementing its position as Australia's most valuable company, while the Aussie dollar cracked 70 US cents for the first time in nearly three years. Energy stocks also sparkled, led by a 3% lift for Woodside following a production beat. Attention now turns to the US Fed decision tonight and a massive slate of tech earnings including Meta and Microsoft.

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Morning Report 28 Jan 26: S&P 500 closes in on record high

Tue, 27 Jan 2026 19:55:08 +0000

Wall Street pushed to fresh records, with the S&P 500 hitting new highs on solid corporate earnings as the US dollar slid to a four-year low. Upcoming results from the Magnificent Seven are expected to test the rally, while Medicare rate changes are weighing on health insurers. Meanwhile, US bond yields were mixed ahead of an expected pause in Fed rate cuts. In the commodities market, oil futures surged as winter storms disrupted US production. Back home, Aussie shares are expected to rise for a fourth straight session ahead of key inflation data, while the Aussie dollar climbed to a three-year high as the greenback rout deepened.

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Market Close 27 Jan 26: BHP reclaims top spot

Tue, 27 Jan 2026 05:44:07 +0000

The Aussie market surged to a three-month high, driven by a powerful mining rally and Wall Street momentum. BHP reclaimed its title as Australia’s most valuable company from CBA, hitting a two-year high as safe-haven demand pushed gold past $5,100 and silver to record peaks. 10 of 11 sectors lifted, however DroneShield tumbled 6% on pipeline concerns despite record revenues. All eyes now pivot to tomorrow's critical inflation data, with markets pricing a 60% chance of a February RBA rate hike. US tech earnings from Meta, Microsoft, and Apple add to a high-stakes week as the ASX targets 9,000 points.

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Morning Report 27 Jan 26: US dollar drops while gold tops $5,000 as stocks rise

Mon, 26 Jan 2026 19:55:05 +0000

Wall Street extended gains, with the S&P 500 and Nasdaq rising for a fourth straight session ahead of mega-cap earnings and the upcoming Fed decision. Elsewhere, US bond yields edged lower as investors assessed demand, while European shares finished higher, led by bank stocks with earnings in focus. In commodities, oil prices dipped as traders weighed a US coal snap and the resumption of supply from Kazakhstan, while gold surged to a fresh record above $5,100 on heightened geopolitical demand. Back home, Aussie shares are expected to reopen higher on Tuesday, supported by soaring precious metals.

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Market Close 23 Jan 26: Life360 soars, gold miners hit record highs

Fri, 23 Jan 2026 05:56:21 +0000

The Aussie market capped a volatile week with a modest gain, as record-breaking gold prices and a tech surge offset weakness in the banking sector. Gold miners remained the standout story, with Evolution, Westgold, and Genesis hitting all-time highs as the precious metal tracked toward its strongest weekly gain since 2020. However, the day’s top performer was Life360, which skyrocketed 27% after hiking profit targets following record user growth. Guzman y Gomez also climbed 4% on an exclusive delivery deal with Uber. Looking ahead, a holiday-shortened week looms with the market closed Monday, followed by a high-stakes local inflation update and earnings from US giants Apple and Microsoft.

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Morning Report 23 Jan 26: Stocks climb on resilient US economy

Thu, 22 Jan 2026 19:54:17 +0000

Wall Street pushed toward record highs after tariff tensions eased and fresh data reinforced the resilience of the US economy. Meanwhile, US Treasury yields edged lower as solid employment and spending figures bolstered expectations that the Federal Reserve can stay on hold. Elsewhere, European shares rebounded after Donald Trump walked back tariff threats linked to Greenland. In commodities, oil slid 2% as Trump softened his stance on Greenland and Iran, while gold extended its record-setting rally, topping US$4,900 an ounce. Back home, Australian shares are expected to open flat ahead of the Australia Day long weekend.

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Market Close 22 Jan 26: Surprising Aussie jobs growth lifts rate‑hike risk

Thu, 22 Jan 2026 05:45:00 +0000

The ASX200 nudged up about 0.8 per cent after a choppy session, driven by US markets rallying on President Trump’s withdrawal of European tariff threats and a surprise boost in Australian employment. 65,200 jobs were added in December, lifting the market’s view of a February rate rise to roughly 60 per cent. Materials and tech led the losers, while energy, financials and miners showed gains. Looking ahead, the RBA’s Feb 3 meeting, US PCE inflation data and the Bank of Japan’s rate decision are set to shape market direction.

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Morning Report 22 Jan 26: Wall Street rebounds from ‘Sell America’ sell-off

Wed, 21 Jan 2026 19:50:06 +0000

Wall Street staged a cautious recovery after Donald Trump ruled out using force to acquire Greenland. In corporate news, Intel's shares jumped to their highest level since early 2022, while Netflix's shares fell on a tepid outlook. Meanwhile, US bond yields dipped after a recovery in Japanese government bonds. In commodities, oil prices edged higher as investors assessed a force majeure at a major Kazakh oilfield, while gold broke above US$4,800 an ounce. Back home, Aussie shares are expected to snap a three-day losing streak ahead of key jobs data.

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Market Close 21 Jan 26: Local stocks sink for third day

Wed, 21 Jan 2026 05:53:31 +0000

The Aussie market slipped for a third day as escalating US-Europe trade tensions sparked global jitters. While a heavy Wall Street sell-off pressured Financials and Tech, the ASX 200 showed resilience as Materials and Energy sectors rallied. Gold and silver hit fresh record peaks, fueling surges in Northern Star, Evolution, and Westgold, while Paladin Energy jumped 13% on a strong quarterly update. However the banks dragged the index lower, led by a 2.2% fall in CBA. A major highlight was Australian Strategic Materials, which skyrocketed 118% following a US takeover bid. Looking ahead, local jobs data, a wave of quarterly reports from Fortescue and Santos, and Trump’s appearance at Davos all shape the next 24 hours.

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Morning Report 21 Jan 26: 'Sell America' trade wipes out S&P 500’s 2026 gains

Tue, 20 Jan 2026 19:51:59 +0000

Wall Street slid to a three-week low as the Greenland dispute sparked a global sell-off, with the 'Sell America' trade erasing the S&P 500’s 2026 gains. Long-dated US bonds fell on fresh tariff threats from Donald Trump, while Japanese markets also sold off. Across Europe, shares ended lower after Trump flagged tariffs on French wine and champagne. In commodities, gold surged to a record above US$4,700 an ounce and back home, Aussie shares are expected to fall on Wednesday as renewed rate-hike jitters spook investors.

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Market Close 20 Jan 26: Worst day in over a month for Aussie stocks

Tue, 20 Jan 2026 05:41:54 +0000

The Aussie market slipped for a second day as global investors braced for a volatile US reopening following President Trump’s latest tariff threats regarding Greenland. Materials and Financials led the declines, with BHP weighed down by rising project costs despite record production, and ARB tumbling 12% on a profit downgrade. In contrast, Utilities found support through Origin Energy, which delayed its Eraring plant closure to bolster supply stability, while Hub24 and Telix Pharmaceuticals gained on positive corporate news. Precious metals remained a standout as gold and silver hit fresh record highs amid ongoing geopolitical tensions. Looking ahead, the return of US trade, Netflix earnings, and a wave of local quarterly reports from Northern Star and Evolution all shape the next 24 hours.

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Morning Report 20 Jan 26: Stocks sink as US-Europe turmoil boosts gold demand

Mon, 19 Jan 2026 19:51:26 +0000

European stocks posted their biggest drop in two months after US President Donald Trump threatened additional tariffs over Greenland, rattling risk sentiment. With Wall Street closed for the Martin Luther King Jr. holiday, attention turned to commodities, where gold and silver surged to record highs on safe-haven demand tied to the Greenland dispute, while iron ore slid to a two-week low amid renewed concerns over China’s property sector. Back home, Aussie shares are expected to open lower on Tuesday, with BHP’s results in focus.

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Market Close 19 Jan 26: Winning streak ends ahead of US holiday

Mon, 19 Jan 2026 05:45:00 +0000

The ASX200 fell about 0.3% to close 29 points lower after a five day rally, hit by mixed Chinese data that met growth targets but showed weakening retail and property trends. Materials and energy stocks lifted modestly, while banks and tech fell. Upcoming events include US MLK holiday, European futures, Australian jobs data and key earnings releases.

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Morning Report 19 Jan 26: Markets on edge as Trump threatens further tariffs

Sun, 18 Jan 2026 19:43:05 +0000

Global markets are on edge after Donald Trump vowed fresh tariffs tied to Greenland, with Wall Street ending little changed on Friday ahead of the long US holiday weekend. Across the Atlantic, European shares closed subdued, weighed down by weakness in luxury stocks. In commodities, oil prices settled higher as the US entered the holiday period, while gold slid more than 1% on profit-taking. Back home, Australian shares are expected to open flat on Monday.

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Market Close 16 Jan 26: ASX posts longest winning streak in eight months

Fri, 16 Jan 2026 05:48:11 +0000

The ASX200 rose about half a percent to just above 8,900, its best week in four months, driven by financials and consumer discretionary while tech and utilities slipped. Energy fell after oil prices dropped on eased US-Iran tension. Top gainers were Catalyst Metals and DroneShield. Look out for Aussie jobs, RBA meeting and US inflation data next week.

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Morning Report 16 Jan 26: Wall Street rebounds as TSMC sparks chip rally

Thu, 15 Jan 2026 19:44:22 +0000

Wall Street rebounded overnight as TSMC ignited a rally in chipmakers, lifting tech heavyweights while small caps continued to outperform. Goldman Sachs traders also notched a record-breaking performance. In Europe, shares climbed to fresh record highs, led by gains in technology and financial stocks. In commodities, oil slid 4% after comments from Donald Trump eased concerns over Iranian supply, while gold edged lower as stronger US jobs data boosted the US dollar. Back home, Aussie shares are expected to open flat after four consecutive sessions of gains.

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Market Close 15 Jan 26: Four‑day winning streak for Aussie shares

Thu, 15 Jan 2026 05:45:00 +0000

The ASX200 logged a fourth consecutive day of gains, up about 1.5% this week and 1.6% month‑to‑date, while the materials sector led with an 8% YTD rise and a 1% daily boost. Tech slipped 2.2% and Aussie Broadband fell 4.5%. BHP rallied 8% as its gap with CBA closed, and lithium miners surged, highlighted by Liontown’s 42% YTD jump. Looking ahead, US earnings, job‑less‑claims data, manufacturing figures and dividend‑paying ETFs will shape market sentiment.

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Morning Report 15 Jan 26: Wall Street revives big-to-small stock rotation

Wed, 14 Jan 2026 19:42:41 +0000

Wall Street slipped as mixed results from big banks weighed on sentiment, while tech stocks retreated on renewed concerns over Nvidia’s chip outlook. Travel stocks also came under pressure as the US flagged plans to cancel certain holiday visas. In Europe, shares closed at record highs on Wednesday. In commodities, oil climbed on Iranian supply concerns, while copper, gold and silver surged to all-time highs. Back home, Aussie shares are expected to edge higher on Thursday, supported by strength in the mining sector.

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Market Close 14 Jan 26: Aussie market hovers near two‑month high

Wed, 14 Jan 2026 05:45:00 +0000

The ASX200 barely moved, up 0.7 points and still near a two‑month high, about 3.3 % below last year’s record. Materials hit a fresh all‑time high (+0.9 %), while energy rose 2.3 % on oil gains. Financials fell 1.7 % led by CBA. Softer US inflation leaves the Fed likely to hold rates, with its decision and major US bank earnings later this week, and Australian jobs data due Thursday.

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Morning Report 14 Jan 26: US stocks wipe out CPI-fuelled gains

Tue, 13 Jan 2026 19:50:19 +0000

Wall Street fell as a warning from JPMorgan over a proposed credit card rate cap weighed on financial stocks, while US bond yields moved lower after inflation data. Elsewhere, European shares slipped as investors digested a mixed bag of corporate updates. In commodities, oil jumped on the risk of Iranian supply disruptions, while gold hit a record high as softer inflation reinforced expectations of Federal Reserve rate cuts. Back home, Aussie shares are expected to open flat on Wednesday after the ASX 200 closed at two-month highs.

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Market Close 13 Jan 26: ASX posts best day in three weeks

Tue, 13 Jan 2026 05:45:00 +0000

The ASX200 was up about 0.7 % by early afternoon, led by a 2 % jump in the materials sector which hit a record high as gold and silver surged to fresh peaks. Financials and real estate added modest gains while energy and consumer staples slipped. US indexes closed at record levels, reinforcing global optimism. Upcoming focus includes US inflation data, the Fed’s Jan 28 rate decision, the start of earnings season and Australian job‑vacancy figures.

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Morning Report 13 Jan 26: Wall Street stages cautious rebound amid Fed angst

Mon, 12 Jan 2026 19:45:07 +0000

Wall Street staged a cautious rebound amid ongoing Fed angst, with the S&P 500 touching a fresh record high, led by gains in retail giant Walmart. US banks lagged after a proposed rate cap reignited regulatory concerns, while the US dollar slipped following reports the Justice Department has subpoenaed Fed Chair Jerome Powell. Elsewhere, European shares endured a choppy session but still closed at record highs. In commodities, oil prices held near five-week highs as investors weighed developments in Iran and Venezuela, while gold surged to a new all-time high, a move likely to support Aussie shares on Tuesday.

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Market Close 12 Jan 26: ASX climbs as US rallies and commodities support

Mon, 12 Jan 2026 05:51:40 +0000

The ASX200 lifted about half of one percent in afternoon trade today, with the market up roughly three‑quarters of one percent at its peak. US equities posted a 1.8 % YTD gain and new‑record highs, while gold miners such as Newmont and Remelius rose over five percent on firm metal prices. Consumer discretionary led sector gains, up more than two percent, as the market looks ahead to February’s Australian earnings reports and the US inflation releases and earnings season that could shape momentum.

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Morning Report 12 Jan 26: S&P 500 ends Friday at another record close

Sun, 11 Jan 2026 19:52:21 +0000

US shares finished the first week of the year higher, led by gains in materials and chipmaker stocks, while US Treasuries ended mixed following the latest jobs data. Elsewhere, European markets closed at record highs after Glencore surged on takeover interest from Rio Tinto. In commodities, oil prices rose as traders assessed potential supply risks from Iran and Russia, while gold prices advanced following a softer-than-expected US payrolls report and ongoing geopolitical uncertainty. Back home, Aussie shares are set to open higher as investors look ahead to the Black Friday spending test.

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Market Close 19 Dec 25: The year draws to a close

Fri, 19 Dec 2025 05:55:43 +0000

Steve and Laura reflect on the final trading session of 2025, which saw the Aussie market push higher to cap off a third consecutive year of gains. While the final week of trade was relatively subdued, a boost from the Technology and Financial sectors helped the benchmark index finish the year up nearly 6%. Reflecting on 2025, it was a massive year for the Materials sector, which surged 28% behind record-breaking runs in gold and silver, contrasting with a difficult period for Healthcare. Individual standouts included DroneShield, which finished as the year’s top performer, while HMC Capital and Bapcor were among those facing significant headwinds. Looking ahead, quarterly inflation data, central bank pivots from the RBA and the Fed, and the February reporting season all shape the outlook for the start of 2026.

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Morning Report 19 Dec 25: Wall Street gains as inflation hits a four-year low

Thu, 18 Dec 2025 19:49:14 +0000

US stocks climbed while Treasury yields eased after inflation came in lower than expected. Micron surged on an upbeat outlook as the AI boom fuels demand for memory chips, while activist investor Elliott is reportedly building a $1 billion stake in Lululemon. In central bank news, the Bank of England cut interest rates following a tight vote. In the commodities market, gold hovered near record highs. Back home, Aussie shares are expected to cap off the final full trading week of 2025 on a strong note.

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Market Close 18 Dec 25: Energy stocks weigh as the ASX treads water

Thu, 18 Dec 2025 05:44:17 +0000

A subdued and underwhelming session for the Aussie market, with stocks hovering around flat levels late in the day as energy names did most of the damage. Steve and Laura unpack weakness in Woodside after CEO Meg O’Neill announced her departure to take the top job at BP, mixed moves across the banks with CBA providing some support, and sharp falls among uranium stocks following a shock update from Boss Energy. There were brighter spots, including Bapcor jumping on a CEO change and Austal lifting after securing a $1 billion defence contract. Looking ahead, key US inflation data and several major central bank decisions are due in the next 24 hours.

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Morning Report 18 Dec 25: Wall Street hit by tech rout as AI winners tumble

Wed, 17 Dec 2025 19:50:57 +0000

Wall Street fell as technology stocks retreated, with the Oracle–Blue Owl decoupling unsettling markets ahead of a looming wave of debt issuance. US Treasuries also slipped after dovish remarks from Fed Governor Christopher Waller. In commodities, silver surged to a record high above US$66 an ounce, while lithium prices jumped in China on plans to revoke mining licences. Back home, Aussie shares are expected to fall for a fourth straight session amid renewed rate-hike concerns.

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Market Close 17 Dec 25: Third straight day of declines

Wed, 17 Dec 2025 05:45:00 +0000

The ASX200 slipped about 0.2% for a third straight session, leaving the week down roughly 1.3%. Materials led gains, up 1.6% driven by Liontown (+12%) and IGO, while gold rose 4% on strong prices. Energy fell 1.4% as oil hit a five‑year low. US job growth slowed and unemployment hit 4.6%, trimming market expectations for an early Fed rate cut. Upcoming data includes US crude inventories, US jobs and retail figures, plus Australian population and national‑account releases, and AGMs for ANZ and Elders.

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Morning Report 17 Dec 25: US equities and Treasury yields fall after jobs data

Tue, 16 Dec 2025 19:50:55 +0000

US share markets slipped on Tuesday, with the S&P 500 weighed down by healthcare stocks as investors digested distorted economic data. The US dollar fell after delayed data pointed to softer jobs growth, while energy stocks sank as oil slipped below $60 a barrel amid Russia–Ukraine talks. European equities also retreated, led by sharp declines in defence stocks. Back home, Aussie shares are expected to fall for a third straight session ahead of the mid-year economic update.

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Market Close 16 Dec 25: Investors await key US job data

Tue, 16 Dec 2025 05:45:00 +0000

The ASX200 closed down 0.4% for a second straight session, led by energy off 2.3% and tech off 2.5% for a seventh day. DroneShield surged 22% after winning a €50 million European contract, while Orica rose 2.5% on strong explosives demand. Investors look ahead to US retail, jobs, manufacturing and inflation data, plus upcoming dividend payouts.

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Morning Report 16 Dec 25: Wall Street subdued as investors brace for busy week of data

Mon, 15 Dec 2025 19:55:58 +0000

Wall Street was subdued as investors brace for a busy week of jobs data, with US stocks edging lower while Treasuries firmed as the Fed rate debate continued. In company news, Tesla shares pushed toward a record high for the first time this year, while ServiceNow fell as analysts weighed the merits of its Armis acquisition. In commodities, oil prices slipped as the broader supply outlook offset disruptions to Venezuelan flows, copper rose on a weaker US dollar, and gold climbed to a seven-week high. Back home, Aussie shares are expected to fall ahead of consumer confidence data.

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Market Close 15 Dec 25: Worst ASX day in three weeks

Mon, 15 Dec 2025 05:45:00 +0000

The ASX200 fell 62 points, about 0.7%, its worst day in three weeks. The materials sector led losses, down 2.2% on dropping copper and iron ore prices and weaker Chinese data, with BHP and Rio pulling the market down. DroneShield bucked the trend, up roughly 10.5%. Investors now focus on US manufacturing, jobs and inflation releases, upcoming Fed speeches and the RBA’s Brad Jones address later today.

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Morning Report 15 Dec 25: US stocks drop as AI exuberance worries linger

Sun, 14 Dec 2025 19:48:08 +0000

US stocks fell as concerns over AI exuberance resurfaced, with Broadcom sliding amid margin worries, while Lululemon rallied after raising its annual profit outlook. Meanwhile, US government bond yields rose after Fed officials warned of lingering inflation pressures. Elsewhere, European shares also retreated as a risk-off mood spilled into commodities. Back home, Aussie shares are expected to open the week lower, snapping their longest winning streak since August.

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Market Close 12 Dec 25: Second week of gains for ASX

Fri, 12 Dec 2025 05:59:46 +0000

The Aussie market posted its best gain in three weeks, making it a third consecutive positive week, as global rate cut expectations and soaring commodity prices drove strong performance. Stevie and Laura review a volatile week that ended on a high note, with the benchmark index up 1.2% for the day. The Materials sector was the clear standout, lifting 2% to hit an all-time high, driven by gold and copper climbing to record prices following the US Federal Reserve's rate cut. The biggest individual gainers included several gold and uranium miners, while losers included Metcash, which traded ex-dividend, and shipbuilder Austal. Looking ahead, the final full week of trade brings important interest rate decisions from the European Central Bank, the Bank of England, and the Bank of Japan, alongside key US jobs and inflation data.

📺 Stay updated with the key factors that could influence the Australian and US share markets in 2026 with our 2026 Market Outlook.

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Morning Report 12 Dec 25: Stock traders buy the dip on an Oracle-driven slump

Thu, 11 Dec 2025 19:55:30 +0000

The Dow Jones jumped 600 points to a record high as an Oracle-led slide in AI names triggered a broader rotation out of the trade. Elsewhere, Walt Disney announced a $1 billion investment in OpenAI while fertiliser stocks climbed as Ukraine struck Russian fertiliser plants. At the same time, US Treasuries fell for a second straight session following the Fed’s statement and jobless claims posted their biggest rise since March 2020. In commodities, silver hit an all-time high, and copper climbed to a fresh record after the Fed’s rate cut. Back home, Aussie shares are expected to jump on China stimulus hopes.

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Market Close 11 Dec 25: First lift of the week for Aussie stocks

Thu, 11 Dec 2025 05:51:52 +0000

Stevie and Laura unpack a busy Thursday where the ASX jumped early on a US Fed rate cut, only to lose steam after a mixed local jobs report. The market still closed slightly higher, helped by gains in materials and real estate, while tech and healthcare dragged. Scentre Group was one of the standout performers after interest emerged in a potential stake sale at Westfield Sydney, Flight Center jumped on upgraded profit expectations following its UK cruise acquisition, and Myer surged on record Black Friday sales. On the weaker side, IAG slipped after the ACCC knocked back its planned WA insurance purchase.

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Morning Report 11 Dec 25: US Fed cuts rates and projects one more cut in 2026

Wed, 10 Dec 2025 19:59:28 +0000

The US Federal Reserve has cut interest rates and has signalled one more reduction in 2026. In company news, GE Vernova surged as AI-driven demand supported higher dividends and buybacks, while Amazon’s growing grocery momentum pressured shares of Instacart and DoorDash. In commodities, oil rose after the Trump administration seized oil tankers off the Venezuelan coast, and copper and iron ore rebounded on China stimulus hopes. Back home, Aussie shares are expected to open higher ahead of key jobs data.

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Market Close 10 Dec 25: Investors await US interest rate decision

Wed, 10 Dec 2025 05:45:00 +0000

The ASX200 edged lower, about 0.1% down, marking a 0.6% weekly decline. The RBA left rates unchanged and the US Fed decides tomorrow, keeping markets cautious. Materials rose 1.3% while tech fell 1.5% and financials slipped 0.4%. Silver hit $60/oz and gold gained, lifting their sub‑indexes. Investors watch the Fed announcement, Australian Job Standard data and China’s upcoming policy meeting.

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Morning Report 10 Dec 25: Stocks and bonds waver in countdown to Fed decision

Tue, 09 Dec 2025 19:44:52 +0000

Wall Street opened cautiously, with US stocks and bonds fluctuating ahead of the Federal Reserve’s policy decision, while Treasury yields pared earlier declines after stronger-than-expected jobs data. In corporate news, Ray-Ban maker EssilorLuxottica closed lower as Google revealed plans for AI-powered glasses, and Donald Trump has approved Nvidia’s shipment of H200 chips to China. In commodities, iron ore extended its losses as supply from the Simandou project ramps up. Back home, Aussie shares are set to rise on Wednesday after the RBA takes rate cuts off the table for now.

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Market Close 09 Dec 25: Rate hikes ahead?

Tue, 09 Dec 2025 05:50:31 +0000

The ASX200 slipped about 0.5 % to under 8 600 points, with every sector in the red. Tech off 1.3 %, mining down 0.5 % and energy down 1 % after oil fell. The RBA left rates unchanged, shifting market focus to a 2026 hike. Look out for Thursday’s jobs numbers, January CPI and US Fed cut, plus quarterly ASX index rebalance.

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Morning Report 09 Dec 25: ASX to open lower as the RBA is expected to hold

Mon, 08 Dec 2025 19:51:44 +0000

Wall Street slipped overnight as U.S. Treasury yields climbed to multi-month highs, with investors sharpening their focus on the Federal Reserve. In corporate news, Paramount ratcheted up its battle for Warner Bros. with a hostile bid. In commodities, oil eased as Iraqi oilfield production returned to service, gold edged lower as traders grew cautious ahead of the FOMC meeting, and iron ore declined amid weakening demand signals from China. Back home, Aussie shares are set to open lower on Tuesday, with the RBA widely expected to keep rates on hold.

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Market Close 08 Dec 25: Markets brace for interest rate decisions

Mon, 08 Dec 2025 05:46:28 +0000

The ASX200 opened flat, slipping about 0.1 % as investors await the RBA’s rate decision and the Fed’s expected cut. Mining and energy retreated after last week’s gains, while telecom led the market up 1 %. China’s export data and upcoming policy meeting add further focus, and lithium miners remain a bright spot.

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Morning Report 08 Dec 25: US stocks hold gains as Fed countdown begins

Sun, 07 Dec 2025 19:42:11 +0000

US stocks held onto gains as the Fed countdown began, with the S&P 500 quietly rebounding to near a record high. In company news, Netflix slipped on a bumper deal with Warner Bros, while Ulta Beauty beat expectations ahead of the holiday sales period. Meanwhile, US Treasury yields edged higher following cooler PCE inflation data. In commodities, silver hit a record high on Fed rate-cut optimism, while oil prices held steady amid stalled Ukraine peace talks. Back home, Aussie shares are expected to open lower ahead of the RBA’s interest rate decision.

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Market Close 05 Dec 25: Aussie market extends winning streak

Fri, 05 Dec 2025 06:01:09 +0000

Stevie and Laura wrap up a quiet first week of December, with the ASX managing a small lift to notch its fourth straight day of gains. Investors worked through mixed local data, including softer GDP but a surprisingly strong jump in household spending has kept rate expectations in focus. Lithium miners were standouts on upgraded demand forecasts, Premier Investments weighed on consumer discretionary after flagging softer earnings, and NextDC climbed after striking a major data centre deal with OpenAI. With the RBA’s decision on Tuesday, the US Fed on Thursday, and key inflation and jobs data on the way, markets are bracing for a big week ahead.

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Morning Report 05 Dec 25: ASX set to open higher, S&P 500 nears all-time highs

Thu, 04 Dec 2025 19:42:16 +0000

Wall St was little changed overnight as traders absorbed mixed US labour data and strengthened expectations for a Fed rate cut next week, while small caps hit new highs and nuclear energy stocks rallied. Industrials and communication services helped keep the S&P 500 near record levels, bond yields ticked higher, and European markets rose on improved risk appetite. Locally, the ASX is set to open higher after miners hit fresh record highs, supported by copper strength, with oil, gold and iron ore all firmer ahead of key US inflation data.

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Market Close 04 Dec 25: Miners crack fresh record high

Thu, 04 Dec 2025 05:46:40 +0000

The Aussie market scraped out a third straight day of gains, but only just, with materials once again doing all the heavy lifting as copper hit another record and pushed BHP, Rio Tinto and South32 higher. A stronger than expected jump in October spending kept rate chatter alive, knocking property trusts and retailers lower as markets briefly toyed with the chance of an extra hike next year. Energy edged higher on firmer oil, BetMakers popped on a new wagering deal, Nuix announced an AI-powered acquisition, while both Regis Resources and Regis Healthcare stocks finished weaker and Vulcan Energy slid after a major capital raise.

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Morning Report 04 Dec 25: Wall Street looks past tech drop amid Fed cut bets

Wed, 03 Dec 2025 19:41:49 +0000

Wall Street advanced on Wednesday as weak ADP jobs data bolstered rate-cut hopes, while US Treasuries gained on signs of labour-market softness. The technology sector ended broadly lower, with Microsoft slipping on reports of weaker demand for some AI tools, though Microchip bucked the trend with a strong jump after an upbeat earnings forecast. In commodities, oil prices climbed as Moscow peace talks failed to gain traction, while copper and silver hit fresh record highs. Back home, Aussie shares are set to edge higher on Thursday ahead of key household spending data.

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Market Close 03 Dec 25: Choppy trade as economic growth surprises

Wed, 03 Dec 2025 05:49:32 +0000

The ASX200 barely moved, up only five points, after September quarter GDP showed 0.4 % growth versus the expected 0.7 %. The modest rebound faded as investors eyed US data. November ADP jobs, industrial production and the Fed’s December dot plot. Plus, the RBA’s 2026 rate outlook. Energy and health lagged, while iron ore miners slipped on Vale’s demand downgrade.

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Morning Report 03 Dec 25: US stocks lift as bitcoin rallies after sell-off

Tue, 02 Dec 2025 19:54:10 +0000

US stocks found their footing on Tuesday, lifted by a bitcoin rally after a sharp sell-off. Treasury markets also found firmer ground as traders evaluated the latest signals from the Federal Reserve. In company news, Boeing flew higher on stronger delivery plans, and MongoDB surged after raising its forecast. Gains were tempered, however, by weakness in paper and packaging companies, which weighed on the materials sector. In commodities, gold retreated on profit-taking, oil prices eased amid uncertainty over Russia-Ukraine peace talks, and iron ore advanced on Chinese infrastructure demand. Looking ahead, Aussie shares are poised to edge higher on Wednesday ahead of economic growth data.

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Market Close 02 Dec 25: Resource stocks keep ASX positive

Tue, 02 Dec 2025 05:45:00 +0000

Steve and Laura report a modest rise in the ASX200, buoyed by energy and mining gains, while other sectors lagged. US markets have been relatively weak, yet commodity prices pushed Australian shares higher, with oil and gold hitting fresh highs. Look out for tomorrow’s Australian Q3 growth figures and a big US earnings cycle that could test the rally.

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Morning Report 02 Dec 25: Stock rally pauses as crypto sector takes a hit

Mon, 01 Dec 2025 19:49:49 +0000

Wall Street slipped overnight as rising bond yields and weakness in crypto-exposed stocks weighed on sentiment. US Treasuries also declined, with fresh corporate debt issuance adding pressure after Japan’s bond sell-off last week. Still, Black Friday and Cyber Monday sales helped lift major US retailers. Elsewhere, European markets kicked off December on the back foot, dragged lower by a slide in Airbus. In commodities, oil rose more than a dollar a barrel after OPEC’s latest move, while silver hit a record high as growing rate-cut expectations pressured the US dollar. Back home, Aussie shares are set to open higher, with Collins Foods earnings in focus.

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Market Close 01 Dec 25: Markets brace for weak US start to month

Mon, 01 Dec 2025 05:45:00 +0000

The ASX200 was down about 0.6% as US futures pointed to a softer start, with the Nasdaq futures dropping around 0.75% and the Dow about 0.5%. Energy shares were the only sector in the green, up roughly 0.5%, while health, financials, tech and real estate all fell. An ASX technical glitch halted 80 stocks, most notably Metcash, which slid 9.2%. Investors will watch the Wednesday update on three‑month Aussie growth, US jobs and inflation data, and the Fed decision due on 10‑11 December.

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Morning Report 01 Dec 25: Wall Street ends higher as CME outage disrupts global trading

Sun, 30 Nov 2025 19:49:08 +0000

Wall Street edged higher on Friday as a CME outage disrupted global trading for several hours. The S&P 500 notched its biggest weekly advance since May while the Nasdaq broke its seven-month winning streak in November. Meanwhile, US government bond yields also lifted on expectations of heavy corporate debt issuance. In commodities, OPEC stuck with plans to halt production increases in the March quarter of 2026, and gold surged more than 5% over the month. Back home, Australia is set for a steady start to trade after its worst November since 2014, while home prices hit fresh record highs.

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Market Close 28 Nov 25: Worst month since March for Aussie stocks

Fri, 28 Nov 2025 05:52:37 +0000

The ASX200 closed essentially flat, down only three points, after a volatile November that saw the index fall about three percent for the month but climb 2.4 percent this week, snapping a four‑week losing streak. Rate‑cut hopes were dented by hotter‑than‑expected inflation, while sector performance was mixed. Tech, finance and property fell, but healthcare, consumer staples and WiseTech rose. Upcoming drivers include the OPEC+ meeting, Black Friday sales and Australian economic data on building approvals and September‑quarter growth.

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Morning Report 28 Nov 25: Global stocks hold steady after a four-day rally

Thu, 27 Nov 2025 19:45:37 +0000

US financial markets are closed for the Thanksgiving holiday on Thursday, while European stocks are heading for a muted finish to November. Bitcoin topped 90,000 on shifting sentiment, and China’s ANTA Sports is reportedly weighing a potential bid for Puma. In commodities, gold slipped from two-week highs while iron ore inched higher on a softer US dollar. Back home, Aussie shares are expected to open lower, snapping a four-day winning streak.

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Market Close 27 Nov 25: Aussie stocks rise for fourth day

Thu, 27 Nov 2025 05:45:00 +0000

ASX200 was flat after a 0.4% rise early, keeping a 2.3% weekly gain and ending a four week losing streak. Tech stocks outperformed, up about 2%, while energy fell 1.3% on oil price drops ahead of the OPEC meeting. With US markets closed for Thanksgiving, focus shifts to European cues and the upcoming Black Friday Cyber Monday retail surge.

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Morning Report 27 Nov 25: Wall Street rally driven by turkey and interest-rate hopes

Wed, 26 Nov 2025 20:01:16 +0000

Technology stocks continued to lift Wall Street, helping the market recover ground lost in last Thursday’s sell-off as falling bond yields supported sentiment. The Philadelphia Semiconductor Index jumped nearly 3%, while Dell Technologies rose 6% on strong data-centre demand. Elsewhere, Robinhood shares surged 10% on acquisition developments, whereas John Deere slipped on a grim agriculture outlook. Back home, futures point to gains ahead of today’s business investment data.

Farewell, Tom! Your market insights and sharp sense of humour will be greatly missed.

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Market Close 26 Nov 25: Hot inflation rattles Aussie markets

Wed, 26 Nov 2025 05:45:00 +0000

The ASX200 closed up about 0.7%, marking three consecutive days of gains and a weekly rise of roughly 2.2% after last week’s 2.5% slump. Hotter‑than‑expected inflation (headline 3.8%, core 3.3%) pushed RBA rate‑cut odds down to 24% for May. Materials, health and consumer stocks led the upswing while tech, telcos and utilities fell. Zip jumped 7% and DroneShield 8% after a European defence contract; Temple & Webster slumped 33% on a weak trading update. Looking ahead, US inflation, jobless claims and durable‑goods data, plus the RBNZ, UK budget and Beige Book, will shape market sentiment.

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Morning Report 26 Nov 25: US stocks rally on increased hopes for a December rate cut

Tue, 25 Nov 2025 20:02:46 +0000

Wall Street extended its rebound overnight as investors looked ahead to the Thanksgiving holiday and grew more confident in a December rate cut. US Treasury yields eased, with the 10-year slipping below 4% as Hassett emerged as the frontrunner for the Fed’s top job. In stocks, Nvidia fell as its rivalry with Google intensified, while Abercrombie's stock surged despite a general retail pullback. In commodities, oil declined as ongoing Ukraine–Russia talks raised expectations of improved supply. Back home, Aussie shares are expected to extend gains on Wednesday, with key inflation data and New Zealand’s rate decision in focus.

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Market Close 25 Nov 25: ASX takes breather after biggest lift in 4 months

Tue, 25 Nov 2025 05:57:05 +0000

The Aussie market caught its breath today after yesterday’s strong rebound. We traded in a tight range for most of the session and finished up a touch, enough to make it two days of gains. Miners did the heavy lifting, rising about 1.7% thanks to firmer iron ore and stronger gold prices, while financials slipped roughly 0.7%. Bendigo and Adelaide Bank tumbled more than 7% after flagging deficiencies in money-laundering risk systems while on the other hand, Webjet impressed with record results and lifted 9%. Tonight is packed with US economic data, and tomorrow’s local inflation numbers at 11:30 a.m. will be the major focus, with headline annual inflation expected to push towards 3.9%.

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Morning Report 25 Nov 25: Stocks push higher on rising rate cut expectations

Mon, 24 Nov 2025 19:55:07 +0000

Wall Street surged overnight as technology stocks powered higher and rate-cut optimism strengthened, with bond yields falling after dovish comments from Fed officials. Elsewhere, Broadcom joined Alphabet in leading the AI-driven rally, while Novo Nordisk slipped on disappointing Alzheimer’s trial results. Oil and gold rose as a weaker US dollar provided support. Back home, Aussie shares are set to extend gains on rising commodity prices. Meanwhile, Trump said he plans to visit China.

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Market Close 24 Nov 25: ASX rebounds from six‑month low

Mon, 24 Nov 2025 05:47:35 +0000

The ASX200 jumped 1.3% on Monday, snapping a week of declines and lifting the index to within 6.5% of its October record high. Tech and industrial stocks led the rise, while energy fell as oil slipped. Notable moves included Qube soaring 19.5% on a $11.6 bn Macquarie offer and DroneShield edging higher despite a steep MTD loss. Investors will watch Wednesday’s inflation print, the US Fed rate decision on 10 Dec, and a busy roster of AGMs later in the week.

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Morning Report 24 Nov 25: Wall Street rallies on Friday lifted by rate-cut hopes

Sun, 23 Nov 2025 19:58:22 +0000

US stocks staged a spirited recovery following Thursday’s drubbing, helped by comments from the New York Fed governor that signalled support for interest-rate cuts. Healthcare stocks led sector gains, with Eli Lilly up 1.6%, while Nvidia climbed on renewed optimism for its China sales outlook. In commodities, oil prices ended lower on Friday, settling at one-month lows. Back home, Aussie shares are expected to rebound on Monday from five-month lows.

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Market Close 21 Nov 25: Aussie shares touch 6 month low

Fri, 21 Nov 2025 05:51:56 +0000

The Aussie market ended the week in the red, falling 1.6 percent after touching a six month low at the open, with a hotter US jobs report keeping investors on edge ahead of the Fed's December decision. Wall Street's weak lead weighed on every major sector locally, especially materials and energy, while the major banks extended their recent slide. Lovisa sank on softer like for like sales, while WiseTech was one of the few winners after reaffirming guidance at its AGM. With November now shaping up as the ASX's worst month in more than two years, attention turns to next week's backlog of US economic data and local inflation figures.

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Morning Report 21 Nov 25: ASX to drop amid volatility spike

Thu, 20 Nov 2025 20:02:29 +0000

Wall Street slumped late in the session with the S&P 500 erasing a 2% gain as Nvidia led the sector lower. Nvidia turned negative, unwinding its post-earnings rally, while Palo Alto Networks announced plans to acquire Chronosphere. Walmart lifted its outlook, and U.S. data showed solid September job gains even as the unemployment rate ticked higher. In commodities, oil dipped on renewed hopes for a Ukraine–Russia peace plan, gold fell as strong U.S. jobs data dimmed the prospects of a December rate cut, and iron ore retreated on supply-glut concerns. Back home, Aussie shares are expected to drop amid a spike in volatility, while a risk-off tone weighs on the Aussie dollar.

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Market Close 20 Nov 25: AI excitement drives gains

Thu, 20 Nov 2025 05:45:00 +0000

The ASX200 jumped 1.3% on Thursday, its best day in weeks, driven by a strong recovery in global stocks and NVIDIA’s better‑than‑expected earnings and upbeat revenue guidance, which lifted Australian tech shares about 2.4%. Energy and utilities fell modestly, while materials and real‑estate rose. Looking ahead, the market will watch US September jobs data and the Fed’s December rate‑cut odds, plus a busy roster of AGMs and an RBA Assistant Governor address.

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Morning Report 20 Nov 25: Stocks churn ahead of Nvidia’s results

Wed, 19 Nov 2025 20:00:56 +0000

Wall Street gave up early gains as investors turned cautious ahead of Nvidia’s earnings, while the latest Fed minutes showed many officials leaning against a December rate cut. Elsewhere, Alphabet shares jumped on rave reviews for its new Gemini AI model, Lowe’s beat profit estimates on strong online growth, and Target’s scaled-back outlook signalled a tougher road ahead for its incoming CEO. In commodities, oil slumped on a US inventory build while copper rebounded on supply concerns, and the US dollar climbed to a five-week high. Back home, Aussie shares are expected to edge higher ahead of a busy week of AGMs.

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Market Close 19 Nov 25: Aussie market sinks to five‑month low ahead of NVIDIA results

Wed, 19 Nov 2025 05:46:22 +0000

Australian shares slipped around 0.3% to a six month low as the ASX200 continues its recent decline while US markets fell for a fourth day and await key jobs data. Investors eye NVIDIA’s earnings as a catalyst. Energy and property trusts rose but the big banks fell 1-2%. Upcoming UK/EU inflation, US oil inventories and RBA commentary add focus.

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Morning Report 19 Nov 25: S&P 500 falls for a fourth straight day as tech slumps

Tue, 18 Nov 2025 19:58:50 +0000

Wall Street extended its losing streak, with the S&P 500 falling for a fourth straight day as investors braced for Nvidia’s high-stakes AI results. In company news, Microsoft and Nvidia announced plans to invest up to $15 billion in Anthropic, while Home Depot slipped after cutting its forecast on weaker demand. In the commodities market, oil prices steadied as traders weighed the impact of Russian sanctions. Back home, Aussie shares are expected to hover near five-month lows on Wednesday ahead of wages data, while CSL plans to invest $1.5 billion in US drug manufacturing.

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Market Close 18 Nov 25: Tech stocks crunched as market sells off

Tue, 18 Nov 2025 05:45:00 +0000

Australia’s ASX200 fell about 2 % to a five month low, the worst single‑day drop since April. Tech stocks led the sell‑off, down roughly 6 % amid US AI worries and pending NVIDIA results. Lithium miners and James Hardie bucked the trend, while the RBA kept rates at 3.6 % and markets priced a 40 % chance of a cut next May. Upcoming US data and earnings keep outlook uncertain.

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Morning Report 18 Nov 25: Tech leads Wall Street retreat ahead of Nvidia earnings

Mon, 17 Nov 2025 20:02:03 +0000

Wall Street opened the new trading week on a downbeat note as investors looked ahead to Nvidia’s earnings. HP and Dell slumped 9% on analyst downgrades, while Alphabet bucked the broader tech weakness on news related to Warren Buffett. Lithium stocks soared on an improved price outlook, though broader commodity prices eased on dollar strength. Back home, Aussie shares are expected to fall further from four-month lows ahead of today’s RBA minutes.

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Market Close 17 Nov 25: Caution ahead of NVIDIA results

Mon, 17 Nov 2025 05:47:54 +0000

The ASX200 slipped to a four‑month trough early on 17 Nov but recovered to finish flat, up two points, ending a streak of four losing days. Markets are wary ahead of NVIDIA's earnings and US rate‑cut uncertainty, while hotter Aussie jobs data and weak Chinese numbers pressure sentiment. Energy and tech lead gains; look out for NVIDIA results, RBA minutes and FED minutes this week.

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Morning Report 17 Nov 25: Wall Street wavers as interest rates cloud outlook

Sun, 16 Nov 2025 19:59:55 +0000

Wall Street ended mixed as investors weighed AI-linked earnings, with stocks recovering from early session lows ahead of Nvidia’s results. Energy names clawed back recent losses, while DoorDash rebounded after a sharp investor sell-off. Meanwhile, bond yields rose as traders questioned the likelihood of imminent Fed rate cuts. Back home, futures point to losses for the ASX 200 on Monday as investors await the release of the RBA minutes.

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Market Close 14 Nov 25: Worst week for ASX since April

Fri, 14 Nov 2025 06:49:21 +0000

The Aussie market suffered its worst day in about ten weeks on Friday, sliding 1.4% and hitting a four month low as a mix of rate concerns, weak China data and a tech sell-off pushed the ASX lower for a fourth straight session. Tech led the declines with a 4.5% drop, leaving the sector down more than 9% for the week, while the major banks also weighed heavily, including CBA which shed more than 10 percent across the past five days. Energy was the only sector to turn positive late in the day as oil prices bounced after reports of a Ukrainian drone strike on a Russian export hub. China’s latest figures added to the gloom, showing further weakness across investment, property and factory activity. Company news was limited, though Megaport tumbled after a capital raise and DroneShield rebounded slightly from yesterday’s sharp fall. Looking to next week, Nvidia’s results are set to dominate global market sentiment, alongside local wage data, RBA minutes and a busy run of AGMs.

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Morning Report 14 Nov 25: Stock rotation hits big tech as Fed clouds gather

Thu, 13 Nov 2025 19:58:57 +0000

Wall Street fell overnight as tech stocks led a broad selloff, with U.S. Treasuries also stumbling after the government shutdown ended and traders braced for renewed market swings. Cisco bucked the trend, surging after an AI-fuelled outlook beat expectations, while Walt Disney slipped on weaker cable and box office performance. In commodities, oil prices edged higher after steep losses in the previous session, while gold pared gains as rate-cut bets eased. Back home, Aussie shares are set to fall sharply after strong jobs data dampened hopes of near-term rate cuts.

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Market Close 13 Nov 25: Jobs data rocks Aussie market

Thu, 13 Nov 2025 05:45:00 +0000

The ASX200 closed about 0.6 % lower on Thursday, slipping to a three‑and‑a‑half‑month low after October jobs data dented hopes of an RBA rate cut. The market also reacted to the US House passing a spending bill and a rally, while materials and health made modest gains and tech and real estate fell. Investors now eye December RBA decision, US CPI release and earnings.

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Morning Report 13 Nov 25: Dow Jones hits all-time high before US House vote

Wed, 12 Nov 2025 19:59:37 +0000

Wall Street hit new record highs as investors welcomed the prospect of a reopened government, though gains were mixed as traders rotated out of technology stocks. AMD rallied after forecasting accelerating AI-driven sales growth, while the White House warned that October’s jobs report may never be released. Meanwhile, U.S. bonds advanced as weak labour market data boosted expectations for rate cuts. In commodities, oil prices tumbled 4% on oversupply concerns, while gold gained 2% on optimism surrounding the government’s reopening. Back home, Aussie shares are expected to snap a two-day losing streak ahead of key jobs data.

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Market Close 12 Nov 25: Investors take breather ahead of jobs data

Wed, 12 Nov 2025 05:47:48 +0000

The ASX200 slipped just over 0.1 % as about 40 % of stocks fell. CBA dropped about 3 % after a 6.5 % plunge yesterday and tech fell 3.3 %. Mineral Resources surged over 9 % on a US$765 m POSCO lithium deal, while Liontown rose 6 % and Life360 was the worst performer. Markets watch October jobs data, the next RBA meeting, ANZ’s ex‑dividend and US oil inventories, with oil at US$61 a barrel.

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Morning Report 12 Nov 25: Dow rises 500 points led by healthcare stocks

Tue, 11 Nov 2025 19:58:51 +0000

Wall Street saw mixed fortunes overnight, with the Dow rising 500 points while the Nasdaq slipped as investors rotated out of tech stocks. SoftBank sold its Nvidia stake for $5.8 billion to fund fresh AI bets, while CoreWeave cut its forecast following a delay to a major customer contract. In commodities, oil prices rose as investors weighed sanction risks, while gold flatlined as traders booked profits. Back home, Aussie shares are expected to open higher on Wednesday, supported by strength in energy stocks.

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Market Close 11 Nov 25: Major banks weigh on Aussie market

Tue, 11 Nov 2025 05:40:00 +0000

The ASX200 slipped about a tenth of a percent, held back by a 6 % drop in CBA which erased roughly 50 points. Materials led the market, with gold miners up after a 3 % jump in spot gold and lithium miners gaining on demand expectations. The US government shutdown appears near its end, easing concerns ahead of the Fed’s December rate‑cut decision. Upcoming events include RBA assistant governor Brad Jones speaking, several AGM releases and ResMed trading ex‑dividend.

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Morning Report 11 Nov 25: Stocks climb on bets US government shutdown is coming to an end

Mon, 10 Nov 2025 19:59:03 +0000

Wall Street climbed overnight, led by technology stocks, as investors celebrated the prospect of a reopened U.S. government. Chipmakers rallied as buyers went bargain hunting, while Palantir jumped as enthusiasm around the AI trade returned. Health insurers, however, retreated as Democrats signalled a compromise on Obamacare. In commodities, gold rose 2% on renewed rate-cut hopes, and copper advanced on optimism over a potential end to the government shutdown. Back home, Aussie shares are expected to edge higher on Tuesday ahead of the Commonwealth Bank’s earnings results.

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Market Close 10 Nov 25: Best day in 3 weeks for Aussie stocks

Mon, 10 Nov 2025 05:50:01 +0000

The Aussie market kicked off the week with a strong gain, having its best session in more than three weeks after lifting about three quarters of a percent. Confidence improved after reports the 40-day US government shutdown could soon end, and China eased export restrictions on some metals. Tech, energy and mining stocks led the way, while ANZ rose more than 3% after posting full-year results that showed profit down 14% but a steady dividend. Liontown, Dyno Nobel and Monadelphous were also standouts. Tomorrow brings updates from CBA and Bendigo Bank, plus a busy run of company AGMs ahead of Aussie jobs data on Thursday and key Chinese data on Friday.

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Morning Report 10 Nov 25: Wall Street steadies on shutdown hopes

Sun, 09 Nov 2025 20:01:19 +0000

Wall Street steadied on Friday as investors looked ahead to an end to the government shutdown, recovering from early losses on hopes Democrats and Republicans could reach a healthcare compromise. Technology stocks led the declines, capping the Nasdaq's worst week, while consumer confidence plunged and a survey of economic conditions hit an all-time low. Meanwhile, Expedia’s strong performance highlighted resilience in the travel sector. Back home, futures point to a modest gain for the ASX 200 as investors await a speech from the deputy RBA governor for further rate clues.

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Market Close 07 Nov 25: ASX sinks to near 2-month low

Fri, 07 Nov 2025 05:49:59 +0000

The Aussie market ended the week lower, down about three-quarters of a percent, marking a second straight weekly loss. Tech and bank stocks dragged, with Macquarie falling nearly 6% after missing earnings expectations. Qantas dropped 6.5% on softer revenue guidance, while AUB Group rose after a renewed takeover bid. Block, Inc. slumped 15%, and weaker Chinese trade data weighed on miners. The ASX 200 now sits more than 3% below record highs, with US jobs and local bank results in focus next week.

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

Thu, 06 Nov 2025 19:43:20 +0000

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.

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Market Close 06 Nov 25: Miners snap 3-day losing streak

Thu, 06 Nov 2025 05:47:13 +0000

Local shares bounced back from a two-month low on Thursday, with miners leading the charge. The ASX 200 lifted about a third of a per cent, supported by gains in gold and iron ore prices. Materials stocks were easily the day’s best performers, up around 1.5 per cent, with names like Emerald, Ramelius and Bellevue all climbing strongly. But it wasn’t all positive as NAB dragged the broader market lower after falling more than 3 per cent despite hitting a record high earlier in the day. Westpac slipped after going ex-dividend, and James Hardie tumbled more than 10 per cent after being dropped from a key index.

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Morning Report 06 Nov 25: US stocks stage rebound as dip buyers wade back in

Wed, 05 Nov 2025 19:42:06 +0000

Wall Street rose on Wednesday as dip buyers waded back in following a tech-fuelled slide, while ADP data showed US companies added 42,000 jobs in October. AMD’s outlook, however, failed to impress investors, tempering some of the gains. European shares also closed higher, with earnings remaining in the spotlight. In commodities, oil dipped on oversupply fears while gold gained on risk aversion despite stronger payroll data. Back home, Aussie shares are set to snap a two-day losing streak ahead of NAB’s results.

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Market Close 05 Nov 25: Six losses in seven sessions for ASX

Wed, 05 Nov 2025 05:45:00 +0000

The ASX200 fell about 0.25% to a two month low after the RBA kept rates steady and signalled only one cut in 2026. Material and tech stocks led losses, while financials rose on Westpac earnings. US government shutdown and a 2% tech slide added pressure. Look out for US earnings from McDonald’s, Snap and Novo-Nordisk, plus NAB and Macquarie results this week.

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Morning Report 05 Nov 25: Stock bulls get wake-up call from Wall Street CEOs

Tue, 04 Nov 2025 19:48:39 +0000

Wall Street’s main indexes fell to one-week lows on Tuesday after CEOs of major U.S. banks warned of a potential market sell-off. Tech sentiment took a hit, with Palantir sliding on AI valuation concerns and Uber dropping after missing quarterly profit expectations. Elsewhere, U.S. bond yields declined amid growing fears of a stock market bubble, while European markets also retreated to two-week lows in a broader risk-off mood. In commodities, prices weakened as a stronger U.S. dollar and demand worries weighed on sentiment. Back home, Aussie shares are expected to rebound after touching one-month lows.

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Market Close 04 Nov 25: Market drops as RBA unlikely to cut in the near‑term

Tue, 04 Nov 2025 05:45:00 +0000

The ASX200 slid 0.9% (81 points) to a five‑week low after the RBA left rates at 3.6%. Hotter‑than‑forecast inflation curbed cut hopes. All sectors except healthcare fell, with Westpac the sole bank up 1.5%. City Chic rose 7.5% after a solid ANZ update, while CSL remains down 40% YTD. Focus now shifts to inflation data on 26 Nov and upcoming employment and earnings releases.

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Morning Report 04 Nov 25: Tech stocks jump on Amazon-AI deal

Mon, 03 Nov 2025 19:55:00 +0000

Wall Street’s main indexes rose overnight, with the S&P 500 and Nasdaq both higher as Kenvue surged on buyout news. Amazon’s $38 billion deal with OpenAI lifted its shares and boosted Nvidia's as well. U.S. Treasuries were mixed amid uncertainty surrounding the government shutdown, while in Europe, equities edged higher as investors assessed a fresh batch of earnings. In commodities, oil prices held steady despite OPEC+ signalling a pause on output hikes. Gold was little changed ahead of key U.S. private payroll data, and iron ore slipped on weaker steel production in China. Back home, Aussie shares are expected to ease ahead of the RBA’s interest rate decision.

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Market Close 03 Nov 25: Aussie investors cautious ahead of RBA meeting

Mon, 03 Nov 2025 05:53:37 +0000

The ASX200 nudged up about 0.1 % after a soft start to the month, helped by a lift in financials, energy and tech stocks. Caution remains ahead of tomorrow’s RBA decision, with a roughly 3 % chance of a further rate cut after hotter‑than‑expected inflation data. US inflation figures were delayed by the ongoing government shutdown, and upcoming events include bank earnings (NAB, Macquarie) and several ex‑dividend dates.

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Morning Report 03 Nov 25: Nasdaq records best monthly winning streak since 2018

Sun, 02 Nov 2025 19:45:52 +0000

Wall Street closed higher on Friday, with the Nasdaq notching its best monthly winning streak since 2018. Amazon shares hit all-time highs after a strong sales forecast, while Apple slipped as CEO Tim Cook flagged supply constraints. U.S. government bond yields moved lower as the government shutdown dragged on. In Europe, equities edged lower following a mixed batch of quarterly results. In commodities, OPEC signalled a pause on production hikes until early 2026, and gold rose 4% for October. Back home, Aussie shares are expected to dip ahead of Westpac’s results.

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Market Close 31 Oct 25: Investors spooked in last week of October

Fri, 31 Oct 2025 05:55:19 +0000

The Aussie market ended October on a flat and uninspired note, slipping by around four points on Friday to mark a fourth straight day of losses. That left the ASX 200 down roughly 1.4% for the week — its worst since April — as investors digested hotter-than-expected inflation data and reassessed expectations for future rate cuts. Despite the late-month pullback, the index still managed a 0.4% gain for October overall. Energy and materials helped limit losses, while consumer discretionary and utilities weighed most heavily, with Wesfarmers and Origin Energy both under pressure. Resmed was among the day’s bright spots, lifting after a solid quarterly update. Looking ahead, attention turns to the RBA’s rate decision on Melbourne Cup Day, US inflation data tonight, and next week’s bank earnings from Westpac, NAB, and Macquarie.

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Morning Report 31 Oct 25: Tech stocks slide on Meta’s big AI spending plans

Thu, 30 Oct 2025 19:45:32 +0000

U.S. stocks fell overnight, with the S&P 500 and Nasdaq dragged lower by Meta and Microsoft amid renewed Fed rate concerns. Investors rotated out of tech and into bank and healthcare stocks, while rising Treasury yields reflected uncertainty over further Fed cuts. In Europe, the ECB kept rates unchanged amid resilient economic growth. In commodities, oil prices held steady amid optimism over a U.S.–China trade truce, and gold gained after the Fed’s latest trim. Back home, Aussie shares are set to snap a three-day losing streak to end the month on a stronger note.

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Market Close 30 Oct 25: ASX extends losses to a third straight day

Thu, 30 Oct 2025 05:43:13 +0000

The Aussie sharemarket extended losses to a third straight day, weighed down by fading hopes of another RBA rate cut this year after yesterday’s hotter-than-expected inflation data. The ASX200 slipped about half a percent, trimming October’s monthly gain to just 0.5%. Overnight, the US Fed delivered another 25-basis-point rate cut but signalled caution about further easing, while Nvidia hit a record US$5 trillion valuation. Locally, healthcare and energy stocks led modest gains, but sharp falls in consumer discretionary shares — dragged by Wesfarmers — kept the broader market under pressure. Investors also watched a high-stakes meeting between US and Chinese leaders, their first face-to-face since Trump’s re-election, aimed at easing trade tensions.

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Morning Report 30 Oct 25: US markets mixed after Fed cuts rates

Wed, 29 Oct 2025 19:57:28 +0000

US stocks gave up early gains after Jerome Powell signalled the central bank may not cut rates again this year. U.S. Treasuries slumped after Powell clarified that a December cut isn’t guaranteed. Nvidia became the first company to reach a $5 trillion market value, while Caterpillar hit a record high as strength in its energy business lifted shares. In commodities, copper reached a record high due to supply shortages, and oil prices rose following a sharp decline in US stockpiles. Elsewhere, the Bank of Canada cut interest rates, and back home, Aussie shares are set to open lower on Thursday as rate cut hopes are dashed.

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Market Close 29 Oct 25: Inflation data crushes rate cut hopes

Wed, 29 Oct 2025 05:56:37 +0000

The ASX200 slipped almost 1% to its worst daily drop since 3 Sept, spurred by September CPI showing headline 3.2% and core at 3%, topping the RBA’s target. Markets now see only a 5% chance of a rate cut at the Melbourne Cup meeting. Energy and gold miners led modest gains, while financials and CSL fell sharply.

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Morning Report 29 Oct 25: Wall Street at record highs after Microsoft–OpenAI deal

Tue, 28 Oct 2025 19:50:36 +0000

Wall Street hit fresh record highs, with the S&P 500 rising above 6,900 points on AI optimism. Apple reached a $4 trillion market value, while Microsoft gained from its OpenAI partnership. US bond yields edged lower ahead of the Fed’s rate decision, while in Europe, the FTSE 100 touched a new peak, lifted by HSBC. In commodities, oil fell 2% as traders weighed Russian sanctions, gold slipped to a three-week low amid signs of progress in US–China trade talks, and aluminium rose on concerns over Australian smelter output. Back home, Aussie shares are set to open higher ahead of key inflation data.

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Market Close 28 Oct 25: Four stocks drag ASX lower

Tue, 28 Oct 2025 05:45:15 +0000

The ASX200 fell about 0.5% today, erasing Monday’s gains, but stays up 2% for October and just 1% below a record high. Financials rallied, with the big four banks hitting record levels, while CSL and WiseTech drove the decline, dropping 16% and 15% respectively. Look ahead to tomorrow’s CPI release and the RBA’s likely rate cut on Melbourne Cup Day.

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Morning Report 28 Oct 25: Wall Street scales fresh record highs on US-China trade optimism

Mon, 27 Oct 2025 19:50:15 +0000

Wall Street climbed to record highs on renewed US-China trade optimism, with the S&P 500 on track for its first-ever close above 6,800 points. European markets also extended their winning streak, marking a third straight session of record finishes, while Argentine assets rallied following Javier Milei’s election victory. Elsewhere, Qualcomm shares surged after the company unveiled new AI chips aimed at competing with Nvidia. In commodities, copper reached a 17-month high on hopes of a trade deal, while gold slipped below $4,000 per ounce. Back home, Aussie shares are set to fall amid renewed interest rate jitters, after RBA Governor Michele Bullock warned that a 0.9% rise in core CPI would represent a material miss.

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Market Close 27 Oct 25: ASX climbs ahead of action-packed week

Mon, 27 Oct 2025 05:50:14 +0000

The ASX200 nudged up 0.4 % on Monday, keeping the market within striking distance of last week’s record. Financials powered the rise, with three of the big four banks near all‑time highs and energy and tech also in the green. Gold fell 1.3 % after a sharp profit‑taking rally, dragging miners down. Looking ahead, US‑China trade talks, the “Magnificent Seven” earnings and a key CPI release will drive sentiment, while markets price a 60 % chance of an RBA cut before the Melbourne Cup.

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Morning Report 27 Oct 25: Dow closes above 47,000 points for the first time ever

Sun, 26 Oct 2025 19:39:48 +0000

Wall Street notched record highs after cooler-than-expected US inflation data, with the Dow closing above 47,000 points for the first time. European markets followed suit, also finishing at record levels. Bonds, however, erased their post-CPI gains. Looking ahead, a busy week awaits with a Federal Reserve meeting and mega-cap earnings in focus. In commodities, oil steadied as traders weighed sanctions, while gold ended its nine-week winning streak. Back home, Aussie shares are expected to rise on rate-cut bets in what’s shaping up to be a pivotal week for markets, while the Aussie dollar lifted following the softer US inflation print.

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Market Close 24 Oct 25: Trade jitters wipe out gains

Fri, 24 Oct 2025 05:49:58 +0000

The Aussie market lost a little ground on Friday, slipping 0.1% after Donald Trump ended trade talks with Canada. Still, the ASX200 managed a small weekly gain and remains firmly higher for October and the year so far. Tech stocks led the way, while healthcare and financials dragged. Pilbara Minerals and Liontown jumped on upbeat quarterly results, Dusk rose on stronger sales, and Mount Gibson tumbled after shutting an ageing WA mine. Energy stocks kept their five-day winning streak going, and all eyes now turn to next week’s major US tech earnings and Australia’s quarterly CPI figures.

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Morning Report 24 Oct 25: Stocks rise as US confirms a Trump-Xi meeting

Thu, 23 Oct 2025 19:54:26 +0000

Wall Street is attempting to rebound from Wednesday’s sell-off as the US confirms a meeting between Donald Trump and Xi Jinping aimed at easing trade tensions. US bond yields rose ahead of consumer price index data, while in commodities, oil surged 5% after Washington sanctioned Russian firms and gold gained on renewed geopolitical risk. In company earnings news, Tesla shares reversed earlier losses after results, Honeywell lifted its outlook on aerospace strength, and Las Vegas Sands led the S&P 500 on gains in Singapore. Back home, the ASX is set to edge higher to close out the week, with the Aussie dollar firming against the greenback on Chinese stimulus hopes.

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Market Close 23 Oct 25: Energy stocks jump as Trump threatens sanctions

Thu, 23 Oct 2025 05:46:46 +0000

A mixed day for the Aussie market, with the ASX200 finishing mostly flat, up just 3 points. Energy names were the stars, jumping more than 3% as oil prices surged following new US sanctions on Russian oil giants. Woodside climbed over 4% after announcing a strategic partnership, and Karoon Energy soared almost 10% on its quarterly update. Gold miners found some relief after yesterday’s heavy losses, with Regis Resources up 5%, while Fortescue gained 2.4% after posting record iron ore shipments. Super Retail Group slipped despite higher sales, and ASX shares eased after its AGM. Tonight, investors will be watching US jobs data and corporate results from Intel and Ford, before RBA Governor Michele Bullock speaks in Sydney tomorrow.

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Morning Report 23 Oct 25: ASX to fall as Wall Street slumps amid tech sell-off

Wed, 22 Oct 2025 19:57:10 +0000

Wall Street fell overnight, led by a sharp drop in Netflix shares after disappointing earnings and a tax hit, marking its biggest fall since 2022. After hitting record highs yesterday, the Dow Jones slipped around 300 points amid renewed trade fears, while Texas Instruments declined on signs of a slowing chip recovery. Meanwhile, tariff concerns resurfaced, with the US reportedly considering broad software curbs on China and new duties looming over Barbie this Christmas. In Europe, L’Oréal and Hermès slipped, weighing on regional markets. In commodities, aluminium climbed to its highest level since June 2022, while gold extended its rout in a volatile pullback. Back home, Australian shares are set to retreat on Thursday, and the Aussie dollar has dipped against a strengthening US dollar.

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Market Close 22 Oct 25: ASX loses shine as precious metals retreat

Wed, 22 Oct 2025 05:43:47 +0000

The ASX200 fell about 0.8% (≈ 67 points), ending its run with a weekly decline. A 6.3% drop in gold prices drove the materials sector down over 3%, with gold miners shedding 8.5%. Energy rose 1.3% after Woodside's update, while Adairs gained 7% and Weebit Nano surged 19%. Looking ahead, US earnings, data and a slate of AGMs keep markets on edge.

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Morning Report 22 Oct 25: ASX to fall as gold and silver plunge

Tue, 21 Oct 2025 19:56:44 +0000

Wall Street took a breather overnight as investors paused following two strong sessions, despite a string of upbeat quarterly results from major US companies. General Motors surged 16% after lifting its full-year outlook and easing tariff concerns, while 3M, Coca-Cola and Ford also impressed with strong earnings. The Dow hit a record high, though tech stocks like Nvidia and Alphabet pulled back on renewed US-China trade uncertainty. Meanwhile, gold slumped more than 5% and silver nearly 9% in their steepest falls in over a decade, pressuring mining stocks. ASX futures point to a weaker open, down 0.5%, with updates ahead from Woodside, Iluka, and REA Group.

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Market Close 21 Oct 25: Miners drive fresh record high

Tue, 21 Oct 2025 05:51:36 +0000

The ASX200 closed 0.7 % higher at 9,115, a fresh all‑time high and an 11.5 % YTD gain, best since 2021. Materials led the rally, with BHP and gold miners soaring as gold topped $4,359/oz. Hub24 jumped 10.5 % on record inflows, while Cleanaway fell after a failed AGM vote. Look ahead to US earnings, Canadian inflation and an RBA governor speech.

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Morning Report 21 Oct 25: S&P 500 set for best 2-day advance since June

Mon, 20 Oct 2025 19:53:59 +0000

Wall Street kicked off the week with strong gains as optimism spread across markets. Apple shares surged more than 4% to a record high on stronger iPhone 17 sales and a broker upgrade, helping lift the Nasdaq by 1.5% and the S&P 500 by 1.1%. Bank and semiconductor stocks also rallied, with the PHLX Semiconductor Index hitting an all-time high. Closer to home, Aussie shares are tipped to open higher after Prime Minister Anthony Albanese and US President Donald Trump signed an $8.5 billion Rare Earths and Critical Minerals Agreement, while gold prices jumped more than 3%.

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Market Close 20 Oct 25: Banks and miners play tug of war

Mon, 20 Oct 2025 05:59:29 +0000

The Aussie sharemarket kicked off the week on a positive note, supported by strong gains in the big banks which offset weakness across the miners. The ASX200 rose 0.4%, climbing back above 9,000 points and sitting just shy of last week’s record high. CBA led the banks, while gold and iron ore declines weighed on BHP and the miners. Linus Rare Earths jumped 6.5% on talk of US supply deals, while Deep Yellow slumped 19% after a sudden CEO exit. Bapcor fell sharply on weak guidance, while Neuren Pharmaceuticals rose on fast-track approval for one of its drugs. Locally, results from BHP and South32 are due tomorrow, with US earnings from Netflix and Tesla also in focus this week.

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Morning Report 20 Oct 25: Wall Street ends the week higher as investors shrug off bank concerns

Sun, 19 Oct 2025 19:59:00 +0000

US markets turned things around on Friday, shrugging off the banking jitters that rattled investors a day earlier. Solid results from a few regional lenders helped restore confidence, and all three major indices closed higher. Today, Aussie shares look set to open slightly weaker, with Chinese GDP data and a dip in commodities weighing on sentiment. Meanwhile, Prime Minister Anthony Albanese heads to the US to meet President Trump, with rare earths and critical minerals expected high on the agenda.

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Market Close 17 Oct 25: Gold rush continues

Fri, 17 Oct 2025 05:57:25 +0000

ASX200 fell 0.81% on Friday, erasing a 0.86% gain from the record high day. Energy led losses, down 2.8%, with tech and financials also slipping. Gold surged to a fresh over $4300 record, up 6% on the week, while silver rose 3.5%. Ahead, US earnings, a pending RBA speaker and US inflation data dominate, plus busy local AGM and corporate updates.

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Morning Report 17 Oct 25: Stock rally sputters as two regional banks get hit

Thu, 16 Oct 2025 19:53:57 +0000

Wall Street lost ground as a wave of bad loan fears hit US banks, knocking confidence in the financial sector and pulling markets lower. Regional lenders Zions Bancorp and Western Alliance were at the centre of the sell-off, each tumbling by more than 10% after revealing losses tied to fraudulent commercial loans. In Europe, markets were steadier after France’s prime minister survived two confidence votes, and closer to home, Aussie shares are tipped to pull back from record highs after yesterday’s strong run. Iron ore has dropped to six-week lows, gold has hit new all-time highs, and the Aussie dollar remains under 65 US cents.

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Market Close 16 Oct 25: Jobs data fuels fresh record for ASX

Thu, 16 Oct 2025 05:47:50 +0000

It was a record-breaking day for the Aussie market, with the ASX200 smashing through 9,100 points for the first time ever as investors cheered fresh signs of an upcoming rate cut. Thursday’s jobs report showed unemployment unexpectedly jumped to 4.5%, pushing the odds of a November cut to more than 70%. Real estate stocks soared, the big banks were mostly higher, and Macquarie was a standout – up more than 5%. Gold miners stayed hot as prices hit new highs, but rare earth producers struggled as US-China trade tensions escalated again.

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Morning Report 16 Oct 25: Stocks get lift from banks amid trade worries

Wed, 15 Oct 2025 20:00:35 +0000

Wall Street was boosted overnight by upbeat bank earnings, with Morgan Stanley and Bank of America both smashing expectations, but gains faded as investors remained cautious amid US-China trade tensions. Tech stocks also added some spark, helping the Nasdaq close around 0.8% higher. European markets found their footing too, with France’s CAC up 2% after signs of political stability returned. Here at home, futures are pointing to a softer start after the ASX200’s strongest session in two weeks. Jobs data out later today is expected to show steady unemployment at 4.2%, and we’ll also hear from a number of big names including Santos, Challenger, Treasury Wines and Stockland.

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Market Close 15 Oct 25: ASX posts best day in weeks

Wed, 15 Oct 2025 05:46:00 +0000

The ASX200 was up about 0.9 % in afternoon trade, close to the 9 000‑point psychological barrier, driven chiefly by a 1.2 % rise in the financials sector as major banks posted stronger earnings and dividend upgrades. Materials also added strength after softer Chinese inflation data, while energy fell on lower oil prices. Looking ahead, market focus will shift to US bank results, the US Fed’s upcoming rate decision, and Australia’s jobs report due tomorrow, which could steer the RBA’s policy path.

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Morning Report 15 Oct 25: Stocks rise as Powell keeps Fed cut wagers in play

Tue, 14 Oct 2025 20:00:20 +0000

US stocks recovered from early losses as investors were reassured by Jerome Powell’s comments, keeping alive hopes for future rate cuts. Treasury yields hovered near recent lows, while the Dow Jones lifted 400 points in a remarkable turnaround as traders shrugged off renewed US-China trade tensions. The Dow and S&P 500 also gained on the back of strong US bank results. In commodities, oil fell 1% on supply glut worries, while iron ore slipped on profit-taking. Back home, Aussie shares are expected to lift around 1% as gold hits a fresh record high, though the Aussie dollar remains below 65 US cents.

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Market Close 14 Oct 25: Miners hit record highs as banks fall back

Tue, 14 Oct 2025 05:46:34 +0000

The ASX200 edged up about 0.2% today, ending a two‑day losing streak as miners, energy and materials rallied on higher commodity prices and fresh record highs for gold and silver. Health care and tech added modest gains, while banks slipped. RBA minutes reaffirmed steady rates, and investors await Thursday’s jobs data, November inflation figures and Powell’s Fed outlook.

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Morning Report 14 Oct 25: Buyers power best S&P 500 rally since August

Mon, 13 Oct 2025 19:59:43 +0000

Wall Street staged a miraculous turnaround as Donald Trump reassured markets by talking down trade concerns with China. Broadcom soared, adding $150 billion in value on news of its OpenAI agreement, while quantum stocks rallied after JPMorgan’s latest tech investment push. Bank stocks also climbed ahead of an earnings bonanza, and Tesla gained on stronger China EV sales. In commodities, oil prices rose as the US and China moved to de-escalate trade tensions, while gold broke through $4,100 to a record high. Back home, the ASX is expected to rebound on Tuesday after recording its biggest single-day drop since September 2024.

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Market Close 13 Oct 25: US‑China trade war keeps investors guessing

Mon, 13 Oct 2025 06:07:23 +0000

Today the ASX200 fell about 0.8%, its biggest slide in weeks, as all 11 sectors traded red. Tech led the losses while gold miners rose two to three percent on a jump in metal price. ANZ outperformed with a 3.3% gain after its strategy update, whereas Treasury Wines plunged 15% after pulling guidance. Investors watch US inflation, Australian jobs data and the Qantas breach fallout.

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Morning Report 13 Oct 25: Wall Street slumps as tariff woes return

Sun, 12 Oct 2025 19:58:32 +0000

US stocks suffered their steepest drop in five months as tensions between Beijing and the White House escalated. The Trump administration’s threat of an additional 100% tariff on Chinese imports sent markets into a tailspin, with the Magnificent Seven slumping nearly 4% and tech heavyweights Nvidia, Tesla, and Amazon each falling about 2%. Elsewhere, safe-haven assets gained favour as bond yields fell and gold prices climbed, while energy producers were in focus after oil prices tumbled 4%. Back home, Aussie shares are set to open lower on Monday as tariff anxiety ripples through global markets.

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Market Close 10 Oct 25: Miners drag ASX to weekly loss

Fri, 10 Oct 2025 05:55:07 +0000

Despite more green shoots than red across the market, the ASX 200 couldn’t keep its momentum, slipping for a fourth time in five sessions. A 2% fall in materials proved too heavy to shake off, wiping out Thursday’s gains as gold and iron ore prices cooled. Tech and retail names kept things interesting — JB Hi-Fi, Flight Centre and Temple & Webster all in the winner’s circle — while Lynas Rare Earths, Guzman y Gomez and the gold miners weighed on trade.

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Morning Report 10 Oct 25: ASX to fall as Wall Street rally stalls

Thu, 09 Oct 2025 19:58:38 +0000

Wall Street pulled back from record highs with the S&P 500 facing another heat check as the rally faltered. Albemarle shares rose after a broker upgrade on cash flow prospects, while rare earth stocks surged after China tightened its grip on global supplies. Delta Airlines reported robust demand heading into 2026, and PepsiCo announced a portfolio overhaul under activist pressure. In Europe, Ferrari suffered its worst single-day drop on record, overshadowing the launch of its new EV technology. In commodities, oil eased 1.5% following a Gaza ceasefire, copper climbed to a 16-month high, and gold slipped below $4,000 an ounce. Back home, Aussie shares are expected to end the week on the back foot, with the local dollar weakening against a stronger Greenback.

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Market Close 09 Oct 25: Miners hit best level in history

Thu, 09 Oct 2025 05:45:22 +0000

The Aussie market managed its first lift of the week, though momentum was modest and buyer enthusiasm remained subdued. The ASX200 edged higher despite weakness across financials and tech stocks, with materials the clear standout, hitting a record high thanks to gains from gold and rare earth miners. Lynas Rare Earth surged to a 14-year peak while BHP, Rio Tinto and Fortescue also advanced. Meanwhile, Guzman y Gomez shares swung wildly after announcing a $100 million buyback, Liontown rose following changes to its Ford contract, and Netwealth delivered strong quarterly inflows. With few catalysts ahead of next week’s key events and RBA remarks due tomorrow, trade remained light as investors treaded cautiously near record highs.

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Morning Report 09 Oct 25: Tech buyers step in to fuel Wall Street rally

Wed, 08 Oct 2025 19:59:24 +0000

Wall Street looked past government shutdown worries, with the S&P 500 and Nasdaq hitting fresh record highs. Technology led the charge, boosted by Nvidia on renewed demand hopes. Meanwhile, Fed minutes showed policymakers remain cautious on rate cuts amid ongoing inflation concerns. In Europe, French stocks bounced back after recent turmoil. In commodities, gold shattered the $4,000 mark, while energy names slipped despite lower oil inventories. Back home, Aussie shares are set to edge higher on Thursday after New Zealand cut interest rates.

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Market Close 08 Oct 25: Gold rises to key milestone

Wed, 08 Oct 2025 05:48:36 +0000

The ASX200 edged lower, down about 0.1 % and marking a third consecutive losing session. Weakness came from tech, retail and telco stocks, while energy fell and materials gave modest support. Gold broke the $4,000‑a‑ounce milestone, driving a surge in the precious‑metal sector. Looking ahead, markets will watch the US Federal Reserve minutes, upcoming US crude‑oil inventory data and tomorrow’s Australian consumer‑inflation expectations.

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Morning Report 08 Oct 25: ASX to slip as Wall Street rally loses momentum

Tue, 07 Oct 2025 20:05:06 +0000

US stocks paused their record-breaking run as Oracle shares slid on reports its cloud margins were weaker than expected. Trilogy Metals jumped after the US government took a 10% stake, while Ford slipped following a fire at an aluminium plant. Constellation Brands topped sales forecasts on strong beer demand, and a New York Fed survey showed growing concern about the job market. Gold futures hit the $4,000 mark for the first time, and in New Zealand, the RBA is expected to cut rates later today. Back home, Aussie shares are set to open lower on Wednesday.

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Market Close 07 Oct 25: Aussie stocks tread water near record highs

Tue, 07 Oct 2025 05:45:00 +0000

ASX200 down ~1.4% as markets stay cautious amid US government shutdown and mixed tech news. Gold miners lead gains, with Greatland Resources +10% and gold sector up 20‑24% month‑on‑month. DroneShield still up 700% YTD despite 3% dip. Financials, materials, utilities marginally positive; consumer discretionary and telecom fall over 1%. Upcoming Fed, ECB, RBNZ speeches and NZ rate‑cut expected.

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Morning Report 07 Oct 25: Stocks rise as chipmakers surge after AMD deal

Mon, 06 Oct 2025 19:59:52 +0000

Wall Street shook off an unsteady start to close higher, led by a powerful rally in chipmakers after AMD announced a new chip deal with OpenAI. Financials were also in focus, with Fifth Third agreeing to buy Comerica in the year’s biggest U.S. bank deal, while Tesla shares climbed after teasing an upcoming product unveiling. Overseas, French political turmoil pushed bond yields higher. In commodities, oil prices rose as OPEC+ increased output less than expected, and gold prices touched a fresh record high. Back home, Aussie shares are set to open higher on Tuesday, inching closer to record levels.

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Market Close 06 Oct 25: Bitcoin and gold surge to record highs

Mon, 06 Oct 2025 05:54:03 +0000

The Aussie market started the holiday-shortened week quietly, trading with lighter volumes but briefly topping 9,000 points for the first time in six weeks before easing in the afternoon. Gold miners stood out as the precious metal hit fresh record highs, while Bitcoin also surged to a new all-time high above $125,000. Gains came through from energy stocks after OPEC raised output by less than expected, and rare earths and copper miners rose on strong demand and supply concerns. Lynas jumped 7% to its highest level since 2011, while the Brisbane Broncos surged 27% following their premiership win.

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Morning Report 06 Oct 25: Rate cut hopes sustain Wall Street amid government shutdown

Sun, 05 Oct 2025 20:02:40 +0000

Wall Street ended the week on a mixed footing as the government shutdown entered its third day. Healthcare led the gains, with pharma stocks rising for a second day, while Palantir shares slumped amid renewed doubts over the company’s technology. Elsewhere, oil was in focus after OPEC announced a smaller-than-expected production increase. Back home, Aussie shares are set to open modestly higher on Monday ahead of a public holiday in some states.

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Market Close 03 Oct 25: Best week since early May for ASX

Fri, 03 Oct 2025 06:53:12 +0000

The Aussie share market finished the week strongly, up 0.5% on Friday and 2.3% across the week, marking its best weekly performance since early May. Tech stocks led gains with Live360 and Block, Inc. among the top performers, while energy lagged as oil prices slipped to four-month lows. Eagers Automotive surged nearly 18% after announcing a major Canadian acquisition, while DroneShield climbed 50% for the week. Dividend payouts from CSL, A2 Milk, Origin, Domino’s and others also put extra cash in investors’ pockets, while attention now turns to US earnings season, a New Zealand rate decision and uncertainty from the US government shutdown.

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Morning Report 03 Oct 25: Tech stock buyers emerge as shutdown extends

Thu, 02 Oct 2025 20:57:23 +0000

Stocks closed at record highs as investors shrugged off concerns about the government shutdown. Technology remained in focus with OpenAI’s valuation climbing to 500 billion US dollars, Intel surging 50% over the past month, and Tesla reporting a 7% rise in deliveries ahead of expiring EV tax credits. In commodities, oil fell 2% to a four-month low while copper touched a 16-month high. Back home, Australian shares are expected to dip on Friday from recent four-week highs.

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Market Close 02 Oct 25: Gold fuels ASX one-month high

Thu, 02 Oct 2025 06:44:23 +0000

The ASX200 rose 1.2% to a one-month high, edging closer to 9,000 points in a broad rally led by gold, banks and healthcare. Gold miners surged as prices hit fresh records near US$3,900 an ounce, while CSL bounced almost 4% and the big four banks all advanced. Globally, investors weighed the US government shutdown, weaker jobs data and strong US pharma gains, while dividend season picked up with payouts from Breville, Seek and Treasury Wines.

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Morning Report 02 Oct 25: Healthcare pushes stocks to record highs

Wed, 01 Oct 2025 20:57:42 +0000

Join Tom and Ryan as they discuss the week ahead in Aussie and global markets.

US stocks hit fresh record highs despite the government shutdown, as investors increasingly bet on near-term rate cuts following the biggest fall in private payrolls since 2023. Healthcare stocks led gains, lifted by eased pricing fears after the Trump deal, while Nike surprised with stronger sales. In commodities, gold surged past $3,800 while oil slid to a sixteen-week low ahead of the OPEC meeting. Back home, Aussie shares are set to open higher on Thursday ahead of the RBA’s financial stability review.

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Market Close 01 Oct 25: Aussie Market flat as US government shuts down

Wed, 01 Oct 2025 06:50:00 +0000

The ASX200 slipped only a few points, staying near flat after a 1.4 % September loss and an 8 % YTD gain. Drivers were the first US government shutdown in seven years and mixed sector moves – utilities and industrials led, while consumer discretionary lagged. DroneShield exploded 600 % YTD, while lithium miners fell. Look ahead to US payroll data, the RBA stability report and Chinese holidays.

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Morning Report 01 Oct 25: Stocks end strong quarter with moderate gains

Tue, 30 Sep 2025 21:06:00 +0000

Join Tom and Ryan as they discuss the week ahead in Aussie and global markets.

US markets closed the quarter with modest gains despite concerns over a looming government shutdown. The S&P 500 recorded its biggest third-quarter advance since 2020, while the Nasdaq notched its strongest September quarter since 2012. The Dow Jones also closed at a record high, shrugging off political uncertainty, as US treasuries finished mixed. In economic data, weak hiring highlighted ongoing stagnation in the US labour market, while gold hovered near record highs. Back home, Australian home prices rose at their fastest pace in a year, though local shares are expected to open lower on Wednesday.

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Market Close 30 Sep 25: Gold miners buoy ASX as RBA holds rates

Tue, 30 Sep 2025 06:45:00 +0000

The ASX200 slipped about 0.2 % in the final September session, erasing most of the month’s 1.3 % fall. Materials led, with gold miners supplying the top‑ten performers and DroneShield up 37 %. Energy fell roughly 10 % as oil prices dropped. The RBA held the cash rate at 3.6 %, cutting market odds of a November cut to about 40 %. Upcoming: Oct 29 inflation report and jobs data.

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Morning Report 30 Sep 25: US stocks hold small gains as shutdown worries linger

Mon, 29 Sep 2025 21:04:31 +0000

Join Tom and Ryan as they discuss the week ahead in Aussie and global markets.

Tech stocks led Wall Street higher as investors weighed the risk of a potential government shutdown, with US bond yields easing on the uncertainty. Robinhood shares climbed on strong prediction market volumes, while Barrick and Newmont announced leadership changes as gold surged to a fresh record high amid growing bets on rate cuts. Meanwhile, oil prices fell more than 3% as OPEC signalled plans to hike output. Back home, Aussie shares are set to open higher for a fourth straight session ahead of the RBA’s interest rate decision, where policymakers are expected to hold rates and await critical data.

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Market Close 29 Sep 25: A third day of gains ahead of RBA decision

Mon, 29 Sep 2025 06:45:00 +0000

The ASX200 jumped about 0.85% on Monday, extending a three‑day winning streak driven by strong gains in the big four banks and a surge in gold miners, while energy and tech lagged. DroneShield spiked 19% to a fresh record. Market focus shifts to tomorrow’s RBA interest‑rate decision, upcoming US jobs data, a hefty $8.5 billion dividend payout week and the October 16 Australian jobs report.

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Morning Report 29 Sep 25: Latest inflation data ends Wall Street’s losing streak

Sun, 28 Sep 2025 21:07:45 +0000

Wall Street ended a three-day losing streak after the latest inflation report, with the Fed’s preferred measure of inflation coming in line with economists’ expectations. This relief saw buyers push most sectors higher. Pharma stocks jumped on tariff news and game maker Electronic Arts surged on reports of a potential $50 billion buyout. Energy shares also led weekly gains ahead of the OPEC meeting. Still, concerns over a possible government shutdown weighed on sentiment heading into the week. Back home, futures point to a modest gain for the ASX 200 on Monday ahead of the RBA’s two-day meeting.

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Market Close 26 Sep 25: Trump tariff threats rattle healthcare stocks

Fri, 26 Sep 2025 06:50:00 +0000

The ASX200 closed modestly higher on Friday, up about 0.08% and breaking a three‑week losing streak, while September remains down roughly 2%. Stronger‑than‑expected August inflation trimmed market expectations for a November RBA rate cut to about 50%. US President Trump’s 100% tariff on pharma imports dragged healthcare stocks such as CSL, Pro Medicus and Mesoblast lower, whereas miners (+0.7%) and financials (+0.5%) buoyed the index, led by BHP’s 1.3% gain. Looking ahead, investors will watch the RBA’s October decision, US inflation figures and upcoming US jobs data, plus the rollout of pharma tariffs on October 1.

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Morning Report 26 Sep 25: S&P 500 posts longest losing streak in a month

Thu, 25 Sep 2025 21:01:20 +0000

Wall Street retreated for a third straight session as stronger growth figures cast doubt on the likelihood of a November rate cut. The US economy recorded its fastest pace of growth in two years, while Treasuries gained as the data clouded the Fed’s policy outlook. In company news, CoreWeave expanded its deals with OpenAI, while Oracle extended its slide on AI concerns, marking a third day of losses. In commodities, oil pulled back from a seven-week high as investors reassessed the Fed’s rate path. Back home, Aussie shares are expected to open flat on Friday ahead of the AFL Grand Final.

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Market Close 25 Sep 25: Commodities boost miners as dividends roll in

Thu, 25 Sep 2025 06:46:03 +0000

The ASX200 ended Thursday more or less flat after a choppy session, with mining and energy stocks leading gains on stronger oil and copper prices. Woodside and Santos rose with crude oil at seven-week highs, while copper miners like Sandfire and BHP climbed after supply disruptions in Indonesia. Billions in dividends were paid out by BHP, Rio Tinto, Telstra and others, and Premier Investments delivered a mixed result as Peter Alexander sales grew but Smiggle weakened. Rate cut expectations remain uncertain after hotter August inflation kept investors cautious.

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Morning Report 25 Sep 25: Wall Street calls time out as rally wanes

Wed, 24 Sep 2025 21:01:11 +0000

Wall Street lost ground for a second straight day as investors took a breather, with chipmakers falling on a weak outlook from Micron Technology. Elsewhere, selling continued in AI names, including Nvidia and Oracle. In commodities, copper rallied to a 15-month high after Freeport declared force majeure, while oil surged 3% to a seven-week peak on a sharp draw in U.S. stockpiles. Back home, Aussie shares are expected to fall on Thursday amid renewed inflation concerns.

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Market Close 24 Sep 25: Worst Day in 3 Weeks for Aussie Stocks

Wed, 24 Sep 2025 06:40:00 +0000

The ASX200 suffered its worst day in three weeks, falling 1% as August inflation came in hotter than expected at 3% annually. Higher electricity bills drove the headline figure, though underlying inflation eased to 2.6%. Banks led declines with Westpac down 3.5% amid job cuts news, while DroneShield continued its stellar run. Energy stocks bucked the trend on stronger oil prices. Tomorrow brings massive dividend payments from BHP, Rio Tinto and Telstra.

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Morning Report 24 Sep 25: Magnificent 7 stocks sink 1.5%

Tue, 23 Sep 2025 21:04:03 +0000

Wall Street hit pause after a record-breaking run, with tech stocks under pressure as Fed Chair Jerome Powell gave no hint on future rate moves. Nvidia slipped following news of OpenAI’s $100 billion deal, while U.S. Treasuries declined for a fourth straight day on cautious Fed commentary. In commodities, oil rose $1 a barrel as the restart of Kurdish exports stalled, while gold surged to a new record high on safe-haven demand. Back home, Aussie shares are expected to snap a three-day winning streak ahead of key inflation data.

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Market Close 23 Sep 25: Local market's winning streak extends to a 3rd day

Tue, 23 Sep 2025 06:57:39 +0000

Steve welcomes listeners to a Tuesday lift, as the ASX200 gains about 0.4 %. Mining and banks lead gains, while tech lags and consumer staples lose. The market feels the drag of a 25 % drop in Myer shares after a 30 % plunge in profits, plus a 5 % dip in Regis amid aged‑care fund fears. Tomorrow’s focus: August CPI data, US manufacturing figures, and dividends from Woodside Energy and Suncorp.

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Morning Report 23 Sep 25: Rate cut hopes drive Wall Street to record highs

Mon, 22 Sep 2025 21:06:50 +0000

Technology stocks led Wall Street to fresh record highs on expectations of two more rate cuts from the Fed this year. Nvidia also hit a record after unveiling a $100 billion investment in OpenAI, while Teradyne surged on broker upgrades and Apple gained on a product boost. In contrast, Tylenol’s maker, Kenvue, slumped on reports linking the drug to autism. Elsewhere, European markets were mixed, with automakers under pressure following a profit downgrade at Porsche. Back home, Aussie shares are set to open higher on Tuesday, with gold miners in focus following new record highs for the metal.

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Market Close 22 Sep 25: A Cautious Move Higher for Aussie Stocks

Mon, 22 Sep 2025 06:50:00 +0000

The ASX200 rose 0.4% on Monday, marking a second straight gain, though momentum faded through the afternoon. Mining stocks led the advance, with iron ore and gold miners posting strong rallies, while Reece Limited jumped on a $250m buyback and Viva Energy Group Ltd sank on leadership changes. Investors now turn to key inflation data in Australia and the US plus a heavy week of dividend payouts worth $15bn.

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Morning Report 22 Sep 25: A trifecta of records for the Dow, Nasdaq and S&P 500

Sun, 21 Sep 2025 21:01:50 +0000

Wall Street sailed to fresh record highs, lifted by the prospect of more rate cuts. Technology stocks led the charge as Oracle rose 4% while FedEx gained on stronger-than-expected earnings. In commodities, oil prices slipped on supply concerns while gold and iron ore advanced. Back home, the ASX is set to open higher, with attention turning to RBA governor Michelle Bullock as she fronts a government panel.

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Market Close 19 Sep 25: Third weekly slump for ASX

Fri, 19 Sep 2025 06:45:10 +0000

The ASX200 lifted modestly on Friday but not enough to prevent a third straight weekly loss, with the index slipping about 1% across five sessions. Despite US markets hitting fresh record highs after the Fed’s first rate cut of the year, local gains faded late in the week. Healthcare and financials led Friday’s improvements while energy and materials lagged, and standout movers included Telix Pharmaceuticals on the upside and Santos on the downside after its $30 billion takeover bid collapsed. Looking ahead, investors will focus on next week’s Australian inflation update and a wave of nearly $15 billion in dividends from major companies.

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Morning Report 19 Sep 25: US equities hit record highs after Fed’s rate cut

Thu, 18 Sep 2025 20:59:31 +0000

Wall Street indexes notched record highs, led by Intel’s surge on news of a stake in Nvidia. The Russell 2000 small-cap index also climbed to its first record since November 2021, while CrowdStrike jumped 12% on upbeat long-term guidance. US jobless claims fell by the most in four years, adding to optimism. Meanwhile, the Bank of England held rates steady. Back home, Aussie shares are set to rebound from two-week lows, while the US dollar firmed as the Fed’s rate cuts failed to meet dovish expectations.

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Market Close 18 Sep 25: Santos takeover collapse weighs on market

Thu, 18 Sep 2025 06:43:22 +0000

Australian shares extended losses on Thursday, with the ASX200 down 0.8%. Energy stocks were the hardest hit after Santos tumbled nearly 12% on news a $30 billion takeover bid collapsed. CSL slipped below $200 for the first time since 2019, while Origin Energy and CBA also weighed on the market. In contrast, Nuix surged on a major contract win and uranium miners bounced back. Meanwhile, a weaker-than-expected jobs report adds weight to the case for an RBA cut later this year.

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Morning Report 18 Sep 25: Fed cuts rates by 0.25%

Wed, 17 Sep 2025 20:59:57 +0000

Wall Street ended mixed in choppy trade after the Federal Reserve cut rates and signalled a cautious path for further easing. Fed Chair Jerome Powell cited labour market weakness as a key factor in the decision. Bond yields rose following the Fed move and Powell’s comments, while oil prices eased on U.S. demand concerns. Back home, SPI futures indicate an early loss for the ASX 200, with Aussie shares expected to decline ahead of key jobs data.

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Market Close 17 Sep 25: Largest fall in 2 weeks for Aussie stocks

Wed, 17 Sep 2025 06:45:11 +0000

The Aussie market stumbled to its weakest performance in a fortnight, with the ASX200 closing firmly lower and now sitting about 3% shy of record highs. Losses across miners, financials and consumer stocks outweighed gains for energy shares, helped by a stronger oil price, and Whitehaven Coal, which jumped more than 5%. DroneShield also climbed after securing fresh US defence contracts, while New Hope and gold miners lagged. Attention now shifts to the Federal Reserve’s widely expected rate cut, the tone of Jerome Powell’s comments, and tomorrow’s Australian jobs data.

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Morning Report 17 Sep 25: Stocks halt record-breaking rally in Fed countdown

Tue, 16 Sep 2025 21:03:29 +0000

Wall Street pulled back slightly, with the S&P 500 easing from record highs as traders look ahead to the Federal Reserve’s rate decision. Fresh data showed U.S. retail sales rose strongly in August, underscoring resilience in consumer spending. In company news, Microsoft unveiled a $30 billion investment in UK AI infrastructure, while Google’s Gemini app climbed to the top of Apple’s store rankings. In commodities, oil gained more than 1% following drone attacks in Ukraine, and gold surged to fresh record highs. Back home, Aussie shares are expected to open lower on Wednesday as investors await the Fed’s move.

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Market Close 16 Sep 25: ASX edges higher on mining strength

Tue, 16 Sep 2025 06:38:26 +0000

Australian shares recovered modestly on Tuesday, with the ASX200 up about 0.25% as strength in energy, uranium and gold miners outweighed declines in Qantas, CSL and Super Retail Group. Commodity prices supported the resource sector, with gold hitting fresh record highs and oil rising on supply concerns. Investors remain cautious as they look ahead to a likely US rate cut later this week, as well as local jobs data, and Reserve Bank commentary.

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Morning Report 16 Sep 25: Tesla jumps as Elon Musk makes historic purchase

Mon, 15 Sep 2025 20:56:26 +0000

Wall Street has started the week on the front foot, as Elon Musk’s $1 billion purchase of Tesla shares sent the stock sharply higher. The S&P 500 hit an intraday record as bond yields eased ahead of the Federal Reserve’s policy decision. Globally, the U.S. and China reached a consensus on TikTok, while Beijing moved to target Nvidia under anti-monopoly laws. Meanwhile, President Trump also renewed calls to scrap quarterly earnings reports. Back home, Aussie shares are expected to rise on Tuesday, recovering from a slow start to the week.

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Market Close 15 Sep 25: Gold stocks retreat from record highs

Mon, 15 Sep 2025 06:51:15 +0000

The ASX200 started the week slightly lower, easing less than 0.2% despite soft Chinese economic data and a mixed US lead. Lithium and uranium miners topped the winners list after last week’s heavy losses, while gold stocks retreated following a strong six-week run. AMP and WiseTech also featured among notable movers. Looking ahead, investors will focus on local jobs data, ex-dividends, and a busy week of global central bank meetings, including a widely expected US rate cut.

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Morning Report 15 Sep 25: Wall Street wavers as Fed decision looms

Sun, 14 Sep 2025 21:02:23 +0000

Wall Street posted weekly gains, thanks to some resilience from the Nasdaq, though U.S. equities lost ground in the final hours of trade as investors looked ahead to this week’s Federal Reserve decision. U.S. interest rates retreated from five-month lows, while European markets saw mixed moves after a French credit downgrade kept rates in focus. Back home, futures point to a weaker open for the ASX 200 on Monday, with the Aussie dollar holding above 66 U.S. cents.

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Market Close 12 Sep 25: Strongest lift in over a week for Aussie stocks

Fri, 12 Sep 2025 06:55:07 +0000

Aussie stocks have posted their best lift today since last Thursday, as Steve recounts the session that saw the ASX making up for the modest moves lower of recent days. The strength of the US market had a part to play in this following their unemployment data, locally energy stocks continued to decline, and financials saw gains. Ex-dividend trading continued for a number of stocks, gold miners saw more significant improvements, and Virgin Australia caught attention. Steve looks to the week ahead with jobs growth data something that investors should be watching, and around $2.5 billion in dividends set to be paid to investors.

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Morning Report 12 Sep 25: Dow Jones closes up 600 points, setting record high

Thu, 11 Sep 2025 20:58:56 +0000

Wall Street surged to fresh record highs as investors bet a Federal Reserve rate cut is all but certain. US core CPI rose in line with expectations, keeping the Fed on track to ease policy, while a spike in jobless claims in Texas pointed to ongoing labour market weakness. In company news, Paramount and Skydance are preparing a bid for Warner Bros Discovery. Elsewhere, the European Central Bank left interest rates unchanged. In commodities, oil prices fell 2% due to concerns about oversupply, while iron ore prices declined amid elevated Chinese steel inventories. Back home, Aussie shares are expected to finish the week on a positive note.

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Market Close 11 Sep 25: Aussie market slides for a third time this week

Thu, 11 Sep 2025 06:47:20 +0000

The Aussie market has slid for a third time this week. Steve discusses this session which reversed the small gains of Wednesday and discusses the catalysts likely to spark a US rate cut. Locally healthcare and banking seen declines, and gold miners continued to gain attention with the precious metal on a tear. PolyNovo has bounced back from the recent declines, defence contracts saw some well-known names grow, and a lot of ex-dividend stocks saw declines.

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Morning Report 11 Sep 25: Wall Street hits record highs on Oracle AI optimism

Wed, 10 Sep 2025 20:59:15 +0000

The S&P 500 and Nasdaq climbed to fresh record highs after U.S. wholesale prices fell. Bond yields also slipped on the softer PPI data, adding to market optimism. Elsewhere, Oracle shares surged the most since 1992 on major cloud contract wins, sparking a rally in other AI-related stocks, while Synopsys posted its steepest drop in three decades as trade tensions weighed on sales. Turning to commodities, oil rose for a third straight day, iron ore eased on profit-taking, and gold hovered near record highs. Back home, Australian shares are set to open lower on Thursday, with the Aussie dollar slipping to 66 U.S. cents.

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Market Close 10 Sep 25: Worst day of 2025 for lithium stocks

Wed, 10 Sep 2025 06:40:10 +0000

The ASX200 rose by a third of a percent, its first gain of the week, supported by banks after yesterday’s job cut announcements at ANZ and NAB. Lithium miners slumped sharply on news China’s CATL may restart production, while Iluka also tumbled on plans to halt WA operations. Nine of 11 sectors advanced, though energy stocks eased. Investors now look ahead to key US inflation data due over the next two days.

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Morning Report 10 Sep 25: US share markets hit record highs despite job worries

Tue, 09 Sep 2025 20:59:34 +0000

Wall Street closed at record highs despite lingering economic concerns, as US payrolls were revised down by record levels. Additionally, Treasuries snapped their winning run as investors awaited key inflation data. In company news, Apple unveiled its iPhone 17 line-up, though shares slipped slightly, while Anglo American and Teck Resources agreed to merge in what will be the world’s second-largest mining deal. In commodities, oil rose following an Israeli attack on Qatar, iron ore rallied amid concerns over Simandou supply, and gold scaled new record highs. Back home, Aussie shares are set to open flat on Wednesday despite those stronger energy prices.

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Market Close 09 Sep 25: Aussie stocks dip for a second day

Tue, 09 Sep 2025 06:47:25 +0000

The Aussie market has fallen again today marking a poor start for September following the multitude of record highs in August. Steve joins to discuss the US jobs market and interest rates, how France losing their prime minister is creating uncertainty in Europe, and the performance of the local sectors with only tech and consumer discretionary rising slightly amid a sea of red. Gold miners continued to improve, Nine Entertainment gained attention, and Steve runs through the stocks trading ex-dividend. He discusses business and consumer confidence results and looks to the day ahead.

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Morning Report 09 Sep 25: Nasdaq hits record high as traders focus on rate cuts

Mon, 08 Sep 2025 20:59:45 +0000

Wall Street managed to stay afloat as falling long-term interest rates offset signs of weakening consumer confidence, which weighed on labour market expectations. Technology stocks led the gains, with Broadcom rising on news of an AI partnership with OpenAI, while Robinhood surged 15% after being included in the S&P 500. In Europe, debt concerns deepened as crisis-prone France slipped further into fiscal trouble. Elsewhere, Argentine markets plunged after President Milei’s party lost ground to the Peronists, while gold prices hit new record highs amid rising political uncertainty. Back home, Aussie shares are expected to fall ahead of key confidence surveys, although the Aussie dollar strengthened on the back of a weaker US dollar.

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Market Close 08 Sep 25: Energy stocks drag as ASX dips

Mon, 08 Sep 2025 06:51:31 +0000

The ASX200 slipped a quarter of a percent as energy stocks weighed, following weaker oil prices and an OPEC+ decision to lift output. Tech, healthcare and property trusts provided rare gains, while winners included DroneShield, Life360 and uranium miners. Attention now shifts to US inflation data released midweek and a likely Federal Reserve rate cut next week.

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Morning Report 08 Sep 25: Wall Street slumps on job concerns

Sun, 07 Sep 2025 20:59:00 +0000

US stocks fell as concerns over a weakening job market weighed on sentiment, with unemployment rising to its highest level in four years. Long-term interest rates tumbled as traders priced in further rate cuts, while oil prices came into focus after OPEC announced a production increase. Elsewhere, Japanese bonds drew caution following the Prime Minister’s resignation. Back home, Aussie shares are set to open lower on Monday after posting their first weekly loss in five.

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Market Close 05 Sep 25: Strong end to a shaky start to the month

Fri, 05 Sep 2025 06:52:19 +0000

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 declined with all others in the green, mining stocks have helped the market after recovering later in the session, and PolyNovo rose again. Gold miners stood out with the precious metal price at record highs, a number of stocks traded ex-dividend, and Steve looks at what to watch in the days ahead.

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Morning Report 05 Sep 25: S&P 500 hits all-time high before US jobs report

Thu, 04 Sep 2025 21:00:58 +0000

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 hike, while iron ore climbed to multi-week highs on hopes of improving Chinese demand. Back home, Australian shares are expected to open higher on Friday.

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Market Close 04 Sep 25: Aussie stocks bounce back with a 1% lift

Thu, 04 Sep 2025 06:47:54 +0000

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 attention, and Domino’s saw a gain after a run of declines. Ex-dividend trading impacted a handful of stocks including NIB and TPG, and Steve looks to the day ahead.

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Morning Report 04 Sep 25: Stocks and bonds rise as weak job ads fuel Fed bets

Wed, 03 Sep 2025 20:56:53 +0000

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, oil eased as OPEC weighed another output hike, iron ore extended gains after Goldman Sachs lifted its price forecast, and gold hit a record high. Back home, Aussie shares are expected to rebound on Thursday after recording their steepest drop in nearly five months.

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Market Close 03 Sep 25: Worst day in five months for Aussie stocks

Wed, 03 Sep 2025 06:39:18 +0000

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 hardest, though GrainCorp, Tabcorp and PECSA found support from broker upgrades.

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Morning Report 03 Sep 25: Stocks join bond rout after US holiday weekend

Tue, 02 Sep 2025 21:00:17 +0000

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 stock performance. In commodities, gold surged to record highs and oil gained after the US imposed sanctions on Iran. Closer to home, Australian shares are set to fall for a fourth consecutive session, with investors awaiting key economic growth data.

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Market Close 02 Sep 25: The Aussie market hits a two-week low

Tue, 02 Sep 2025 06:51:44 +0000

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 to play. He unpacks the sea of red today with Reece and Platinum Asset Management gaining attention among the losers, but PolyNovo managed a win, with NRW Holdings being another standout.

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Morning Report 02 Sep 25: Stocks rebound modestly as testing month begins

Mon, 01 Sep 2025 20:55:09 +0000

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 fastest pace in five months. In commodities, oil prices firmed ahead of this week’s OPEC meeting, while gold hovered near a four-month high. Back home, Aussie shares are set to open slightly lower on Tuesday as investors brace for a data-heavy week.

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Market Close 01 Sep 25: Rough start to September for Aussie stocks

Mon, 01 Sep 2025 06:48:41 +0000

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 Mesoblast and Mineral Resources weakened. With a wave of companies set to trade ex-dividend this week, plus key local economic data and US jobs numbers ahead, markets face a busy start to the new month.

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Morning Report 01 Sep 25: Wall Street ends lower as investors weigh latest inflation figures

Sun, 31 Aug 2025 20:56:52 +0000

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 streak to five months. Back home, the ASX is set to open lower on Monday, with energy stocks in focus as oil prices ease ahead of the OPEC meeting.

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Market Close 29 Aug 25: ASX200 hits 10 record highs in August

Fri, 29 Aug 2025 06:53:10 +0000

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 mixed performance with tech and energy seeing gains, and healthcare and banking seeing some declines. Steve looks at the winners and losers with Austal and Harvey Norman gaining attention, and he looks to the week ahead with a flood of economic data expected.

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Morning Report 29 Aug 25: S&P 500 tops 6,500 on solid US economic data

Thu, 28 Aug 2025 21:01:57 +0000

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. Closer to home, Aussie shares are set to open lower on the final day of reporting season.

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Market Close 28 Aug 25: Aussie stocks edge higher in huge day for results

Thu, 28 Aug 2025 06:50:09 +0000

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 sectors with energy stocks dropping as stocks traded ex-dividend. IDP Education was a big winner today, as was Qantas helped by Jetstar, and Steve looks to the day ahead with more profit results on the cards and more dividends expected to be paid out.

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Morning Report 28 Aug 25: Wall Street hits new records ahead of Nvidia earnings

Wed, 27 Aug 2025 21:08:47 +0000

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 markets shrugged off Fed drama, and Albemarle gained on a stronger lithium price outlook. Energy stocks also led the advance as US crude inventories declined. Back home, the ASX is set for a flat start on Thursday ahead of results from Wesfarmers.

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Market Close 27 Aug 25: Earnings spark wild swings and inflation surprises

Wed, 27 Aug 2025 06:43:09 +0000

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%. Gold miners also climbed as safe-haven demand lifted prices.

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Morning Report 27 Aug 25: US shares rise and bond yields fall on Fed independence concerns

Tue, 26 Aug 2025 21:01:13 +0000

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 launch of its new iPhone 17. In bonds, the US yield curve steepened after Trump moved to oust Fed Governor Lisa Cook. Elsewhere, oil fell 2% from a near three-week high, while back home, Aussie shares are expected to rise on Wednesday ahead of key inflation data and Woolworths’ results.

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Market Close 26 Aug 25: Coles and Woolies keep losses to a minimum

Tue, 26 Aug 2025 06:49:45 +0000

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 following better than expected earnings data, Woolworths is expected to deliver their results tomorrow, and Fortescue Metals dragged on the mining sector. In the day ahead monthly inflation data could gain attention, a number of stocks will trade ex-dividend, and the profits reporting continues.

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Morning Report 26 Aug 25: Wall Street ends lower as investors focus on Nvidia and the Fed

Mon, 25 Aug 2025 20:57:27 +0000

Wall Street ended lower as investors digested the hangover from the Jackson Hole symposium over the weekend. Stocks pulled back, halting their Fed-fuelled rally as bond yields moved higher, with bond investors taking a cautious view of the next fortnight. In company news, Keurig Dr Pepper tumbled after announcing an $18 billion acquisition, while sector-specific tariffs weighed on furniture makers. Meanwhile, the US dollar steadied following its slump on Powell’s dovish surprise, and oil prices climbed as Russia-Ukraine peace talks dragged on. Back home, Aussie shares are expected to slip from record highs, with earnings results from Coles and Fortescue in focus today.

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Market Close 25 Aug 25: ASX steadies as results season heats up

Mon, 25 Aug 2025 06:50:12 +0000

The ASX200 edged higher on Monday, briefly hitting its ninth record in 11 sessions before slipping back below 9,000. Resource stocks rose on stronger gold, oil and iron ore prices, while banks weighed. Southern Cross Media and Aussie Broadband jumped around 20% on upbeat results, while Ansell, Pilbara Minerals, PolyNovo and Zip also gained. In contrast, Reece had one of its worst days in decades, with EVT and Endeavour also sliding. Investors now turn to a packed week of earnings from Coles, Fortescue and more, alongside growing expectations of a September US rate cut.

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Morning Report 25 Aug 25: Surge in buying pushes Wall Street to new record highs on Fed signal

Sun, 24 Aug 2025 20:58:01 +0000

Wall Street surged to fresh record highs after the Jackson Hole symposium, with Fed Chair Jerome Powell hinting at the prospect of lower interest rates. US stocks rallied broadly, lifting most sectors, while bond yields sank on growing bets of a September rate cut. Locally, futures point to record levels for the ASX 200, as commodity prices firm, the US dollar softens, and the Aussie dollar strengthens on Greenback weakness.

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Market Close 22 Aug 25: Markets take pause following record highs

Fri, 22 Aug 2025 06:53:54 +0000

The Aussie market eased on Friday, snapping its run of record highs as the ASX 200 slipped around half a percent to just under 9,000 points. Healthcare stocks weighed heavily, with CSL plunging after its restructure plans, while James Hardie also disappointed. On the flipside, Zip surged after strong US growth, while NRW and Helia posted gains. Ingham’s and Guzman y Gomez tumbled on results, and Regis Resources pulled back despite a strong year. Attention now shifts to Jerome Powell’s keynote at Jackson Hole and a busy week of earnings ahead, with results due from Coles, Woolworths, Qantas, Wesfarmers, and NVIDIA.

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Morning Report 22 Aug 25: US stock slide deepens before Powell speech

Thu, 21 Aug 2025 20:59:12 +0000

US stocks slumped overnight with the S&P 500 posting its fifth straight losing day and as investors count down the hours to Jackson Hole. US Treasuries also weakened as traders trimmed their rate-cut bets. Elsewhere, Walmart tumbled on a rare profit miss, while oil gained 1% amid stalled Russia-Ukraine peace talks. Back home, Aussie shares are set to ease from record highs, with results due from Inghams, Zip, and Guzman y Gomez today.

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Market Close 21 Aug 25: Another milestone for Aussie stocks

Thu, 21 Aug 2025 06:52:09 +0000

The Aussie market has hit another milestone today showcasing the best performance in a couple of weeks, with a number of stocks growing by more than 10%. Steve discusses this monumental session driven by the busiest day of profits reporting for the year. All of the sectors saw gains with 7 in every 10 stocks rising. Among the winners today were Bega Cheese, Brambles, and Downer EDI, and IPH was the worst performer, and Steve looks at what could move markets in the day ahead.

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Morning Report 21 Aug 25: Tech-led slide continues after Fed minutes

Wed, 20 Aug 2025 20:58:37 +0000

US markets retreated as investors digested the latest Fed minutes, which reinforced the central bank’s focus on taming inflation. Treasuries extended gains following a strong bond auction, while the US dollar slipped after Donald Trump called for Fed governor Lisa Cook to resign. In company news, Target appointed an insider as CEO to spearhead its turnaround, TJX (the owner of TJ Maxx) beat expectations, and Estée Lauder moved to cut prices despite the drag from tariffs. Back home, Aussie shares are set to open higher, supported by rising oil prices and local investors will be watching earnings from Whitehaven Coal, Bega Cheese, Brambles, and Goodman Group.

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Market Close 20 Aug 25: ASX 200 closing in on 9000 points

Wed, 20 Aug 2025 06:46:04 +0000

The ASX 200 ended modestly higher after a choppy session, with investors digesting profit results and awaiting a key speech from US Fed Chair Jerome Powell. Heavy losses in miners and healthcare, including further weakness in CSL, were offset by strong gains in the big banks. James Hardie slumped on weak US demand, while Breville and Iluka also disappointed. On the upside, Magellan, Stockland, Lottery Corp and Transurban all posted strong results and lifted sharply.

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Morning Report 20 Aug 25: Nvidia leads tech summer slide

Tue, 19 Aug 2025 21:00:18 +0000

Wall Street closed lower overnight as jitters ahead of Jackson Hole and a tech-led slide disrupted the summer calm. In company news, Home Depot reported stronger sales as shoppers shifted to smaller projects, while Palantir tumbled 9%, marking its fifth straight day of losses. On the economic front, US housing starts climbed to a five-month high. Elsewhere, the Reserve Bank of New Zealand is widely expected to cut interest rates. Back home, Aussie shares are set to open higher on Wednesday ahead of a busy slate of earnings results.

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Market Close 19 Aug 25: The largest fall on record for CSL shares

Tue, 19 Aug 2025 06:52:22 +0000

One stock accounted for almost of the declines across the ASX today. Steve joins the podcast to reflect on the end to the recent winning streak bringing the first decline in a while. He discusses the imminent US rate cut decision, the Aussie sectors with healthcare seeing substantial declines amid CSL shares dropping more than 16%. Seek was one of the winners today following their latest results, and Steve looks to the day ahead with CBA set to go ex-dividend, and major US retail stocks expected to release their earnings data as the week continues.

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Morning Report 19 Aug 25: Bank stocks gain on rate cut outlook

Mon, 18 Aug 2025 20:56:58 +0000

Wall Street held steady as investors brace for the Jackson Hole Symposium, while the US dollar climbed as Donald Trump hosted talks on Ukraine. Elsewhere, Private equity giant Thoma Bravo was reported to be in discussions to acquire software firm Dayforce, and the Trump administration is weighing a potential 10% stake in Intel. Solar stocks gained on the back of a favorable tax credit ruling, while US bonds rose as bets on a September rate cut remained intact. Back home, Aussie shares are set to retreat from record highs, with investors eyeing earnings results from Woodside Energy, BHP, and CSL.

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Morning Report 18 Aug 25: Cautious investors look ahead to Jackson Hole

Sun, 17 Aug 2025 21:00:45 +0000

Wall Street eased from record highs as investors turned cautious ahead of the Jackson Hole Symposium. Meanwhile, UnitedHealth experienced a double-digit surge following Warren Buffett's investment, while Applied Materials declined due to a weaker outlook. Back home, Aussie shares are set to open lower on Monday after Friday’s record finish, with local investors bracing for a wave of earnings reports.

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Market Close 15 Aug 25: Longest run of record highs in over a decade

Fri, 15 Aug 2025 06:46:41 +0000

The record high streak has continued for the Aussie market as it has now hit all-time best levels for 5 consecutive days. Steve reflects on a week that has seen the ASX200 up around 0.7% with a fourth gain in 5 days and discusses the upcoming week which will be one of the busiest for earnings results. Steve unpacks the latest on the tariff situation, the part that has played in the recent streak of strong performance, and the other factors contributing to investor confidence. The majority of the sectors saw gains, Baby Bunting caught attention with a 38% rise, and Ampol was the standout on the local market.

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Morning Report 15 Aug 25: Stock rally hits a wall as US inflation picks up

Thu, 14 Aug 2025 20:57:29 +0000

US stocks pulled back from record highs as investors digested fresh inflation data, with Treasuries sliding after wholesale price figures dented expectations for rate cuts. Meanwhile, the Trump administration is reportedly considering taking a stake in Intel, while Cisco signalled stronger AI-related sales. Oil prices climbed to a one-week high ahead of Trump–Putin talks, and the US dollar strengthened as producer prices surged. Back home, Australian shares are set to open flat ahead of earnings reports from Mirvac and Cochlear.

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Market Close 14 Aug 25: Four days of record highs

Thu, 14 Aug 2025 06:45:46 +0000

The market has bounced back impressively today following the modest declines of yesterday and marking four sessions of setting record highs. Steve reflects on the session where jobs growth and earnings reports have dominated, and how gains in US market overnight supported our performance. Temple and Webster saw a lift today following better than expected earnings data, Westpac also saw a substantial gain, and Telstra dragged on the telecommunications sector. Steve looks to the day ahead with inflation data set to gain attention alongside household spening.

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Morning Report 14 Aug 25: Stocks and bonds climb on Fed cut hopes

Wed, 13 Aug 2025 20:56:33 +0000

Wall Street scaled new record highs overnight as investors continued to anticipate interest rate cuts and with small-cap stocks outperforming their larger tech counterparts. Meanwhile, Scott Bessent suggested Nvidia and AMD’s agreements with China could serve as a model for other firms, while CoreWeave shares tumbled after widening losses from its AI buildout. On the other hand, Paramount shares soared 36%, and Bullish doubled in its NYSE debut. Back home, Aussie shares are expected to rebound on Thursday as investors brace for the release of the July jobs report, with Telstra’s earnings also in focus today.

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Market Close 13 Aug 25: Profit results weigh on ASX200

Wed, 13 Aug 2025 06:48:03 +0000

The ASX200 slipped around half a percent despite briefly touching a third straight all-time high at the open, with more winners than losers overall but some heavyweight profit results dragging the index lower. Miners and healthcare stocks helped offset losses in financials and utilities, while standout movers included Tyro Payments after takeover interest, Evolution Mining on strong gold prices, and IAG on a big profit lift. On the downside, CBA tumbled after results, AGL swung to a loss, and Beach Energy fell on a broker downgrade. Investors are now watching tomorrow’s July jobs data for clues on the next RBA move.

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Morning Report 13 Aug 25: US inflation fuels bets that Fed will cut rates

Tue, 12 Aug 2025 20:58:40 +0000

Wall Street surged to new record highs as investors celebrated subdued goods inflation, with two-year US Treasury yields falling after the release of the consumer price data. Meanwhile, Airline stocks jumped as airfares lifted, while in commodities, oil prices dipped ahead of inventory reports. Back home, Aussie shares are expected to extend gains from all-time highs, and the Aussie dollar has strengthened despite yesterday's rate cut from the RBA. Today, earnings reports from CBA, AGL Energy and Treasury Wine Estates will be in focus.

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Market Close 12 Aug 25: Rate cut drives ASX200 to a fresh record

Tue, 12 Aug 2025 06:39:16 +0000

It has been an interesting day for the Aussie market as the session got off to a timid start. Steve joins us to reflect on the performance which picked up following the RBA decision to cut rates and sending the market to hit a new record high. He discusses the RBA decision and what could be expected around further rate cuts, the big winners with Life360 and JB Hi-fi gaining attention, and he looks to the day ahead with US inflation data set to precede the opening of US markets, and more earnings data from stocks including CBA and Computershare.

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Morning Report 12 Aug 25: Stocks stall ahead of inflation report

Mon, 11 Aug 2025 20:53:10 +0000

Wall Street gave up early gains as investors turned cautious ahead of key U.S. inflation data. Micron shares surged on a profit upgrade, while Hershey plunged as cocoa prices climbed. Nvidia shares were in focus after President Trump signaled he was open to the company selling scaled-back Blackwell chips to China. Trump also extended the China tariff truce for 90 days and urged them to quadruple their U.S. soybean purchases, sending soybean prices higher. Elsewhere, gold slipped after Trump said imports wouldn’t be tariffed. Back home, Aussie shares are expected to edge lower from record highs on Tuesday ahead of the RBA’s interest rate decision. Local earnings remain in focus with market favourite Life360 set to report.

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Market Close 11 Aug 25: Record highs ahead of RBA decision

Mon, 11 Aug 2025 06:52:01 +0000

The Aussie market kicked off the week on a positive note, with the ASX200 touching another record high before settling about a third of a percent higher, supported by strength in miners and major banks. Lithium stocks surged after reports the world’s biggest EV battery maker may pause operations, while IDP Education jumped on broker upgrades and policy changes for foreign students. JB Hi-Fi slipped despite strong results amid a leadership change. Investors now look ahead to a busy week featuring the RBA’s expected third rate cut of the year, key local jobs and wages data, US inflation figures, and results from major names including CBA, Cochlear, IAG, and Telstra.

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Morning Report 11 Aug 25: Rate cut outlook pushes Wall Street to new record highs

Sun, 10 Aug 2025 20:56:21 +0000

Wall Street shook off growth and trade concerns to close at new record highs, with the tech sector leading gains. The S&P 500 notched its 18th record close of the year, finishing the week up 2.4%, as growing calls for interest rate cuts continued to drive stocks higher. In commodities, oil prices remained in focus ahead of a highly anticipated meeting between U.S. President Donald Trump and Russian President Vladimir Putin. Back home, Aussie shares are poised to edge higher on Monday as the local earnings season gathers pace, with results due from CarSales and JB Hi-Fi. Local investors are also turning their attention to the RBA, which is widely expected to deliver a rate cut on Tuesday.

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Market Close 08 Aug 25: Aussie stocks slide for a second day

Fri, 08 Aug 2025 06:53:35 +0000

The market has slipped slightly today marking two days of declines but still remains up overall across the month. Steve is solo today to reflect on a week which has seen more record highs, and to discuss the tariff rollout and how that alongside sluggish economic data has impacted markets. Mining stocks have seen some gains today minimising the losses on the ASX, Iress and Nick Scali caught attention today, and Steve unpacks what could move markets in the days ahead including the upcoming Reserve Bank meeting and US inflation data.

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Morning Report 08 Aug 25: Stocks halt rally as weak bond sales lift yields

Thu, 07 Aug 2025 21:03:24 +0000

Wall Street closed lower as rising rates and weak bond demand pressured markets. Treasury yields rose after soft bond auction results, dragging equities down. Healthcare stocks declined, with Eli Lilly falling on disappointing weight-loss drug data. Tech also struggled, with Fortinet plunging over 20% after a weak refresh cycle. Meanwhile, Trump announced tariffs on imported chips and urged Intel’s CEO to resign, unsettling the semiconductor space. In commodities, oil fell on news of a planned Trump-Putin meeting, easing geopolitical tensions. Elsewhere, the Bank of England cut rates to 4% in response to cooling inflation. Back home, Aussie shares are tracking lower for the week, though QBE is expected to report higher profits despite yield headwinds.

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Market Close 07 Aug 25: Retailers jump ahead of Aussie rate cut

Thu, 07 Aug 2025 06:48:14 +0000

Following the record-breaking session yesterday, the market seems to have taken a breather today. Laura and Stevie reflect on the session, and tariffs continue to make headlines as a number of them come into play today. The sectors saw mixed performance locally with financials being dragged by the ASX amid recent criticism, Newscorp gained attention following their earnings data, and they look to the day ahead with US earnings season continuing.

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Morning Report 07 Aug 25: US markets close higher as Apple shares rally

Wed, 06 Aug 2025 21:00:08 +0000

Wall Street rebounded overnight as investors digested a wave of corporate earnings. Apple helped lift the Nasdaq, boosted by optimism around increased investment in domestic manufacturing. McDonald’s shares rose after the fast food giant returned to sales growth, thanks to popular budget meal deals. Yet not all earnings impressed. AMD slipped as China concerns overshadowed its upbeat AI outlook while Walt Disney also dropped, forecasting lower earnings ahead. Match Group announced a $50 million investment, citing a rosy outlook for the online dating market. In commodities, oil prices slid to an eight-week low on continued uncertainty around US-Russia relations. Back home, the ASX is expected to ease from record highs, as falling commodity prices weigh on local shares.

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Market Close 06 Aug 25: New highs unlocked for Aussie market

Wed, 06 Aug 2025 06:45:50 +0000

Aussie stocks cracked fresh record highs today, with the ASX 200 lifting past 8,800 points for the first time ever. Markets are buoyed by optimism around US rate cuts and easing trade uncertainty, even as Trump’s new tariffs come into effect tomorrow. Meanwhile, a tagging error by the ASX sparked confusion for TPG Telecom, and gold stocks rallied on the final day of the Diggers and Dealers forum. Plus, REA Group soared on strong earnings, IDP Education bounced, and Pinnacle and News Corp surged.

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Morning Report 06 Aug 25: US stocks fall as services flash warning signals

Tue, 05 Aug 2025 20:55:09 +0000

Wall Street ended lower overnight, surrendering early gains as investors weighed fresh signs of ‘stagflation’. In corporate news, Caterpillar revealed the impact of tariffs on its earnings, while Donald Trump announced plans to lift tariffs on pharmaceutical and semiconductor imports. Meanwhile, Tesla shares dipped on weaker sales in Europe, and oil prices fell for a fourth straight session amid cooling demand. Locally, the ASX is expected to approach record highs on Wednesday. Ryan and Tom also preview REA’s upcoming earnings.

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Market Close 05 Aug 25: A whisker away from record high

Tue, 05 Aug 2025 06:32:14 +0000

It has been the best day in two weeks for the Aussie market as it once again neared a record high. Laura and Stevie reflect on this session that saw all 11 sectors with improvements, the part that US jobs data may have played in investor sentiment and discuss the winners and losers with 9 in every 10 stocks seeing gains. Telix Pharmaceuticals fell the most today, Austal gained attention and lifted strongly, and they look to the day ahead with a large number of earnings still to be reported on.

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Morning Report 05 Aug 25: Dip buying drives S&P 500 to best day since May

Mon, 04 Aug 2025 20:57:07 +0000

Wall Street notched its best day since May, with the S&P 500 jumping 1.5% as weaker US payrolls boosted hopes for rate cuts. Investors took the soft jobs data as a sign that the Fed may ease policy sooner than expected. Meanwhile, Tesla rallied after news of a $30 billion pay deal for Elon Musk, while Spotify shares climbed on news of premium subscription price hikes. In retail, American Eagle soared over 20%, driven by Sydney Sweeney’s viral campaign and a surprise endorsement from Donald Trump. On the commodities front, oil prices fell as OPEC raised output, easing supply concerns and pressuring energy stocks. Back home, the ASX is set to open higher, with investors awaiting job ads and spending data for local economic cues.

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Market Close 04 Aug 25: Gold stocks sparkle as market treads water

Mon, 04 Aug 2025 06:46:01 +0000

A quiet start to the week on the Aussie market as a bank holiday in NSW keeps trade light, but gold miners shine as the price of the precious metal surges. With reporting season now underway, Beach Energy stood out after announcing a record dividend, while BlueScope Steel slipped despite outlining plans for a potential green steel play in Whyalla. Meanwhile, ANZ led the big banks lower, and energy stocks struggled as oil prices dropped following fresh OPEC+ output moves. Plus, we look ahead to a week of earnings and data, including results from Credit Corp and updates on household spending and Chinese services activity.

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Morning Report 04 Aug 25: Wall Street slumps as growth concerns haunt investors

Sun, 03 Aug 2025 20:54:02 +0000

Wall Street ended the week sharply lower, dragged down by weak economic data and renewed concerns over U.S. growth. July’s jobs report disappointed, with just 73,000 positions added, well below expectations and fueling fears of a slowdown. Markets are now increasingly pricing in a possible Fed rate cut in September. In corporate news, Amazon shares slid after quarterly earnings failed to meet high expectations, while homebuilding stocks gained on falling interest rates. Back home, Aussie shares are set to open the week lower as investors brace for earnings season.

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Market Close 01 Aug 25: Markets react to tariff deadline

Fri, 01 Aug 2025 06:49:13 +0000

The long-awaited tariff deadline has landed today, and the market has dropped in response. This decline has wiped out the gains from prior in the week, and Laura and Stevie unpack what unfolded with the Trump administration revealing multiple tariffs. Australia’s tariff was low compared to other countries, even New Zealand being given a higher tariff, and Canada has seen a tariff in excess of 30%. The financial sector has declined today weighing on the market, and utilities was the only sector to see gains. Resmed has been one of the winners on the market today, while Star Entertainment hit an all-time low, and Laura and Stevie look to the week ahead.

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Morning Report 01 Aug 25: US shares end July on the back foot

Thu, 31 Jul 2025 20:52:54 +0000

Wall Street retreated overnight despite upbeat earnings from major tech stocks. Microsoft hit a $4 trillion market cap after beating earnings expectations, while Meta seized the moment to ramp up its aggressive AI spending. Elsewhere, eBay shares jumped on signs of consumer resilience, but Amazon's gloomy earnings forecast weighed on its stock. Adding to the cautious sentiment, US inflation picked up in June, and copper prices tumbled on fresh tariff concerns. Back home, Australian home prices rose for a sixth straight month, but local shares are expected to open August lower after gaining 2% through July.

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Market Close 31 Jul 25: Four months of gains for Aussie stocks

Thu, 31 Jul 2025 06:36:46 +0000

The month has ended up overall. Laura and Stevie reflect on four months of improvements despite the local market dropping slightly today. US interest rates are back in the conversation and trade deals remain in focus with South Korea the latest to make a deal and the deadline set for tomorrow with many still to announce deals. Locally, only two of the sectors fell today, and it was largely mining that weighed on the market following data out of China and talk of copper tariffs from President Trump. Flight Centre saw significant declines today, the tech sector hit record highs, and Laura and Stevie look to the day ahead.

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Morning Report 31 Jul 25: Wall Street slumps on Fed caution

Wed, 30 Jul 2025 20:54:33 +0000

Wall Street closed lower as Fed Chair Jerome Powell tempered expectations for a September rate cut. The Federal Reserve held interest rates steady despite pressure from President Trump, reinforcing a cautious stance amid resilient economic data. In corporate news, Microsoft and Meta both surged in after-hours trading following stronger-than-expected earnings results. In contrast, Freeport-McMoRan shares slid after the announcement of new copper tariffs. Meanwhile, jobs data surprised to the upside, highlighting ongoing strength in the U.S. labor market, and the U.S. dollar extended its rally for a fifth straight day. Back home, Aussie shares are set to open lower ahead of the release of retail spending figures.

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Market Close 30 Jul 25: Record highs in sight as inflation cools

Wed, 30 Jul 2025 06:50:50 +0000

The Aussie market surged after quarterly inflation came in softer than expected, pushing interest rate cut odds beyond 100% and leaving the ASX just four points shy of a record high. Property trusts, consumer stocks, and financials rallied, while standout moves included gains for PolyNovo, Pilbara, and DroneShield. On the flip side, IGO tumbled on production issues. Plus, we look ahead to US rate decisions, Jerome Powell’s speech, and earnings from Meta, Microsoft, Amazon, and Apple.

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Morning Report 30 Jul 25: S&P 500 snaps six-day winning streak as bonds climb

Tue, 29 Jul 2025 20:54:18 +0000

Wall Street snapped a six-day winning streak overnight, as investors turned cautious ahead of the highly anticipated Federal Reserve meeting. Industrials led the declines on the S&P 500, with UPS plunging after a disappointing earnings miss. The Dow Jones was weighed down by UnitedHealth, which slumped following a downbeat outlook, while Whirlpool shares tumbled amid delays to expected tariff relief. Back home, Aussie shares are set to fall on Wednesday, with attention turning to the release of quarterly inflation data. The Aussie dollar also slipped, as the US dollar climbed to a one-month high.

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Market Close 29 Jul 25: Inflation, trade talks, and earnings in focus

Tue, 29 Jul 2025 06:46:11 +0000

The market has tread water again today only inching slightly higher toward the end of the session, likely fuelled by the fact that we are in for a huge amount of potentially market moving events to end the week. Among those events are trade deals and deadlines as negotiations continue, and more company news. The majority of sectors saw modest gains with the energy sector the best performer despite the sector including one of the worst performers of the day, and they look to the days ahead with more US earnings expected.

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Morning Report 29 Jul 25: S&P 500 and Nasdaq close at record highs

Mon, 28 Jul 2025 20:59:16 +0000

Despite a cautious mood, US stocks held near record highs, while the US dollar recorded its biggest jump since May as trade jitters eased. Super Micro Computer surged on optimism around China-US trade relations, and Nike shares climbed following a broker upgrade, with analysts urging investors to "just buy it" ahead of the Soccer World Cup. In Europe, Heineken shares slipped after the company flagged flat sales volumes for the year. Meanwhile, in commodities, gold fell to a three-week low, while oil prices rose 2% on the back of a new US-EU trade agreement. Back home, Aussie shares are expected to open lower on Tuesday, with mining stocks still under pressure. Ryan and Tom also preview the upcoming US interest rate decision and what it could mean for markets.

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Market Close 28 Jul 25: Aussie shares edge up in calm before the storm

Mon, 28 Jul 2025 06:45:22 +0000

The Aussie market edged higher to kick off what's shaping up to be one of the biggest weeks of the year, with major earnings, inflation data and a US rate decision all on the radar. Boss Energy crashed 43% after a shock downgrade, while lithium miners tumbled despite bullish broker calls. WiseTech named a new CEO, Helloworld soared 14% on a surprise upgrade, and Bellevue Gold fizzled after early gains. Laura breaks down the key moves and what’s coming next in a jam-packed week.

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Morning Report 28 Jul 25: Better earnings help push Wall Street to new record highs

Sun, 27 Jul 2025 20:53:13 +0000

Wall Street closed the week at fresh record highs, driven by strong corporate earnings and easing concerns about interest rates. Among the earnings standouts, gold miner Newmont surged after posting record quarterly results. Meanwhile, interest rates continued to moderate ahead of key jobs and inflation data due later this week. Back home, Aussie shares are expected to open the week lower, with investors digesting the latest global trends.

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Market Close 25 Jul 25: A huge week ahead

Fri, 25 Jul 2025 06:54:02 +0000

The Aussie market slipped on Friday as miners gave back gains and financials dragged, capping a choppy week that saw markets flirt with record highs. Energy outperformed thanks to rising oil prices, while Newmont hit a fresh high and CSL lifted healthcare back into positive territory for the year. AMP pulled back despite strong earlier gains. With inflation data, retail trade, central bank decisions and earnings from Microsoft, Meta and Amazon all ahead, next week is set to be one of the biggest of the year.

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Morning Report 25 Jul 25: Stocks close at record highs as alphabet fuels AI hopes

Thu, 24 Jul 2025 21:01:18 +0000

It was a mixed bag of earnings overnight. Tom and Ryan unpack the US session with bond yields increasing while the US dollar dropped, and the S&P 500 and Nasdaq closing at record highs. Alphabet and Tesla again dominated the conversation, and energy stocks have seen gains amid a climb in oil prices. Ryan shares expectations around upcoming rate cuts amid unexpected employment numbers, Chipotle shares saw a significant cut, as did IBM and United Healthcare, and tech stocks saw gains potentially fuelled by Alphabet’s earnings.

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Market Close 24 Jul 25: Aussie stocks dip on RBA comments

Thu, 24 Jul 2025 06:25:52 +0000

The Aussie market snapped its winning streak despite a strong US lead, with the ASX200 turning lower after RBA Governor Michele Bullock warned inflation may not fall as quickly as hoped. That cast doubt over an August rate cut, even as markets still expect it. Fortescue jumped on record iron ore shipments, while Bapcor plunged 29% on a profit warning. CSL helped lift healthcare, the only sector in the green, and Macquarie fell on leadership changes. We also cover moves from PEXA, Boss Energy, and Lynas Rare Earths, plus results from Alphabet and Tesla.

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Morning Report 24 Jul 25: US shares hit record highs on hopes for trade deal

Wed, 23 Jul 2025 20:58:08 +0000

Encouraging trade news and earnings numbers that have bettered expectations have resulted in new record highs for the US market overnight. Tom and Ryan reflect on the earnings and updates from Tesla, and the performance of Alphabet. Lamb Weston was a top performer overnight, and GoPro and Krispy Kreme seem to be being fuelled by retail obsessed Reddit investors. NVIDIA beat earnings expectations, European markets saw car makers gain ground, and the Aussie dollar has continued to rise.

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Market Close 23 Jul 25: Trade deals spur market gains

Wed, 23 Jul 2025 06:45:00 +0000

The Aussie market climbed around 0.75% on Wednesday, edging closer to another all-time high. Gains were broad-based, with banks rebounding and miners extending their rally to a fifth straight day. Materials are on track for their best week since September last year, while energy stocks rose on strong results from Woodside. Ampol and Iluka also impressed, while Paladin sank 11% on ambitious guidance. Globally, optimism around US trade deals boosted sentiment, and attention now turns to earnings from Alphabet and Tesla, along with local updates from Fortescue, Karoon, and Lynas.

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Morning Report 23 Jul 25: US stocks hold at record highs before Mega Cap results

Tue, 22 Jul 2025 20:58:52 +0000

Tech names underperformed last night but there was ultimately little change across the broader market. Tariffs continued to gain attention with the US and Philippines coming to a tariff agreement and General Motors seeing a hefty decline, and earnings data has investors on tenterhooks with Alphabet and Tesla set to be examined closely. Lockheed Martin made headlines following their earnings data, as did D.R. Horton, and Kohl’s more than doubled their share price.

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Market Close 22 Jul 25: Banks and miners play tug of war

Tue, 22 Jul 2025 06:47:33 +0000

The market has tread water today with the banking and mining sector heading in opposite directions. Laura and Stevie reflect on a session which started in the green, but quickly faded as the day went on. They discuss the part that trade deals may be playing in the consistent market performance, and how upcoming profit reporting could move markets. Insignia Financial caught attention with a healthy boost to their shares, Fletcher Building has been under pressure, and they look to the day ahead with US earnings continuing.

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Morning Report 22 Jul 25: Earnings push Wall Street to new record highs

Mon, 21 Jul 2025 20:55:01 +0000

Wall Street briefly touched new record highs overnight, but those gains faded by the close as investor sentiment shifted on renewed trade uncertainty. Communication stocks led early momentum, boosted by better-than-expected earnings, with Alphabet climbing nearly 3% ahead of its results. However, energy stocks dragged on the broader market, plunging as oil prices declined. In contrast, iron ore prices hit five-month highs following news of a major megadam project in China. Back home, the Aussie share market is set for a flat open as investors await the release of the RBA meeting minutes.

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Market Close 21 Jul 25: Banks drag ASX from record high

Mon, 21 Jul 2025 06:37:42 +0000

The Aussie sharemarket kicked off the week on the back foot, with a sharp decline wiping out much of Friday’s record-setting rally. Financials were the biggest drag, particularly the big four banks, while energy and materials helped cushion the fall. Block, Inc. surged over 11% after news of its addition to the S&P 500, and AMP shares rallied following positive superannuation inflows. Liontown overtook Block as the day’s top performer, riding the lithium price wave, while Insignia Financial slipped amid takeover fatigue. Investors now turn their attention to a busy week of quarterly updates from US and Aussie heavyweights, RBA minutes, and central bank moves in Europe and the US.

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Morning Report 21 Jul 25: Tariff talk keeps a lid on Wall Street

Sun, 20 Jul 2025 20:56:06 +0000

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 200, with market attention turning to upcoming updates from AMP and South32.

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Market Close 18 Jul 25: Aussie market cracks 8700 points for the first time

Fri, 18 Jul 2025 06:55:24 +0000

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. Yancoal lost ground following disappointing sales numbers, and Laura and Stevie look to the days ahead with a number of earnings results ahead.

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Morning Report 18 Jul 25: Earnings and economic updates push Wall Street to new record highs

Thu, 17 Jul 2025 20:59:29 +0000

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 previous session’s losses, mirroring the positive tone in the U.S., and oil prices edged higher, clawing back ground lost earlier in the week. Back home, the ASX 200 is poised for another day of gains.

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Market Close 17 Jul 25: Unexpected jobs data fuels a new record high

Thu, 17 Jul 2025 06:37:17 +0000

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 data could impact markets and future interest rate decisions.

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Morning Report 17 Jul 25: Talk of sacking Powell spooks markets

Wed, 16 Jul 2025 20:59:25 +0000

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 investors priced in a more dovish outlook. Back home, ASX 200 futures point to a positive open, with investors awaiting key employment figures due later this week.

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Market Close 16 Jul 25: Worst day in close to 2 months for Aussie stocks

Wed, 16 Jul 2025 06:52:50 +0000

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 like Nuix and Megaport, Rio Tinto’s new CEO appointment, and notable company moves including Evolution Mining and BHP.

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Morning Report 16 Jul 25: Stocks lower as trade concerns weigh on sentiment

Tue, 15 Jul 2025 20:59:51 +0000

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 key employment figures due tomorrow.

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Market Close 15 Jul 25: Aussie market almost tastes record high

Tue, 15 Jul 2025 06:39:23 +0000

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 from today's session - Lifestyle Communities, Paladin, Tyro, HUB24, and oOh!media.

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Morning Report 15 Jul 25: Wall Street weathers latest trade developments

Mon, 14 Jul 2025 21:01:31 +0000

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 newest Superman film came to the rescue. Elsewhere, bond markets held steady as investors await critical inflation figures later in the week. Back home, Aussie shares are set to open higher on Tuesday.

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Market Close 14 Jul 25: Bitcoin hits a new peak

Mon, 14 Jul 2025 06:57:18 +0000

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. DroneShield continued to surge, The Reject Shop paid a dividend following the recently approved takeover, and Bitcoin hit a new record high.

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Morning Report 14 Jul 25: Global stocks moderate as investors brace for new tariffs

Sun, 13 Jul 2025 20:58:14 +0000

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 await key employment data.

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Market Close 11 Jul 25: US rare earth investment pushes miners higher

Fri, 11 Jul 2025 06:59:46 +0000

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 he unpacks the catalyst behind this, talks through the best and worst performers with HMC Capital losing ground, and he looks to the week ahead.

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Morning Report 11 Jul 25: Wall Street hits fresh record highs

Thu, 10 Jul 2025 20:56:39 +0000

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 also hit record highs, driven by strength in mining stocks. In commodities, iron ore jumped to multi-month highs on hopes of fresh stimulus from China, while oil prices slipped amid speculation that OPEC+ may pause supply cuts. Back home, the ASX is on track to end the week by resetting its own record highs.

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Market Close 10 Jul 25: What potential 200% pharmaceutical tariffs meant for healthcare

Thu, 10 Jul 2025 06:29:19 +0000

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 lose ground. NVIDIA hit milestones and Laura looks to the day ahead.

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Morning Report 10 Jul 25: Nasdaq closes at record high, driven by Nvidia

Wed, 09 Jul 2025 20:59:35 +0000

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 Philippines. Meanwhile, minutes from the latest Federal Reserve meeting revealed a divided committee on inflation and the future path of interest rates. Back home, Aussie shares are expected to edge higher on Thursday, supported by rising energy prices.

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Market Close 09 Jul 25: Copper stocks slump on tariff threats

Wed, 09 Jul 2025 06:50:17 +0000

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 hold decision, and Laura and Stevie look to the day ahead.

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Morning Report 09 Jul 25: US stocks hit a wall as Trump’s remarks lift copper

Tue, 08 Jul 2025 20:55:18 +0000

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 Prime Day spending remains in focus. Back home, Aussie shares are set to open lower on Wednesday after the RBA surprised markets with its latest decision.

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Market Close 08 Jul 25: RBA shocks with interest rate decision

Tue, 08 Jul 2025 06:38:07 +0000

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.

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Morning Report 08 Jul 25: Stocks sink as Trump’s tariff plans boost dollar

Mon, 07 Jul 2025 20:58:14 +0000

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. In commodities, oil prices climbed on hopes of strong U.S. demand, while gold trimmed earlier losses after the announcement of new tariffs. Back home, Aussie shares are expected to fall on Tuesday, ahead of the RBA’s policy decision.

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Market Close 07 Jul 25: Is Trump extending the tariff deadline?

Mon, 07 Jul 2025 06:50:44 +0000

Laura is back with Stevie today and kicks things off with some controversy discussing Trump’s tariff deadline not coming to fruition. They unpack how this has and could move markets going forward, and address discussions of further tariffs. A lift in expected oil production failed to have a dramatic impact on the energy sector, they address the moves across the other sectors with financials losing some ground and look at what to expect in the days ahead as the US market comes back online and the RBA interest rate decision looms.

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Morning Report 07 Jul 25: Aussie stocks to open flat ahead of tariff D-day

Sun, 06 Jul 2025 20:54:56 +0000

It was a subdued end to the week for U.S. markets, with Wall Street closed on Friday for Independence Day. Across the Atlantic, European stocks finished lower amid ongoing trade uncertainty. Meanwhile, oil prices are in focus ahead of an expected increase in supply from OPEC. Back home, Aussie shares are set to open flat after last week’s record highs, as investors await the upcoming RBA decision on Tuesday.

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Market Close 04 Jul 25: Fresh record closing high for Aussie stocks

Fri, 04 Jul 2025 06:48:53 +0000

It has been another quiet session, but the market continues to hold its place near the record high. Steve reflects on what has been 8 sessions of minimal movement for the Aussie market, but despite this it is the best week in two weeks and discusses the data and events that may have influenced this stagnancy. Profit taking was noticeable within the mining sector, and the consumer discretionary space saw some gains. Cleanaway attracted attention today as did Silk Logistics.

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Morning Report 04 Jul 25: S&P 500 and Nasdaq close at record highs on jobs data

Thu, 03 Jul 2025 20:54:32 +0000

Wall Street surged to new record highs as growth concerns faded, with tech shares leading the gains on the S&P 500. A surprise in US jobs data sent bond yields lower, prompting traders to scrap bets on a July rate cut. Meanwhile, optimism around the Trump tax bill helped avert a looming debt crisis. In corporate news, Nvidia’s market cap is approaching $4 trillion USD, underscoring the tech sector’s momentum. Elsewhere, iron ore prices climbed to a one-month high as China intensified efforts to curb industrial overcapacity. Back home, Aussie shares are on track to end the week at record highs.

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Market Close 03 Jul 25: Market takes a breather following record high

Thu, 03 Jul 2025 06:27:31 +0000

Following a record high yesterday the market has paused for breath again today. Steve reflects on a week which has ultimately continued to tread water as he discusses what investors could be watching as a catalyst for how markets move. The local market today has seen the banks drop and mining stocks take on this difference. Oil prices have continued to rise as have gold prices, and insurance stocks are among the underperformers. Steve looks ahead with the key update on US jobs growth imminent amid the shortened week of trade for the US.

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Morning Report 03 Jul 25: S&P 500 and NASDAQ hit record highs on Vietnam trade deal

Wed, 02 Jul 2025 20:52:50 +0000

Wall Street climbed to fresh record highs, with the S&P 500 and NASDAQ lifted by renewed trade optimism. Nike shares surged on signs of progress in US–Vietnam trade talks, while Tesla shares rose despite a 14% drop in vehicle deliveries. Meanwhile, energy stocks gained ground as oil prices rebounded, and miners found support from encouraging Chinese economic data. In contrast, UK markets experienced a sharp sell-off reminiscent of 2022, driven by renewed concerns over the country's fiscal outlook. Back home, Aussie shares are expected to ease from record highs on Thursday.

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Market Close 02 Jul 25: The best day in a week

Wed, 02 Jul 2025 06:43:40 +0000

It is the best day of the week for the Aussie market as the ASX is on the cusp of cracking a fresh record high following 5 days of very little movement. Stevie unpacks the session which has seen some enthusiasm returning to markets, discusses the US tax bill which made it through the senate overnight, and looks at the local sectors with gains almost across the board. Oil prices pushed energy stocks higher, investment managers were among the best performers today, and Dominos was among the worst.

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Morning Report 02 Jul 25: Wall Street holds near record highs

Tue, 01 Jul 2025 21:00:06 +0000

Wall Street consolidated overnight as investors weighed the potential impact of the so-called 'big beautiful bill' on the U.S. deficit. Economic data added pressure, pushing interest rate expectations higher. Big tech stocks came under pressure, with Nvidia down 3%, as investors rotated into small caps. Meanwhile, Tesla shares slumped as markets braced for a sharp decline in upcoming sales figures, while Macau’s gambling revenue surged 19% year-on-year. Despite recent gains, the U.S. dollar remains near a three-year low, reflecting ongoing uncertainty around fiscal policy. Back home, Aussie shares are poised to open with modest gains on Wednesday.

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Market Close 01 Jul 25: Cautious start to July for Aussie stocks

Tue, 01 Jul 2025 06:36:15 +0000

It has been a decent start to the new financial year for the Aussie market with the ASX managing gains through the session which ultimately relaxed as the day went on. Steve reflects on the financial year to deep dive on the best and worst performers across the 12-month window, unpacks how the sectors performed with materials, industrials, healthcare and the telcos seeing declines, and he calls out the standout stocks including Insignia Financial and MesoBlast.

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Morning Report 01 Jul 25: New Wall Street records mark best quarter since 2023

Mon, 30 Jun 2025 21:04:08 +0000

Wall Street wrapped up the month, quarter, and financial year at record highs, posting double-digit gains over the past 12 months, fueled by progress on trade and growing expectations of lower interest rates. Financial stocks led the charge as major lenders passed the Federal Reserve’s stress tests, while Meta shares hit an all-time high amid an AI hiring blitz. However, energy stocks lagged as oil prices eased. In Europe, markets finished the month lower, weighed down by trade developments. Closer to home, the Australian share market closed out its best quarter since 2021, and home prices jumped in June to fresh record highs.

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Market Close 30 Jun 25: Best financial year since 2021

Mon, 30 Jun 2025 06:57:15 +0000

It was a solid end to the financial year for Aussie stocks but the record high was again just out of reach. Steve reflects on what was a ‘choppy’ session and reflects on the past financial year. Some declines across the resource space stopped the market from reaching that record high today and Steve discusses this, the performance of international markets with the US seeing improvements, and data out of China being seen as a positive. Mining and energy underperformed today, and a number of ex dividend stocks could impact market performance as the week continues.

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Morning Report 30 Jun 25: Signs of trade progress push Wall Street to new record highs

Sun, 29 Jun 2025 20:54:49 +0000

Encouraging signs of easing inflation have lifted rate cut hopes and sent US markets to fresh record highs. Investors were further buoyed by comments from the US Treasury Secretary highlighting progress on rare earth mineral agreements. Meanwhile, a tentative ceasefire in the Middle East has kept gold prices subdued, while oil stabilised after recent sharp declines. Closer to home, the ASX 200 is expected to open flat on Monday as investors await key economic data out of China.

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Market Close 27 Jun 25: Investors get cold feet as record approaches

Fri, 27 Jun 2025 07:00:11 +0000

The market has not managed to crack the record high today with the session starting strong but ultimately dropping slightly as the day went on. Steve is solo today to unpack the session and to reflect on a week that has been dominated by international news. Materials gained ground today with Pilbara Minerals being one of the big winners, property stocks took a hit, and Steve looks to the week ahead.

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Morning Report 27 Jun 25: US shares flirt with record highs

Thu, 26 Jun 2025 20:56:01 +0000

Hopes for lower interest rates pushed US stocks to record highs overnight, with falling yields providing a particular boost to technology shares. Economic data added to the dovish outlook, as first-quarter GDP was revised lower on soft consumer spending, while durable goods orders unexpectedly soared in May. The US dollar fell to a three-year low against the euro and sterling, and bond markets rallied as investors ramped up bets on potential rate cuts. Elsewhere, Nike shares rose ahead of its earnings release, while copper climbed to a three-month high on improved global demand. Closer to home, Aussie shares are expected to open on the front foot as real estate stocks trade ex-dividend.

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Market Close 26 Jun 25: Tentative trade as record approaches

Thu, 26 Jun 2025 06:47:17 +0000

It has been another quiet day for the ASX today with this being the second day where the market has paused for breath with investors likely monitoring the current ceasefire. Steve is solo today to discuss tweaks and modernisation to the ASX system bringing it more in line with international markets, to unpack how the sectors performed with energy and mining seeing minor gains, and tech being the biggest loser with Xero seeing losses. Virgin reversed some of the recent gains, while DroneShield continued to climb higher.

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Morning Report 26 Jun 25: Wall Street ends mixed as Nvidia sets record high

Wed, 25 Jun 2025 20:57:54 +0000

Wall Street ended broadly flat overnight, supported by strength in tech stocks and optimism over potential rate cuts. Nvidia hit a fresh record high, reinforcing its status among the world’s most valuable companies. Gains were capped after Fed Chair Jerome Powell flagged signs of rising inflation, keeping markets cautious. Meanwhile, FedEx shares dropped after the company withheld full-year guidance due to uncertainty, while Tesla reported a fifth consecutive monthly decline in European sales. Bumble shares surged following news of significant job cuts, and speculation swirled around a potential acquisition of BP by Shell. Locally, the ASX is set to open lower on Thursday, and the Aussie dollar remains stable despite lower inflation rates

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Market Close 25 Jun 25: What could inflation data mean for a potential rate cut

Wed, 25 Jun 2025 06:52:41 +0000

Off the back of a session yesterday where the market saw gains and neared a record high the session today has been more reserved and remained mostly flat, ultimately floated by the banks. Mining and energy have seen drops today with commodity prices falling heavily, and Steve reflects on how international markets have performed. Virgin Australia shares continued to surge today continuing the gains of yesterday, and DroneShield was another standout performer. Xero is in a trading halt, Steve discusses inflation numbers with rate cuts looking more likely, and he looks to the day ahead.

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Morning Report 25 Jun 25: US markets rise on news of Iran-Israel ceasefire

Tue, 24 Jun 2025 20:54:41 +0000

Global markets rallied and investors celebrated after news of a ceasefire between Iran and Israel. The Dow Jones jumped 500 points, the S&P 500 edged near record highs, and the NASDAQ 100 hit an all-time high, helped by falling bond yields following comments from Jerome Powell. Oil prices tumbled 6% on the ceasefire news, and gold dropped 2% as demand for safe havens faded. Cruise operator Carnival raised its profit outlook, with the sector shrugging off recent jitters, while Uber launched its self-driving taxi service. Meanwhile, Coinbase shares soared as bitcoin hit a one-week high. Closer to home, Aussie shares are expected to post modest gains on Wednesday, ahead of key local inflation data.

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Market Close 24 Jun 25: Aussie market recoups losses amid easing geopolitical tensions

Tue, 24 Jun 2025 06:32:27 +0000

The Aussie market has pushed higher today recouping the modest losses of the past five sessions. Steve discusses this session and the part that geopolitical tension de-escalation may have played in this boost that sent most of the sectors higher. He discusses the winners and losers with energy stocks seeing some declines amid oil price movements, and the return of Virgin Australia to the Aussie market. Adairs continued to gain attention, and Steve looks to the day ahead.

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Morning Report 24 Jun 25: Plunging oil and talk of rate cuts push stocks higher

Mon, 23 Jun 2025 20:58:17 +0000

Global equity markets seesawed as investors weighed the latest geopolitical developments, with some relief following Iran’s measured response easing immediate tensions. Adding to the positive tone, a growing chorus of dovish signals from the Federal Reserve raised hopes of potential interest rate cuts, helping the broader U.S. markets rebound. In corporate news, Tesla shares surged on the rollout of its long-awaited Robotaxi, while Virgin moved closer to take-off with preparations for its IPO. Closer to home, Aussie shares are poised to snap a five-day losing streak on Tuesday.

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Market Close 23 Jun 25: US attack on Iran keeps markets cautious

Mon, 23 Jun 2025 06:44:17 +0000

The Aussie market has followed the recent losing streak and entered the fifth day of declines today, but the declines have been modest. Stevie is solo today to unpack this recent performance following the US attack on Iran and discuss the uncertainty surrounding what could happen next. Most of the sectors are in the red today, but energy stocks have lifted today amid a higher oil price, and Stevie speaks through the key risks around this. Gold continues to improve, Metcash, and Adairs caught attention, and Stevie looks to what may lie ahead for the week.

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Morning Report 23 Jun 25: Investors on edge following Mideast escalation

Sun, 22 Jun 2025 21:00:11 +0000

Global markets are bracing for volatility following U.S. military strikes on Iranian nuclear facilities, prompting a flight to safe-haven assets such as gold and the U.S. dollar. Elsewhere, cryptocurrency markets are also under pressure, with Ether experiencing a sharp decline in early trading. Meanwhile, oil prices are expected to surge in response to escalating tensions, placing both oil and gold firmly in focus as regional trade begins. Closer to home, Australian shares are set to extend their losses when markets open on Monday.

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Market Close 20 Jun 25: 5-week winning streak comes to abrupt end for Aussie market

Fri, 20 Jun 2025 06:52:11 +0000

The market has remained mostly flat for over a week now as war continues in the Middle East. Stevie is solo to reflect on this cautious market sentiment and recap the events and data that have kept markets flat. Energy stocks were some of the best performers today with mining some of the worst, and Steve unpacks the sectors which locally were a mixed bag. Uranium miners took a hit today, Pointsbet continues to gain attention and Stevie looks to the week ahead.

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Morning Report 20 Jun 25: US futures drop as Trump weighs strikes on Iran

Thu, 19 Jun 2025 20:51:48 +0000

Both US and European markets ended lower amid rising geopolitical concerns, with US financial markets closed for a public holiday. In Europe, central bank actions drove sentiment: the Swiss National Bank surprised markets by cutting rates to zero, while the Bank of England held steady as Norway’s central bank also delivered a rate cut. Meanwhile, oil prices surged nearly 3% as tensions escalate between Israel and Iran. Back home, Aussie shares are expected to open lower on Friday after a surprise dip in May employment figures.

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Market Close 19 Jun 25: 7 days of minimal movement for the Aussie market

Thu, 19 Jun 2025 06:30:06 +0000

The market has remained completely flat today following seven days of almost no moves at all. Stevie is solo to reflect on the cautious week and this sluggish session, likely fuelled following a flat US session and ongoing tensions in the Middle East. Many sectors are in the red today and energy was an underperformer. He talks through the stocks that moved the most with WiseTech Global gaining attention, and the banking sector continuing to keep the market afloat.

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Morning Report 19 Jun 25: S&P 500 erases gains on Powell's inflation remarks

Wed, 18 Jun 2025 20:54:51 +0000

U.S. equity markets dipped as the Federal Reserve struck a cautious tone, warning that inflation may worsen—despite still projecting two rate cuts in 2025. Meanwhile, crypto stocks surged following the passage of the Genius Act, and bank shares rallied on signs of regulatory relief. Oil prices rose as the Iran-Israel conflict stretched into a sixth day. Closer to home, the ASX is poised to open lower on Thursday, with investors eyeing the Australian jobs report for clues on the RBA’s next move.

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Market Close 18 Jun 25: A busy 24 hours ahead

Wed, 18 Jun 2025 06:55:32 +0000

The market has continued the week in the way that it started with only small movements in either direction across each session. Laura and Stevie discuss this session, and the recent performance unpacking the role that global tensions are playing in this cautiousness. Energy stocks remained in focus with oil prices surging once more and uranium stocks also seeing gains, and materials has been a weight on the market with iron ore prices remaining sluggish. They look to the upcoming market moving events, and Nintendo hit a record high.

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Morning Report 18 Jun 25: Stocks fall as Israel-Iran jitters spur oil rally

Tue, 17 Jun 2025 20:54:28 +0000

Global equity markets retreated as investors weighed the prospect of U.S. intervention in the escalating Israel-Iran conflict. Oil prices surged more than 4% on heightened geopolitical fears, while iron ore slumped to its lowest level since September. Meanwhile, weak U.S. retail sales data pointed to a softening economy, reinforcing expectations that the Federal Reserve will keep interest rates on hold but place greater emphasis on future economic forecasts. Closer to home, Aussie shares are expected to open lower on Wednesday, as investors continue to assess the potential fallout from rising Middle East risks.

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Market Close 17 Jun 25: Middle East headlines drive markets

Tue, 17 Jun 2025 06:28:50 +0000

Tensions in the Middle East have kept markets cautious today with the session remaining mostly flat. Laura and Stevie discuss what marks five days of cautious sessions and unpack how international markets have performed. Oil prices have dipped slightly today following the recent high, and gold and uranium stocks are once again gaining attention. They discuss the biggest movers, Virgin Australia has announced some details about their IPO, and Laura and Stevie look to the night ahead.

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Morning Report 17 Jun 25: Stocks rise as fear of all-out Middle East war eases

Mon, 16 Jun 2025 20:54:48 +0000

Global markets recovered overnight as investors responded to easing tensions in the Middle East. Defensive stocks retreated as concerns eased, while risk appetite returned across sectors. Tech led the charge, with AMD shares surging on expectations of a sharp rebound for the chipmaker. Meta Platforms also rallied, buoyed by news it will finally introduce ads on WhatsApp. In the consumer space, Estee Lauder and Coty jumped amid takeover speculation. Meanwhile, oil prices fell on signs the Middle East conflict may not impact crude production as initially feared and gold slipped 1%, with investors taking profits after recent gains. Closer to home, Aussie shares are set to open higher on Tuesday, as traders look ahead to the Bank of Japan’s policy decision.

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Market Close 16 Jun 25: Oil and Energy continue to surge amid international tensions

Mon, 16 Jun 2025 06:56:32 +0000

The market has remained largely flat today with the past four sessions now seeing very little movement. Laura and Stevie discuss the session, reflect on the recent high, and what could be keeping markets cautious. Mixed data out of China could have been a possible influence, international tensions have seen oil and energy stocks rally, and gold miners lost some ground. They talk through the stocks that saw the largest movements including Santos, and look to the week ahead.

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Morning Report 16 Jun 25: Stocks slump as Middle Eastern conflict escalates

Sun, 15 Jun 2025 20:54:19 +0000

Global stock markets plunged as escalating tensions in the Middle East rattled investor confidence. Concerns over inflation are growing, driven by a sharp rise in energy prices. Oil surged to its highest level in three years on supply fears, while gold gained as investors flocked to traditional safe havens. Elsewhere, defence stocks rallied in response to the geopolitical uncertainty. Closer to home, Aussie shares are expected to open lower following five consecutive weeks of gains.

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Market Close 13 Jun 25: Gold and Energy stocks soar amid geopolitical tenisions

Fri, 13 Jun 2025 06:56:09 +0000

The market has declined slightly today but overall, the week has finished with a gain marking five weeks of improvements. Laura is solo today to reflect on the recent modest improvements and discuss the trade talks and geopolitical tensions which have kept investors cautious. Oil prices soared today with the energy sector being a beneficiary, Origin Energy gained attention, and most of the sectors saw declines.

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Morning Report 13 Jun 25: US shares end higher, lifted by Oracle rally

Thu, 12 Jun 2025 20:55:22 +0000

Wall Street showed resilience overnight, recovering from early losses to close higher. Oracle shares soared to a record high after reporting dramatically stronger sales, helping to lift overall market sentiment. Meanwhile, US Treasury yields edged higher following a strong auction and signs of easing inflation. Boeing shares, however, slipped amid renewed scrutiny in the wake of a tragic Air India crash, weighing on the industrials sector. In commodities, oil prices dipped as traders assessed ongoing tensions in the Middle East, while gold jumped on heightened geopolitical risks. Closer to home, the ASX is on track to end the week on a positive note.

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Market Close 12 Jun 25: Market runs out of steam following record high

Thu, 12 Jun 2025 06:42:14 +0000

Following the record high of yesterday and the strong performances over the week the market has paused for breath today and lost some steam as the day went on. Laura and Stevie discuss the slight dip in US markets overnight despite positive trade talks and consumer inflation data that was heading in the right direction, and what could be keeping markets cautious. Monash was in focus again today after news of a resignation, and Cochlear recovered most of the losses that it saw early in the session.

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Morning Report 12 Jun 25: US share markets end lower on Middle East tensions

Wed, 11 Jun 2025 20:57:40 +0000

US stocks closed lower, dragged down by technology names and despite stronger-than-expected inflation data. Interest rates also eased, supported by progress on reducing the budget deficit. In company news, Starbucks shares surged after reports it may sell a minority stake in its Chinese operations. Meanwhile, oil prices jumped 4% to a two-month high, while iron ore rallied as traders welcomed signs of progress in Sino–US trade relations. Closer to home, Aussie shares are tipped to hit a fresh record high, buoyed by rising energy prices.

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Market Close 11 Jun 25: US, China truce sparks record high

Wed, 11 Jun 2025 06:47:05 +0000

It has been a solid session today as the Aussie market has cracked a fresh record high once again. Laura and Stevie discuss the session where most of the sectors have seen gains and discuss the big winners with Zip continuing to forge ahead following the growth that it saw yesterday. Qantas gained attention as did Pilbara, and they look to the days ahead with upcoming inflation data one to watch.

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Morning Report 11 Jun 25: ASX 200 poised to set new record high

Tue, 10 Jun 2025 20:54:53 +0000

Global markets saw a mix of optimism and caution on Tuesday. The S&P 500 rose for a third consecutive session, buoyed by renewed hopes for progress in US-China trade talks, while US small business sentiment improved for the first time this year. In Asia, Taiwan semiconductor stocks surged, driven by a strong revenue boost. Meanwhile, in the US, J.M. Smucker shares tumbled, marking their steepest drop in nearly 40 years as tariffs weighed heavily on profits. Across Europe, markets were mixed, though UK shares edged closer to record highs despite a slowdown in wage growth. Closer to home, the ASX 200 is poised to break above 8,600 points on Wednesday, setting up a potential fresh record high as local momentum continues to build.

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Market Close 10 Jun 25: ASX200 on the cusp of an all-time high

Tue, 10 Jun 2025 06:34:09 +0000

The market has closed in on a record high once again today kicking off the holiday shortened week with a strong performance. Stevie is solo to reflect on what we saw over the long weekend including data out of China and further trade discussions, and he discusses the sectors that saw sizable gains, with the banks, consumer discretionary, and tech home to some of the big winners. Metcash and Zip caught attention today, and Stevie looks at what could move markets in the days ahead.

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Morning Report 10 Jun 25: S&P 500 ekes out gain as US-China trade talks resume

Mon, 09 Jun 2025 20:56:13 +0000

Cautious optimism prevails on Wall Street as trade talks between the US and China progress. In corporate news, Apple disappointed investors with its recent event, dragging its shares down, while Qualcomm announced a $2.4 billion deal to acquire chipmaker Alphawave. Topgolf Callaway saw its stock jump 11%, and Tesla shares edged higher, clawing back last week's losses. Meanwhile, it was a mixed session for commodities, though iron ore stood out with a decline amid renewed deflation concerns in China. Closer to home, Aussie shares are poised to open modestly lower on Tuesday following the long weekend and the Aussie dollar has held firm above 65 US cents, buoyed by ongoing weakness in the greenback.

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Market Close 06 Jun 25: Fourth weekly gain for Aussie stocks

Fri, 06 Jun 2025 07:02:02 +0000

Following a flat performance yesterday the market has again had an underwhelming day today despite somehow managing to hold onto the overall weekly winning streak. Laura and Stevie reflect on this holiday shortened week, this choppy session, and the part that President Trump may be playing in markets remining cautious. Only two sectors saw gains today and they talk through the stocks that caught attention including Iluka Resources Ltd and Skycity Entertainment Group.

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Morning Report 06 Jun 25: US stocks fall as Trump–Musk feud sinks Tesla

Thu, 05 Jun 2025 20:57:29 +0000

US stocks ended lower despite a wave of early optimism, sparked by news that U.S. President Donald Trump and China’s Xi Jinping have agreed to resume trade talks. In corporate news, Brown-Forman — the maker of Jack Daniel’s — suffered its steepest share price drop since 2008 following weaker-than-expected earnings. Meanwhile, consumer goods giant Procter & Gamble announced plans to cut 7,000 jobs as part of a restructuring effort. Across the Atlantic, the European Central Bank cut interest rates once again but signaled a possible pause in future easing. Oil prices climbed on renewed hopes surrounding U.S.-China trade negotiations. Back home, Australian shares are set to finish the week in the red ahead of the long weekend.

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Market Close 05 Jun 25: Market shies away from record high

Thu, 05 Jun 2025 06:35:28 +0000

Most sectors have fallen back today despite a positive start to the session. Laura and Stevie discuss this session which saw the market fading following the gains of yesterday, reflect on international news with Trump introducing travel bans, and they look at the stocks that moved the most. The materials sector did see some stand outs today as did the tech space, lithium stocks continued to gain attention amid news out of the US, and they look to the day ahead.

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Morning Report 05 Jun 25: Growth concerns weigh on US stocks

Wed, 04 Jun 2025 20:53:02 +0000

US stocks struggled to advance as fresh data pointed to a slowing economy, with sentiment dented by a soft US jobs report that snapped the Dow Jones’ four-day winning streak. Interest rates fell as investors bet on potential Fed rate cuts, fueling a surge in home builder stocks. Meanwhile, DollarTree has warned of a looming profit hit tied to possible Trump tariffs, while Tesla shares declined after weak sales data in Germany and China. In Europe, markets ended higher, with German stocks boosted by a newly announced tax relief package. Closer to home, Aussie shares are expected to open flat, hovering just shy of record highs.

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Market Close 04 Jun 25: Share market approaches a record high

Wed, 04 Jun 2025 07:38:24 +0000

The market has neared record levels once again today as it cracked through a three-month high. Laura and Stevie unpack the local session and discuss international markets with the US having seen a bounce back from recent lows. Interest rate cuts could be on the cards sooner than expected amid data out today, most of the sectors gained ground with energy being an outperformer, and they look at the stocks that gained attention including Commonwealth Bank which continues to set records.

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Morning Report 04 Jun 25: US stocks gain on US job surprise

Tue, 03 Jun 2025 20:54:29 +0000

Wall Street was boosted by gains in technology stocks, with Nvidia reclaiming its title as the world’s most valuable company. Chipmakers also rallied on renewed hopes around US-China trade talks. Meanwhile, US job openings rebounded in April, suggesting resilience in the labour market. In corporate news, shares in dating app Bumble fell amid growing concerns over its market share. In commodities, oil rose 1.5% on rising geopolitical tensions, while gold eased from a four-week high. Closer to home, Aussie shares are expected to open higher on Wednesday ahead of the release of key economic growth figures.

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Market Close 03 Jun 25: The best day in a month for the Aussie market

Tue, 03 Jun 2025 06:51:58 +0000

The local market has had the largest lift in a month today. Laura and Stevie discuss the recent performance where the market has largely remained stagnant despite the session today, unpack the likeliness of further rate cuts following the release of the RBA minutes, and discuss the latest in tariff headlines. A number of stocks caught attention including IDP Education, Treasury Wine Estates, and Bluescope, and they look to the days ahead.

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Morning Report 03 Jun 25: US shares close higher on trade hopes

Mon, 02 Jun 2025 20:58:14 +0000

US stocks have posted modest gains to start June, as investors largely shrugged off renewed global trade tensions. Steel and aluminium shares jumped after President Trump pledged to double tariffs on the metals, though the move is expected to raise production costs for automakers. Elsewhere, European markets stumbled in response to the latest tariff threats, while energy shares in North America rose more than 1% as wildfires threatened Canadian oil supply. Meanwhile, the US dollar slipped, providing support for commodities—gold climbed to a three-week high and US copper futures surged amid growing tariff concerns. Closer to home, Aussie shares are set to open higher ahead of the Reserve Bank’s meeting minutes, with the Aussie dollar edging closer to 65 US cents.

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Market Close 02 Jun 25: Multi-billion-dollar merger to hit ASX

Mon, 02 Jun 2025 06:55:08 +0000

The Aussie market has had a slow start to the month remaining mostly flat. Stevie is back for the podcast today (even though his voice may not be) to discuss the last month’s performance with Laura, and the mixed news around tariffs which could have kept markets cautious. Commodity prices were in focus today on the back of rising geopolitical tensions, they look at how the sectors performed with many seeing losses, and the stocks that caught attention including Bluescope.

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Morning Report 02 Jun 25: Wall Street mixed as investors keep wary eye on trade headlines

Sun, 01 Jun 2025 20:54:43 +0000

Wall Street wrapped up the month on a high note, with both the NASDAQ and S&P 500 posting their best May gains since the 1990s. Investor sentiment was lifted by encouraging inflation data and moderating interest rates. Elsewhere, Costco shares climbed after the retail giant reported earnings that surpassed expectations, while commodities eased as investors turned their focus to upcoming key manufacturing figures. Closer to home, the ASX 200 is poised to kick off June with modest gains.

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Market Close 30 May 25: Aussie shares lift in May

Fri, 30 May 2025 07:00:09 +0000

Aussie shares are wrapping up May on a positive note, with the market up 3.8% for the month and 0.8% for the week. A surprise dip in retail sales sparked speculation of rate cuts, with markets now pricing in three cuts by year-end. Trade tensions are back in the spotlight as a US court temporarily backed Trump's push for tariffs, adding fresh uncertainty. Sector-wise, tech has been a standout, up 30% over eight weeks despite a small pullback today, while energy stocks lagged on falling oil prices. All eyes now turn to key US inflation data and the RBA’s economic updates next week.

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Morning Report 30 May 25: US share market rally fades on tariff angst

Thu, 29 May 2025 20:55:00 +0000

Wall Street rallied overnight, buoyed by renewed trade optimism and upbeat corporate earnings. Nvidia impressed investors with stronger-than-expected quarterly sales, though its outlook flagged a potential $8 billion impact from US export restrictions. Meanwhile, beauty retailer E.L.F. surged over 23% following news it will acquire Hailey Bieber’s skincare brand, Rhode. However, not all signals were positive. A rise in US jobless claims pointed to potential weakness in the labour market, and oil prices dipped on ongoing demand concerns. Adding to market jitters, a US appeals court temporarily reinstated Trump-era tariffs, reigniting trade tensions. Closer to home, Aussie shares are expected to ease, with retail spending data in focus.

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Market Close 29 May 25: Trump’s tariffs blocked by the US court

Thu, 29 May 2025 06:50:12 +0000

The Aussie market has pushed modestly higher once again today. Laura unpacks the session which has followed the recent trend of cautious performances and discusses the likelihood of an imminent rate cut following yesterday’s inflation data. Laura reflects on the month analysing how each of the sectors have performed and gives the latest on Trump’s liberation day tariff’s which have been blocked by US courts. NVIDIA shares have skyrocketed, uranium stocks were among the losers today, and Laura looks to the days ahead

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Morning Report 29 May 25: US shares close lower ahead of Nvidia earnings

Wed, 28 May 2025 20:57:34 +0000

US stocks eased overnight as investors awaited key earnings reports, with particular focus on Nvidia, whose results are crucial for market sentiment around AI. Meanwhile, long-term interest rates continued their upward march. In the retail sector, fortunes were mixed, with attention turning to Dick's Sporting Goods following a notable transaction involving Foot Locker. Adding to the geopolitical tension, President Trump has ordered chip software designers to halt sales to China, a move that could have ripple effects across the tech sector. Closer to home, the Aussie share market is expected to inch higher today, ahead of the release of key business investment data.

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Market Close 28 May 25: US gains fail to boost Aussie stocks

Wed, 28 May 2025 06:55:25 +0000

The session started with gusto this morning but ran out of steam as the day progressed with the market dropping into negative territory. Laura and Stevie discuss the session which briefly hit a record high, and if inflation data was associated with the performance. They unpack the role that this data could play in upcoming interest rate decisions, the stocks that moved the most including ALS Limited and Web Travel and look to the day ahead with NVIDIA expected to move markets.

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Morning Report 28 May 25: Dow jumps 700 points to end a seven-day losing streak

Tue, 27 May 2025 20:53:34 +0000

US shares climbed as investors welcomed signs of economic and trade progress. Despite a sharp drop in durable goods orders—pointing to ongoing business uncertainty—consumer confidence rebounded strongly this month. In corporate news, Tesla shares rose as Elon Musk reaffirmed his focus on the company, while Nvidia jumped ahead of its earnings results. US bond yields dipped amid easing supply concerns, following speculation that Japan may adjust its bond strategy. In commodities, oil prices edged lower on renewed US-Iran talks, while metals retreated amid ongoing tariff uncertainty. Closer to home, Aussie shares are set to open higher on Wednesday, ahead of key inflation data.

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Market Close 27 May 25: Aussie market edges higher ahead of inflation data

Tue, 27 May 2025 06:24:21 +0000

The Aussie market ticked higher today, inching closer to record highs thanks to a late-afternoon lift. Investors remain cautious amid tariff uncertainty, but optimism is building as U.S. futures rise in response to Trump delaying EU tariffs. All eyes now turn to tonight’s global market reopening and tomorrow’s key Aussie inflation data, which could shake up the market ahead of July’s RBA decision.

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Morning Report 27 May 25: European stocks recover after Trump delays EU tariffs

Mon, 26 May 2025 20:55:09 +0000

Global markets are buoyed by renewed trade optimism, with Washington softening its stance on tariffs and US futures surging in response. In Canada, the stock market hit a record high, while EU automakers rebounded after President Trump delayed tariffs on European imports. Meanwhile, Chinese President Xi Jinping is reportedly considering a revamped "Made in China" strategy. In commodities, oil prices held steady as markets await the next move from OPEC+, and London metals advanced following the US tariff reprieve. However, iron ore prices slipped amid ongoing concerns about China’s struggling property sector. Closer to home, the ASX is set to edge higher on Tuesday, lifted by hopes of a trade deal, while the Australian dollar inches toward the 65-cent mark.

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Market Close 26 May 25: Tariffs and holidays keep Aussie market quiet

Mon, 26 May 2025 06:51:21 +0000

The market has remained at a standstill this afternoon as uncertainty continues amid further potential tariffs and a holiday shortened week for the US and the UK. Laura and Stevie discuss this cautious session, reflect on what was a mixed performance across the sectors, a discuss the standout stocks with Origin Energy and Elders gaining attention. They look to the days ahead as some markets remain closed and what to watch locally as the week continues.

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Morning Report 26 May 25: Trump tariff threats spark market uncertainty

Sun, 25 May 2025 20:57:31 +0000

Wall Street slipped as investors grew cautious over renewed trade tensions, following fresh comments from Donald Trump, who insisted Apple must pay a 25% tariff on iPhones. Deckers' stock took a sharp hit, plunging on signs of a slowdown in sales of its popular Hoka brand. Meanwhile, renewable energy stocks and interest rate markets held steady after recent volatility, with the latter calming following jitters around the US spending bill. In commodities, oil prices rose on short covering ahead of the Memorial Day holiday, and gold jumped 2% on safe haven demand. Closer to home, the ASX is set to open lower on Monday ahead of Elders’ earnings release, while the Aussie dollar surged on broad weakness in the US dollar.

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Market Close 23 May 25: Market nudges higher as the week finishes with a gain

Fri, 23 May 2025 06:59:27 +0000

The Aussie market has lifted modestly today in a week that has finished only slightly higher than it started. Laura and Stevie reflect on the recent performance where the market has remained cautious but crept higher each week, discuss the latest happenings out of the US regarding tax and tariffs, and unpack the sectors where materials held the market back from bigger gains. They discuss the winners and losers of the day with Nufarm having a challenging week, and look to the days ahead.

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Morning Report 23 May 25: Stocks lose steam in final minutes of US trading

Thu, 22 May 2025 20:52:20 +0000

Aussie shares are tipped to rise as easing U.S. bond yields provide relief to global markets, and Bitcoin hits a new record high. Long-term bond yields briefly hit multi-month highs before retreating, helped by Federal Reserve comments hinting at potential rate cuts later this year. Locally, the ASX200 is expected to inch higher after a rocky session, with eyes on the resources sector as oil and iron ore prices soften and the Aussie dollar retreats under U.S. dollar pressure.

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Market Close 22 May 25: Gold outperforms amid a sea of red

Thu, 22 May 2025 06:42:57 +0000

The market has reversed the recent gains today as it took a breather following yesterdays near record high. Laura and Stevie discuss the session which has seen the week ultimately remain flat, and unpack the sectors with all but materials dropping into the red. A number of stocks have caught attention today including IAG, Mayne Pharma, and Orica and they look at what to expect in the day ahead.

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Morning Report 22 May 25: Stocks slump on soaring interest rates

Wed, 21 May 2025 20:57:44 +0000

Wall Street retreated as mounting deficit fears triggered a sell-off in bonds and equities. In company news, Apple shares declined after its lead designer became entangled in a partnership with OpenAI, while Target stumbled as tariffs weighed on its earnings. Meanwhile, banks also pulled back amid renewed jitters over rising interest rates. In commodities, oil prices fell on news of US-Iran nuclear talks, even as geopolitical uncertainty continued to push gold prices higher. Closer to home, Aussie shares are expected to open lower on Thursday, tracking global bond market volatility.

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Market Close 21 May 25: The Aussie market hits 13-week high

Wed, 21 May 2025 06:41:53 +0000

The Aussie market has continued to push higher today following both the interest rate cut that happened yesterday and talks of further cuts in the coming months. Stevie is solo to discuss this near 13-week high for the Aussie market, break down local performance with most of the sectors seeing growth, and unpack the recent US market gains. He talks through the biggest movers today including Nufarm who has seen a drop of around 30% and looks at what could happen to markets in the days ahead.

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Morning Report 21 May 25: S&P 500 snaps six-day winning run

Tue, 20 May 2025 20:58:39 +0000

Wall Street snapped a six-day winning streak as investors searched for fresh catalysts to drive momentum. Technology stocks led the decline, weighed down by rising bond yields, which edged higher amid ongoing fiscal concerns in the U.S. In corporate news, Home Depot said it doesn’t expect to raise prices in response to new tariffs, while Elon Musk confirmed Tesla’s plans for a robo-taxi rollout—though the announcement lifted shares only modestly. Meanwhile, Moderna saw its stock jump on stronger-than-expected COVID-related guidance. In commodities, oil prices slipped slightly due to geopolitical uncertainty, while gold prices firmed as the U.S. dollar continued to weaken. Closer to home, Aussie shares are set to open higher on Wednesday following the Reserve Bank’s decision to cut interest rates to a two-year low.

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Market Close 20 May 25: Aussie stocks lift after rate cut

Tue, 20 May 2025 06:32:48 +0000

The Aussie share market rebounded on Tuesday, rising 0.7% after breaking a nine-month winning streak, with 10 of 11 sectors posting gains. The Reserve Bank of Australia delivered its second rate cut of 2025, lowering interest rates by 25 basis points to 3.85% — the lowest level since May 2023. Looking ahead, earnings from James Hardie, New Farm, Webjet, and Seek are in focus, with international eyes on Canada’s inflation data and Home Depot results.

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Morning Report 20 May 25: Resilient Wall Street weathers credit downgrade

Mon, 19 May 2025 20:53:11 +0000

US markets closed almost unchanged on Monday, despite underlying volatility. The S&P 500 notched its sixth winning session, as investors appeared to look past the recent US credit downgrade. UnitedHealth shares extended their rally after the CEO bought into a beaten-down stock, while Reddit shares slipped amid concerns over a potential threat from Google’s AI developments. Meanwhile, the US dollar weakened following Moody’s downgrade, helping gold prices surge. Closer to home, Australian shares are set to open higher on Tuesday, with attention turning to the RBA and its widely expected interest rate cut.

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Market Close 19 May 25: Aussie market snaps an eight day winning streak

Mon, 19 May 2025 06:50:24 +0000

The winning run for the Aussie market has come to an abrupt end today. Stevie is solo to reflect on what has been a decent run over the past couple of weeks, look at the recent performance of international markets, and to unpack what could be on the cards with an interest rate decision expected for Australia tomorrow. The sectors mostly saw declines today with mining and energy stocks making some sizable moves, and Stevie discusses the stocks which caught attention including Domino’s.

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Morning Report 19 May 25: Investors shrug off surging inflation concerns

Sun, 18 May 2025 20:54:40 +0000

Wall Street ended the week on a high note, marking its fifth consecutive day of gains despite US consumer sentiment sinking to its second-lowest level on record. Inflation expectations among consumers have surged to their highest since the early 1980s, adding to market jitters. Meanwhile, after-hours trading remains in focus as Moody’s downgraded the US credit rating, while commodities faced pressure from a strengthening US dollar. Oil prices managed to secure a second straight week of gains, but gold suffered its worst weekly decline since November. Closer to home, Aussie shares are set to start the week lower on Monday as investors keep a close watch on the Reserve Bank’s upcoming policy decisions.

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Market Close 16 May 25: Longest winning streak in 9 months for Aussie stocks

Fri, 16 May 2025 06:57:59 +0000

The Aussie share market notched its eighth straight day of gains—its longest winning streak in nine months. Locally, strong wages and jobs figures haven’t shifted expectations for a possible rate cut when the RBA meets next week—though some speculate rates could remain on hold. Key sectors like materials and tech led the charge, while financials wobbled despite CBA briefly hitting a record high. Investors will be watching next week’s RBA decision closely, along with China’s major economic data release on Monday.

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Morning Report 16 May 25: S&P 500 closes higher for a fourth day

Thu, 15 May 2025 20:56:47 +0000

Wall Street delivered a mixed performance as leading technology stocks lost some ground. However, broader markets gained amid falling US bond yields driven by shifting Federal Reserve expectations. Retail sales growth slowed, contributing to a dip in both bond yields and the US dollar. In company news, Cisco shares rose on a positive sales forecast, while Walmart warned of impending price hikes due to Trump-era tariffs. Meanwhile, in Europe, defense stocks gained following a deadlock in Russian-Ukraine negotiations. In commodities, oil prices dropped 2% amid renewed expectations of a US-Iran nuclear deal, while gold prices climbed 1% on weak US economic data. Closer to home, Aussie shares are poised to extend their winning streak to an eighth consecutive session to close out the week.

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Market Close 15 May 25: More jobs, fewer rate cuts?

Thu, 15 May 2025 06:36:08 +0000

The Aussie share market managed to carve out another small gain, extending its winning streak to seven sessions, though overall moves remain cautious as investors eye record highs. Stronger-than-expected jobs data surprised economists, with 89,000 new roles added in April—most of them full-time positions for women—fuelling speculation about the Reserve Bank’s next move. Investors now turn to a busy night in the US for key data on business inflation, retail sales, and commentary from Fed Chair Jerome Powell.

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Morning Report 15 May 25: Wall Street struggles as vertigo kicks in for investors

Wed, 14 May 2025 20:56:44 +0000

The S&P 500 has shown signs of exhaustion following a substantial rebound, while rising bond yields weigh on market sentiment and strengthen the US dollar. Technology stocks have gained at the expense of the broader market, with Middle East deals propelling SuperMicro higher. Boeing has secured a record deal with Qatar and is expected to create significant jobs, while healthcare stocks continue to underperform. Meanwhile, commodities are slumping as the US dollar surges. Closer to home, Aussie shares are set to open lower on Thursday, snapping a six-day winning streak ahead of key employment data.

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Market Close 14 May 25: Aussie stocks lift for a sixth day

Wed, 14 May 2025 06:51:54 +0000

The market has held strong on the recent winning streak – even if only just. Laura and Stevie discuss these 6 days of gains that have seen the market at the best levels in around eleven weeks. They start by looking at international markets as the recent volatility continues to keep markets tense ahead of a possible rate cut decision and upcoming jobs data, unpack the sectors with energy stocks remaining standouts, and they look at the stocks that saw the biggest moves including Aristocrat Leisure and Life360.

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Morning Report 14 May 25: US stocks erase 2025 losses as Nvidia powers tech rally

Tue, 13 May 2025 20:53:59 +0000

Technology stocks are driving Wall Street higher, recovering previous losses, while US bond yields hold steady following a slower-than-expected rise in inflation. Meanwhile, the US and Saudi Arabia have announced a $1 trillion trade pledge, with Nvidia and AMD set to supply chips for AI data centres in the kingdom. In commodities, oil prices are climbing amid tariff cuts, and copper has hit a six-week high following a US-China trade truce. Closer to home, Australian shares are poised to extend gains for a sixth consecutive session on Wednesday, with investors eyeing upcoming wage data. Aristocrat Leisure and CBA shares will also be in focus ahead of key trading updates.

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Market Close 13 May 25: Aussie stocks surge on US-China truce

Tue, 13 May 2025 06:51:17 +0000

The Aussie share market climbed for a fifth straight session, lifted by optimism over a temporary US-China trade deal that saw both countries reduce tariffs for 90 days. Global markets surged in response, with US stocks rising sharply and Australian stocks following suit—though gains faded slightly by close. Breville and Life360 soared on positive trade implications and strong earnings, respectively. Meanwhile, consumer confidence rebounded modestly, and all eyes now turn to upcoming US inflation data and Australia’s jobs report, with a local rate cut potentially on the horizon.

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Morning Report 13 May 25: Stocks surge on US-China trade deal

Mon, 12 May 2025 20:52:22 +0000

Global equity markets surged as investors cheered the US-China trade deal, with the Dow Jones jumping over 1,100 points and the S&P 500 closing at its highest level since March 3rd. Technology stocks, particularly those with significant exposure to China, saw strong gains. Apple is poised to implement iPhone price hikes, while NRG Energy is betting on the future of gas with a $12 billion LS deal. Meanwhile, Treasury yields rose as the US-China trade agreement pushed investors away from safe havens, causing oil prices to climb to a two-week high amid tariff reductions. Gold, however, slumped nearly 3% as its appeal dimmed. Closer to home, Aussie shares are expected to open higher on Tuesday after hitting two-month highs. The Aussie dollar continues to slide against the US dollar, while investors keep a close eye on Life 360’s earnings update and upcoming sentiment surveys

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Market Close 12 May 25: The winning streak remains alive

Mon, 12 May 2025 06:53:51 +0000

The Aussie market has seen further gains today as trade talks once again demand attention. Laura and Stevie reflect on this session which lost some steam as the afternoon went on but ultimately stayed in the green. With an update on trade discussions expected in the day ahead some volatility could be on the cards, they address the increase in oil prices along with the flow through to our energy sector and unpack the mixed bag across the other sectors with healthcare seeing declines.

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Morning Report 12 May 25: US investors hold off ahead of Geneva trade talks

Sun, 11 May 2025 20:56:04 +0000

US stocks eased ahead of the upcoming US-China trade talks, with energy stocks leading gains in the S&P 500 after a rebound in oil prices. Pharmaceutical stocks remained under pressure amid ongoing regulatory concerns, while Tesla shares staged a notable recovery despite prior underperformance. Meanwhile, weaker-than-expected Chinese inflation data created headwinds for AXS miners, adding further uncertainty to the market. Locally, SPI futures suggest a modest gain for the ASX200, while the Aussie dollar holds steady as investors await more details on trade negotiations.

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Market Close 09 May 25: Investors keenly await China-US trade talks

Fri, 09 May 2025 06:54:14 +0000

The Australian share market ended the week flat despite a slight lift on Friday. Investors remained cautious as global trade tensions dominated headlines, with a new US-UK trade deal sparking optimism and US-China tariff talks looming over the weekend. The market’s biggest movers included tech stocks, financials, and energy shares, while materials lagged due to falling gold prices. Looking ahead, key data releases from China and Australia—including inflation, jobs, and wages—alongside major events like the RBA interest rate decision and US economic reports, are set to drive market sentiment in the week ahead.

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Morning Report 09 May 25: US stocks rise as Trump says ‘buy’ ahead of China talks

Thu, 08 May 2025 20:57:33 +0000

Northern Hemisphere investors are upbeat as the US-UK trade deal is hailed as a significant milestone, boosting the US dollar but sending US bonds lower as Trump pushes for riskier investments. Airline stocks climb as British Airways' parent plans to acquire 30 Boeing jets, while Tapestry gains on an improved outlook. Meanwhile, Krispy Kreme plunges 25% to a record low after cutting dividends. In Europe, stocks remain mixed following Trump's tariff deal with the UK. In commodities, oil rises 3% on US-China trade optimism, but gold and iron ore slip. Closer to home, Aussie shares are poised for a modest lift on Friday ahead of Macquarie Group’s earnings release.

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Market Close 08 May 25: Banks remain in the spotlight

Thu, 08 May 2025 06:51:44 +0000

The Australian share market saw only modest gains on Thursday, with investor enthusiasm muted as financial stocks took the spotlight amid mixed earnings reports. Meanwhile, global attention turned to a potential US-UK trade deal teased by Donald Trump and an uneventful US Fed meeting that left interest rates unchanged but warned about the risks of tariffs. Despite weak energy prices, industrials, tech, and utilities sectors posted gains, helping the market tread water ahead of Macquarie's earnings and a Bank of England rate decision.

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Morning Report 08 May 25: Stocks rise as Powell says economy is holding up

Wed, 07 May 2025 20:55:56 +0000

Wall Street staged a late rally, lifting stocks as the Federal Reserve maintained interest rates, signalling a cautious wait-and-see stance. Meanwhile, Disney outperformed expectations with a strong earnings report, propelling its stock higher, while Alphabet's shares declined amid concerns over market share erosion and ongoing antitrust scrutiny. In commodities, oil prices slipped nearly 2% as US gasoline inventories rose, while iron ore reached a two-week high on optimism surrounding China's stimulus measures. Closer to home, the ASX 200 is poised for a flat open on Thursday as investors await ANZ’s earnings results.

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Market Close 07 May 25: China stimulus boosts Aussie stocks

Wed, 07 May 2025 06:41:27 +0000

It has been a choppy session today, but the Aussie market has ultimately bounced back following stimulus news out of China. Laura and Stevie discuss this news which will encourage more money to flow through China, the falls across the US market overnight following disappointment in a lack of clarity around trade deals, and look at the performance of the sectors with three of the eleven seeing declines. More data from the major banks moved stocks, Zip attracted attention with a gain of around 10%, and Temple and Webster revealed positive news.

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Morning Report 07 May 25: US shares drop as investors await trade deals and a Fed decision

Tue, 06 May 2025 20:59:55 +0000

US stocks fell as investors awaited key trade developments and an upcoming Federal Reserve decision. Palantir shares slumped by the most in a year following a weak sales forecast, while pharmaceutical stocks dipped after President Trump announced new tariffs. Tesla also reported a sharp decline in sales across major European markets. Still in Europe, German stocks pared losses after Frederick Merz was elected Chancellor, offering some political stability. Meanwhile, China’s services sector growth slowed to a seven-month low, raising fresh concerns about the global recovery. In commodities, oil rebounded on signs of stronger demand from Europe and China, while gold rose more than 3% as attention turned to the Fed’s next move. Closer to home, Aussie shares are expected to open lower on Wednesday, with investors eyeing NAB’s earnings results.

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Morning Report 06 May 25: Confession season keeps investors guessing

Tue, 06 May 2025 06:43:26 +0000

The ASX200 saw a flat trading day after Monday’s sharp 1% drop, which ended a seven-day winning streak—the longest of the year. While sectors were mixed, healthcare and financials dragged, with Westpac and CBA under pressure following weaker results. In contrast, consumer discretionary led gains, and gold miners stood out as gold prices rebounded. At Macquarie’s annual conference—also dubbed "confession season"—companies like Sigma, WiseTech, and HMC Capital disappointed investors, while ComputerShare, Tabcorp, and NextDC impressed with strong updates and guidance.

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Morning Report 06 May 25: S&P 500 snaps nine-day winning streak after Trump’s Hollywood tariffs

Mon, 05 May 2025 20:58:28 +0000

Wall Street closed lower, with the S&P 500 snapping a historic nine-day winning streak. In company news, GoDaddy posted better-than-expected earnings, while Netflix ended an eleven-session winning streak amid market reaction to Trump’s proposed tariffs on foreign films. Meanwhile, US bond yields edged higher following stronger-than-expected data from the services sector. In commodities, oil fell to a four-year low due to rising OPEC supply, while gold prices climbed ahead of the upcoming US Federal Reserve meeting. Closer to home, Aussie shares are set to fall on Tuesday after ending a seven-day winning streak.

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Market Close 05 May 25: An abrupt end to a 7-day winning streak

Mon, 05 May 2025 06:51:17 +0000

The recent winning streak has ended abruptly today, and Laura and Stevie reflect on this session which follows 7 straight days of gains. The energy sector has weighed on local markets amid price slumps and supply changes, and the tech sector and financials have seen declines with the big banks dragging on local markets. They discuss the recent election, Westpac’s earnings results, what to expect in the week ahead, and the stocks that caught attention including SmartPay and Qantas.

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Morning Report 05 May 25: Wall Street propelled higher by encouraging jobs figures

Sun, 04 May 2025 20:59:00 +0000

US stocks rallied on Friday after stronger-than-expected jobs growth in April boosted investor confidence. The S&P 500 rose for a ninth straight session—its longest winning streak since 2004—with all sectors finishing in the green. Communication services led the gains, driven by a 4% jump in Meta shares. Financials also advanced, with the KBW Bank Index climbing 4% over the week, while industrials were buoyed by a 3% lift in Caterpillar and 3M. In commodities, oil prices slid 1.5%, marking their biggest weekly decline since March while gold futures also eased back from record highs. Closer to home, futures suggest a positive start for the ASX 200, as investors turn their attention to the upcoming confession season.

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Market Close 02 May 25: The best week of 2025

Fri, 02 May 2025 06:57:15 +0000

The winning streak has continued into a seventh straight day despite the market opening lower this morning. Laura and Stevie discuss the session, where the gains could have been attributed to hints at an ease to trade tensions, and locally 10 of 11 sectors are in positive territory with mining and energy seeing some standouts. Meta, Microsoft, Apple and Amazon results are discussed, and they discuss the big winners and losers including Zip and Clarity Pharmaceuticals.

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Morning Report 02 May 25: Stocks rise as strong earnings boost risk appetite

Thu, 01 May 2025 20:55:26 +0000

US stocks rose to kick off May, as Meta and Microsoft rekindled the AI trade. However, Amazon shares slipped after earnings fell short, weighed down by disappointing cloud revenue. Meanwhile, the weight-loss drug sector saw heightened competition, with CVS choosing Novo Nordisk over Eli Lilly, intensifying the price wars. European markets were closed for the Labor Day holiday, but UK shares remain on track for their best run since 2017. In commodities, oil prices climbed as President Trump threatened new sanctions on Iran, while gold dipped to a two-week low amid optimism over trade talks. The US dollar strengthened against most major currencies, and Treasury yields rose following a better-than-expected manufacturing report. Closer to home, Aussie shares are expected to fall on Friday ahead of the federal election.

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Market Close 01 May 25: Tech stocks soar on US earnings reports

Thu, 01 May 2025 06:30:00 +0000

The Aussie market had a quiet start to May, trading in a tight range but holding above the key 8,100-point level. Tech stocks led gains, lifted by strong earnings from Microsoft and Meta, while data centre firms like HMC Capital and DigiCo surged on AI-related investment news. In contrast, energy and materials dragged due to falling oil prices and BHP’s decline. Looking ahead, investors are eyeing US earnings from Apple and Amazon, local retail sales, and producer price data.

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Morning Report 01 May 25: Wall Street survives growth scare

Wed, 30 Apr 2025 20:57:07 +0000

After disappointing economic growth figures, US stocks slumped in early trade, though falling long-term interest rates helped spark a late-session recovery. After hours, Microsoft shares surged on stronger-than-expected earnings, while Meta also gained following an earnings beat. In commodities, oil prices posted their sharpest monthly drop in four years, and industrial metals fell on signs of weaker Chinese manufacturing activity. Closer to home, the ASX is expected to open lower on the first day of the new month, even as the Australian dollar strengthened.

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Market Close 30 Apr 25: Longest winning streak in a month for Aussie stocks

Wed, 30 Apr 2025 06:39:41 +0000

Aussie markets wrapped up April on a high, with the ASX 200 closing in on an eight-week peak after five consecutive days of gains. Fresh inflation data showed headline and underlying inflation easing, boosting hopes for a potential interest rate cut in May. Looking ahead, investors are eyeing key US inflation numbers and earnings from tech giants like Microsoft, Meta, and Amazon, plus local updates on trade and home prices to kick off May.

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Morning Report 30 Apr 25: Stock bulls fuel best winning run since March 2022

Tue, 29 Apr 2025 20:56:05 +0000

Investor confidence continues to build, with Wall Street rising for a sixth consecutive session. Sherwin-Williams shares climbed after a strong first-quarter performance, while UPS fell as the company announced plans to cut 20,000 jobs this year. Meanwhile, Wells Fargo added to the positive sentiment, unveiling a share buyback program of up to $40 billion. In the bond market, US yields slipped to a three-week low amid weakening economic data, while the US dollar strengthened on signs of easing trade tensions. European shares also posted a sixth straight day of gains, echoing the upbeat mood in global markets. In commodities, oil dropped 2% to a two-week low, and gold futures extended their decline. Closer to home, Aussie shares are poised to notch a fifth consecutive day of gains, with investors closely watching upcoming inflation data.

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Market Close 29 Apr 25: Aussie market reaches an 8-week high

Tue, 29 Apr 2025 06:47:49 +0000

The market has extended the winning streak today for a fourth consecutive session. Steve is solo to unpack this performance with the market going from strength to strength and reaching the best level in around 8 weeks. Steve discusses the data that is expected tomorrow that could influence local rate cut discussions and looks at international markets with the US also expecting a busy week amid jobs updates and earnings data. Consumer staples was the only sector to not push higher, and Steve discusses the stocks that moved the most including Boss Energy and Mineral Resources.

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Morning Report 29 Apr 25: Wall Street mixed as investors brace for key earnings numbers

Mon, 28 Apr 2025 21:03:03 +0000

US stocks ended mixed overnight as investors look ahead to a busy week of company earnings. Interest rates eased as markets anticipated key inflation and growth figures due later in the week. Tech giant Nvidia slipped more than 2% after reports that Huawei is preparing to launch a competing chip. In Europe, stocks closed higher, led by gains in healthcare and banking sectors. Meanwhile, the US dollar moderated, although commodities generally weakened, with oil sliding 1.5% amid concerns over global growth and supply risks. Closer to home, the Aussie share market is set to open modestly higher on Tuesday, while the Aussie dollar firmed against a softer Greenback.

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Market Close 28 Apr 25: The Aussie market hits a one month high

Mon, 28 Apr 2025 06:52:17 +0000

The market has lifted for a third straight day with the market cracking the 8000-point mark once again. Steve is solo to unpack this encouraging performance and to look at the position of each of the sectors with 9 of them seeing gains, tech and energy being the standouts. Steve discusses the stocks that saw both positive and negative reactions to the ongoing tariff conversations, the companies that caught attention including Flight Centre and Telix Pharmaceuticals, and what to watch in the week ahead.

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Morning Report 28 Apr 25: Technology leads Wall Street higher

Sun, 27 Apr 2025 20:55:37 +0000

Wall Street advanced last week, buoyed by the latest earnings reports, with the Nasdaq rising 1.3% to signal a positive trend. Alphabet shares gained 1.7% on the back of encouraging results, while investors now turn their attention to upcoming reports from Meta, Microsoft, and Apple. Meanwhile, trade negotiations between the US and China remain ongoing and complex. In commodities, prices lagged as the US dollar strengthened. Closer to home, the ASX 200 is poised for a flat start on Monday, with investors eyeing quarterly inflation data due on Wednesday.

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Market Close 24 Apr 25: The winning streak remains alive

Thu, 24 Apr 2025 06:24:45 +0000

Steve is solo again today with the Aussie market continuing to hold onto some solid gains that have accumulated across this short week. Steve reflects on this two-week streak following a challenging February and March, looks at the performance of US markets which saw gains amid softening tariff conversations, and unpacks the standout performers today with many seeing gains despite energy and consumer staples coming under pressure. Uranium stocks have attracted attention, and Steve looks at what could move markets in the week ahead.

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Morning Report 24 Apr 25: Wall Street ends higher on hopes of trade war de-escalation

Wed, 23 Apr 2025 21:03:41 +0000

Wall Street surged overnight as investor sentiment improved following President Trump's softened stance on trade, fueling hopes for a deal with China. Technology stocks led the rally, with notable gains across the sector. Tesla shares rose after Elon Musk signalled a pullback from DOGE-related activity, while Boeing reported a smaller-than-expected loss despite ongoing trade war concerns. US bond yields were mixed amid Trump's latest pivot on the Federal Reserve and tariffs, while the US dollar rebounded as the White House moved to ease tensions with China. In commodities, oil prices retreated more than 2%, and gold slid as demand for safe-haven assets waned. Closer to home, futures point to a flat start for the ASX, following yesterday’s gains.

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Market Close 23 Apr 25: The best day in over a week for Aussie stocks

Wed, 23 Apr 2025 06:39:43 +0000

It has been an encouraging session on the Aussie market which shook off the sizable declines that started the week. Steve is solo today to unpack the session where tariff discussions continue to drive market reactions, discuss the standout performers which included energy, tech, and mining stocks, and the hefty declines seen across gold miners. Steve also looks at what is on the cards for the remainder of the holiday shortened week including US property sales data and profit results for the likes of Boeing and IBM.

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Morning Report 23 Apr 25: Dow jumps 1,000 points to snap a 4-day losing streak

Tue, 22 Apr 2025 20:55:04 +0000

Wall Street rebounded overnight, with major indexes ending higher as investors responded positively to corporate earnings and growing optimism around easing tariff tensions. Industrial giant 3M held steady, maintaining its full-year outlook, while Tesla reported a 20% decline in automotive revenue. In commodities, oil prices surged 2% following the announcement of new sanctions on Iran, while gold briefly hit a fresh record high before pulling back. Copper also edged higher, defying a generally downbeat outlook for global demand. Closer to home, Aussie shares are poised to rise on Wednesday, despite a downward revision to global growth forecasts from the IMF. Meanwhile, the strong US dollar continues to pressure the Aussie dollar, which has weakened in response.

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Market Close 22 Apr 25: Aussie market shakes off US tumble

Tue, 22 Apr 2025 06:26:50 +0000

Aussie markets held their ground after a rough night on Wall Street, where US indices plunged following Donald Trump’s fiery social media post attacking Fed Chair Jerome Powell. Despite the global jitters, the ASX 200 steadied, thanks in large part to a 3.8% surge in CBA shares. Gold stocks sparkled on safe haven demand, while tech and energy lagged amid interest rate fears and falling oil prices.

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Morning Report 22 Apr 25: Trump criticizes Powell; Wall Street slumps

Mon, 21 Apr 2025 20:56:57 +0000

Wall Street fell sharply, with the S&P 500 shedding 2.5% after President Trump criticised the Fed’s pace of interest rate cuts. Tesla also came under pressure ahead of its earnings release, facing heightened scrutiny. In commodities, oil prices dropped more than 2% on mounting global growth concerns, while gold surged to another record high as investors sought safe-haven assets. Looking ahead, Aussie shares are poised to open lower on Tuesday, and the Aussie dollar has strengthened as the US dollar slumped to a three-year low.

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Market Close 17 Apr 25: Best week of the year

Thu, 17 Apr 2025 06:30:22 +0000

Aussie shares defied expectations and finished the week on a high, with the ASX200 lifting despite sharp overnight losses on Wall Street. The unexpected strength came after weaker-than-expected March jobs data—just over 32,000 jobs added and a rise in the unemployment rate boosted hopes of a rate cut when the RBA meets on May 20. Energy and mining stocks led the gains, helped by a rebound in oil, gold, and iron ore prices, while BHP and Pilbara Minerals faced pressure from underwhelming quarterly results. With markets now closed for the Easter long weekend, all eyes turn to global earnings, including Netflix, and ongoing trade tensions that could stir things up before trading resumes Tuesday.

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Morning Report 17 Apr 25: Technology slump leads Wall Street lower

Wed, 16 Apr 2025 20:57:49 +0000

Wall Street returned to volatility overnight as investors weighed the impact of Jerome Powell’s latest comments on interest rates. Tech stocks led the decline, with Nvidia tumbling 8% following a massive write-down, dragging the broader sector lower. The Philadelphia Semiconductor Index shed more than 5% in response. In contrast, retail sales surged ahead of an expected tariff increase, offering a rare bright spot in an otherwise turbulent session. Meanwhile, the US dollar slumped, boosting commodities — oil climbed 2%, while gold surged to record highs. Closer to home, ASX 200 futures point to a weaker open on Thursday, with local investors eyeing upcoming employment data. The Aussie dollar gained ground on US dollar weakness, adding to the global currency market shifts.

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Market Close 16 Apr 25: Market erases all early gains

Wed, 16 Apr 2025 06:39:46 +0000

The Aussie share market started strong but lost steam by the close, ending slightly lower and breaking its winning streak—despite upbeat economic data from China. Energy, mining, and healthcare stocks dragged the market down, while major banks and gold stocks lifted. On the flip side, Mineral Resources tumbled after two board resignations, and Rio Tinto dropped on weak quarterly results. Investors are eyeing key U.S. economic data and an interest rate decision from Canada tonight, while tomorrow’s Australian jobs report will be crucial in shaping expectations for a potential RBA rate cut in May.

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Morning Report 16 Apr 25: Wall Street ends lower with investors focused on tariff headlines

Tue, 15 Apr 2025 20:56:08 +0000

Markets experienced mixed fortunes overnight, as investors weighed the latest developments on tariffs. Sentiment was shaped by reports that the White House may suspend tariffs on auto parts—a move that helped lift European car makers. Meanwhile, bank stocks continued their upward momentum on the back of improved earnings. Johnson & Johnson posted better-than-expected results, though its shares slipped amid lingering tariff concerns. In currency and commodity markets, the US dollar has rebounded, while prices remain volatile—oil held steady, and gold edged back toward record highs. Closer to home, futures point to a flat open for the ASX 200, and the Aussie dollar has eased slightly.

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Market Close 15 Apr 25: Market pushes higher for a second day

Tue, 15 Apr 2025 06:29:13 +0000

The session has been relatively subdued today and remained mostly flat. Laura and Stevie discuss the session which saw some slight gains around midday and a mixed performance across the sectors with materials and financials helping to keep the market in the green. They discuss the dividend payments occurring today including Hub24, the mixed performance of gold miners, and the names that made headlines including Collins Food.

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Morning Report 15 Apr 25: Wall Street ends higher on Trump tariff news

Mon, 14 Apr 2025 20:58:42 +0000

Both US and European stocks posted gains, buoyed by the news of potential tariff exemptions. Bank stocks advanced on the back of better-than-expected earnings reports, while carmakers also benefited from the easing trade tensions. In commodities, prices were mixed. A softer US dollar supported firmer copper prices, while gold pulled back from record highs and oil prices edged lower. Closer to home, futures are pointing to modest gains for the ASX 200, and the Aussie dollar has firmed overnight.

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Market Close 14 Apr 25: Market rallies on temporary tariff reprieve

Mon, 14 Apr 2025 06:59:37 +0000

The market has seen a solid improvement today following a week which saw some sizable swings. Stevie is back on board and joins Laura to reflect on this recent performance and to further unpack the latest in the tariff saga. The majority of the sectors have seen gains and so they run through the big winners including Viva Energy and DroneShield, discuss the performance of gold stocks, and look at what to expect across this short week with US earnings data likely to gain attention.

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Morning Report 14 Apr 25: Wall Street ends withering week with gains

Sun, 13 Apr 2025 20:59:11 +0000

Despite ongoing volatility, U.S. markets closed the week with notable gains, with the NASDAQ posting its best weekly performance since November 2022. Bank stocks moved higher as earnings season kicked off, buoyed by better-than-expected results from JP Morgan, which helped lift investor confidence. After the closing bell, the Trump administration announced a major trade concession, exempting smartphones, computers, and other consumer electronics from reciprocal tariffs. In commodities, gold surged to fresh record highs, while oil prices rebounded on Friday but still ended lower for the week. Looking ahead, futures suggest a strong start for the ASX 200 when trading resumes on Monday.

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Market Close 11 Apr 25: A wild week for share markets

Fri, 11 Apr 2025 06:45:30 +0000

It’s been a rollercoaster week for global markets, with Aussie investors caught in the crossfire of escalating trade tensions between the US and China. The back-and-forth, led by unpredictable moves from President Trump, has triggered some of the most extreme market volatility since the GFC and COVID era. Despite the chaos, the Aussie sharemarket is surprisingly set to finish the week only half a percent lower, thanks to a couple of strong sessions mid-week.

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Morning Report 11 Apr 25: US stocks plunge as trade war escalates

Thu, 10 Apr 2025 20:58:57 +0000

After a historic rally, Wall Street has posted significant declines amid escalating trade tensions, as the Trump administration raised tariffs on Chinese imports for a second consecutive day. The S&P 500 gave back gains from its best single-day performance in 17 years, while technology stocks—especially in the semiconductor sector—suffered steep losses. Investor sentiment turned risk-averse, with many moving away from the US dollar in search of safe-haven assets. Gold surged 3.5%, while oil prices slipped lower. Closer to home, SPI futures suggest the ASX 200 is set to open lower on Friday.

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Market Close 10 Apr 25: Best day since March 2020

Thu, 10 Apr 2025 06:45:52 +0000

Global share markets have been on a rollercoaster, with Aussie shares on track for their best day since 2020. On news that Trumps tariffs would be delayed for everyone except China, the Dow surged almost 8%, the S&P 500 jumped 9.5% — its best day since 2008 — and the Nasdaq soared 12.2%, its second-biggest gain ever. While uncertainty remains with China preparing stimulus measures and tensions far from resolved, markets are riding the wave of optimism — at least for now.

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Morning Report 10 Apr 25: US shares post third-biggest gain in post WWII history

Wed, 09 Apr 2025 20:58:27 +0000

It was a historic day on Wall Street as the Trump administration paused reciprocal tariffs with several key trading partners, sparking a broad market rally. All sectors of the S&P 500 closed higher, led by strong gains in information technology, while the NASDAQ logged its second-biggest gain on record. Investor speculation is building that the Federal Reserve may step in if the bond sell-off intensifies, adding further fuel to market optimism. Commodities surged on the news, with oil jumping 4% and gold soaring 3% to hit fresh record highs. Looking ahead, Aussie shares are expected to rally sharply, with futures pointing to a 6% surge at the open.

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Market Close 09 Apr 25: Markets tumble amid the highest tariffs in more than 100 years

Wed, 09 Apr 2025 06:50:22 +0000

The Aussie market has taken a tumble once more today following the short-lived improvements of yesterday amid the introduction of further reciprocal tariffs. Laura reflects on the recent turbulent performance both locally and globally as the highest tariffs in more than 100 years have been introduced, unpacks the sectors with all but one falling - some substantially, and she looks at the few stocks that have managed gains.

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Morning Report 09 Apr 25: Trade war headlines whipsaw investors

Tue, 08 Apr 2025 20:59:13 +0000

Wall Street surrendered early gains overnight as the US-China trade war intensified. Long-term interest rates surged as investors shifted their focus to the inflationary impact of rising tariffs. Apple shares have plunged more than 20% in recent days, while US defence stocks climbed on hopes of increased government spending. In Europe, share markets rebounded slightly from 14-month lows after four consecutive sessions of heavy selling. Commodities also took a hit, with prices slumping amid growing concerns over global growth. Meanwhile, Aussie shares are expected to open lower on Wednesday, giving up the previous day’s gains and the Aussie dollar remains at five-year lows.

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Market Close 08 Apr 25: The market rebounds with the best day since November 2022

Tue, 08 Apr 2025 06:34:38 +0000

It is a sea of green today as Laura unpacks the performance of the local market following the steep declines of yesterday. Laura reflects on this best day locally since November 2022 and recaps the performance of international markets overnight. Tariffs continue to dominate the headlines with China refusing to back down on their retaliatory tariffs and Trump set to impose further tariffs in response. Locally interest rate cuts are becoming more likely, and Laura talks through the companies that caught attention including Star Entertainment.

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Morning Report 08 Apr 25: Wall Street mixed as markets roiled by headlines

Mon, 07 Apr 2025 20:57:04 +0000

US markets attempted to consolidate overnight, but ongoing tensions between the US and China did little to calm investor nerves. Bond markets surged higher, defying expectations of a potential rate cut in May. Apple shares were caught in the geopolitical crossfire, while communication stocks found pockets of support. In Europe, markets slumped on Monday, dragged down by weakness in energy and financial stocks. Meanwhile, commodity prices continued their retreat, with both gold and oil slipping lower. And despite the global uncertainty, futures are pointing to a gain for the ASX 200 when local trade begins.

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Market Close 07 Apr 25: The worst day since May 2020

Mon, 07 Apr 2025 07:15:59 +0000

It has been a rough day for the Aussie market today as it mirrored global markets and dropped substantially with declines not seen since 2020. Trump’s tariffs have sparked discussions of a global recession and Laura unpacks the global market moves being made amid these events. Laura unpacks the performance of the local sectors with declines happening across the board, both the Aussie dollar and gold prices have dropped, and Laura talks through the stocks that did manage to see some gains amid a sea of red.

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Morning Report 07 Apr 25: US and European markets plunge as trade war expands

Sun, 06 Apr 2025 20:56:00 +0000

US and European markets plunged as investors reacted to the deepening US-China trade war and rising global growth concerns. Panicked investors pushed the fear gauge to its highest level since April 2020, while interest rates fell to lows not seen since September 2022. Commodities also sank, led by copper’s biggest one-day drop since 2020. The Aussie dollar retreated, weighed down by fears of a slowdown in China, and local markets are bracing for impact, with Aussie shares expected to post their worst single-day performance in five years on Monday.

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Market Close 04 Apr 25: Worst day in 7 months

Fri, 04 Apr 2025 06:08:43 +0000

Join Laura as she dives into a turbulent week for markets, with Trump's new tariffs sparking a sharp global sell-off. The Aussie market has tumbled back into correction territory, wiping out over $110 billion this week alone, with 10 of 11 sectors in the red. Meanwhile, some gold miners like Capricorn Metals bucked the trend, hitting all-time highs.

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Morning Report 04 Apr 25: Global equities plunge as investors respond to Liberation Day tariffs

Thu, 03 Apr 2025 19:57:34 +0000

The US market has experienced a significant sell-off, erasing $2 trillion in value as investors reassess growth prospects and company earnings. Stock markets worldwide have plunged, with global manufacturers leading the declines. Major names such as Nike, Apple, Amazon, and Starbucks have suffered double-digit losses, reflecting widespread uncertainty. Interest rates have fallen to their lowest level since October, while oil prices have retreated amid fears of a global recession. Closer to home, futures indicate further declines for the ASX 200, though the Australian dollar has shown resilience despite the broader market downturn.

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Market Close 03 Apr 25: Billions wiped off Aussie market following tariffs

Thu, 03 Apr 2025 05:40:54 +0000

Global markets took a hit after Trump’s tariff announcement, with the Aussie market initially plunging 2.1%—wiping nearly $50 billion off its value—before recovering slightly to a 1% loss ($23 billion). Investors reacted sharply to new baseline 10% tariffs on all countries and much higher levies on major trading partners like China, triggering fears of a trade war. Defensive stocks like consumer staples provided rare bright spots, while energy, tech, and mining stocks suffered. Gold surged to a record high, benefiting gold miners, while agriculture and luxury retail stocks with US exposure tumbled.

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Morning Report 03 Apr 25: Global investors wary as Liberation Day dawns

Wed, 02 Apr 2025 20:01:10 +0000

Wall Street posted modest gains as investors await clarity on the scale of tariffs affecting all U.S. imports. In corporate news, Tesla rebounded from steep losses following reports that Elon Musk plans to step down as a Trump advisor, while Amazon shares rose after a bid to acquire TikTok. Across the Atlantic, European markets retreated, with industrials and automakers leading the declines. Meanwhile, in commodities, oil gained nearly 1% as sanctions remained in focus, while gold and iron ore also saw gains. Looking ahead, Aussie shares are set for a flat open as investors await the RBA's financial stability review.

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Market Close 02 Apr 25: A second day of gains ahead of further tariffs

Wed, 02 Apr 2025 05:50:36 +0000

The Aussie market has managed to hold onto some of the gains this afternoon despite dropping from the highs earlier in trade. Laura discusses Trump’s tariffs with further information expected around them tomorrow morning at this stage, and she looks at the performance of the US market overnight. A May rate cut continues to be in the conversation, mining and energy stocks have taken a hit, and gold prices have dropped slightly following the recent record high for the commodity. Laura unpacks the performance of each of the sectors and the standout performers today including Emerald Resources and Zip.

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Morning Report 02 Apr 25: Wall Street consolidates ahead of Liberation Day tariffs

Tue, 01 Apr 2025 19:56:43 +0000

Wall Street moderated as investors remained cautious ahead of upcoming tariffs set to take effect on Liberation Day. Concerns over slowing manufacturing activity added to broader growth fears, while falling interest rates signaled expectations of three rate cuts in the US this year. In corporate news, Tesla shares rebounded ahead of its quarterly sales report, while Johnson & Johnson declined after a judge's ruling. Moderna continued its slump, weighed down by FDA-related developments. Meanwhile, commodities softened, pressured by growth concerns and Aussie shares are expected to consolidate on Wednesday following yesterday’s strong gains.

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Market Close 01 Apr 25: RBA keeps rates on hold, and the eve of Trump’s tariffs

Tue, 01 Apr 2025 06:27:55 +0000

The market has finished the session with a gain this afternoon coming off the back of recent losses. Laura unpacks the recent performance both internationally and at home and discusses the retail spending data that was in focus this morning ahead of the RBA interest rate decision. Rates remained on hold as expected and so Laura gives some insight on that decision and the outlook for future cuts, further explores the ongoing tariff conversations, and looks at the performance of each of the sectors with gold stocks catching attention as the commodity sees another record high.

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Morning Report 01 Apr 25: Wall Street stays volatile as tariff concerns persist

Mon, 31 Mar 2025 20:07:52 +0000

Wall Street bounced back from early losses, with investors positioning ahead of the month’s close. The Dow Jones led the late-session recovery, boosted by a 3% gain from Walmart. In Europe, markets struggled, with German stocks hitting their lowest levels since February and auto manufacturers led the decline ahead of Liberation Day tariffs. Commodities painted a mixed picture—oil prices rose, and gold stocks hit fresh record highs, while iron ore and copper slipped. Looking ahead, Aussie shares are set for a weaker start to April, with futures pointing to a lower open.

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Market Close 31 Mar 25: Worst day in 3 weeks

Mon, 31 Mar 2025 05:53:31 +0000

The Aussie market is set for its worst day in three weeks, down 1.5% as investors react to a sharp decline in U.S. markets, rising inflation concerns, and uncertainty over Trump's impending tariffs. Gold has surged as a safe-haven asset, but even gold stocks are caught in the broader sell-off. Looking ahead, markets will be watching Trump's tariff moves, Friday’s U.S. jobs report, and a key speech from Jerome Powell. Locally, all eyes are on the RBA's interest rate decision tomorrow, widely expected to remain unchanged as policymakers wait for fresh inflation data.

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Morning Report 31 Mar 25: Growth concerns return as Trump tariffs take center stage once more

Sun, 30 Mar 2025 20:01:02 +0000

Wall Street is facing renewed growth concerns as Trump’s tariffs return to the spotlight. Technology stocks led declines, with Apple and Amazon each tumbling more than 4%. Auto makers also retreated on tariff worries, dragging General Motors and Ford lower. Elsewhere, Lululemon shares slumped following a profit downgrade. In Europe, car makers continued to weigh on EU stocks, reflecting similar concerns over trade policy. In commodities, the oil market is in focus as Trump threatens new energy tariffs, while gold surged as investors sought safe-haven assets. Looking ahead, SPI futures indicate a steep drop for the ASX 200.

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Market Close 28 Mar 25: Two weeks of gains for the Aussie market

Fri, 28 Mar 2025 05:52:08 +0000

The market has snuck into positive territory today but only slightly following a mostly flat performance. Laura and Stevie reflect on the recent correction that the market has seen and the rebound that followed, continue the discussions around tariffs, and look at the mixed performance across the sectors. Paladin Energy caught attention as did Aurora Innovation, and they look at what could move markets in the days ahead.

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Morning Report 28 Mar 25: Trade war fears send U.S and European stocks lower

Thu, 27 Mar 2025 20:03:30 +0000

Wall Street is retreating as concerns over trade tensions intensify, with the latest Trump tariffs on auto imports casting a shadow over global growth. U.S. and European carmakers are leading declines, while industrial metals are under pressure as investors question future demand. In commodities, oil prices are firming amid falling U.S. inventories, and gold is edging back toward record highs. Looking ahead, SPI futures indicate a flat start for the ASX 200 on Friday as markets assess the ongoing trade uncertainty.

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Market Close 27 Mar 25: An end to the 5-day winning streak

Thu, 27 Mar 2025 05:35:45 +0000

The market has had a solid run over the past five days but today snapped that winning streak closing slightly lower. Laura and Stevie reflect on this positive run and the impact that tariff conversations may have played in the end to the rally. They reflect on the performance of the sectors with energy and mining doing their part to keep the market aloft, and they talk through the attention grabbing stocks including Pro Medicus and Healius.

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Morning Report 27 Mar 25: Tech stocks fall 2% as tariff angst roils markets

Wed, 26 Mar 2025 19:57:41 +0000

US stocks fell sharply as President Trump prepared to announce auto tariffs, dragging down car shares. While banks appeared resilient against the latest tech-led sell-off, tech stocks faced heavy pressure, with Nvidia hit particularly hard. Meanwhile, CFO optimism in the US declined amid growing tariff uncertainty, though the US dollar gained on the same concerns. In Europe, UK Finance Minister Rachel Reeves trimmed spending plans, while cooling inflation provided a boost to the FTSE 100. In commodities, oil prices climbed 1% on a US crude draw, gold slipped as the dollar and bond yields strengthened, and iron ore firmed on rising Chinese demand. Looking ahead, Australian shares are expected to snap a five-day winning streak.

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Market Close 26 Mar 25: Softer inflation boosts chance of a May rate cut

Wed, 26 Mar 2025 05:50:20 +0000

The Aussie market has seen further gains today with most of the sectors in positive territory. Laura is solo today unpacking the session and reflects on the federal budget with many of the announced measures unlikely to impact interest rate decisions, inflation data coming in softer than expected however did result in some choppy moves this afternoon. Dividend payments continue to be a focus this week, and Laura discusses the stocks that caught attention including Paladin and Ramelius.

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Morning Report 26 Mar 25: Stocks waver as Wall Street digests Monday’s strong rally

Tue, 25 Mar 2025 19:54:58 +0000

Wall Street wavered overnight as investors digested Monday’s strong rally. US consumer confidence fell to a four-year low, weighing on sentiment. Meanwhile, KB Home shares slipped on affordability concerns, while UPS also declined amid worries over weak demand. In contrast, International Paper gained as brokers predicted a guidance beat. Elsewhere, Tesla’s market share in Europe continued to decline, despite growth in overall EV registrations. In commodities, oil prices fell after Russia and Ukraine agreed to a Black Sea shipping truce, while US copper hit a record high. Closer to home, tax cuts for Australians were announced in the Federal Budget and looking ahead, the ASX is expected to lift on Wednesday ahead of key inflation data.

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Market Close 25 Mar 25: Four day winning streak

Tue, 25 Mar 2025 05:25:03 +0000

The Aussie market is clinging to gains after a choppy session, with the ASX 200 flirting with the 8,000-point mark before retreating. US markets provided some support, buoyed by optimism over a potentially softer approach to tariffs. Tech stocks led local gains, mirroring a strong Nasdaq performance, but with Australia's tech sector being small, it wasn’t enough to lift the whole market. Looking ahead, the federal budget and key inflation data could shake things up, but with the RBA unlikely to move on rates next week, investors remain in wait-and-see mode.

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Morning Report 25 Mar 25: Dow rallies 500 points on hopes Trump is softening tariff stance

Mon, 24 Mar 2025 19:58:35 +0000

US markets rose overnight, buoyed by hopes of softer tariff measures. Tesla rebounded 10%, marking its strongest rally since the post-election surge, while Chinese rival BYD surpassed Tesla in revenue. In contrast, Azek slumped following its deal with James Hardie. Bond yields climbed on reports suggesting narrower tariffs from the Trump administration. Across the Atlantic, European markets ended flat as investor caution prevailed. In commodities, oil climbed 1% as Trump’s proposed tariffs that buy Venezuelan oil and gas, gold slipped on a stronger US dollar and iron ore prices rose on the back of solid Chinese demand. Looking ahead, Australia’s pre-election budget could temper expectations for further RBA rate cuts and Aussie shares are expected to open higher on Tuesday, ahead of the federal budget.

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Market Close 24 Mar 25: Market braces for busy week

Mon, 24 Mar 2025 06:16:16 +0000

A flat start to the week for Aussie stocks, with investors keeping a close eye on inflation data and a wave of dividend payouts ahead. The ASX 200 is struggling to break past the 8,000-point barrier, despite last week's 1.8% gain—its best of the year. Financials are holding the market up, while tech and consumer staples are among the worst performers. . Investors are also watching James Hardie’s $14 billion takeover deal and upcoming US inflation data, which could impact expectations for interest rate cuts.

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Morning Report 24 Mar 25: Wall Street snaps four-week losing streak

Sun, 23 Mar 2025 19:58:49 +0000

Wall Street ended the week with modest gains, as the Dow Jones notched its biggest weekly advance in two months. Tech stocks led Friday’s climb, adding momentum to the broader market. Meanwhile, FedEx shares slumped after the company cut its full-year forecast, while Nike fell as tariffs weighed on revenue. In commodities, oil prices firmed for a second straight week, gold eased back from record highs, and iron ore slipped on concerns over Chinese demand. Looking ahead, Aussie shares are expected to open lower on Monday.

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Market Close 21 Mar 25: The best week of the year for the Aussie market

Fri, 21 Mar 2025 05:51:53 +0000

Despite a turbulent session the market is in positive territory today which after the improvements of yesterday has set us up for the best week of the year. Laura and Stevie discuss the performance of international markets overnight amid the ongoing trade uncertainty and look at the local market with Coles and Woolworths pushing consumer staples higher after the ACC’s investigation into price gouging. They discuss the stocks that caught attention today including Premier Investments and Paladin Energy, and look to the week ahead with a substantial amount of dividends set to be paid out.

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Morning Report 21 Mar 25: Wall Street dips in choppy trade as economy tariff outlook assessed

Thu, 20 Mar 2025 20:02:30 +0000

Wall Street’s recovery lost momentum overnight, with technology stocks leading declines. In company news, shares in Accenture and IBM fell after warnings of DOGE cost cuts. Meanwhile, US bond yields tumbled as the Federal Reserve highlighted growing economic risks. In Europe, markets also slipped after global central banks flagged rising economic uncertainty. Elsewhere, oil prices climbed more than $1 after the US announced new sanctions on Iran, while gold surged to a fresh record high on expectations of US rate cuts. Looking ahead, the Australian share market is expected to finish the week lower, despite Thursday’s rebound.

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Market Close 20 Mar 25: Best day in 6 weeks for the Aussie market

Thu, 20 Mar 2025 05:44:51 +0000

The Aussie market has lifted today meaning we are on track for the best day in around six weeks. Laura and Stevie unpack this solid rebound following the recent lows and reflect on the monthly performance to date. With the US market seeing gains overnight they discuss this performance and with local jobs data having missed expectations and stealing the spotlight they unpack the part that this could play in local rate decisions. They look at the performance of each of the sectors with most charging higher, and the day ahead.

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Morning Report 20 Mar 25: Dow pops 500 points adding to gains after Fed rate decision

Wed, 19 Mar 2025 19:59:03 +0000

Wall Street advanced overnight, with the Dow Jones posting strong gains following the latest Federal Reserve decision. Technology stocks led the charge as long-term interest rates eased. European markets also climbed for a fourth consecutive session, with attention turning to Friday’s final vote on Germany’s spending plan. Meanwhile, energy stocks rose on the back of higher oil prices, while gold notched its 15th record high this year. Closer to home, Aussie shares are expected to open higher ahead of key jobs data.

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Market Close 19 Mar 25: Aussie market snaps 3 day winning streak

Wed, 19 Mar 2025 05:56:01 +0000

The Aussie market’s three-day winning streak came to an end, with the ASX slipping 0.4% after a choppy session. Global markets remain volatile, with the S&P 500 still nearly 9% below its February peak and the NASDAQ down 13%. Nvidia’s highly anticipated developer conference failed to impress, leading to a 3.3% drop in its stock price. Gold continued its record-breaking run, while oil prices struggled due to potential easing of Russian export sanctions. Locally, banks weighed on the market, while New Hope surged after strong earnings and a dividend boost. Investors now turn their attention to the U.S. Federal Reserve’s interest rate decision overnight, as well as Australia’s key jobs report tomorrow, which could influence future RBA rate moves.

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Morning Report 19 Mar 25: US stocks hit by tech rout on eve of Fed decision day

Tue, 18 Mar 2025 19:59:19 +0000

Wall Street slipped overnight after a short-lived recovery, weighed down by fresh concerns across multiple fronts. The cost of US tariffs is increasingly being passed through to import prices, while bond markets are bracing for a slowdown. Meanwhile, chip giant Nvidia failed to impress with its highly anticipated AI ‘Super Bowl’ event, despite unveiling its new Blackwell Ultra and Vera Rubin AI chips. In Europe, German shares reached record highs after the country’s parliament passed a key fiscal reform bill. In commodities, copper surged to a 10-month peak, but oil eased 1% amid reports of US-led peace talks. Looking ahead, Aussie shares and the Aussie dollar remain under pressure in a risk-off environment.

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Market Close 18 Mar 25: Market edges higher for third day

Tue, 18 Mar 2025 05:34:05 +0000

The Aussie market is barely holding onto gains after a volatile session, with global markets still recovering from recent corrections. Despite a strong start, the market has given back most of its early gains, though a third consecutive day of growth remains possible. The U.S. market has also been struggling, with the Dow Jones suffering its worst week in two years. Meanwhile, gold has surged to record highs amid geopolitical tensions, energy stocks are seeing modest gains despite long-term declines, and banking stocks are mixed.

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Morning Report 18 Mar 25: Wall Street recovers for the second day in a row

Mon, 17 Mar 2025 19:58:37 +0000

Wall Street continued its recovery as the Dow Jones surged 500 points, and all S&P 500 sectors traded higher. However, a pullback in services weighed on the retail spending rebound, adding some uncertainty to the market’s momentum. Meanwhile, Nvidia investors are looking to the CEO’s upcoming speech to sustain the stock’s recent rebound. In commodities, copper reached a five-month high amid renewed Chinese stimulus measures, while oil prices edged higher amid optimism for China’s economic outlook. Looking ahead, markets are focused on the upcoming FOMC meeting, and Aussie shares are expected to rise on Tuesday, with the Aussie dollar gaining as the greenback weakens.

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Market Close 17 Mar 25: Aussie stocks bounce back from a 4 week slump

Mon, 17 Mar 2025 05:45:14 +0000

The Aussie market kicked off the week with strong gains, rising 0.7% on Monday, marking its second consecutive day of growth. A rebound in U.S. markets, hopes of Chinese stimulus, and rising commodity prices helped fuel the rally, with energy and mining stocks leading the charge. Notable winners included Mineral Resources, A2 Milk, and Woodside Energy, while gold miners and NAB lagged behind. Meanwhile, China’s latest data showed mixed signals, with retail spending improving but property-related indicators remaining weak. Investors are eyeing key events this week, including Australia’s jobs report, and central bank meetings from the U.S.

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Morning Report 17 Mar 25: Dow pops 675 points in relief bounce

Sun, 16 Mar 2025 19:55:14 +0000

U.S markets have seen improvements after a challenging week, signalling resilience. Averting a government shutdown provided some relief, though consumer sentiment has fallen to its lowest level since 2022. Commodities surged, with gold reaching a record high and iron ore approaching a two-week peak. Meanwhile, Chinese economic data is expected to reflect the impact of recent stimulus measures. Looking ahead, Aussie shares are poised for gains after their own turbulent week.

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Market Close 14 Mar 25: Relief for Aussie investors as the market lifts

Fri, 14 Mar 2025 05:54:58 +0000

Amid a week of losses, the market has recovered slightly this afternoon bringing with it the first gain since Monday. Laura and Stevie reflect on the turbulent recent performance with the market having seen significant drops since the February record high, and further unpack the ongoing tariff saga. Most of the sectors have seen strong gains today with the materials space boosting the overall market performance, they look at the large cap stocks seeing significant declines, and the plethora of potentially market moving events on the way.

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Morning Report 14 Mar 25: US stock rout deepens putting correction in sight

Thu, 13 Mar 2025 19:57:45 +0000

US stocks tumbled, pushing the S&P 500 into a 10% correction. In company news, Adobe shares fell as a tepid outlook failed to excite investors, while Tesla remained volatile. Meanwhile, US bond yields declined following benign producer price data. Elsewhere, European shares edged lower after President Trump vowed 200% tariffs on EU wine. In commodities, oil prices dipped on shifting supply-demand expectations, iron ore rebounded on resilient Chinese demand, and gold surged to a record high. Looking ahead, a correction wave is set to hit Aussie shares.

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Market Close 13 Mar 25: A third day of losses on the Aussie market

Thu, 13 Mar 2025 05:34:40 +0000

The session started with some small gains to give investors hope, but unfortunately those moves in the right direction were wiped out as the day went on. Laura and Stevie reflect on this performance and the lifts in international markets overnight amid inflation data and tariffs, they unpack each of the local sectors with declines being the common theme since mid-February, and the part that business inflation could play on stock movements. Gold miners is the corner of the market that is seeing gains, broker outlooks have seen some shifts today, and they look to the days ahead.

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Morning Report 13 Mar 25: US share markets rebound as cool inflation data eases tariff jitters

Wed, 12 Mar 2025 19:59:11 +0000

US markets are showing signs of recovery from recent lows, buoyed by cooling inflation data. Tech stocks saw notable moves, with Intel jumping on reports that TSMC has pitched a foundry joint venture to Nvidia. Energy stocks also surged, with nuclear power companies gaining as Amazon and others pledged to triple capacity. Meanwhile, oil prices rose 2% on tighter US supplies, lifting broader commodity markets. Elsewhere, the Bank of Canada cut interest rates, citing concerns over the ongoing trade war. Looking ahead, Aussie shares are expected to rebound from seven-month lows, while the Aussie dollar strengthens as markets digest the latest US inflation data.

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Market Close 12 Mar 25: Close to $50 billion wiped off Aussie market

Wed, 12 Mar 2025 05:47:46 +0000

The Aussie market tumbled to a seven-month low, shedding $47 billion in a single day, with losses now totalling over $300 billion since February’s record high. The ASX 200 slipped into correction territory, down 10% from its peak, with widespread selling hitting 10 out of 11 sectors. Financials, the largest sector, saw their seventh straight day of declines, while a long list of major stocks, including CSL and Fortescue, hit 52-week lows. Trade tensions added to market uncertainty, with the US imposing fresh tariffs on Australian steel and aluminium, despite last-minute diplomatic efforts. Meanwhile, investors are closely watching US inflation data and potential interest rate moves, with hopes that bargain hunters could soon stabilise the market.

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Morning Report 12 Mar 25: S&P 500 losses reverse as Canada/Ukraine tensions ease

Tue, 11 Mar 2025 19:54:58 +0000

U.S. stocks tumbled to their lowest levels in six weeks as escalating trade war tensions fueled market uncertainty. President Trump is reportedly reconsidering a tariff hike after Ontario halted an energy charge, adding to the volatility. Meanwhile, airlines issued a bleak outlook for consumer demand, and semiconductor giant Teradyne saw its shares plunge to their lowest levels since 2022. Commodity prices edged higher as the U.S. dollar weakened, while Aussie shares are expected to extend their decline, slipping further from seven-month lows.

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Market Close 11 Mar 25: ASX escapes a steeper sell-off

Tue, 11 Mar 2025 05:45:12 +0000

Despite a rocky start, the Australian market managed to pare back some of its losses, ending with a decline of around 0.75%. US markets also struggled, with fears over Trump’s tariff policies fuelling uncertainty and pushing the S&P 500 down 2.7% and the Nasdaq down 4%. While most sectors suffered, some bright spots included gains in major banks, a slight rebound in mining stocks, and energy companies benefitting from higher coal prices. Looking ahead, US futures hint at a marginal recovery, but uncertainty remains a key theme.

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Morning Report 11 Mar 25: Dow tumbles 1,000 points as S&P 500 heads for its worst day in two years

Mon, 10 Mar 2025 19:57:27 +0000

Wall Street faces significant declines, with U.S. stocks sinking to six-month lows. A wave of recession anxiety has driven investors toward safer assets, fueling a rally in U.S. bonds. The "Magnificent 7" tech stocks suffered their steepest single-day drop since July 2024, while Tesla plunged 15%—its worst decline since 2020. Meanwhile, commodity prices are under pressure due to tariff uncertainty, and Aussie shares are expected to retreat back to six-month lows.

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Market Close 10 Mar 25: Aussie market snaps 4 day losing streak

Mon, 10 Mar 2025 05:40:38 +0000

Aussie stocks showed a modest lift on Monday, breaking a four-day losing streak. While trading was light due to public holidays in several states, gains in energy and mining stocks helped boost the market. US markets also closed higher on Friday, buoyed by Fed Chair Jerome Powell's positive economic outlook and a slightly softer-than-expected jobs report. Investors should watch for Australian consumer and business confidence data this week, as well as key US inflation figures.

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Morning Report 10 Mar 25: Powell's comments reassure Wall Street

Sun, 09 Mar 2025 20:03:59 +0000

Wall Street finished in positive territory on Friday but still logged steep weekly losses. Federal Reserve Chair Jerome Powell acknowledged ongoing economic uncertainty but reassured that the U.S. economy remains strong. In corporate news, Hewlett Packard shares plunged to their lowest level in five years following a disappointing earnings report, while Broadcom shares surged on an optimistic outlook. Looking ahead, Aussie shares are expected to rise on Monday after hitting six-month lows, though ex-dividend pressures could pose a challenge.

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Market Close 07 Mar 25: Aussie market slumps to 6-month low

Fri, 07 Mar 2025 06:02:31 +0000

It has been a rough day for the Aussie market with 80% of companies in the red. September 2024 was the last time that the market was at this level and so Laura and Stevie unpack the reasons behind this slump. Market uncertainty is once again in the conversation as Trump continues to move the goalposts on implementing tariffs, They unpack the performance of each of the sectors with financials and tech taking a knock, and look into the stocks making headlines including Star Entertainment and PolyNovo.

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Morning Report 07 Mar 25: S&P 500 hits lowest levels since early November on trade policy fatigue

Thu, 06 Mar 2025 19:55:17 +0000

Tariff policies remain a key driver of market volatility, though President Trump has announced a delay on Mexico tariffs. The S&P 500 has dropped to its lowest level since early November, while stocks like Marvel Technology and Victoria’s Secret are struggling due to weak forecasts and macroeconomic risks. US bond yields have risen following labour market data, and the European Central Bank has cut rates again, though a pause in April is increasingly likely. Meanwhile, copper has surged to a four-month high while oil remains flat in choppy trading. Looking ahead, Aussie shares are expected to fall further from 11-week lows.

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Market Close 06 Mar 25: Aussie market hits a ten-week low

Thu, 06 Mar 2025 05:36:33 +0000

The market has seen another drop today hitting the lowest level since late December and setting up for a third week of declines. Laura and Stevie unpack this performance and the part that ex-dividend stocks played in the losses and discuss the impact that tariff conversations continue to have on US markets. They break down the performance of each of the sectors with energy stocks taking a hit and they look at the Biggest movers with the insurers gaining attention ahead of Tropical Cyclone Alfred making landfall.

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Morning Report 06 Mar 25: Dow rebounds by 500 points after Trump delays auto tariffs

Wed, 05 Mar 2025 19:57:30 +0000

Wall Street experienced a recovery after President Trump postponed Canada and Mexico tariffs by one month, boosting investor sentiment. He also unveiled ambitious plans for the shipbuilding industry. Foot Locker shares surged on strong earnings, while U.S. private payroll growth slowed sharply in February. Meanwhile, the euro reached a four-month high following Germany’s new infrastructure fund announcement. In commodities, copper stocks rallied after Trump signalled a 25% tariff, while Brent crude prices slumped to a three-year low. Looking ahead, Aussie shares are expected to recover from a 10-week low.

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Market Close 05 Mar 25: ASX falls into negative territory for the year

Wed, 05 Mar 2025 05:48:30 +0000

The Aussie market continued its downward trend, with the ASX 200 dropping 0.8%, hitting its lowest level since late December. This decline comes as the Trump administration imposed steep tariffs on Canada, Mexico, and China, prompting retaliatory measures. While most sectors struggled, tech, utilities, and property trusts showed slight gains, and gold stocks provided a bright spot as investors sought safe havens. Tomorrow is set to be a critical day for ex-dividend trading, with major stocks like BHP, Rio Tinto, South32, and Woodside in focus.

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Morning Report 05 Mar 25: NASDAQ flirts with correction territory as Trump ignites a trade war

Tue, 04 Mar 2025 19:54:57 +0000

Trade war fears rattle markets, weighing on US shares and driving Treasury yields lower. Automakers Ford and General Motors face further downside due to tariffs, while retailers like Target and Best Buy warn of potential price hikes. The US dollar also weakened amid growing concerns over economic growth, and oil prices hit a six-month low due to increased OPEC output. Looking ahead, Aussie shares are set to open lower on Wednesday ahead of key economic growth data.

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Market Close 04 Mar 25: Trump tariffs weigh on Aussie market

Tue, 04 Mar 2025 05:27:27 +0000

The Aussie market had a rough session, sliding 0.6% after a promising start to March, with global markets also feeling the pinch. Trump's tariffs on Canada, Mexico, and China kicked in, fuelling trade war concerns and adding uncertainty to Australia's market. Oil prices dropped to a 12-week low, meanwhile insurance stocks reacted to an impending cyclone, and gold prices rose as investors sought safety amidst market volatility.

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Morning Report 04 Mar 25: Dow drops 400 points on the first trading day of March

Mon, 03 Mar 2025 19:51:28 +0000

Wall Street saw declines as energy stocks dragged the S&P 500 down, while the Dow Jones fell on tariff concerns. US bond yields slipped following disappointing manufacturing data, while semiconductor shares also slumped. In contrast, European markets closed at record highs, driven by gains in defence stocks. Meanwhile, oil prices dropped to their lowest level this year as OPEC signalled plans to revive output, and iron ore fell to more than a six-week low amid tariff tensions. Closer to home, the ASX is set to open lower on Tuesday ahead of the Reserve Bank of Australia's meeting minutes.

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Market Close 03 Mar 25: Aussie stocks bounce back

Mon, 03 Mar 2025 05:56:25 +0000

The Aussie stock market started March strong, rising 0.9% after a tough February. Market sentiment is influenced by Trump's latest moves, including impending tariffs on Canada, Mexico, and China, as well as his crypto reserves plan. Locally, all 11 sectors gained, led by energy, materials, and tech stocks. Star Entertainment's trading suspension looms large, with liquidity concerns threatening its survival. Investors are watching upcoming economic data, including RBA minutes and retail trade figures, along with a wave of stocks trading ex-dividend.

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Morning Report 03 Mar 25: Wall Street ends higher after Zelensky and Trump clash

Sun, 02 Mar 2025 19:46:28 +0000

Wall Street ended a turbulent month on a positive note, with the S&P 500 getting a late-day boost. However, the Nasdaq posted its worst month since April 2024, reflecting ongoing market uncertainty. Meanwhile, U.S. consumer spending fell in January as inflation continued to ease. In corporate news, AES shares soared after the company reported better-than-expected earnings. Over in Europe, markets closed higher for the 10th consecutive week, extending their recent winning streak. Closer to home, Aussie shares are set to start the new month on a stronger note after suffering their worst monthly performance in nearly two and a half years. In the property sector, the Aussie housing market appears to have turned a corner, with sentiment improving following a recent interest rate cut.

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Market Close 28 Feb 25: The biggest monthly fall since 2022

Fri, 28 Feb 2025 06:18:09 +0000

The market is down today and Laura and Stevie reflect on a month that has dropped to levels not seen since 2022. They discuss how the US market performed overnight and the impact that likely had on local markets with Chinese tariffs in the conversation again and dragging on markets. All of the sectors are in the red, they talk through the biggest movers including PEXA group, and Endeavour Group, and they look to the days ahead with US inflation data gaining attention as the earnings season wraps up.

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Morning Report 28 Feb 25: S&P 500 and NASDAQ fall, continuing February woes

Thu, 27 Feb 2025 19:52:15 +0000

US stocks are experiencing some volatility after Trump affirmed that tariffs will take effect sooner than previously expected. In company news, investors reacted to a mixed earnings report from Nvidia, while eBay shares tumbled on disappointing first-quarter sales. In contrast, Warner Bros. shares jumped on gains in streaming subscribers. Meanwhile, US Treasury yields rose ahead of key inflation data, strengthening the US dollar and driving gold prices down more than 1%. Closer to home, Harvey Norman remains in focus as the final day of the reporting season unfolds and Aussie shares are expected to open lower on the last trading day of February.

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Market Close 27 Feb 25: Why bumper NVIDIA profits failed to impress

Thu, 27 Feb 2025 05:31:38 +0000

The market has edged higher today following the recent losing streak. Laura and Stevie talk through this session and the impact that Nvidia’s record breaking earnings results had on both local and international markets. Locally most of the sectors saw improvements across the session, they talk through the earnings results that caught attention including Coles and IDP Education, and they look to the upcoming happenings that could move markets including economic growth data out of the US and a weekly update on crude oil inventories.

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Morning Report 27 Feb 25: S&P 500 index slides for a fifth day in big market reversal

Wed, 26 Feb 2025 19:53:51 +0000

US stocks are experiencing a downturn ahead of key earnings results, with Nvidia set for a major test. On the other hand, General Motors raised its quarterly dividend. Meanwhile, US defence stocks fell as Trump confirmed Mexico and Canada tariffs will take effect on April 2. In commodities, oil remains at a two-month low amid rising US fuel inventories, while copper surges and iron ore extends its losing streak. European shares closed at record highs, and the ASX is set to slip on Thursday ahead of earnings reports from Coles and Qantas.

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Market Close 26 Feb 25: Market falls for the seventh time in eight days

Wed, 26 Feb 2025 05:52:08 +0000

The market has dropped again today in a week that has seen mixed performance across the sectors. Laura and Steve unpack the session with materials doing the worst and financials helping to balance some of those losses. Earnings results will continue through the week and so they analyse likely outcomes from these and they reflect on the part that tariff conversations continue to play on local stock moves. Inflation data met expectations, and they discuss why this may not influence interest rate decisions.

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Morning Report 26 Feb 25: S&P 500 falls for fourth day after weak US consumer confidence data

Tue, 25 Feb 2025 19:51:42 +0000

The S&P 500 has extended its losing streak to four days as weak consumer confidence data weighed on sentiment. Nvidia dragged the NASDAQ lower ahead of its earnings report, while the Magnificent 7 stocks slipped into correction territory. Meanwhile, Tesla sales plunged 45% in Europe, and Krispy Kreme shares suffered a record drop. In Europe, stocks ended higher as gains in banking and healthcare offset weakness in technology. Commodities also faced pressure—oil hit a two-month low, gold saw profit-taking, and metals declined amid rising China tensions. Locally, Woolworths and Flight Centre’s earnings will be in focus today, while Aussie shares are set to open lower ahead of key inflation data.

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Market Close 25 Feb 25: Profit results rattle Aussie market

Tue, 25 Feb 2025 05:37:40 +0000

The Aussie market is down for the sixth time in seven sessions, with losses across tech, mining, and banking sectors. Investors are on edge ahead of Nvidia’s earnings and key U.S. inflation data, both of which could shake global markets. While energy stocks are mixed, Woodside is up despite a profit slump, and consumer discretionary stocks, including Wesfarmers, are dragging. Meanwhile, Zip has surged 17% after strong earnings, while Domino’s shares took an 11% hit after reporting a loss. With Aussie inflation data coming tomorrow and major earnings reports still to come, volatility remains high.

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Morning Report 25 Feb 25: Wall Street mixed in uneven trade with Nvidia results in focus

Mon, 24 Feb 2025 19:48:14 +0000

Wall Street is seeing mixed trading, with Nvidia's earnings in focus. In company news, Apple plans to add 20,000 U.S. jobs amid tariff concerns, while Alibaba shares drop on China trade worries. Berkshire rises on strong earnings, but Domino’s slips after a U.S. sales miss. Meanwhile, U.S. Treasury yields are lower ahead of key inflation data, and European markets edged down following Germany’s election outcome. In commodities, gold hits a record high, copper dips on tariff fears, and steel duties weigh on iron ore sentiment. Looking ahead, the ASX and Aussie dollar are expected to slip on Tuesday.

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Market Close 24 Feb 25: The tech sector's biggest decline in years weighs on Aussie markets

Mon, 24 Feb 2025 05:51:38 +0000

The Aussie market started the week with little movement, as declines in tech and resource stocks were balanced by gains in the big banks. Despite slipping earlier, the market recovered from its worst levels, continuing a rough streak of losses over the past six weeks. Globally, the US market saw its worst session of the year, with tech giants dragging the S&P 500 lower. Locally, earnings season is in full swing, with major results shaking up stocks—Wisetech plunged 20% after boardroom turmoil, while EVT jumped 12.5% on strong earnings. Looking ahead, key earnings from companies like Woolworths, Qantas, and Nvidia, along with inflation data from Australia and the US, will be in sharp focus.

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Morning Report 24 Feb 25: Wall Street closes sharply lower amid mounting US economic and tariff concerns

Sun, 23 Feb 2025 19:48:10 +0000

Stocks ended the week lower, with Wall Street suffering its worst session of 2025 so far. US bond yields fell amid weakening economic data, while UnitedHealth declined on a Medicare billing probe. Akamai slipped on a weak outlook, but vaccine stocks jumped on reports of a new coronavirus study in China. In Europe, the Stoxx 600 neared record highs as Germany’s election took focus. In commodities, oil prices fell, gold eased from record highs on profit-taking, and copper declined on concerns over Chinese demand. Closer to home, the ASX selloff is expected to deepen ahead of the final week of earnings, while the Aussie dollar weakened on risk aversion.

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Market Close 21 Feb 25: Biggest weekly drop in 2.5 years

Fri, 21 Feb 2025 06:09:52 +0000

The Aussie share market is wrapping up its worst week since September 2022, down roughly 3% as financial stocks weigh heavily after a string of disappointing bank earnings and an RBA rate cut. Despite hitting record highs just last week, the financial sector is now on track for its worst weekly performance in two and a half years. Meanwhile, the materials sector is offering some support, with BHP up nearly 3%. In company news, Domain surged 40% after receiving a $2.7 billion buyout offer while competitor REA slumped. Looking ahead, next week’s earnings season remains packed, with major names like Woolworths, Qantas, and Nvidia in focus.

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Morning Report 21 Feb 25: US stocks fall on Walmart's warning as big banks sink

Thu, 20 Feb 2025 19:59:12 +0000

US stocks fell as Walmart’s profit forecast missed expectations amid slowing growth, while Palantir shares fell as the Pentagon planned budget cuts. Alibaba surged on an e-commerce and cloud revival, and Hasbro gained on a profit beat. Meanwhile, US banks underperformed, heading for their worst drop in two months, and European stocks declined ahead of the German election. Oil extended its rally for a third straight day, while gold soared to fresh record highs. In Australia, shares are expected to snap a four-day losing streak, with the Aussie dollar rising as the US dollar weakened on tariff fatigue.

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Market Close 20 Feb 25: On track for worst week since September 2023

Thu, 20 Feb 2025 05:37:14 +0000

The Aussie market continued its losing streak, falling 1.3% and hitting a one-month low, weighed down by declines in financial and materials stocks. Banks, particularly ANZ, struggled after recent strong gains, while mining giants Fortescue and Rio Tinto disappointed with lower profits. Despite a challenging environment, some bright spots emerged—Telstra surged after announcing a dividend increase and a $750 million buyback, while tech firm Megaport jumped 18% on strong earnings.

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Morning Report 20 Feb 25: S&P 500 hits fresh record highs

Wed, 19 Feb 2025 19:58:00 +0000

The S&P 500 reached new record highs despite a mixed market performance. President Trump has announced plans to impose tariffs on autos, pharmaceuticals, and chips, raising concerns among Fed officials about inflation. European shares saw their biggest daily drop of 2025 on tariff fears, while UK inflation jumped to a higher-than-expected 3% in January. In corporate news, Apple unveiled a low-cost iPhone with AI capabilities, and Microsoft shares climbed after introducing its first quantum computing chip. Meanwhile, oil prices rose on supply concerns, and gold hit a fresh record high. Looking ahead, Aussie shares are set to dip after Rio Tinto reported its smallest profit in five years, and jobs data will be in focus as the Aussie dollar weakens.

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Market Close 19 Feb 25: Lower bank profits weigh on ASX

Wed, 19 Feb 2025 06:03:48 +0000

The Aussie market suffered its third consecutive decline, with financial and energy stocks leading the losses. The financial sector, in particular, posted its worst drop of the year, driven by NAB’s disappointing quarterly report and CBA trading ex-dividend. Meanwhile, mineral resources plummeted over 20% after swinging to a major loss and cutting its iron ore guidance, while Santos slashed its dividend following a dip in profits. Looking ahead, investors are eyeing key jobs data and a massive reporting day featuring Rio Tinto, Telstra, and Wesfarmers, among others.

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Morning Report 19 Feb 25: US stock rally slows as S&P 500 hovers near record high

Tue, 18 Feb 2025 20:02:11 +0000

US investors return from a public holiday with a cautious mindset, yet optimism remains for equities, as investors expect them to be the best-performing asset class in 2025. In corporate news, Intel shares surged the most since 2023 on speculation of a potential breakup, while SuperMicro extended its rally after issuing a bullish forecast. In contrast, Medtronic fell as quarterly sales missed expectations. Australian stocks are in focus as NAB, Santos, and Rio Tinto prepare to release earnings today. Meanwhile, oil prices climbed on discussions of an OPEC production delay, and gold gained amid uncertainty surrounding potential Trump-era tariffs. Elsewhere, the RBNZ is expected to deliver another 50 basis point rate cut, while in Australia, the ASX 200 is set to slip on Wednesday, and the Aussie dollar remains flat following yesterday’s rate cut.

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Market Close 18 Feb 25: Stocks slide despite rate cut

Tue, 18 Feb 2025 05:26:52 +0000

Interest rates have been cut today and the market’s reaction was mixed. Laura and Stevie unpack this volatility and the uncertainty in investor sentiment following statements from the RBA that muddy expectations around further rate decisions. The interest rate sensitive sectors today took a hit, and there was a barrage of earnings results out today including Baby Bunting and Challenger.

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Morning Report 18 Feb 25: ASX to edge higher ahead of expected RBA rate cut

Mon, 17 Feb 2025 20:01:43 +0000

The Presidents’ Day public holiday has Wall Street offline yet it ended higher in afternoon trade. In Europe, stocks hit record highs, with defense stocks surging amid ongoing geopolitical tensions. In commodities, oil prices lifted on speculation that OPEC may delay planned output hikes, while gold gained on a softer U.S. dollar. Meanwhile, iron ore slid as supply fears eased following cyclone concerns, putting iron miners on track for their weakest results since 2019. Closer to home, BHP is set to report its half-year results, with investors watching closely for insights into the mining giant’s performance. Looking ahead, Aussie shares are expected to open higher on Tuesday ahead of the RBA’s interest rate decision, while the Aussie dollar has climbed to a two-month high against the greenback.

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Market Close 17 Feb 25: Will Aussies get a rate cut on Tuesday?

Mon, 17 Feb 2025 05:51:45 +0000

The market has fallen today but this is following four straight days of improvements. Laura and Stevie reflect on today’s session and discuss the imminent interest rate decision. They discuss the likelihood of a rate cut and the impact that either outcome could have on the market, and look at the performance of each of the sectors with some of the biggest ones being weights on the market. They talk through the stocks that moved the most including Bendigo Bank and A2 Milk, and they look to the week ahead.

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Morning Report 17 Feb 25: Wall Street treads water as retail sales slump

Sun, 16 Feb 2025 19:57:42 +0000

Wall Street had a mixed finish last week, with the broader market remaining flat while technology stocks led gains despite rising concerns over export controls. Better-than-expected earnings provided support, helping stocks notch weekly improvements. In company news, Airbnb shares surged after delivering a stronger-than-expected outlook, while Applied Materials fell on a downbeat forecast. Looking ahead, the ASX200 is set to open lower on Monday, pulling back from record highs. Investors will be focused on Tuesday’s interest rate decision from the RBA, along with earnings reports from A2 Milk, BlueScope Steel, and GPT Group.

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Market Close 14 Feb 25: Investors spoilt for Valentines Day with a fresh record high

Fri, 14 Feb 2025 05:49:05 +0000

To conclude what has been a huge week of earnings results Laura joins us this afternoon solo to chat through a day that has exceeded expectations with another record high. She reflects on the session and looks at the US market performance overnight amid further talks of tariffs. The sectors have mostly seen rises with consumer staples leading those gains, and Laura looks to the stocks which moved the most including Sigma Healthcare and Mirvac Group.

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Morning Report 14 Feb 25: Dow jumps as Trump holds off on new tariffs

Thu, 13 Feb 2025 19:54:37 +0000

Technology stocks are leading the market higher despite ongoing inflation concerns, with Nvidia rising on strong chip demand and Apple shares gaining ahead of a new product launch on February 19. US bond yields have dropped after producer price data signaled easing inflation, while MGM Resorts saw its biggest jump since 2020. Meanwhile, AppLovin is emerging as a potential rival to TikTok. In commodities, oil steadied after paring losses on tariff hopes, but iron ore declined due to Indian tax concerns. Gold, on the other hand, rose in response to Trump’s tariff plans. Looking ahead, Aussie shares are expected to open higher on Friday ahead of key earnings reports from Cochlear and Mirvac.

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Market Close 13 Feb 25: Record highs, hot inflation, and Chemist Warehouse debuts

Thu, 13 Feb 2025 05:26:26 +0000

The market hit a record high today but softened as the session went on only just finishing in positive territory. Laura and Steve reflect on the recent market performance and the attention that US inflation data took overnight ahead of the upcoming RBA meeting. The sectors saw mixed performance with materials keeping things afloat, earnings reports continue to be the focus with IAG shares taking a significant hit today, and they look to the companies still yet to report in the coming days.

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Morning Report 13 Feb 25: US inflation hits the highest level since 2023

Wed, 12 Feb 2025 19:58:23 +0000

Wall Street slipped as investors reacted to the latest inflation figures, with Treasury yields seeing their biggest jump since December following Jerome Powell’s testimony. The Consumer Price Index revealed a significant rise in food prices, particularly eggs, adding to inflation concerns. Energy stocks slipped amid an inventory build, while CVS Health soared after its fourth-quarter profit signalled improvement. Gilead Sciences also gained on strong earnings, but Kraft Heinz fell short of expectations. Meanwhile, DoorDash shares jumped on an upbeat outlook, and iron ore prices rebounded due to supply concerns in Australia. Looking ahead, Domain Group is set to report earnings today, while Aussie shares are expected to open higher ahead of Treasury Wine Estates' results. The Aussie dollar is also recovering after US consumer prices rose more than anticipated.

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Market Close 12 Feb 25: Bigger profits boost Aussie stocks

Wed, 12 Feb 2025 05:43:36 +0000

The market gained momentum in afternoon trade today after a largely flat start, with most of the gains driven by just a few stocks. Performance was mixed across the sectors, but the banking sector led the charge and ultimately helped us to finish in positive territory. Laura and Stevie reflect on the session and talk through the stocks that saw the largest moves with Computershare and Evolution Mining gaining attention. They discuss earnings results for a number of companies and look to the day ahead.

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Morning Report 12 Feb 25: Stocks fall as Powell's remarks keep bond yields higher

Tue, 11 Feb 2025 19:54:50 +0000

US inflation data looms as a key market test, while ongoing tariff discussions add to uncertainty. The US dollar held onto losses as Powell signalled patience on rate cuts. In corporate news, an AI partnership between Apple and Alibaba lifted Apple’s shares, while Coca-Cola’s earnings beat expectations, driven by higher prices. DuPont also posted strong results. Across the Atlantic, European stocks hit fresh record highs. Meanwhile, growth concerns weighed on metal prices, while oil climbed on supply worries. Looking ahead, Aussie shares are set to open lower on Wednesday, with focus shifting to Commonwealth Bank’s earnings, which are expected to show strong results.

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Market Close 11 Feb 25: Vaccine fatigue weighs on Aussie market

Tue, 11 Feb 2025 05:21:56 +0000

The Aussie market struggled to hold onto gains today, with mixed earnings reports and ongoing tariff concerns shaping investor sentiment. CSL dragged the healthcare sector down due to weak flu vaccine sales and underwhelming earnings, while Nine Entertainment surged on optimism about the advertising market. Gold stocks shone as investors sought safe havens amid uncertainty, while industrials and tech performed well.

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Morning Report 11 Feb 25: Stocks get tech boost as traders look past latest US tariff threat

Mon, 10 Feb 2025 19:55:48 +0000

Wall Street showed signs of recovery after a volatile week, with tech stocks leading the gains. US steel and aluminum shares climbed as investors reacted to fresh tariffs announced by President Trump. Meanwhile, McDonald's reported stronger international sales, boosting investor confidence. In Europe, markets hit record highs, driven by gains in the FTSE. Oil prices continued to climb despite lingering trade war concerns, while gold soared past $2,900 amid renewed tariff threats. Aluminium also reached a three-week high on fresh US import tariffs. Looking ahead, Aussie shares are expected to rise on Tuesday, with CLS and SGH earnings in focus and the Aussie dollar is also showing slight gains against the US dollar.

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Market Close 10 Feb 25: Tariffs and profit results in focus

Mon, 10 Feb 2025 06:03:00 +0000

The Aussie market started the week with a slight dip, narrowing early losses but still weighed down by ongoing uncertainty around tariffs. Reporting season is now in full swing, with major companies revealing their latest earnings. Market volatility remains high, particularly for sectors like tech and telecom, with WiseTech dropping on fresh controversies and lithium miner Pilbara sliding on weak commodity prices. Looking ahead, key earnings reports from heavyweights like CSL, Macquarie, and CBA will dominate the week, alongside economic updates on consumer and business confidence.

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.

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Morning Report 10 Feb 25: Wall Street ends lower on tariff and inflation concerns

Sun, 09 Feb 2025 19:56:10 +0000

Wall Street closed the week under pressure, with the Dow Jones snapping a three-week winning streak. Declining consumer confidence weighed on sentiment, while rising inflation expectations pushed interest rates higher, adding to market concerns. Meanwhile, in Australia, earnings season gained momentum, with retailers taking center stage. JB Hi-Fi’s latest earnings report drew investor attention. Commodity markets benefited from a weaker US dollar, lifting oil, gold, and copper prices. Looking ahead, the ASX is expected to start the week lower, while the Aussie dollar holds onto its weekly gains.

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Market Close 07 Feb 25: The first week of losses for 2025

Fri, 07 Feb 2025 05:45:10 +0000

The market didn’t quite make it to that record high today and the week has finished with a slight decline. Laura and Stevie reflect on this ‘very interesting week’ which started with some significant losses but ultimately levelled out as the week went on. The sectors saw mixed performance with utilities and healthcare seeing losses, and consumer staples and tech among the winners. Dominos have made headlines today with investors boosting them into a winning position, and Collins Foods also gained attention.

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Morning Report 07 Feb 25: Wall Street gets mixed bag of earnings before jobs data

Thu, 06 Feb 2025 19:52:55 +0000

Wall Street continued to consolidate as investors awaited key employment reports, while trade war concerns eased despite ongoing threats from President Trump. In corporate news, Ralph Lauren surged the most in a year following an upbeat outlook, while Tapestry shares soared as Coach exceeded expectations. Philip Morris hit record highs, driven by strong demand for its Zyn nicotine pouches, while Honeywell shares fell amid activist pressure for a breakup. U.S. banks also reached new record highs. Across the Atlantic, the Bank of England cut interest rates, pushing UK shares to record levels. Meanwhile, ArcelorMittal posted its biggest jump since 2020 on strong earnings. In commodities, oil prices declined in choppy trade, gold's record rally paused, and iron ore rose due to concerns over Australian supply. Looking ahead, Aussie shares are expected to ease from record highs on Friday, while the Aussie dollar continues to climb as the U.S. dollar moderates.

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Market Close 06 Feb 25: The strongest lift for weeks as market nears record high

Thu, 06 Feb 2025 05:25:40 +0000

Laura is back with Stevie again today on a day where the market has seen its best performance in around three weeks recovering from the recent market volatility. They reflect on the local market with the energy sector being the only one to see declines, discuss the stocks that saw the largest moves including Newscorp and Star Entertainment Group. Gold prices continue to grow amid the market uncertainty and Laura and Stevie look at what to expect in the days ahead.

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Morning Report 06 Feb 25: Alphabet drags on Wall Street

Wed, 05 Feb 2025 20:00:58 +0000

US stocks are consolidating as markets still weigh the ongoing tariff discussions. Traders are looking past AI sector jitters, while bond yields tumble to multi-week lows following weak service sector data. In equities, Alphabet tumbled as slowing iCloud growth made it the worst performer in the S&P 500, while AMD slid after issuing a disappointing AI growth outlook. In contrast, Nvidia surged on the launch of its new AI data centre systems. Meanwhile, Novo Nordisk saw a boost as Wegovy sales doubled, driving strong growth. The US dollar moderated for a second consecutive day, while gold prices soared to new record highs. The ASX is set to rise at the open on Thursday, with investors anticipating REA Group's earnings report and the Aussie dollar surging on a weaker greenback.

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Market Close 05 Feb 25: The Aussie market’s first gain of the week

Wed, 05 Feb 2025 05:41:21 +0000

Stevie is going solo today as he recalls a week which has had some challenges. Despite the recent months of strong performances, tariff conversations this week wiped out many of those gains, but today there was some positive moves with the local market clawing back some of those losses and only three sectors dropping. Internationally there were earnings results which could impact the US market overnight, and Steve also discusses the stocks that caught his attention today.

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Morning Report 05 Feb 25: China hits back against Trump tariffs

Tue, 04 Feb 2025 20:02:57 +0000

Wall Street rebounded as stock buyers stepped in, driving gains in the S&P 500, particularly in the energy sector. Investors are closely monitoring talks between President Donald Trump and Chinese leader Xi Jinping. In corporate news, Palantir Technologies surged on strong AI-driven demand, marking its biggest jump in a year. Meanwhile, Merck halted vaccine shipments to China, which negatively impacted its shares, and Pepsi explored ways to boost sales without resorting to price cuts. Estee Lauder shares tumbled after issuing a disappointing outlook, while Ferrari helped lift European markets. In broader market trends, the U.S. dollar weakened as new China tariffs took effect, while gold hit a record high and oil trimmed losses amid pressure from Trump on Iran. Looking ahead, Aussie shares are expected to open higher, supported by strength in energy stocks.

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Market Close 04 Feb 25: Choppy stock performances as tariff updates dominate

Tue, 04 Feb 2025 05:28:13 +0000

The market has seen some recoveries today following the substantial tumbles of yesterday. Tariffs continue to be the topic of conversation as delays are now in discussion, and these mixed messages have resulted in erratic market performances internationally. Laura and Stevie look at the local market performance, with tech, banking, and mining recovering some losses, and overall around half of the sectors seeing gains. Pro Medicus attracted attention today, as did Woolworths, and Nufarm.

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Morning Report 04 Feb 25: Trump delays Mexico tariffs by a month

Mon, 03 Feb 2025 19:59:49 +0000

US share markets rebounded from recent lows on hopes of a resolution to tariff tensions, while US bond yields fell as investors sought safety. Manufacturing activity in the US expanded for the first time since 2022, offering a positive signal for the economy. However, European shares recorded their steepest daily drop of 2025, and the US dollar softened following a one-month pause on Mexico tariffs. In company news, Moderna led declines on the S&P 500, citing challenges from the latest tariff announcements. Meanwhile, gold surged to a record high, and oil rebounded from a four-week low. Looking ahead, Aussie shares are expected to open higher on Tuesday, with packaging giant Amcor set to release earnings. The Australian dollar also showed resilience, recovering from a five-year low.

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Market Close 03 Feb 25: Trump’s tariffs impact markets amid concerns of a trade war

Mon, 03 Feb 2025 05:45:00 +0000

Laura and Stevie join us on a day where we erased almost half of last month’s gains in a single session. In this ‘worst day in five months’ Laura and Stevie unpack this sea of red, and the part that Trump’s tariff decisions have played in the losses. With all of the sectors in negative territory they unpack the performance across the board, and look at the Aussie dollar too which has seen huge drops alongside crypto.

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Morning Report 03 Feb 25: Wall Street ends lower haunted by Trump tariffs

Sun, 02 Feb 2025 19:59:12 +0000

US stocks faced downward pressure as the deadline for Trump’s tariffs approached. Energy stocks led the declines, with Chevron’s earnings miss weighing heavily on the sector. Meanwhile, Apple shares also ended lower after the company reported disappointing iPhone sales. Technology stocks were among the hardest hit for the week, contributing to broader market losses. Commodity prices, on the other hand, are bracing for a potential resurgence in the US dollar. Looking ahead, the ASX is expected to slip more than 1%, as investors await Australian earnings reports and digest the latest data showing a 0.2% decline in Australian house prices for January.

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Market Close 31 Jan 25: Best month in over a year for Aussie stocks

Fri, 31 Jan 2025 06:03:45 +0000

The Aussie share market is off to a roaring start in 2025, hitting fresh record highs. This week’s rally was fuelled by softer-than-expected inflation data, which increased the chances of an interest rate cut, as well as strong performances from the materials sector. Global markets had plenty of action too—Trump’s tariff threats shook investors, while the Fed held rates steady. Meanwhile, Apple’s earnings boosted tech stocks, despite a decline in iPhone sales in China. Locally, gold stocks shone bright as prices hit a record high, and companies like Origin and Magellan faced heavy losses. Looking ahead, investors are eyeing key economic reports, including U.S. inflation data, job figures, and local retail spending, as well as big tech earnings from Alphabet and Amazon.

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Morning Report 31 Jan 25: US stocks rise on signs that US economy is doing just fine

Thu, 30 Jan 2025 19:56:08 +0000

Wall Street advanced as strong earnings lifted sentiment, though tech stocks struggled. Meta surged on revenue beats, while Microsoft slipped on weak results. UPS plunged after announcing plans to cut business with Amazon, while Las Vegas Sands and IBM rallied on strong sales outlooks. Elon Musk remained upbeat about Tesla’s new EV models despite mixed earnings. Meanwhile, the European Central Bank has cut rates for the fifth time since June 2024. In commodities, US tariff threats capped oil prices, while gold hit a record high on safe-haven demand. Looking ahead, Aussie shares are poised to reach fresh record highs on Friday.

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Market Close 30 Jan 25: Aussie shares crack fresh record

Thu, 30 Jan 2025 05:42:49 +0000

Aussie stocks hit a record high despite Wall Street’s decline, with the market up 0.7% and on track for its best month since late 2023. Trump took to Truth Social to criticise the Fed for keeping rates on hold, blaming inflation on green policies and vowing to fix it through energy and trade reforms. Locally, softer-than-expected inflation data fuelled speculation of a rate cut in February, with all major banks now eon the bandwagon. Energy stocks rebounded after a rough start to the year, while consumer discretionary stocks outperformed despite cost-of-living pressures. Zip shares tumbled after weak ANZ results, while Lovisa faced pressure over a class action.

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Morning Report 30 Jan 25: US stocks fall as Fed on hold with Powell in focus

Wed, 29 Jan 2025 20:01:17 +0000

Wall Street’s recent recovery stumbled as technology stocks faced pressure, with the Magnificent 7 taking a hit on earnings day, led by Nvidia’s 6% decline. Starbucks showcased a turnaround with better-than-expected earnings, while ASML surged the most since 2020, buoyed by AI-driven demand. Meanwhile, the Bank of Canada cut interest rates, warning that tariffs could stoke inflation. Across the Atlantic, European markets soared to record highs, fueled by stronger-than-expected earnings. On the commodities front, oil prices dipped as rising US stockpiles weighed on sentiment. The US dollar strengthened as investors digested the Federal Reserve’s latest decision. Looking ahead, Aussie shares are expected to open lower on Thursday, dragged down by energy producers.

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Market Close 29 Jan 25: Softer inflation boosts rate cut hopes

Wed, 29 Jan 2025 06:03:45 +0000

The Aussie stock market rebounded strongly today, with inflation data fueling expectations of an imminent interest rate cut by the Reserve Bank. Softer-than-expected inflation figures pushed the likelihood of a February rate cut from 80% to 90%, boosting investor confidence and driving the ASX closer to record highs. Locally, all 11 sectors ended higher, led by tech, utilities, and property. Company news saw Star Entertainment surge 15% after selling its Sydney event centre, while Pilbara Minerals gained on strong lithium results. Investors now turn their focus to major U.S. tech earnings and upcoming central bank decisions, which could set the tone for markets in the days ahead.

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Morning Report 29 Jan 25: US tech giants power stock rebound after AI reckoning

Tue, 28 Jan 2025 19:56:37 +0000

Wall Street staged a recovery, driven by a rebound in tech stocks, with NVIDIA surging 7% following Monday's AI-driven stock rout. Royal Caribbean also saw gains, buoyed by a positive profit outlook and its new river cruise launch. Meanwhile, President Trump's announcement of potential tariffs on computer chips, steel, and pharmaceuticals stirred market uncertainty, impacting oil prices as traders weighed the implications. Copper prices, however, rose in response to the tariff pledge. In Europe, shares closed at a record high as concerns over the tech sector eased. Looking ahead, Aussie shares are expected to rise, supported by NVIDIA's recovery from the DeepSeek shock. However, the Aussie dollar weakened amid fresh tariff threats, and upcoming inflation data could influence the RBA’s decision on potential rate cuts.

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Market Close 28 Jan 25: Aussie market resilient despite US tech tumble

Tue, 28 Jan 2025 05:35:42 +0000

Aussie stocks showed resilience today, despite a sharp sell-off in U.S. tech markets, where Nvidia's 17% plunge wiped $600 billion off its value. A Chinese startup, DeepSeek, disrupted the AI space with a cheaper, competitive chatbot, rattling global tech stocks and related sectors like energy. However, Australia’s smaller tech sector shielded local stocks from heavy losses. Energy and property sectors lagged, with Goodman Group sliding 8% due to concerns over its data centre investments. Winners included Sigma Healthcare, soaring 14%, and Telix Pharmaceuticals, climbing 3% on a U.S. expansion move. All eyes now turn to tomorrow’s quarterly inflation data, crucial for shaping RBA interest rate expectations ahead of a potential February cut.

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Morning Report 28 Jan 25: NASDAQ and S&P 500 tumble as China’s DeepSeek AI model rattles big tech

Mon, 27 Jan 2025 19:59:20 +0000

Wall Street faced a significant downturn as NVIDIA plunged 18%, leading the broader tech selloff sparked by China's cheaper AI model, DeepSeek. The disruption triggered a global revaluation of U.S. tech stocks, with NVIDIA losing more than $500 billion in market value—the largest single-company rout in market history. The tech-driven selloff pushed U.S. Treasury yields to multi-week lows as investors flocked to safe-haven assets. Meanwhile, China’s economic outlook dimmed further, with manufacturing activity hitting a five-month low. Amid the turbulence, Pepsi emerged as the most improved group in the consumer staples sector, climbing 4%. On the other hand, commodities saw declines, with oil prices dropping 3% ahead of China’s Lunar New Year holiday and gold retreating as investors liquidated positions. Looking ahead, Aussie shares are expected to dip on Tuesday, with the Aussie dollar under pressure as DeepSeek-driven concerns sap risk appetite globally.

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Market Close 24 Jan 25: The best week of the year for the Aussie market despite tariff concerns

Fri, 24 Jan 2025 05:53:20 +0000

The market has had its best week of the year so far and Laura is solo today to recap that performance. She discusses Trump’s potential Chinese tariffs and the impact that uncertainty around their implementation has had on markets, the performance of each of the sectors with consumer discretionary seeing the largest gains, and talks through the stocks that caught attention including Synlait Milk, 4DMedical, and Rio Tinto.

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Morning Report 24 Jan 25: US stocks hit all-time highs as Trump’s remarks spur a slide in oil

Thu, 23 Jan 2025 19:59:00 +0000

Wall Street consolidated as investors shifted their focus to earnings results. At Davos, Donald Trump called for lower crude prices and interest rate cuts, putting downward pressure on oil prices. Meanwhile, global chip stocks took a hit after SK Hynix failed to excite AI-focused investors. In corporate news, GE Aerospace projected 2025 profits above estimates, while Electronic Arts (EA) suffered its steepest slump since 2008. Commodities also reflected the shifting sentiment: gold eased as the US dollar strengthened, copper prices dipped on profit-taking, and iron ore traded within a narrow range, supported by China’s measures to bolster its stock markets. Looking ahead, Aussie shares are expected to end higher ahead of the long weekend.

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Market Close 23 Jan 25: First loss of the week

Thu, 23 Jan 2025 05:25:13 +0000

The Aussie market ended its three-day rally with a broad-based decline of 0.75%, driven primarily by weakness in the mining sector amid ongoing concerns over tariffs on China. Despite record highs on the U.S. market, bolstered by Netflix's strong earnings and Trump's $500 billion AI infrastructure plan, the positivity failed to translate locally. On a brighter note, retail giant Myer gained 5.5% after shareholder approval of a merger with Premier Investments, meanwhile takeover target Insignia Financial saw its highest share price in three years amidst ongoing acquisition battles. Looking ahead, the market awaits updates from the U.S. on jobless claims, earnings reports, and upcoming interest rate decisions.

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Morning Report 23 Jan 25: S&P 500 hits record high as AI powers tech rally

Wed, 22 Jan 2025 19:55:52 +0000

US stocks are surging to record highs, fuelled by strong performance in technology and AI-driven sectors. Netflix shares have also soared to new record highs following its largest quarterly subscriber gain in history, while Salesforce is gaining momentum on an encouraging outlook. Elsewhere, Johnson & Johnson has cautioned investors about the risks posed by a strong US dollar, and Procter & Gamble has paused price hikes on its goods. Meanwhile, oil prices have declined for a fifth consecutive day, and tariff uncertainties are weighing on metal markets. In contrast, safe-haven gold is nearing all-time highs as investors seek stability. Looking ahead, Aussie shares are expected to retreat from six-week highs, with trading updates from Fortescue and Santos in focus.

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Market Close 22 Jan 25: Miners slide on China tariff fears

Wed, 22 Jan 2025 05:32:53 +0000

The Aussie market extended its gains for a third consecutive day, nearing record highs, but it wasn't all wins with mining stocks taking a hit on fresh fears that China could be facing tariffs. Energy stocks also struggled, with Woodside declining on falling oil prices and weaker production figures. Meanwhile, Qantas reached an all-time high, buoyed by strong US airline performance and lower fuel costs. Netflix also stunned markets with record-breaking subscriber growth, adding 19 million users in the last quarter. As global markets await updates from the ECB and major US companies’ earnings, Aussie stocks are cautiously optimistic heading into the remainder of the week

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Morning Report 22 Jan 25: Dow Jones rallies 400 points as Trump’s tone on tariffs softens

Tue, 21 Jan 2025 19:59:51 +0000

Wall Street traded higher on the first day following Donald Trump’s admission, while U.S. bond yields sank as markets remained cautious amid tariff uncertainty. The U.S. dollar showed signs of recovery after Trump proposed tariffs on Canada and Mexico, causing their currencies to weaken. In corporate news, Oracle shares surged 6% following an announcement regarding AI infrastructure. Meanwhile, oil prices declined due to oversupply concerns, and aluminium prices fell in response to the threat of U.S. import tariffs. Looking ahead, Aussie shares are expected to open higher on Wednesday, with key mining and energy production results on the horizon.

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Market Close 21 Jan 25: Trump keeps investors guessing

Tue, 21 Jan 2025 05:36:03 +0000

The Aussie market had a choppy day with the ASX 200 rising by 0.6%, after starting strong but cooling off. Global market uncertainty continues with U.S. President Trump stepping into office, sparking both optimism and volatility. Key sectors were mixed, with financials and materials performing well, while utilities lagged. Netflix’s subscriber growth remains a key focus for the US tech sector, with their quarterly results set to be released soon.

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Morning Report 21 Jan 25: US futures rise as Trump is sworn in as president; regular trading closed

Mon, 20 Jan 2025 19:58:17 +0000

Wall Street remains closed for the Martin Luther King Jr. holiday, but futures moved higher. The US dollar moderated following recent tariff developments, while the FTSE 100 hit another record high as investors monitored Trump's policies. In Europe, shares edged up, with Trump's inauguration taking center stage and resource stocks leading the gains. Oil prices dipped as the market awaits Trump's executive orders on energy. Quarterly updates are anticipated from BHP and Northern Star today. Looking ahead, Aussie shares are expected to open higher on reports of a delayed US tariff rollout, and the Australian dollar has strengthened against the US dollar.

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Market Close 20 Jan 25: Market edges higher as Trump inauguration looms

Mon, 20 Jan 2025 05:51:28 +0000

The Australian share market kicked off the week on a positive note, recovering from Friday's minor losses with a 0.5% gain, supported by strength across most sectors, excluding energy. Financials, tech stocks, and consumer discretionary led the charge, with banks and tech names like Life360 and Megaport performing well. Globally, markets are abuzz with Trump's impending inauguration and improved US economic data. Investors are eyeing quarterly updates from miners like BHP and Fortescue, along with global events such as the Bank of Japan’s interest rate decision and Netflix’s earnings later in the week.

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Morning Report 20 Jan 25: Wall Street posts its best gains since US election

Sun, 19 Jan 2025 19:58:42 +0000

Wall Street advanced on Friday, marking its best weekly improvement since the last US election. Moderating interest rates and improving growth pushed the S&P 500 3% higher over the week, with all sectors ending in positive territory. The Dow Jones led the charge, posting a 3.7% weekly increase. As markets anticipate policy announcements ahead of Donald Trump’s inauguration, attention is also turning to local developments. Closer to home, futures indicate a solid gain for the AXS 200, driven by upcoming production updates from major miners. Meanwhile, the Aussie dollar is trading just above 62 US cents, signalling steady performance amidst global economic shifts.

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Market Close 17 Jan 25: Market jitters ahead of Trump inauguration

Fri, 17 Jan 2025 06:03:47 +0000

The Aussie market experienced a rollercoaster week, with sharp swings and rebounds as investors digested key local and global developments. Chinese economic data surprised to the upside, with retail sales and production beating expectations. Insignia Financial surged 6.3% amid an ongoing bidding war, while Rio Tinto slipped on weaker production and reports of potential merger talks with Glencore. Globally, attention turns to Donald Trump’s upcoming inauguration, with market uncertainty around trade policies, and US reporting season kicks off with major updates from Netflix, Intel, and Johnson & Johnson. Locally, top miners like BHP and Fortescue are set to release updates next week.

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Morning Report 17 Jan 25: Stock rally stalls as Waller remarks boost bonds

Thu, 16 Jan 2025 19:56:46 +0000

Wall Street consolidated after yesterday's surge, as investors digested comments from Fed Governor Waller, who suggested that rate cuts might be possible in the first half of 2025. Meanwhile, U.S. retail sales advanced, capping off a solid holiday season, while the U.S. dollar slipped ahead of the Trump inauguration. In the commodities market, oil retreated from a five-month high amid expectations of a halt to Houthi shipping attacks. Copper climbed to a five-week peak on China stimulus hopes, and iron ore hit a four-week high due to lower shipments. Gold also surged to a one-month high, driven by weaker bond yields. Looking ahead, Aussie shares are expected to inch higher, with Chinese economic growth data coming into focus.

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Market Close 16 Jan 25: Best day of the year

Thu, 16 Jan 2025 05:41:24 +0000

US inflation data fuelled optimism across markets, with softer-than-expected core inflation restoring hopes for rate cuts in the US this year. The ASX 200 surged 1.3%, marking its best day of the year, buoyed by US market gains and a strong local jobs report, albeit mostly part-time. Financials and tech stocks rebounded sharply after recent losses, while commodity prices rose on a weaker US dollar. Iron ore miners saw mixed performance, with Rio Tinto noting higher production costs but strong copper output. Buy-now-pay-later firm Zip also made gains amid lower US borrowing costs and positive broker sentiment. Looking ahead, key data from the US, China, and major corporate earnings could shape market movements into the week’s close.

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Morning Report 16 Jan 25: Stocks rally as U.S CPI quells Fed angst

Wed, 15 Jan 2025 19:58:02 +0000

U.S stocks surged as investors celebrated easing inflation figures, marking the first decline in American core inflation in six months. Broad gains were seen across U.S. markets, buoyed by strong earnings reports from the banking sector. Leading technology stocks also rallied, driven by a fall in long-term interest rates. In the commodities market, oil prices jumped as U.S. crude inventories fell to their lowest levels since 2022, while gold extended its gains following inflation figures that came in below expectations. Looking ahead, Aussie shares are set to open higher, bolstered by positive sentiment from cooler U.S. inflation. The Aussie dollar strengthened in response, as investors anticipate key jobs data that will help shape the outlook for interest rates.

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Market Close 15 Jan 25: Markets brace for a busy 24 hours ahead

Wed, 15 Jan 2025 05:51:10 +0000

It has been a somewhat volatile session today with the market starting strong but dropping as the day went on. Laura and Stevie unpack this performance as investors brace for a busy 24 hours ahead with a multitude of US banks set to report on their results, and inflation data also being released which could impact interest rate decisions. They discuss the performance of each of the sectors with many seeing declines and look at the stocks that saw the largest moves with Pilbara Minerals and Telstra gaining attention.

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Morning Report 15 Jan 25: Stocks eke out gains in countdown to U.S CPI report

Tue, 14 Jan 2025 19:58:43 +0000

Wall Street saw an advance as U.S wholesale inflation eased unexpectedly, driven by a drop in food prices. Utilities led the markets higher, boosted by increased energy demand fuelled by AI innovations. Bank stocks lifted ahead of upcoming earnings reports, while shares of Eli Lilly, a weight loss drug company, declined due to cuts in revenue guidance. U.S Treasury yields dipped following tame producer prices. Meanwhile, iron ore extended its gains on reduced shipments, and oil prices slipped as sanctions on Russia remained a key focus. Closer to home, Aussie shares are expected to open slightly higher on Wednesday, supported by rising metals prices, though the Aussie dollar remains under pressure despite positive data from China.

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Market Close 14 Jan 25: The market ends a three-session losing streak

Tue, 14 Jan 2025 05:17:55 +0000

The market has ended in positive territory today following several sessions of losses. Laura and Stevie discuss this performance fuelled by a myriad of factors in the US, and the upcoming data that could shift their market in the days ahead. Back home City Chic was one of the best performers following an announcement around sales figures, most of the sectors saw growth today, and Star Entertainment continued to see gains following the recent substantial declines.

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Morning Report 14 Jan 25: Wall Street remains haunted by strong jobs numbers as US interest rates rise

Mon, 13 Jan 2025 19:57:46 +0000

Wall Street faces mounting pressure amid rising interest rates, with the US 10-year Treasury yield hitting a 14-month high, causing stocks to tumble. Moderna shares plunged 20% after the company lowered its 2025 sales forecast, while Eli Lilly also saw a decline following its announcement to acquire Scorpion Therapeutics' experimental cancer therapy. Retailers' post-holiday results left Wall Street unimpressed, and higher interest rates have driven investors away from gold, causing the yellow metal to drop more than 1%. Meanwhile, oil prices have surged to a four-month high as traders anticipate expanded sanctions and iron ore prices have risen on renewed hopes of Chinese stimulus. Looking ahead, Aussie shares are expected to rise in anticipation of upcoming consumer confidence surveys.

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Market Close 13 Jan 25: The market closes with around 75% of stocks in the red

Mon, 13 Jan 2025 05:45:00 +0000

The Aussie market has seen its biggest decline today in around 3 weeks wiping out all the gains of last week. Laura and Stevie unpack this performance which was largely fuelled by the US sharemarket which performed poorly on Friday following jobs and unemployment data that could result in a US rate cut being pushed out. Locally energy stocks have been the winners today, but the financial sector has continued to drag on the market. Myer gained attention today as did NRW Holdings, and Stevie and Laura look at what could be to expect as the week continues.

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Morning Report 13 Jan 25: Strong US jobs growth sinks Wall Street

Sun, 12 Jan 2025 19:56:16 +0000

Wall Street slumped following the latest job data, as US employment rose more than expected in December. This unexpected growth has narrowed expectations for interest rate changes, suggesting they may remain on hold for the foreseeable future. US interest rates, meanwhile, reached their highest level since November 2023. In the stock market, tech stocks led the retreat, while energy stocks were largely spared due to rising oil prices. Looking ahead, futures indicate solid selling for the ASX 200 on Monday, which faces additional challenges from underperformance in the Chinese market.

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Market Close 10 Jan 25: The big 4 banks drag on the Aussie market

Fri, 10 Jan 2025 05:37:35 +0000

The session started optimistically but has fallen into negative territory today. Laura and Stevie unpack this performance, with materials the only sector seeing improvements. The big 4 banks have played their part in dragging on the market and so they discuss this, but also acknowledge that the market is on track to see improvements overall across the week. Interest rate movements are back in the conversation as are Star Entertainment and Mesoblast.

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Morning Report 10 Jan 25: US share markets closed for national day of mourning

Thu, 09 Jan 2025 19:57:45 +0000

Wall Street is closed in observance of the passing of former President Jimmy Carter, but investors continue to monitor U.S. economic news closely. U.S. Treasury yields are declining as markets remain focused on Trump-era policies, while bond traders anticipate that the upcoming jobs report will test the Federal Reserve's pricing strategies. In the UK, investor confidence in the government is waning, with bond market turmoil stirring memories of the 1976 debt crisis. Meanwhile, European markets are on the rise, driven by a surge in mining stocks. Oil prices have climbed 1% due to cold weather in the northern hemisphere. Looking ahead, Aussie shares have snapped a five-day winning streak but are expected to rebound and the Aussie dollar is nearing a five-year low, reflecting broader market pressures.

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Market Close 09 Jan 25: First loss of the year for Aussie stocks

Thu, 09 Jan 2025 05:35:35 +0000

Aussie stocks ended their winning streak with the ASX 200 down after a strong start to 2025. November’s retail sales data showed a 0.8% increase, softer than expected, reflecting cautious consumer spending despite heavy promotional activities. This adds weight to the possibility of an interest rate cut in February, though key data like employment stats and inflation updates later this month will be pivotal. Meanwhile, Star Entertainment hit an all-time low amid cash flow concerns, and Avita Medical struggled after cutting revenue goals. Bright spots included gold miners and lithium stocks, with Arcadium Lithium surging 8% after regulatory progress in its Rio Tinto takeover deal. Investors now await U.S. employment reports and Chinese inflation data for further direction.

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Morning Report 09 Jan 25: Stock investors wary as interest rates creep higher

Wed, 08 Jan 2025 19:56:51 +0000

Wall Street remains cautious as investors weigh the impact of Trump's tariff plans. Technology stocks continue to face pressure, with chip makers leading the declines. Quantum computing stocks fell sharply after Nvidia’s CEO suggested that the technology is still decades away from mainstream use. Meanwhile, banks are under pressure as interest rates steadily rise. In company news, Edison International is the worst performer on the S&P 500, sliding amid the ongoing Los Angeles wildfires. Conversely, eBay shares rose following news of a partnership with Facebook Marketplace. Across the Atlantic, the British pound slumps due to concerns over capital flight. Closer to home, Aussie shares are expected to retreat from four-week highs, while oil prices dip on the back of a build in U.S. fuel stocks.

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Market Close 08 Jan 25: Inflation data opens door for Feb rate cut

Wed, 08 Jan 2025 05:48:13 +0000

The ASX 200 has extended its 2025 winning streak to five days, driven by a positive market reaction to November's inflation data. While headline inflation rose slightly due to electricity and fuel costs, core inflation dropped to 3.2%, below expectations, increasing the likelihood of an interest rate cut by the RBA in February. Materials and financials sectors led gains, with miners benefiting despite falling iron ore prices, while tech stocks fell following weaker U.S. market performance. Gold miners surged on strong quarterly updates, but uranium and some individual stocks faced significant declines. Looking ahead, key data releases, including retail sales, jobs, and U.S. Federal Reserve minutes, could shape market movements and rate expectations.

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Morning Report 08 Jan 25: Wall Street hit by inflation angst amid tech rout

Tue, 07 Jan 2025 19:54:17 +0000

The US services index climbed, with the price gauge reaching its highest level since 2023, signalling persistent inflation concerns. Traders have adjusted their expectations, no longer fully pricing in a US rate cut before July. Meanwhile, US job openings surged to a six-month high, reflecting a resilient labour market. Additionally, the technology sector lagged, with Nvidia dipping after reaching a record high, while Moderna's stock saw a significant rise due to new vaccine plans. Commodity markets also showed mixed signals; oil prices increased amid Western sanctions, but iron ore fell to a seven-week low, potentially impacting the Aussie market today. Despite these challenges, Aussie shares are on track for a fifth consecutive day of gains. Furthermore, the US dollar advanced to a six-month high, emphasising the strength of the US economy.

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Market Close 7 Jan 25: Will upcoming inflation data continue the market winning streak?

Tue, 07 Jan 2025 05:19:47 +0000

The market has lifted again slightly today continuing the 4-day winning streak. Laura and Stevie unpack this ‘streak’ and look at the performance of the US market overnight with tech stocks seeing significant shifts. The Aussie dollar has improved today and so they look into the international happenings that have fuelled this, NVIDIA is back in the headlines, and they unpack the local sector performance with tech seeing gains and materials continuing to trend downwards.

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Morning Report 07 Jan 25: Stocks gain as dip buyers power rally in big tech

Mon, 06 Jan 2025 19:56:39 +0000

Technology stocks are at the forefront of driving investor interest and contributing to recent market gains. All eyes are on Nvidia’s CEO, whose upcoming speech is anticipated to ignite the next significant breakout. Meanwhile, the US dollar pares losses following Trump's denial of reports about curbing tariffs. In Canada, stocks see a slight uptick after Prime Minister, Justin Trudeau's resignation. Oil prices have dipped from their 12-week highs, reflecting a cooling in recent gains. Looking ahead, Australian shares are poised for a higher open, bolstered by a rally in copper prices and the critical building approvals data set to capture market attention.

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Market Close 06 Jan 25: Some key things to watch for 2025

Mon, 06 Jan 2025 05:42:03 +0000

Laura and Stevie are back following the Christmas break with the market seeing slight declines following some minor falls around lunchtime and a flat finish. They reflect on the market performance of the year gone by with 24 record highs locally, and they run through the standout movers throughout that period. Materials stocks led the conversation today with the sector seeing declines, and gold and uranium were in focus. They look to what could be ahead for the market this week, and the broader things to watch for 2025.

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Morning Report 06 Jan 25: US stocks snap a 5-day losing streak

Sun, 05 Jan 2025 19:56:40 +0000

The new year has had a shaky start, but technology stocks have helped lift Wall Street during holiday trading. US bond yields have climbed in anticipation of upcoming labor market data, while mega-cap stocks have been key drivers in pushing the US share market higher. Meanwhile, a surging US dollar has put pressure on commodity prices. Oil prices have risen, supported by cold weather and favorable Chinese policies. Looking ahead, ASX 200 futures suggest a solid gain, led by Australian tech shares, although concerns about rising inflation persist due to a weak Aussie dollar.

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Market Close 20 Dec 24: The best and worst of 2024

Fri, 20 Dec 2024 05:57:51 +0000

In the last podcast of 2024, Steve and Laura reflect on a challenging December for the Aussie market, which has seen a 4.5% decline, making it the worst month of the year. The Federal Reserve's slower-than-expected pace of rate cuts rattled global markets, with Financials, consumer discretionary, and materials sectors among the hardest hit locally. Highlights included Life360's 200% surge this year, gold stocks benefiting from record prices, and lithium miners and Star Entertainment ranking among the biggest losers.

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Morning Report 20 Dec 24: US stocks rise in defensive session as the US dollar gains

Thu, 19 Dec 2024 19:57:59 +0000

Wall Street is making a cautious recovery after experiencing one of the year’s steepest declines. The Dow Jones Index broke a 10-day losing streak, its longest since 1974, while the 10-year US Treasury yield climbed to its highest level since May, reflecting ongoing strength in the US economy. In corporate news, Micron Technology faced its worst trading day since 2020 following disappointing guidance, while Darden Restaurants enjoyed its best performance since November 2020. Meanwhile, in Europe, the Bank of England held rates steady as policymakers debated whether to implement cuts. Oil prices declined, weighed down by a pessimistic economic outlook. Looking ahead, Aussie shares are predicted to slide as the traditional "Santa rally" shows signs of fading. Adding to the pressures, the Aussie dollar hit a two-year low.

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Market Close 19 Dec 24: Worst day in over three months for Aussie stocks

Thu, 19 Dec 2024 05:52:28 +0000

The Aussie share market faced a tough day, with the ASX 200 facing it's steepest decline in three and a half months—dragged down by a 2.5% fall in the US Dow Jones. Investor concerns stemmed from the US Federal Reserve’s revised interest rate outlook, signalling fewer rate cuts in 2025 than anticipated. All 11 ASX sectors ended in the red, with tech, financials, and materials hit hardest, while only 10% of stocks managed gains. Bright spots included Mesoblast, up 54% after FDA approval for its cell therapy, and Patriot Battery Metals, surging 16% following a major deal with Volkswagen. Meanwhile, uranium miner Deep Yellow plunged 12% on project delays, and ANZ faced shareholder backlash over governance issues at its AGM. With one trading day left this week, December’s losses have nearly erased November’s strong gains, leaving hopes pinned on a late Santa Claus rally.

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Morning Report 19 Dec 24: Stocks and bonds drop after Fed’s hawkish cut

Wed, 18 Dec 2024 19:54:58 +0000

The US Federal Reserve has cut interest rates by 25 basis points but surprised investors by signaling a reduced forecast for future cuts. Meanwhile, the Dow Jones is on track for a 10-day losing streak, potentially marking its worst performance since 1974. In corporate news, Birkenstock shares are climbing amid a surge in demand for sandals, while speculation of a Honda-Nissan merger has sent ripples through the European car market. On the currency front, the US dollar has hit its highest level since November 2022, putting additional pressure on the Australian dollar, which continues to slump. Looking ahead, Aussie shares are expected to open lower on Thursday, weighed down by declining iron ore prices.

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Market Close 18 Dec 24: Market treads water ahead of U.S. rate cut

Wed, 18 Dec 2024 05:37:16 +0000

The Aussie market closed flat today despite an optimistic start, as lunchtime weakness erased earlier gains. Investors are now eyeing the U.S. Federal Reserve's final interest rate decision for the year, expected to deliver a 25 basis point cut, marking three consecutive cuts since September. Market attention will shift to the Fed’s economic outlook and potential rate movements in 2024. Locally, sectors showed mixed performance, with healthcare and industrials faring best, while financials and materials slipped. Meanwhile, company news included NAB’s AGM and updates from Xero and ANZ, while dividend payouts from Westpac and others are on the horizon.

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Morning Report 18 Dec 24: Dow Jones heads for first 9-day slide since 1978

Tue, 17 Dec 2024 19:57:21 +0000

Wall Street has extended its losses as investors remain cautious ahead of the upcoming Federal Reserve decision, following strong retail sales data. The Dow Jones Index is on a nine-day losing streak, its longest since 1978. Energy shares weighed on the S&P 500 as oil prices declined, with Amentum emerging as the index's worst performer after forecasting a hit to its FY25 growth. Oil-related stocks dragged markets to two-week lows in Europe as banking shares struggled. Commodities were also under pressure, with copper prices falling to a two-week low amid surplus concerns, while oil prices slid further on weak economic data from China and Germany. Looking ahead, Aussie markets are expected to open flat as investors await the Federal mid-year economic and fiscal outlook.

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Market Close 17 Dec 24: ASX ends nasty losing streak

Tue, 17 Dec 2024 05:43:12 +0000

Bitcoin soared to another record, while the Aussie stock market rebounded, snapping a tough five-day losing streak with the ASX rising 0.8%. Financial stocks led the gains, rising 1.1%, while energy underperformed as the sector remains the year’s weakest. Notably, tech platform PEXA surged following the appointment of a new CEO, while Data#3 plunged 10% due to changes in Microsoft incentives. Bitcoin’s sharp rise—up 55% since November—has also caught attention. Looking ahead, retail spending data out of the U.S. is expected to drive global market discussions, while NAB’s AGM and dividend payouts will headline the local agenda tomorrow

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Morning Report 17 Dec 24: US tech stocks climb on Fed cut optimism

Mon, 16 Dec 2024 19:55:24 +0000

Wall Street has posted mixed results, yet chipmakers continued to surge. The NASDAQ reached a record high, driven by gains in Broadcom and Alphabet, while Nvidia entered correction territory after a significant rally. Meanwhile, Bitcoin has hit a record high, partly attributed to former President Trump's strategic reserve initiative. Bond yields remained flat ahead of the US Federal Reserve's interest rate decision. In Europe, German shares declined following Chancellor Scholz's loss in a confidence vote. Looking ahead, Australia is poised for a flat start to trading, as the ASX extended its losing streak to five consecutive days.

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Market Close 16 Dec 24: Mining stocks tumble as China struggles

Mon, 16 Dec 2024 05:46:32 +0000

The Australian market continued its downward streak, with the ASX hitting a four-week low amidst weak Chinese retail data and falling commodity prices. China's slower-than-expected retail growth raised concerns over consumption and the country's ability to meet its 5% annual growth target, which impacted resource stocks like BHP and Rio Tinto. Mining and energy sectors remain some of the year's worst performers, down 15% and 20%, respectively. Meanwhile, corporate news saw mixed reactions, with HMC Capital suffering steep losses after backing DigiCo’s underwhelming ASX debut, while Star Entertainment rose following a management shake-up. Looking ahead, key events include global manufacturing data, U.S. retail sales, and the Federal Reserve's inflation update, alongside local updates on consumer confidence and AGMs from major banks like NAB and ANZ.

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Morning Report 16 Dec 24: Wall Street consolidates ahead of Fed decision

Sun, 15 Dec 2024 19:49:44 +0000

Wall Street consolidates as investors await the Federal Reserve's upcoming decision. On Friday, the Dow Jones marked its seventh consecutive day of losses, its longest losing streak since 2020. Meanwhile, AI-related stocks surged on optimistic forecasts, with Broadcom reaching a historic milestone by hitting a $1 trillion market cap for the first time. Tesla shares also gained momentum as the regulatory outlook for automated driving systems improved. Looking ahead, Aussie shares are poised to decline for a fifth straight day.

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Market Close 13 Dec 24: Aussie market hits one-month low

Fri, 13 Dec 2024 05:21:46 +0000

The Aussie market faced a downturn this week, dropping for four consecutive sessions and reaching a one-month low, despite hitting record highs just last week. The Reserve Bank of Australia’s dovish tone signalled potential rate cuts in early 2025, while unexpected jobs data added complexity to rate predictions. Chinese stimulus hopes buoyed materials stocks early in the week, but declines in most sectors, led by tech and gold miners, overshadowed gains. Key market movers included Insignia Financial, buoyed by a Bain Capital buyout offer, and Ventia Services, which faced sharp losses. Looking ahead, investors will focus on AGMs, economic data from China, and the U.S. Federal Reserve’s pivotal interest rate decision

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Morning Report 13 Dec 24: Wall Street dips as investors digest inflation and jobs data after strong rally

Thu, 12 Dec 2024 19:53:11 +0000

US producer prices have seen a notable jump, driven by higher egg costs, though categories closely monitored by the Federal Reserve showed softer increases. Weekly jobless claims in the US rose unexpectedly, signaling potential shifts in the labor market. In corporate news, Adobe shares dropped as slower subscription spending weighed on investor sentiment. Meanwhile, in Europe, a trifecta of central banks cut interest rates in response to evolving economic conditions. Over in China, the government pledged further debt and rate cuts as looming tariffs from the Trump era raise concerns. Gold prices slid from a five-week high, while the US dollar strengthened on the back of fresh inflation data. Looking ahead, Aussie shares are expected to edge lower, pressured by declining commodity prices.

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Market Close 12 Dec 24: Aussie market rattled by unexpected strength in jobs data

Thu, 12 Dec 2024 05:19:38 +0000

The market has taken a tumble today coinciding with an update on Aussie jobs growth with results which caught the market off guard and dropped expectations of a February rate cut. Steve is solo today unpacking this data, and the upcoming data that could make all the difference around this decision. There is a plethora of international happening including rate cuts internationally which Steve discusses, and he looks at the performance of local sectors with tech seeing some gains.

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Morning Report 12 Dec 24: Tech stocks surge as they celebrate the latest inflation report

Wed, 11 Dec 2024 19:56:44 +0000

Wall Street experienced a strong rally as investors reacted positively to U.S. inflation data showing the largest consumer price gain in seven months. The NASDAQ reached a record high of 20,000 points, buoyed by impressive year-to-date gains in stocks like Nvidia and Tesla. Meanwhile, the European Union agreed on a new sanctions package against Russia, underscoring geopolitical tensions. In Canada, the central bank aggressively cut interest rates to bolster its economy. Closer to home, the ASX 200 futures signalled a solid gain as investors focused on upcoming Australian jobs data, even as the Aussie dollar faced downward pressure.

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Market Close 11 Dec 24: Market slips ahead of US inflation data

Wed, 11 Dec 2024 05:41:43 +0000

The Australian market had a sluggish day, with the ASX down 0.8% for the week so far. Despite a lackluster performance, markets are awaiting key economic data, particularly U.S. inflation figures, which could influence share prices ahead of next week's interest rate decision. In Australia, the Reserve Bank's recent decision to hold rates has sparked speculation about potential rate cuts in early 2025, particularly after upcoming job data. Sector performance was mixed, with property trusts rising, while tech and industrial stocks lagged. South32 saw a significant drop due to operational challenges in Mozambique, while Sigma Healthcare's merger with Chemist Warehouse is on track for completion. The outlook remains uncertain, with several major economic updates and interest rate decisions expected in the coming days.

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Morning Report 11 Dec 24: Stocks waver as traders map out game plan for CPI

Tue, 10 Dec 2024 19:57:06 +0000

US markets remain stable as investors await key CPI figures, while Google makes headlines by claiming a significant quantum computing milestone. In contrast, Oracle shares are experiencing their worst trading day of the year following an earnings miss. Walgreens shares surged on reports that Sycamore Partners, a private equity firm, is exploring a potential acquisition of the pharmacy chain. Across the Atlantic, European markets ended an eight-day winning streak, weighed down by rising economic concerns. Meanwhile, China reported a slowdown in November export growth, signalling potential headwinds for the global economy. Looking ahead, Aussie shares are expected to decline, pressured by falling iron ore prices and a weakening Aussie dollar amid the Reserve Bank of Australia’s dovish outlook.

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Market Close 10 Dec 24: RBA rate cut around the corner?

Tue, 10 Dec 2024 05:22:03 +0000

Join Steve and Laura as they unpack the day’s market movements, starting with a modest 0.3% dip on the ASX amidst a tug-of-war between sectors. Mining stocks surged 3% on optimism over potential Chinese stimulus, while tech and financials dragged the market down. The Reserve Bank of Australia held rates steady at 4.35% but hinted at possible cuts in early 2025, sending the Aussie dollar tumbling. Investors are now eyeing upcoming inflation and jobs data for clues on future rate moves. Meanwhile, stock-specific news saw Perpetual plummet due to unexpected tax liabilities, while Treasury Wine Estates soared 4% following a strategic Chinese acquisition.

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Morning Report 10 Dec 24: Wall Street dips from record highs in inflation run-up

Mon, 09 Dec 2024 19:52:54 +0000

Wall Street saw consolidation as investors awaited key inflation data while geopolitical and corporate developments drove market dynamics. Chipmaker Nvidia faced scrutiny amid a China probe, highlighting the escalating global tech war. In corporate news, Hershey's shares surged on speculation of a potential takeover by Mondelez. Across the Atlantic, European markets closed at a six-week high, buoyed by optimism surrounding anticipated Chinese economic stimulus. This sentiment also supported commodity prices, which firmed on the prospect of improved Chinese growth. Meanwhile, oil prices climbed sharply following news of the ousting of Syria's President Assad. Looking ahead, Aussie shares are expected to lift on Tuesday as markets gear up for the final Reserve Bank of Australia board meeting of 2024.

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Market Close 09 Dec 24: Market treads water ahead of RBA decision

Mon, 09 Dec 2024 05:55:48 +0000

Aussie stocks started the week cautiously, with markets still hovering near record highs. Key drivers include US job data fuelling speculation of a fourth consecutive rate cut, and upcoming US inflation figures that could shift expectations. Locally, all eyes are on the RBA’s decision, with economists unanimously predicting rates will remain unchanged. Commodity sectors struggled, while property stocks rebounded, led by Goodman Group. Meanwhile, Life360 was the worst performer, shedding 8%, despite strong year-to-date gains. Globally, trade data from China, jobs figures in Australia, and rate decisions in Canada and Europe are set to round out a pivotal week for investors.

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Morning Report 09 Dec 24: Wall Street savours the latest employment figures

Sun, 08 Dec 2024 20:00:06 +0000

Wall Street experienced mixed outcomes as November jobs data has given the Federal Reserve room to consider cutting interest rates. The S&P 500 notched its 57th record high of the year, while the Dow Jones lagged, with investors showing a preference for technology stocks. In company news, Lululemon shares soared following upgraded forecasts. Meanwhile, European markets advanced despite ongoing political uncertainty. Closer to home, Australian futures pointed to a lower open for the ASX 200, weighed down by a drop in iron ore prices and the RBA has kicked off its two-day policy meeting ahead of Tuesday’s interest rate decision.

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Market Close 06 Dec 24: Investors turn cautious ahead of US jobs data

Fri, 06 Dec 2024 06:05:21 +0000

The Australian share market experienced a challenging week, with most sectors in the red and the ASX 200 down nearly two-thirds of a percent. Key factors include investor caution ahead of U.S. jobs data, which could influence interest rate decisions, and a postponed OPEC+ production increase due to weaker demand. Notable company movements included Iluka's 10% drop following cost blowouts, Collins Foods' ex-dividend dip, and a broker downgrade for Domino’s Pizza. On the brighter side, utilities showed resilience, APA Group gained on favorable regulatory news, and gold stocks rallied on merger announcements. The RBA's meeting next week and U.S. job figures remain pivotal for market direction.

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Morning Report 06 Dec 24: Stocks flounder as jobs report signals Fed cut or pause

Thu, 05 Dec 2024 19:59:06 +0000

Bitcoin has surged to a new record high, buoyed by news of Trump’s appointment, while U.S. jobless claims climbed to a one-month high during Thanksgiving week. In corporate news, Disney announced an increase in dividends, yet its stock price declined. Conversely, Brown-Forman, the maker of Jack Daniels, saw its shares soar on a stronger-than-expected forecast. However, Synopsys faced a downturn as its sales outlook fell short of estimates. Across the Atlantic, European stocks reached a one-month high, with Germany's DAX index setting another record. Meanwhile, oil prices held steady as investors weighed the impact of a delayed OPEC output hike. Looking ahead, the ASX200 is expected to dip as markets await potential stimulus measures from China.

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Market Close 05 Dec 24: Bitcoin cracks US$100,000

Thu, 05 Dec 2024 05:35:37 +0000

The Aussie market saw a modest uptick today, gaining 10 points as it recovered a third of Wednesday's losses. Bitcoin made headlines, surpassing $100,000 USD amid hopes for lighter regulation, rising 40% since early November. Meanwhile, the U.S. markets hit new records across all major indices, fuelled by strong economic confidence. Locally, energy and mining stocks struggled, with lithium miners like Liontown down sharply due to weaker prices, while gold stocks outperformed thanks to rising prices. Attention also turned to the upcoming OPEC+ meetings and upcoming U.S. job data, both poised to shape market movements in the days ahead.

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Morning Report 05 Dec 24: US stocks hit record high buoyed by tech rally

Wed, 04 Dec 2024 20:00:35 +0000

Wall Street is reaching new record highs, fueled by a surge in technology stocks, as optimism grows about the economy. Federal Reserve Chair Jerome Powell expressed confidence in the strength of the U.S. economy, adding to the positive sentiment. In company news, Salesforce shares soared following an earnings report that exceeded revenue expectations, while Foot Locker shares plunged due to a bleak holiday outlook. Across the Atlantic, Germany's DAX index closed above the 20,000-point mark, highlighting resilience in European markets despite political challenges. Meanwhile, iron ore prices rose on hopes of Chinese stimulus, contrasting with a decline in oil prices as markets anticipate the upcoming OPEC decision. Looking ahead, Aussie markets are expected to open flat. The Aussie dollar, however, has fallen to a four-month low after weaker-than-expected economic data.

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Market Close 04 Dec 24: Aussie market pauses after 24th record high for the year

Wed, 04 Dec 2024 05:39:27 +0000

The market has dropped back slightly today following another record high yesterday. Laura and Stevie reflect on this performance comparative to US markets and look at the international news which impacted overseas markets. Rate cuts are back in conversation after expectations have been moved forward following economic data around household consumption, energy, mining, and tech were the only sectors that saw gains, and real estate has seen some losses due to Goodman Group.

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Morning Report 04 Dec 24: South Korean stocks plummet in US trading amid political chaos

Tue, 03 Dec 2024 19:55:19 +0000

The Korean Won has depreciated sharply following South Korea’s president's declaration of martial law, adding to political uncertainty that has weighed on major companies like Samsung and Hyundai. Meanwhile, the S&P 500’s $11 trillion rally is beginning to show signs of fatigue. In Australia, public spending continues to support economic growth, though local shares are expected to slip after recently reaching a record high of 8,500 points. Commodity markets remain dynamic, with iron ore nearing a two-month high on hopes of Chinese stimulus, and oil prices climbing amid concerns over the situation in Lebanon.

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Market Close 03 Dec 24: Aussie market on track for the best year since 2019

Tue, 03 Dec 2024 05:18:59 +0000

The market has improved for a second straight day today with Stevie assuming that Santa has come early as he reflects on the recent local performance. Laura addresses the state of the local sectors, and they unpack the stocks that caught attention with Star Entertainment being the top performer following their recent less than impressive performance. They look at what to expect overnight ahead of economic growth figures tomorrow and the data coming out of China and the US.

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Morning Report 03 Dec 24: US technology stocks lift Wall Street to new record highs

Mon, 02 Dec 2024 19:59:32 +0000

Technology stocks are back in favour, driving Wall Street higher on the first trading day of the new month. Apple reached a fresh record high, while Super Micro Computers led gains in the Semiconductor Index. Meanwhile, Cyber Monday and robust online sales have provided a boost to the US retail sector. In Europe, political uncertainty, particularly in France, weighs on investor sentiment. Commodities were a key focus on the ASX, with a stronger US dollar and encouraging Chinese factory data supporting iron ore prices. Looking ahead, futures indicate a solid start for Australian shares, with the ASX200 poised to challenge record highs.

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Market Close 02 Dec 24: Aussie stocks flirt with fresh record

Mon, 02 Dec 2024 05:49:56 +0000

December has started on a high following the second-best month of the year. Laura and Stevie reflect on the performance of last month and dive into the performance of the US market which also has seen positive performances. Property prices are in discussion today as is retail spending data with Black Friday having provided a boost. They run through the stocks that saw the biggest movements today including De Grey Mining and look to the week ahead.

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Morning Report 02 Dec 24: Wall Street ends record-breaking month in positive territory

Sun, 01 Dec 2024 19:53:41 +0000

Wall Street wrapped up a stellar November with strong gains, driven by optimism over lower bond yields, U.S. economic resilience, and expectations of a rate cut. The Dow rose 7.5%, marking its best month in a year, while the NASDAQ surged 6.2%, outpacing Australia's ASX 200, which gained 3.4%. Tesla led the charge in U.S. equities, climbing over 30% in November, while retailers were bolstered by robust Black Friday sales. Locally, Australian home prices slowed in November, reflecting affordability challenges, while the ASX eyes record highs, fuelled by bullish commodity prices and economic momentum from China.

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Market Close 29 Nov 24: Second best month of the year

Fri, 29 Nov 2024 05:56:11 +0000

The Aussie market wrapped up November on a mixed note, dipping slightly by 0.1% but still securing its second-best month of the year with a 3.3% gain. Despite a sluggish day influenced by the U.S. Thanksgiving holiday, the materials sector led a late recovery, offsetting losses from other sectors. Highlights included Webjet's rollercoaster ride amid legal troubles, Star Entertainment's all-time low after years of decline, and Resolute Mining's struggles following a major settlement in Mali. With Black Friday sales kicking off, the holiday shopping season is expected to shape retail performance, while upcoming data from China and the U.S., along with an OPEC+ meeting, will provide critical market insights in the week ahead.

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Morning Report 29 Nov 24: European share markets edge higher as investors focus on French political uncertainty

Thu, 28 Nov 2024 19:58:23 +0000

US futures are showing positive movement as the Thanksgiving holiday approaches. In Europe, French bonds approached parity with Greek debt as the nation’s budget saga deepened, further straining French banks amid the ongoing fiscal crisis. Meanwhile, oil prices rose on escalating Middle East tensions, while gold retreated in thin holiday trading. Closer to home, the Aussie dollar climbed in subdued holiday trade. However, Australian shares are expected to ease from record highs after Reserve Bank Governor Michelle Bullock dampened hopes for an interest rate cut. The central bank reiterated that inflation remains too elevated to consider near-term rate reductions.

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Market Close 28 Nov 24: Second record high of the week

Thu, 28 Nov 2024 05:35:58 +0000

The Aussie share market hit its second record high of the week, marking the 15th for the financial year, with gains driven by financials and healthcare stocks. Key standouts included Pro Medicus, surging 9% on a $330 million U.S. deal, and Sigma Healthcare, up 50% this month following a Chemist Warehouse merger. Meanwhile, Star Entertainment saw its shares tumble nearly 5% amid ongoing revenue challenges. Looking ahead, U.S. markets will be closed tomorrow for Thanksgiving, while a speech from RBA Governor Michelle Bullock and upcoming AGMs keep investors alert.

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Morning Report 28 Nov 24: Wall Street serves up a turkey ahead of Thanksgiving holiday

Wed, 27 Nov 2024 20:02:53 +0000

Wall Street saw sellers take charge as investors prepare for the Thanksgiving break. The bond market brought some relief, with interest rates falling as inflation figures came in softer than expected. Technology stocks struggled to maintain momentum, with the recent rally halting due to downbeat quarterly forecasts from Dell and HP, which weighed heavily on the sector. On a brighter note, retailers like Urban Outfitters and Target shone, delivering better-than-expected earnings and boosting sentiment in the retail space. Meanwhile, oil prices dipped following a surprise build in U.S. gasoline stocks, adding pressure to the energy sector. Looking ahead, the ASX is poised for a positive start on Thursday, with investors closely watching RBA Governor Michelle Bullock's speech, where she is expected to provide insights into the latest inflation report.

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Market Close 27 Nov 24: Aussie shares bounce back despite tariff fears

Wed, 27 Nov 2024 05:38:47 +0000

The market has rebounded today following the slight declines of yesterday. Laura and Stevie reflect on the session yesterday which was the worst decline in two weeks and the performance that we saw today. Tariff concerns are in conversation today and they discuss how international and local markets have reacted. Inflation is back in focus as are conversations around rate cuts, they share the stocks that caught their eye including City Chic and GrainCorp, and look to the rest of the week.

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Morning Report 27 Nov 24: S&P 500’s 7-day run puts fresh record high in sight

Tue, 26 Nov 2024 19:57:11 +0000

Wall Street has shrugged off concerns over Trump’s tariff talks as stocks climbed, while a US bond rally lost momentum following his tariff pledge. At the same time, European markets and global automakers were also impacted by the ongoing tariff discussions. Meanwhile, the release of US Federal Reserve minutes revealed easing inflation and a strong labor market, paving the way for potential further interest rate cuts. In corporate news, biotech firm Amgen weighed on the Dow Jones after disappointing results from its weight loss drug. Looking ahead, Aussie shares are expected to lift on Wednesday ahead of key monthly inflation data.

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Market Close 25 Nov 24: Donald Trump’s social media post impacts markets

Tue, 26 Nov 2024 05:35:46 +0000

The market has pulled back slightly today following the record high of yesterday. A social media post from Donald Trump played into this performance with the energy sector and financials seeing losses. Laura and Stevie reflect on this session, look to the stocks that caught their eye including Bluescope and Webjet, and discuss the upcoming happenings that could move markets.

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Morning Report 26 Nov 24: Trump's Treasury pick bolsters US and European stocks

Mon, 25 Nov 2024 20:00:50 +0000

Interest rates curb the US dollar's decline as Donald Trump’s Treasury nominee, Scott Bessant, is viewed positively by markets. Meanwhile, the prospect of a ceasefire in the Middle East has put downward pressure on oil prices, while at the same time, gold prices have fallen due to reduced safe-haven demand. In corporate news, Webjet is set to release its earnings, while Brickworks, Pilbara Minerals, and Ramsay Health will host their AGMs. Looking ahead, futures indicate solid gains for the local share market on Tuesday, while the Australian dollar consolidates amid a moderating US dollar.

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Market Close 25 Nov 24: Another record for the Aussie market

Mon, 25 Nov 2024 06:00:43 +0000

It has been a great start to the week with a fresh record high. Laura and Stevie reflect on this 14th record high since the start of the financial year with the market up around 11% at this point. They look to the US, the performance of the local sectors with most seeing improvements – real estate the standout, and run through the stocks that caught their attention with Zip and Novonix gaining attention.

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Morning Report 25 Nov 24: Latest growth figures push Dow to new record highs

Sun, 24 Nov 2024 19:57:28 +0000

Wall Street has ended the week with solid gains as the Dow Jones closed at a record high. A 4% surge in Boeing has lifted industrial stocks, while technology names lagged as Nvidia slipped 3%. In economic news, U.S. services activity accelerated to its highest level since March 2022. In Europe, stocks climbed on hopes of interest rate cuts. Locally, the Aussie share market is poised to test new record highs on Monday, with SPI futures indicating a solid gain for the ASX 200.

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Market Close 22 Nov 24: Aussie market nears another record high

Fri, 22 Nov 2024 05:57:10 +0000

The Aussie market is inching toward record highs despite geopolitical tensions, with the ASX 200 up nearly 0.9% on Friday. Energy stocks led gains, boosted by rising oil prices following concerns over the Russia-Ukraine conflict. A2 Milk soared 13% after announcing its first-ever dividend, while WiseTech Global plunged 12% due to a software launch delay and lower profit growth expectations. Resolute Mining rebounded slightly after resolving a tax dispute in Mali, and Adore Beauty revealed plans to expand into physical retail, challenging giants like Mecca and Sephora. Investors now look to upcoming inflation data and Black Friday sales to shape market momentum heading into December.

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Morning Report 22 Nov 24: Dow jumps more than 500 points as investors rotate out of tech stocks

Thu, 21 Nov 2024 19:56:11 +0000

Despite ongoing geopolitical tensions, U.S. and European markets have seen gains. In the U.S., "Trump trades" gained momentum, while jobless claims hit a seven-month low, signalling a robust labor market. On the corporate front, Nvidia's highly anticipated results revealed slowing revenue growth, raising concerns among investors. Meanwhile, oil prices climbed 1% amid the escalating Ukraine-Russia conflict, and iron ore futures rose on stronger Chinese demand. Looking ahead, Aussie shares are poised to end the week on a positive note, with investors keeping an eye on 25 AGMs scheduled for today.

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Market Close 21 Nov 24: Nvidia falls on underwhelming forecasts

Thu, 21 Nov 2024 05:37:01 +0000

The ASX struggled today, slipping after an early rise of 0.4% faded, leaving markets unable to secure a fourth gain in five sessions despite a solid start to the week. Financials provided a bright spot with a modest uptick, while consumer discretionary stocks faced their second consecutive day of losses, offsetting gains earlier this month. Retailer Accent Group plunged nearly 12% due to disappointing margins, and fund manager GQG saw a 15% drop amid controversy surrounding Adani Group. On the global stage, Nvidia's earnings exceeded expectations but revealed slower growth forecasts and supply constraints, leading to a 2.5% dip in after-hours trading. Investors now await key speeches and manufacturing data for further market direction.

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Morning Report 21 Nov 24: US investors wary ahead of Nvidia earnings

Wed, 20 Nov 2024 20:00:29 +0000

After days of consolidation, the US dollar has reclaimed its spot in the winner's circle, as US yields rise despite ongoing geopolitical tensions. In company news, Target shares tumbled after the retailer slashed its profit outlook. At the same time, Ford announced plans to cut 14% of its European workforce, citing the shift to EVs and intensifying competition. Additionally, packaging giant Amcor gained on news of a potential merger. Meanwhile, oil prices dipped as US crude inventories increased. Looking ahead, Aussie shares are expected to open lower, ahead of Governor Michelle Bullock's upcoming speech, and the Aussie dollar remains under pressure due to the recovering US dollar.

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Market Close 20 Nov 24: Markets brace for earnings results from the world’s largest company

Wed, 20 Nov 2024 05:58:32 +0000

The Aussie market has hit 13 record highs this financial year. Fresh off the back of one of them yesterday Laura and Stevie reflect on this and unpack the losses of today with most sectors seeing drops across the session. They talk through the companies that caught their eye including Amcor, Webjet, and Nick Scali, Nvidia looks set to steal the spotlight ahead of releasing their earnings results, and they look to the upcoming news, AGM’s, and dividend payments.

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Morning Report 20 Nov 24: ASX to fall from record highs as geopolitical tensions rise

Tue, 19 Nov 2024 19:57:22 +0000

US stocks have rebounded, shaking off concerns over geopolitical tensions ahead of Nvidia’s much-anticipated earnings release. In contrast, European markets struggled, with stocks sinking as investors sought the safety of haven assets. Global bond yields also fell, reflecting the heightened demand for security. In the retail sector, Walmart surged to record highs, buoyed by optimism over strong holiday shopping trends, while Lowe’s reported a boost in sales thanks to hurricane recovery efforts. Meanwhile, iron ore prices hit a one-week high, driven by pre-holiday restocking activity. Looking ahead, Aussie shares are expected to dip after the ASX reached a record high on Tuesday.

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Market Close 19 Nov 24: Not a shabby performance for the Aussie market

Tue, 19 Nov 2024 05:44:18 +0000

The market is up today to a fresh record high following a slow start the session this morning. This marks four days of straight gains and the best day in around 3 months with 8 in every 10 stocks seeing gains. Laura and Stevie unpack this performance in relation to the US market and look at the best performers with tech and financials seeing some standout moves. Mining is back in positive territory, Elders is in focus, and they look at what to expect overnight.

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Morning Report 19 Nov 24: Stocks get boost from Tesla as the EV giant surges

Mon, 18 Nov 2024 19:59:12 +0000

The NASDAQ and S&P 500 kicked off the week with gains, driven by a rally in Tesla shares. In contrast, Nike shares fell after the company flagged risks to its outlook, while healthcare stocks continued to struggle following recent sell-offs. Oil prices climbed nearly 3% amid escalating tensions in Ukraine, while gold surged on a weaker US dollar. Meanwhile, iron ore hovered near the key $100 USD per tonne mark, supported by strong demand. Looking ahead, Aussie shares are set to rise on Tuesday, buoyed by climbing commodity prices.

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Market Close 18 Nov 24: The Aussie market’s winning streak continues

Mon, 18 Nov 2024 05:52:42 +0000

Steve is solo today unpacking what was a good day overall following a slow start on the local market. This makes a 3-day winning streak which he reflects on following the losses of last week both locally and in the US. He unpacks the performance of each of the local sectors with mining stocks clawing back some of the recent losses, looks at some of the biggest movers including Dusk, Life360,and CSL Limited, and looks to what to expect as the week continues.

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Morning Report 18 Nov 24: Wall Street challenged by interest rate outlook

Sun, 17 Nov 2024 19:56:58 +0000

Wall Street has pulled back as concerns over interest rates weigh on markets. U.S. pharmaceutical stocks, including Pfizer, declined following cabinet appointments by Donald Trump. Meanwhile, the "Magnificent 7" tech stocks faced pressure from rising bond yields. In commodities, aluminium prices surged after China cancelled export tax rebates, gold lost its shine following Donald Trump’s decisive election victory and oil dropped 2% on weaker Chinese demand. Looking ahead, Aussie shares are expected to dip, with energy stocks likely to drag the market lower.

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Market Close 15 Nov 24: The market claws back the losses of earlier this week following mixed China data

Fri, 15 Nov 2024 05:52:21 +0000

The market has seen a lift today. Laura unpacks this session’s performance which was a sizable gain given the falls that we saw in the earlier half of the week. She looks at the performance of the US market and the dulled possibility of US rate cuts. Data out of China today was mixed but overall their economy did show some positive signs following the recent government stimulus. Laura looks at the performance of local sectors and what investors should be watching into next week.

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Morning Report 15 Nov 24: US stocks lose steam as rally goes too far too fast

Thu, 14 Nov 2024 20:00:34 +0000

For the second consecutive session, Wall Street consolidates following the post-Trump election rally. At the same time, U.S. Treasury yields slip from a three-month high as markets await comments from Jerome Powell. In company news, Disney stocks surge on streaming growth, while Rivian and Tesla face pressure amid reports that Trump may end the EV tax credit. Meanwhile, government contractor stocks extend their decline over DOGE-related concerns. Looking ahead, Australian shares are expected to rise on Friday supported by energy producers and Ryan previews China’s upcoming economic data.

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Market Close 14 Nov 24: Bitcoin jumps to new record high

Thu, 14 Nov 2024 05:47:25 +0000

The Australian market ended a three-day losing streak with a slight lift, supported by steady inflation and employment data that matched expectations. While U.S. inflation data hinted at another rate cut next month, the Australian market remains cautious, expecting no cut until early next year. Sectors showed mixed performance: tech led gains, while materials, weighed down by a strong U.S. dollar and China's economic concerns, struggled, especially in mining stocks. Notably, Bitcoin soared to new highs, driven by increased U.S. interest in crypto policy, and several ASX stocks reached record levels. Looking ahead, markets are focused on upcoming economic releases from China, which could influence material stocks tomorrow.

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Morning Report 14 Nov 24: Wall Street consolidates around record highs

Wed, 13 Nov 2024 19:59:55 +0000

Wall Street consolidates after recent gains and U.S. inflation data aligns with expectations, supporting the case for a December rate cut. The S&P 500 is on track for its 52nd record high this year. In company news, Amazon's new storefront aims to compete with low-cost shipping app Temu. Meanwhile, commodities remain under pressure due to the strengthening U.S. dollar, and Aussie shares are expected to lift ahead of key jobs data.

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Market Close 13 Nov 24: Markets slide for a third day

Wed, 13 Nov 2024 05:41:44 +0000

The Aussie market faced a broad-based decline, shedding nearly 0.8% with steep losses across 10 of 11 sectors. The downturn followed last week’s post-election surge, signaling that investor enthusiasm might be cooling. Banks weighed heavily, particularly ANZ, which traded ex-dividend, while Commonwealth Bank reported stable profits but saw shares fall amidst economic concerns. Sectors like materials and consumer staples also suffered, pressured by weak commodity prices and global trade worries. Lithium and uranium stocks showed mixed performance; Paladin Energy rebounded, yet several lithium miners faced operational cuts due to low prices. On a positive note, Aristocrat Leisure and James Hardie Industries posted strong results, showing resilience in challenging conditions. The economic outlook remains uncertain, with slower-than-expected wage growth and upcoming jobs data keeping interest rate cuts on the radar.

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Morning Report 13 Nov 24: Stocks fall for the first time since US election

Tue, 12 Nov 2024 20:01:26 +0000

Wall Street sees some modest declines following a series of record highs. The US dollar hits a two-year high, while US bond yields ratchet higher ahead of influential US inflation data. Meanwhile, Bitcoin eases from record highs, with Trump vowing to make the US the 'crypto capital'. In Europe, concerns over China weigh on shares, with markets posting their worst session in three months. Locally, the ASX is expected to slip as copper falls to a two-month low, and Ryan previews wage data and CBA earnings results.

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Market Close 12 Nov 24: Commodities slump and ASX follows

Tue, 12 Nov 2024 05:31:30 +0000

There was a modest dip in the Aussie Market today, driven by declines in the energy and materials sectors due to falling commodity prices. While overall market losses were cushioned by gains in tech stocks, weak performance in gold miners, particularly after the U.S. election, impacted the market. Paladin Energy, a uranium miner, saw a sharp 28% drop due to production issues. Aristocrat Leisure hit a record high but dropped after announcing the sale of a gaming subsidiary. The financial sector held steady, though NAB faced downward pressure trading ex-dividend. U.S. markets, by contrast, continued upward, with the S&P 500 and NASDAQ up. Key factors to watch included Fed official speeches, ANZ's ex-dividend trading, and anticipated wage data, providing insights into economic health and market sentiment.

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Morning Report 12 Nov 24: Investors shun big caps favouring the small end of the market

Mon, 11 Nov 2024 19:58:52 +0000

US investors pause to reflect on the latest run of record highs as the Dow Jones jumps 300 points, poised for its first close above 44,000. In company news, Tesla continues its post-election surge, reaching a $1 trillion market value for the first time since 2022. Meanwhile, oil prices fall on disappointing Chinese stimulus, while copper hits a seven-week low due to a stronger US dollar. Closer to home, local stocks see a flat start as ASX investors monitor retreating commodity prices and focus on a data centre float.

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Market Close 11 Nov 24: Market slides as China disappoints

Mon, 11 Nov 2024 05:53:57 +0000

It has been a bleak start to the week with the materials sector weighing on the market. Laura and Stevie unpack this performance and the part that recent announcements out of China played in this. They reflect on the performance of US markets following the election, and the performance of each of the sectors locally which was a mixed bag today. Resolute got some attention today, as did HMC Capital, and they look at what to expect as the week continues.

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Morning Report 11 Nov 24: Wall Street ends momentous week by setting new record highs

Sun, 10 Nov 2024 19:58:10 +0000

Wall Street ends the week with a fresh set of record highs as U.S. stocks rise for the fourth consecutive day. Markets posted their best weekly gains in a year, with the S&P 500 marking its 50th record high for 2024. Meanwhile, futures indicate a decline for the ASX 200 as China’s stimulus efforts leave investors unimpressed and a busy week awaits in Australia, with key wage and employment figures set for release.

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Market Close 08 Nov 24: Aussie stocks notch best week in three months

Fri, 08 Nov 2024 06:11:37 +0000

Join Steve and Laura as they break down a strong week for the Australian stock market, which saw a 0.8% increase for the ASX200 and nearly a 10% year-to-date gain, despite still lagging behind the S&P 500 and NASDAQ. Market optimism may be attributed to factors like Trump’s pro-growth policies and expectations for Chinese stimulus. Key sectors performed well, with notable gains from financial and tech stocks, while energy and property lagged. Record performances were also on the cards from companies like CBA, and ANZ, which saw profit declines despite optimistic CEO remarks. Looking forward, upcoming economic data, AGMs, and U.S. inflation reports that could impact the market.

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Morning Report 08 Nov 24: US share markets hit all-time highs extending the US election rally

Thu, 07 Nov 2024 20:01:45 +0000

Wall Street maintains its upward momentum, reaching record highs the day after U.S. presidential election results. The Federal Reserve has cut rates for a second consecutive meeting to support the economy. In company news, Warner Bros. Discovery reports significant subscriber growth. Meanwhile, the Bank of England has also cut rates, though higher inflation is projected following the new government's first budget. Commodity prices rebounded on expectations of Chinese stimulus, and Aussie shares are anticipated to rise, supported by industrial metal prices.

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Market Close 07 Nov 24: Aussie stocks fail to see the same gains as US markets

Thu, 07 Nov 2024 05:13:32 +0000

The local market remained surprisingly flat today in contrast to how the US performed following the election outcome. Laura and Stevie unpack this market performance looking at why the US saw gains, talk through the performance of the local sectors which has been a mixed bag today with around half in the green and half dropping, and they look at the stocks that caught their eye including Sigma Healthcare who saw some huge gains.

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Morning Report 07 Nov 24: Dow soars 1,400 points to record high as Trump defeats Harris

Wed, 06 Nov 2024 20:01:04 +0000

U.S. stocks have reached historical highs following Donald Trump’s presidential win, with the Dow Jones index up around 1,400 points. U.S. bond yields also surged as Trump’s victory accelerated a bond sell-off. Meanwhile, European shares, particularly among car makers, fell on fears of potential Trump tariffs. Commodity prices slumped as the U.S. dollar surged, with copper prices tumbling amid concerns over a slower energy transition. In Australia, shares are expected to open flat on Thursday ahead of NAB’s earnings results.

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Market Close 06 Nov 24: How did the US election move markets?

Wed, 06 Nov 2024 05:47:19 +0000

With the US election underway Laura and Stevie begin the podcast today by reflecting on the journey so far. They look at the impact on the US market and the flow on effect that we have seen back home. Most of the sectors are in positive territory and they talk through the winners and losers, the stocks that saw the biggest moves across the session, and what could be on the cards as the US election continues and more AGM’s take place.

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Morning Report 06 Nov 24: Wall Street gains on U.S. election day as tech and chip stocks rise

Tue, 05 Nov 2024 19:57:08 +0000

U.S. stocks are moving higher as the final votes for the presidential election are cast. All sectors in the S&P 500 are up, led by Palantir Technologies, which reached a record high on positive guidance. Meanwhile, U.S. bond yields are advancing as betting markets lean towards a Trump victory. Iron ore has climbed to a two-week high on expectations of additional stimulus from China, while copper hit a three-week high, supported by a weaker U.S. dollar. Closer to home, the RBA still sees inflation as sticky but notes strong job growth, and Aussie shares are expected to rise, supported by strong commodity prices.

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Market Close 05 Nov 24: Interest rate decisions and an imminent US election – how did the market respond?

Tue, 05 Nov 2024 05:14:44 +0000

The market has seen some slight declines today but clawed back some of those losses as trade progressed. Laura is solo today and deep dives into the RBA’s decision around interest rates which were left on hold and if there was any impact on the market. Ahead of the imminent US election she unpacks the current market sentiment and what could be on the cards for markets, and discusses the stocks that caught her eye today.

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Morning Report 05 Nov 24: Dow falls more than 200 points as stocks slip ahead of presidential election

Mon, 04 Nov 2024 19:57:48 +0000

U.S. traders are watching the polls closely as bonds rise and the U.S. dollar falls, with 'Trump trades' being unwound. In company news, Nvidia is set to replace Intel in the Dow Jones index. Meanwhile, oil prices have risen nearly 3% after OPEC’s decision to delay output increases. In Australia, shares are expected to slip ahead of the RBA’s interest rate decision on Melbourne Cup Day, while the Aussie dollar surges as the 'Trump trade' effect fades.

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Market Close 4th Nov 24: Aussie stocks snap three day losing streak

Mon, 04 Nov 2024 05:52:45 +0000

The ASX 200 has bounced back, breaking a three-day losing streak amid a strong start to November, fuelled by positive U.S. market performance and widespread sector gains. Most sectors surged, though energy and materials lagged due to global economic strains, notably from China. Noteworthy updates included Westpac’s financial results, with a slight dip in annual profit but a promising dividend increase, and Telix Pharmaceuticals’ 3.5% rise following policy changes that benefit its cancer diagnostics. Meanwhile, Mineral Resources and The Star Entertainment struggled amid management issues and financial challenges. This critical week also brings interest rate decisions from the RBA and global central banks, plus U.S. elections, setting the stage for potentially heightened volatility.

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Morning Report 04 Nov 24: US stocks end higher just days before the US election

Sun, 03 Nov 2024 19:57:43 +0000

Just days before the US election, Wall Street ended last week with positive momentum, driven by investors responding to US job growth despite a weather-affected month. Meanwhile, technology stocks rebounded on better-than-expected earnings. Closer to home, the Australian share market is set to open higher ahead of the RBA’s decision, with banks in focus as Westpac prepares to release its earnings.

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Market Close 01 Nov 24: Investors on tenterhooks ahead of US election

Fri, 01 Nov 2024 05:50:30 +0000

It's been a challenging start to the month for Aussie stocks, with the ASX 200 closing down after early morning volatility. Global influences weighed on the market, especially disappointing profit reports from major U.S. tech companies. Investors are also on edge ahead of the U.S. election and central bank interest rate decisions in Australia and the U.S., both potentially stirring up more market movement. Domestically, property prices in Sydney fell for the first time in nearly two years, reflecting affordability issues and high rates. Sectors like energy and mining made modest gains, while financials and healthcare took hits.

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Morning Report 01 Nov 24: Stocks end October on a sour note as tech tumbles

Thu, 31 Oct 2024 19:58:37 +0000

It's the first day of the new month, and Wall Street is on track to post its first monthly decline since April. AI investments by major tech companies like Meta and Microsoft have raised investor concerns, while chip growth faces bottlenecks. Meanwhile the U.S. inflation gauge and consumer spending show strength in a solid economy with oil rising on increased fuel demand and gold easing from record highs. Closer to home, Sydney housing prices have fallen for the first time in two years, and the Aussie market is expected to start the month on the back foot.

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Market Close 31 Oct 24: Aussie stocks limp over the line as volatile October comes to an end

Thu, 31 Oct 2024 05:50:18 +0000

The Aussie market ended October on a down note, closing 1.3% lower, making it the second-worst month of the year. While financials, tech, and consumer discretionary sectors saw modest gains, other sectors struggled, particularly staples and utilities. In the U.S., stronger-than-expected economic data, like job growth and home sales, has tempered rate cut expectations, with an important jobs update expected soon. Corporate earnings, especially from Alphabet, Microsoft, and Meta, also influenced market sentiment. In Australia, standout performers included Mineral Resources, following a significant deal, and JB Hi-Fi, with impressive growth in New Zealand. Conversely, Woolworths, Coles, and Star Entertainment faced setbacks. Upcoming earnings from major U.S. tech players, alongside inflation and property data in Australia, are key watchpoints for November.

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Morning Report 31 Oct 24: Wall Street struggles for direction ahead of mega cap earnings

Wed, 30 Oct 2024 19:59:43 +0000

Wall Street struggles to advance as investors face information overload. Technology stocks decline on mixed earnings results, while strong economic data pushes interest rates higher. Meanwhile, markets remain cautious ahead of Meta and Microsoft earnings. In the UK, the largest tax hike since 1993 is imminent. Gold reaches a record high ahead of the U.S. election, and oil prices rise due to a drawdown in U.S. stockpiles. Meanwhile, Australian shares are expected to slip, closing a down month for the ASX 200.

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Market Close 30 Oct 24: Market snaps 3-day winning streak as inflation fails to impress

Wed, 30 Oct 2024 05:47:10 +0000

The anticipated barrage of key events that Laura and Stevie have been mentioning in recent episodes has begun taking place today. They unpack the impact on local markets which ended a three-day winning streak fuelled by the latest inflation data and US earnings data from some major companies. They talk through the sectors which mostly saw declines, the stocks that caught their eye with Woolworths seeing some attention, and look at what to expect in the days ahead with further market moving events set to take place.

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Morning Report 30 Oct 24: NASDAQ climbs to fresh record high

Tue, 29 Oct 2024 19:57:11 +0000

Tech stocks are driving market gains, with stocks rising in anticipation of $12 trillion in earnings reports. Alphabet is set to release its earnings, and strong results will be crucial to ease investor concerns. In the housing sector, major names like D.R. Horton and Home Depot have weighed on the homebuilders' index, with Home Depot as the Dow Jones's worst performer. Meanwhile, U.S. labour market conditions are easing, with job openings at a three-and-a-half-year low. In Australia, a muted start to trading is expected ahead of key inflation data.

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Market Close 29 Oct 24: Investors prepare for a barrage of key updates

Tue, 29 Oct 2024 05:32:52 +0000

The market has climbed slightly higher today following several sessions of modest moves. Laura and Stevie start the day by diving into oil prices amid conflicts in the Middle East and discuss some acquisition news with a deal worth around 1 billion dollars taking place today. They look at how this impacted the involved parties share prices, discuss the stand out stocks that caught their attention, and in what promises to be a big week they look at the key market moving events yet to come.

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Morning Report 29 Oct 24: US stocks rise as traders map out election game-plan

Mon, 28 Oct 2024 19:58:38 +0000

Wall Street starts the week strong, gearing up for the busiest week of U.S. earnings. Oil prices plunge 6% on a reduced risk of broader conflict in the Middle East, and financial stocks gain as U.S. Treasury yields reach a three-month high. Meanwhile, Alphabet shares are in focus ahead of earnings results, while transport stocks benefit from lower crude oil prices. Closer to home, Aussie shares are expected to open higher on Tuesday, tracking U.S. trends, while the Aussie dollar weakens on the strength of the U.S. dollar.

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Market Close 28 Oct 24: Investors remain pensive ahead of key events later this week

Mon, 28 Oct 2024 05:39:55 +0000

The Aussie market has barely budged today following the falls of last week as a number of key events sit on the horizon. Laura and Stevie unpack these upcoming events and the likely impact on the market, look at the performance of the sectors with utilities and property seeing a hit, and the performance of individual stocks with Paladin and other uranium stocks seeing some losses.

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Morning Report 28 Oct 24: Wall Street stumbles as investors eye looming U.S election

Sun, 27 Oct 2024 20:00:15 +0000

Wall Street closed last week with a mixed performance as investors monitor the upcoming U.S. election's impact on market conditions. Bank stocks surrendered recent leadership on disappointing earnings, while interest rates continued to rise. Meanwhile, oil prices surged due to ongoing Middle East tensions. Locally, ASX 200 futures indicate a flat start, with Australian investors eyeing key inflation data due on Wednesday.

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Market Close 25 Oct 24: WiseTech rebounds as CEO steps down

Fri, 25 Oct 2024 06:00:27 +0000

The Aussie share market closed the week on a modest gain, despite significant fluctuations earlier. The ASX 200 remains down about 0.9% over the past five days, marking the end of a two-week winning streak. Major highlights included WiseTech’s 13% rise after its CEO announced he would be stepping down into a consulting role following media scrutiny. Other notable performers were Qantas, buoyed by strong demand and staff bonuses, and HMC Capital, which raised funds for a large data centre acquisition. Next week’s action-packed calendar features key earnings from major U.S. tech firms, Australian quarterly inflation data, and central bank meetings, setting the stage for potential global market shifts.

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Morning Report 25 Oct 24: S&P 500 sees first gain of the week as Tesla rises 20%

Thu, 24 Oct 2024 20:00:12 +0000

Wall Street saw its first improvement of the week on Thursday, despite the Dow Jones heading for its fourth consecutive decline. In company news, Tesla has delivered a better-than-expected quarter with an upbeat 2025 outlook, while UPS shares jumped after reporting their first profit growth in nearly two years. Meanwhile, U.S. bond yields slipped from a three-month high. Closer to home, Australia is expected to have a muted start to trade as iron ore prices dip on mixed supply data.

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Market Close 24 Oct 24: Market treads water for second day

Thu, 24 Oct 2024 05:44:50 +0000

The ASX 200 experienced minimal movement today, with small sector gains offset by losses, ending the day down by about 0.1%. Tech stocks were among the worst performers, with WiseTech wiping out a gigantic chunk of its market value amid a scandal involving its CEO. The mining sector also struggled, with Fortescue Metals reporting rising costs despite record shipments. On a positive note, Telix Pharmaceuticals secured FDA approval for a new cancer drug, boosting its stock by 1.7%. Meanwhile, Tesla surged 12% in after-hours trading following better-than-expected earnings results. Looking ahead, key global PMI data and Qantas' AGM amid protests are set to drive attention

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Morning Report 24 Oct 24: NASDAQ falls 2% as tech-led stock rout deepens

Wed, 23 Oct 2024 19:52:52 +0000

Investor caution continues to take shape ahead of the US election, while U.S. Treasury yields have fallen for a third straight day as bets on a Fed rate cut wane. In company news, Apple shares dropped after iPhone production cuts, and Coca-Cola shares declined despite better-than-expected earnings reports. Meanwhile, McDonald’s has pulled a popular burger from its menu due to an E. coli outbreak. Elsewhere, the Bank of Canada has slashed interest rates. Oil has slipped 1% following a large build in U.S. crude inventories and futures are pointing to a significant loss for the ASX 200 at the start of Thursday's trading.

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Market Close 23 Oct 24: The market pauses for thought following yesterday’s declines

Wed, 23 Oct 2024 05:47:27 +0000

The market raised slightly today following the tumbles that we saw yesterday. Laura and Stevie reflect on this ‘shocker’ of a performance and the pause for thought that we saw today. The height of gold prices has the commodity and gold stocks in focus which they unpack, and they look at the performance of each of the sectors which have seen moderate moves with tech doing the worst. QBE Insurance is facing court, Michael Hill has seen some great gains today, and Laura and Stevie look to the night ahead.

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Morning Report 23 Oct 24: Dow Jones wipes out 200-point loss on Turnaround Tuesday

Tue, 22 Oct 2024 19:55:57 +0000

Wall Street stalls as investors digest earnings results, while bond markets stabilise following a sell-off driven by expectations of slower U.S. rate cuts. In corporate news, tobacco giant Philip Morris hit record highs on surging demand for its Zyn brand. Additionally, General Motors saw its stock soar on steady profits and an improved full-year outlook, marking its best day of the year. Meanwhile, oil prices continued to rise as conflict in the Middle East escalated. Closer to home, Australia lags in the global fight against inflation, though Aussie shares are expected to rebound following their worst session since September 4th.

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Market Close 22 Oct 24: The worst day in seven weeks for the Aussie market

Tue, 22 Oct 2024 05:21:31 +0000

The market was a sea of red today in what was the worst day since early September. Record highs have been the story of late, but Laura and Stevie unpack the turnaround that we saw today and the key reasons that we may have seen those declines. The upcoming US election is in the discussion, as are interest rate discussions once again, and they discuss the data to expect in the days ahead. The sectors today were at one point all in negative territory with only 15% seeing gains so they discuss this performance and look at the stocks that caught their attention.

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Morning Report 22 Oct 24: Stocks fall as buyer fatigue kicks in after rally

Mon, 21 Oct 2024 20:09:33 +0000

Wall Street retreats from record highs as investors await additional earnings reports due later in the week. U.S. 10-year Treasury yields reached a 12-week high, reflecting confidence in a strong U.S. economy. Biotechnology company CSL is holding an investor day today, while toll road operator Transurban is set to release its quarterly update. Oil prices rose 2% amid Middle East tensions, and gold reached a new record high. Meanwhile, China cut interest rates by 25 basis points, and Aussie shares are expected to decline as the U.S. dollar pressures industrial metals prices.

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Market Close 21 Oct 24: Gold climbs again as the market nears further record highs

Mon, 21 Oct 2024 05:52:41 +0000

The market has recouped most of the losses of late last week today with 8 out of every 10 stocks seeing gains. Laura and Stevie reflect on the last two weeks of ongoing improvements and the sectors that performed well today with only tech stocks seeing declines. Gold has hit a record high and so they unpack this, and looking at the other side of the coin they discuss the stocks that saw declines. They pre-empt what could be on the cards in the week ahead, and the AGM’s to expect.

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Morning Report 21 Oct 24: Wall Street ends the week at new record highs

Sun, 20 Oct 2024 19:54:39 +0000

Wall Street has ended the week with new record highs, marking the sixth consecutive gain for the broader U.S. market. Earnings season is in full swing, and strong reports, such as Netflix's 11% surge to a record high after beating analyst estimates, have boosted investor confidence. Additionally, rising iPhone sales have lifted Apple shares. Meanwhile, oil prices slumped despite ongoing tensions in the Middle East. Gold reached a new record high, pulling silver prices up as well. Looking ahead, futures point to solid gains for Aussie shares on Monday.

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Market Close 18 Oct 24: ASX back-pedals after China data-dump

Fri, 18 Oct 2024 06:02:42 +0000

The Australian market declined after mixed data from China today, Australia's largest trading partner. Despite reaching record highs earlier in the week, the market is set to lose those gains due to concerns over China's economic performance, particularly in property investment and GDP growth. Domestically, financials led sector gains, while energy and utilities suffered. Key stock movements included Regis Resources' gold-fuelled surge and Flight Centre’s sharp drop due to an uncertain outlook. Looking ahead, attention will focus on major earnings reports from Tesla and Amazon, along with local AGMs and quarterly updates.

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Morning Report 18 Oct 24: Dow and S&P 500 flirt with record highs as chip stocks and retail data support markets

Thu, 17 Oct 2024 19:57:31 +0000

Wall Street consolidates on signs of a strengthening U.S. economy, with retail sales as a key highlight. U.S. bond yields surge as traders scale back expectations of Fed rate cuts. In Europe, German shares reach record highs after the ECB lowers interest rates. Meanwhile, Aussie shares are set to decline as a robust job market dashes hopes for an RBA rate cut.

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Market Close 17 Oct 24: No hope for interest rate cuts?

Thu, 17 Oct 2024 05:44:45 +0000

The ASX200 hit a new record high, up 0.7%, marking the second record this week, despite stronger-than-expected jobs data. The Australian labor market added 64,100 jobs, far exceeding expectations and dampening hopes for an imminent rate cut, now more likely in early 2024. While most sectors performed well, materials and tech stocks saw declines, though financials provided solid support, with AMP surging 17%. Uranium miners also rallied. Key events to watch include upcoming US and China economic reports, likely influencing tomorrow's market.

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Morning Report 17 Oct 24: Wall Street rotation is back as small caps rally

Wed, 16 Oct 2024 20:00:04 +0000

Wall Street recovers as buyers return to the market following yesterday's retreat. The transport sector saw significant gains, with Morgan Stanley's United Airlines surging after strong earnings, marking its biggest rise since 2020. Tech stocks remained flat after yesterday's plunge, with ASML, which led the chip stock decline, dropping another 7%. Meanwhile, the U.S. dollar hit a 10-week high on the Fed outlook and potential Trump win. Closer to home, Australian shares are expected to rise ahead of key jobs data.

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Market Close 16 Oct 24: Gold stocks sparkle despite share market decline

Wed, 16 Oct 2024 05:44:23 +0000

The Australian market pulled back slightly from its recent record high, following a decline in U.S. markets. Financial and property sectors were the only ones in positive territory, buoyed by strong earnings from U.S. banks. Bank of Queensland shares surged 6% despite mixed results, while Baby Bunting rose after brokers raised their price targets. The tech sector took a hit, driven by concerns over U.S. AI chip export restrictions. Meanwhile, energy stocks fell due to declining oil prices, and gold miners thrived as the price of gold neared record highs. Key economic data, including jobs growth, could influence the RBA's interest rate decisions in the coming months.

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Morning Report 16 Oct 24: Stocks halt rally as Nvidia and ASML get crushed

Tue, 15 Oct 2024 19:53:30 +0000

Wall Street ended lower yesterday, weighed down by a sharp decline in chip stocks, with ASML logging its largest one-day drop in 26 years. According to a BofA survey, global equity optimism is rising, with expectations of avoiding a recession. Meanwhile, Apple shares reached a record high following the announcement of a new iPad mini. Oil plunged 4% as concerns over Iran supply disruptions eased, and iron ore prices fell due to a weaker global steel outlook. Locally, Aussie shares are expected to retreat from record highs on Wednesday.

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Market Close 15 Oct 24: ASX hits record high buoyed by miners & banks

Tue, 15 Oct 2024 05:25:04 +0000

The Australian stock market reached new record highs, driven by gains in the materials and financial sectors. Financials have been a standout performer, up 25%, while miners continue to lag behind, down 8%. Energy stocks struggled, reflecting a global easing in oil price fears. Notable company performances include HUB24, which hit an all-time high due to record inflows, and Baby Bunting, which despite recent losses, saw a 7% gain after a positive quarterly update. Upcoming US earnings reports and speeches from key financial figures are events to watch.

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Morning Report 15 Oct 24: Wall Street hits all-time highs as earnings set to kick into high gear

Mon, 14 Oct 2024 19:56:09 +0000

Technology stocks lead Wall Street higher as investors await earnings reports. In the U.S., bond markets are closed Monday for Columbus Day. Nvidia has reached new record highs, boosting chip stocks, while oil prices slumped as OPEC lowered its demand forecast. The U.S. dollar hit a nine-week high after China’s lending and trade data fell short of expectations. Closer to home, Australia’s AGM season steps up, with Telstra in the spotlight.

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Market Close 14 Oct 24: The market moving events that we could see this week

Mon, 14 Oct 2024 06:01:40 +0000

The week has started off well coming close to a record high following a strong performance from US markets. Laura and Stevie unpack the mixed performance of the sectors with mining stocks the standouts today and look to what to watch in the week ahead with a lot of data and information that could impact local markets. They discuss the company announcements that came out today including news out on Ansell and Lifestyle Communities and the stocks that saw the largest moves.

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Morning Report 14 Oct 24: Wall Street surges to new record highs

Sun, 13 Oct 2024 19:56:06 +0000

The broader U.S. market has reached a new record high for the 45th time this year, driven by gains in bank stocks. JP Morgan rose 4% on encouraging earnings, providing a boost to Wall Street. In corporate news, Tesla shares plunged nearly 9% after a disappointing Robotaxi event, while Uber surged 11% on a surprise earnings report, hitting an all-time high. Meanwhile, investors remain cautious after Chinese stimulus measures fell short of expectations. Despite mixed commodity prices, the Aussie dollar strengthened, and futures suggest solid gains for the ASX 200.

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Market Close 11 Oct 24: Investors await key US inflation and earnings reports

Fri, 11 Oct 2024 06:03:47 +0000

It was a quiet session today but the week still looks set to finish higher. Unpacking the session solo Laura reflects on a week that has seen record performances, following suit with US markets which were fuelled by inflation numbers that came in higher than anticipated. Laura deep-dives into these inflation figures, the stocks that caught her attention today, and looks to what could move markets in the week ahead.

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Morning Report 11 Oct 24: Wall Street dips slightly after higher-than-expected inflation and unemployment data

Thu, 10 Oct 2024 19:55:08 +0000

U.S. CPI rises more than forecast, stalling inflation progress, while jobless claims hit a yearly high due to Hurricane Helene. AMD launches an AI chip to rival Nvidia. Oil prices surge 4% amid U.S. storm impacts and Israel-Iran tensions, while copper rebounds ahead of expected China stimulus. Meanwhile, Aussie shares are likely to end the week lower due to uncertainty around China's fiscal policies.

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Market Close 10 Oct 24: Rio snaps up lithium giant Arcadium

Thu, 10 Oct 2024 05:28:33 +0000

Aussie stocks rebounded today with the ASX200 up by roughly a third of a percent, nearing a record high, despite some midday fading. Mining and energy sectors led the charge, fuelled by hopes for Chinese stimulus and Rio Tinto's $10 billion acquisition of Arcadium Lithium, its biggest deal in 17 years. Lithium miners surged, with Arcadium's shares up 39% and optimism spreading across the sector. In the US, all eyes are on inflation data, which could influence upcoming interest rate decisions. Meanwhile, companies like Netwealth and Cochlear made gains on positive updates and dividend payments.

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Morning Report 10 Oct 24: S&P 500 on track for all-time high before U.S. inflation data

Wed, 09 Oct 2024 19:58:09 +0000

The S&P 500 is steadily approaching record highs, driven by gains in technology stocks as investors largely shrugged off geopolitical concerns in the Middle East. The Federal Reserve's meeting minutes revealed a robust debate over the size of the September rate cut, while U.S. 10-year Treasury yields have risen for six consecutive sessions. In corporate news, Alphabet shares dropped amid a historic Big Tech antitrust case, and Tesla shares also fell ahead of its Robotaxi launch. Meanwhile, Rio Tinto is making a significant move into lithium, and oil prices have declined as U.S. crude inventories increased. On the other side, Australian shares are expected to rise, supported by a rebound in iron ore prices, while the Australian dollar has weakened against a stronger U.S. dollar.

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Market Close 09 Oct 24: Sluggish Chinese markets weigh on local stocks

Wed, 09 Oct 2024 05:45:11 +0000

The market has edged slightly higher today with declines coinciding with those seen on the Chinese market. Laura and Stevie unpack this performance which saw local markets run out of steam as the session went on, and how the resource space was impacted. Many of the sectors saw improvements today in excess of 1%, oil and iron ore prices are in focus, and they look to the things to watch including dividend payments and another speech from the RBA.

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Morning Report 09 Oct 24: Magnificent 7 rally as Nvidia's winning run hits 13%

Tue, 08 Oct 2024 19:52:48 +0000

A rally in the world’s largest tech companies is driving stocks higher today, with the market rebounding from its worst session in a month. U.S. Treasury yields have stabilised as traders anticipate gradual Fed rate cuts. Meanwhile, PepsiCo has lowered its revenue outlook as North American consumers cut back on snacks. Oil prices have dropped amid the prospect of a ceasefire in Lebanon, while Chinese stocks and metal prices slump due to disappointment over China’s stimulus efforts. Closer to home, a muted start is expected for Australian trade ahead of the Reserve Bank of New Zealand's rate decision, and the Australian dollar has weakened following dovish RBA meeting minutes.

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Market Close 08 Oct 24: A choppy session for the Aussie market following data out of China

Tue, 08 Oct 2024 05:51:01 +0000

The Aussie market started flat today before progressing into a ‘choppy’ session. US markets were down overnight in response to jobs data, Laura reflects on this and the impact that this had on local markets, and China is in focus once more amid disappointment around further stimulus packages. Laura unpacks the performance of each of the sectors, the latest RBA minutes regarding interest rate cuts, and the upcoming economic data that could move markets.

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Morning Report 08 Oct 24: Dow tumbles almost 500 points as US 10-year treasury yield tops 4%

Mon, 07 Oct 2024 19:50:39 +0000

Wall Street technology stocks are under pressure as expectations for Fed rate cuts diminish. Oil prices rise 3% due to increased Middle East war risks, while insurance stocks plunge as Hurricane Milton intensifies to Category 5 near Florida. In China, markets reopen after Golden Week, with iron ore advancing on hopes for further China stimulus. Locally, the RBA is set to release its September meeting minutes, while Aussie shares and the dollar are weighed down by risk-off sentiment.

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Market Close 07 Oct 24: Markets bounce back in late trade

Mon, 07 Oct 2024 05:59:57 +0000

The market started off flat today but has shot higher as the session went on ultimately recouping many of the losses of last week. US data at the end of last week gave a positive lead in to the session and Laura and Stevie unpack this. Four of the 11 sectors have seen declines but these are being counteracted by the performance of the financial sector, lithium miners are among the best performers today, and interest rates remain in focus.

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Morning Report 07 Oct 24: Dow Jones jumps 300 points to a record close on Friday

Sun, 06 Oct 2024 19:52:33 +0000

The Dow Jones closed at a record high on Friday and the NASDAQ rose over 1% following a stronger-than-expected jobs report. This report has lowered expectations for rate cuts and pushed the US dollar to a seven-week high. US bank stocks also hit record highs ahead of their earnings reports later this week, while US bond yields saw their largest increase since April. Meanwhile, Rio Tinto is in talks to acquire lithium miner Arcadium. Closer to home, Aussie shares are expected to open higher, supported by rising oil prices.

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Market Close 04 Oct 24: Markets slide ahead of key US data

Fri, 04 Oct 2024 07:08:59 +0000

It's been a rollercoaster week for the Aussie sharemarket, ending with a drop of around 55 points, breaking a recent winning streak. Despite early-week gains, the market finished down, with mining and banking sectors leading the losses. However, the energy sector was the standout, surging nearly 7% over the week, driven by rising oil prices amid geopolitical tensions in the Middle East. Dividends were also a highlight, with over $11 billion paid out, including major players like BHP and CSL. Looking ahead, key events include US job data, Australian RBA minutes, and more dividend payouts.

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Morning Report 04 Oct 24: Dow Jones closes nearly 200 points lower as oil spikes 5%

Thu, 03 Oct 2024 21:01:39 +0000

October has had a rocky start, with Middle East conflicts raising concerns over oil supply. Strong U.S. services sector data has pushed the U.S. dollar to a six-week high. In company news, Levi Strauss shares fell after delivering a disappointing revenue outlook, though the company hopes its new campaign for Levi's Jeans featuring Beyoncé will boost sales. Meanwhile, Tesla's top data executive is departing ahead of their upcoming Robotaxi event. Locally, Australian shares are expected to slip as material stocks decline, with home lending data set to be released today.

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Market Close 03 Oct 24: Huge day for dividend payments

Thu, 03 Oct 2024 06:33:51 +0000

The Australian market remained flat today, with the ASX200 barely moving despite earlier declines. Investors were cautious due to escalating Middle East tensions, which drove mixed performances across sectors. Energy stocks, typically buoyed by rising oil prices, saw sluggish performance due to weak coal stocks like New Hope, which also traded ex-dividend. Real estate stocks outshone others, while financials and materials dipped. A major highlight was the $7.5 billion in dividend payouts from BHP and Woodside, contributing to one of the year’s biggest days for dividends. Despite market volatility, companies like Fletcher Building and Sigma Healthcare saw strong gains due to positive broker outlooks and merger news.

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Morning Report 03 Oct 24: Dow inches higher as Middle East tensions weigh on markets

Wed, 02 Oct 2024 20:56:06 +0000

US investors remain cautious, reflecting on recent economic and geopolitical developments. Strong job data has dashed hopes for a second major Fed rate cut. In corporate news, Nike shares declined after postponing its investor day due to an upcoming CEO change. Salesforce gained on AI initiatives while Tesla shares fell after the EV maker misses delivery estimates. In Australia, markets are expected to open flat, pressured by tensions in the Middle East.

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Market Close 02 Oct 24: Energy stocks take the spotlight today amid a sluggish performance

Wed, 02 Oct 2024 06:38:46 +0000

The market has closed slightly down again today. Laura and Stevie discuss this performance and the international news which may have aided this move. Energy stocks were the clear winners today recouping some of their recent losses and with only three sectors seeing gains they reflect on how those sectors impacted the overall market performance. They discuss the stocks that saw significant moves today with KMD Brands and Sigma Healthcare getting attention, and look to the days ahead.

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Morning Report 02 Oct 24: Wall Street drops to start October as Middle East tensions intensify

Tue, 01 Oct 2024 20:55:23 +0000

Global equity markets have retreated amid escalating Middle Eastern tensions, with oil prices surging 5% after Iran's missile attack on Israel. The tensions have also driven bond yields lower, boosted gold, and strengthened the US dollar. Meanwhile, a major US port strike could cause inflation. Technology stocks saw a sharp decline, with Apple shares falling as analysts and investors debate demand for the latest iPhone. Closer to home, Australian shares are set to edge modestly higher as the new quarter begins.

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Market Close 01 Oct 24: ASX slips from record high

Tue, 01 Oct 2024 06:29:44 +0000

We have ended the three-day winning streak today as the market looks set to close with one of the worst days in a month. Laura and Stevie reflect on this recent solid performance thanks in part to the first US rate cart and stimulus out of China and look to what could be ahead for this month based on historic data. Interest rates remain in focus with hopes of a significant cut in November dulled, they unpack the latest consumer spending data, and look at the performance of individual stocks and sectors.

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Morning Report 01 Oct 24: S&P 500 posts record close to cap a winning month and quarter

Mon, 30 Sep 2024 20:57:11 +0000

It’s the first day of a new month and Wall Street has seen modest gains following Fed Chair Jerome Powell’s comments. The S&P 500 secured its fourth consecutive quarter of gains, marking its longest winning streak since 2021. In company news, Tesla shares surged ahead of its Robotaxi debut. Meanwhile, Chinese markets are closed for Golden Week. Locally, the ASX 200 posted its best September quarter since 2013, though Aussie shares are expected to slip from record highs on Tuesday.

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Market Close 30 Sep 24: Record highs to end the month and quarter for Aussie stocks

Mon, 30 Sep 2024 06:59:10 +0000

It was a strong close for Australian stocks at the end of the month and quarter, with the ASX 200 rising 0.7%, marking three consecutive days of gains. The materials sector outshone others, bolstered by China's economic stimulus, pushing miners like BHP and Rio Tinto up by 11% over September. Key drivers of market performance included easing U.S. inflation and the potential for another interest rate cut in the U.S. in November. A2 Milk’s stock surged, driven by China's economic stimulus and expansion talks, while energy stocks rebounded following recent dips. Investors also closely monitored commodities, with gold falling despite a strong week.

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Morning Report 30 Sep 24: US investors celebrate inflation figures as Dow hits new record high

Sun, 29 Sep 2024 21:01:00 +0000

Join Tom and Ryan as they discuss the week ahead in Aussie and global markets.
US markets rose for the third consecutive week, with the Dow Jones closing at a record high, driven by a strong performance in energy stocks. In corporate news, US retailer Costco dropped nearly 2% following weaker earnings. Oil prices increased on Friday as investors weighed Chinese stimulus measures against rising Middle Eastern supply. Chinese interest rate cuts also boosted iron ore prices. Meanwhile, the ASX 200 is expected to open higher on Monday, ahead of key Chinese manufacturing data and earnings reports from Liontown Resources.

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Market Close 27 Sep 24: Aussie stocks close in on fresh all-time highs

Fri, 27 Sep 2024 06:58:43 +0000

The Aussie share market experienced a volatile week, with a modest 0.03% weekly gain, narrowly missing a new record high. Mining stocks surged due to Chinese stimulus, but financials struggled as funds flowed out of banks and into materials. Inflation data in Australia was in line with expectations, but core inflation remains above target, keeping rate cuts in focus. The Reserve Bank held rates steady, while US inflation and upcoming jobs data are key indicators for the next moves in interest rates. A2 Milk stood out with a sharp stock price rise, halted due to speculation of a potential acquisition.

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Morning Report 27 Sep 24: S&P 500 closes higher to post fresh record

Thu, 26 Sep 2024 21:02:27 +0000

Improved earnings and economic news drove Wall Street to record highs, with Micron Technology posting its largest gain in 13 years due to AI-driven demand. Positive U.S. economic data has reinforced expectations of a soft landing, while China accelerated its stimulus efforts. Gold reached record levels, but silver stood out, hitting a 12-year high. In contrast, oil slipped 3% on the prospect of increased output. Meanwhile, Australian shares are set to rise as iron ore prices surpass $100 USD.

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Market Close 26 Sep 24: Best day in two weeks

Thu, 26 Sep 2024 06:33:03 +0000

The ASX 200 saw its first rise of the week, nearly recouping earlier losses and approaching a record high. The materials sector, benefiting from China's stimulus, surged, while financials rebounded slightly after a rough start to the week. Consumer discretionary stocks also performed well, led by Aristocrat Leisure, which hit an all-time high. Meanwhile, the energy sector struggled due to falling oil prices. Brickworks saw significant gains despite posting a loss, largely due to its long-standing dividend growth. Tomorrow will be a major day for dividend payments, with CBA and Fortescue leading the pack.

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Morning Report 26 Sep 24: Dow Jones falls nearly 300 points snapping a 4-day winning streak

Wed, 25 Sep 2024 20:59:27 +0000

The S&P 500 has retreated from its record highs, with information technology among the most improved sectors. Meta Platforms shares rose after unveiling a new VR headset, entering competition with Apple's device released in February. Meanwhile, oil stocks dropped more than 2% on concerns about Libyan supply. Closer to home, Australian shares are expected to open higher on Thursday, as miners look to China for further gains. However, Australian inflation hit a three-year low, putting pressure on the Aussie dollar

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Market Close 25 Sep 24: Softer inflation fails to inspire Aussie stocks

Wed, 25 Sep 2024 06:49:55 +0000

The ASX experienced volatility today, initially opening higher before declining by 0.25% as softer inflation data briefly boosted the market. Australia's headline inflation fell to 2.7%, a three-year low, but core inflation remains above the RBA's target. Mining stocks surged, driven by China's significant stimulus measures, with iron ore prices rising and BHP up 3.5%. The Australian dollar also hit a 69-cent high, influenced by China’s stimulus and the RBA's stance on interest rates.

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Morning Report 25 Sep 24: US stock market rally propped up by Nvidia’s climb

Tue, 24 Sep 2024 20:57:19 +0000

Wall Street hit new record highs, led by the S&P 500, as mining stocks surged. However, U.S. consumer confidence dropped to its lowest in three years amid concerns about the labour market and broader economy. Meanwhile, China announced its largest stimulus since the pandemic, lifting oil prices by 2% and driving copper to a 10-week high. Locally, Aussie inflation is set to hit a 3 year low but don’t expect a rate cut.

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Market Close 24 Sep 24: Interest rates remain on hold. How did the market respond?

Tue, 24 Sep 2024 06:31:23 +0000

The Aussie market remained flat today amid a decision to leave interest rates unchanged. Laura and Stevie unpack this expected move and how the local market reacted as a result. They look at the performance of the sectors with materials seeing huge gains, but financials dropping a similar amount and offsetting the gains. Iron ore is in focus, Coles and Woolworths continue to struggle following the headlines of yesterday, and uranium miners are seeing gains.

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Morning Report 24 Sep 24: S&P 500 and Dow Jones Index hit fresh closing record highs

Mon, 23 Sep 2024 21:00:51 +0000

Wall Street consolidates last week's gains with Fed officials leaving the door open to further rate cuts. Intel shares rose on speculation of a Qualcomm takeover, while ASX lithium stocks will be in focus today following Albemarle's 3% gain. Hopes for China stimulus increase after the PBOC cut rates. Oil prices tumbled on weaker manufacturing data, while gold hit another record high. Meanwhile, a flat start is expected in Australia on Tuesday ahead of the RBA's interest rate decision

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Market Close 23 Sep 24: The Aussie market eases from record high

Mon, 23 Sep 2024 06:54:56 +0000

Steve is rolling solo today as the market slips ahead of what will be a data heavy week. Reflecting on the recent record highs Steve deep-dives into why we could be seeing this breather and unpacks each of the sectors with several still seeing gains. Coles and Woolworths are in the news today and their share prices came under pressure as a result, Webjet is seeing some changes, and REA Group continue with their takeover attempts. A number of mining companies performed well today, and Steve looks at what to expect in the week ahead both locally and internationally.

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Morning Report 23 Sep 24: ASX set to drop from record as traders brace for more RBA hawkishness

Sun, 22 Sep 2024 20:54:16 +0000

The Dow Jones closed at a fresh record high following a winning week, with investors still digesting the significant Fed rate cut. In company news, FedEx raised concerns about U.S. economic growth as their customers are shifting to cheaper and slower delivery options. Nike shares surged 7% after announcing a new CEO, while Intel shares climbed on reports of a Qualcomm takeover approach. Gold hit a fresh record high, and oil prices rose, though questions remain about the sustainability of its recovery. Locally, Australian shares are under pressure ahead of the RBA meeting and inflation data release this week.

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Market Close 20 Sep 24: Winning streak continues for ASX 200

Fri, 20 Sep 2024 06:57:29 +0000

The ASX 200 continued its winning streak today amid news of Japan holding rates steady and U.S tech stocks surging on hopes of further cuts. Locally, commodity prices rose due to a weaker U.S. dollar, benefiting miners and energy stocks, though lithium miners struggled. The August jobs report showed strong part-time job growth, while RBA economists pushed rate cut expectations to December. Next week, investors will be watching the RBA's rate decision, inflation updates, and significant dividend payouts from major companies.

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Morning Report 20 Sep 24: Dow Jones and S&P 500 hit record highs on euphoria over Fed rate cut

Thu, 19 Sep 2024 21:01:27 +0000

Wall Street celebrates as stocks surge, with the S&P 500 notching its 39th record in 2024 and the Dow Jones reaching 42,000 points for the first time. U.S. jobless claims have fallen to their lowest level since May, signalling a strong labour market. In Europe, the Bank of England has held interest rates steady. In commodities, copper, oil, gold, and iron ore all rose, with iron ore boosted by hopes for a China stimulus. Locally, Australian shares are on track to hit a fourth record high.

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Market Close 19 Sep 24: ASX 200 hits third-straight all-time high

Thu, 19 Sep 2024 06:31:03 +0000

The ASX 200 hit a fresh record high today after the US Federal Reserve announced a mammoth 50 basis-point rate cut. While U.S. markets initially surged on the news, they later dipped when Fed Chair Jerome Powell hinted at smaller rate cuts ahead. Australia's jobs data surprised with higher-than-expected part-time job growth, though full-time jobs fell. Mining and energy stocks rebounded, but healthcare and industrials struggled, with ALS Ltd dropping sharply after a disappointing trading update.

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Morning Report 19 Sep 24: Stocks hit record highs after Fed’s supersized rate cut

Wed, 18 Sep 2024 21:00:24 +0000

Wall Street ended lower despite the US Federal Reserve announcing a 50 basis point interest rate cut, the first in four and a half years. Join Tom and Ryan as they discuss the market's response, including the S&P 500 and Dow Jones hitting record highs, with small caps and regional banks outperforming, while utilities and technology stocks weighed down Wall Street. Closer to home, Aussie shares are expected to dip ahead of a key jobs report

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Market Close 18 Sep 24: Market treads water ahead of US rate cut and Aussie jobs data

Wed, 18 Sep 2024 06:39:38 +0000

The ASX saw modest movement today, briefly hitting a new record high but largely treading water ahead of key events. The US Federal Reserve's much-anticipated decision on a potential rate cut is expected to significantly impact global markets, with a possible 50 basis point reduction under consideration. Australian jobs data, set to release tomorrow, will also be closely monitored. On the corporate front, Harvey Norman is facing legal action over allegedly selling unnecessary warranties, while Synlait narrowly avoided bankruptcy through a shareholder-backed capital raise. The materials and healthcare sectors struggled, with miners like BHP and Rio Tinto hit by falling iron ore prices, while utilities and energy stocks performed better due to rising oil prices.

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Morning Report 18 Sep 24: Stocks end with little changed as early gains fade before Fed decision

Tue, 17 Sep 2024 21:02:35 +0000

Anxiety is building ahead of the U.S. Federal Reserve's upcoming rate cut decision, which Ryan has liken to a ‘coin toss’. U.S. Treasury yields rose after a strong retail sales report, while both the S&P 500 and Dow Jones notch all time highs. Microsoft shares surged following the announcement of a $60 billion share buyback program. In contrast, Accenture, the worst performer on the S&P 500, faced setbacks after delaying staff promotions. Locally, the Australian market is expected to dip, ending a four-day winning streak as investors await China's rate announcement.

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Market Close 17 Sep 24: Record highs and a fourth straight day of gains

Tue, 17 Sep 2024 06:30:01 +0000

Stevie joins Laura again today as the Aussie market improved for a fourth straight day that broke record highs. With a US rate cut imminent they discuss the impact that this is having on the market, break down the performance of the sectors with most seeing only slight gains, and talk through the companies trading ex-dividend. They look at the stocks that were on the winners and losers list for today, and they look to the night ahead.

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Morning Report 17 Sep 24: Dow Jones touches new record high as investors rotate out of tech stocks

Mon, 16 Sep 2024 20:58:14 +0000

Wall Street braces as US interest rate futures indicate higher odds of a supersized Fed move. US two-year Treasury yields hit their lowest level since September 2022. Technology stocks were under significant pressure last night, with Apple being the worst performer on the Dow Jones, as its shares fell due to signs of soft demand for the new iPhone 16. In commodities, Goldman Sachs cut its iron ore forecast, while oil prices surged due to hurricane impacts. Locally, Aussie shares are poised to reach a record high.

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Market Close 16 Sep 24: The Aussie market flirts with a record high

Mon, 16 Sep 2024 06:41:30 +0000

Laura is solo today on a positive start to the week for the Aussie market as it has continued to flirt with a record high. Laura reflects on the session which did lose steam as the day went on, discussing investor sentiment amid a sea of international volatility, and unpacks the economic data that we saw out of China this weekend. She talks through the stocks that saw the biggest movements today, the performance of the sectors with four seeing declines, and pre-emptively discusses what we could see in the week ahead.

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Morning Report 16 Sep 24: Aussie shares to test record highs

Sun, 15 Sep 2024 20:56:19 +0000

Join Tom and Ryan as they discuss the upcoming week in Australian and global markets. Last week, Wall Street had its best performance of 2024, following its worst week just prior. The world now braces for a potential Fed easing after a 36-hour rate rollercoaster. Meanwhile, Walmart shares rallied to an all-time high. Locally, gold hit a record high and Aussie shares are expected to test their own record today, although Chinese economic data may weigh on the market.

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Market Close 13 Sep 24: ASX spooked after almost cracking record high

Fri, 13 Sep 2024 06:51:59 +0000

The Aussie market came close to a record high before losing momentum, ending the day up just 0.3%. U.S. inflation data suggests a likely 25 basis point rate cut by the Fed next week, which could spark global market reactions. The Australian market saw mixed sector performances, with materials leading gains due to higher commodity prices, while financials lagged. Gold miners surged after a record high in gold prices, and several companies traded ex-dividend. Looking ahead, key global economic data and central bank decisions, particularly from the U.S., Japan, and the UK, could influence markets. The upcoming Aussie jobs report will also be crucial before the RBA's decision on September 24th.

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Morning Report 13 Sep 24: S&P 500 has its fourth straight winning session

Thu, 12 Sep 2024 20:56:07 +0000

Join Tom and Ryan as they discuss Wall Street's recent performance, highlighting positive trends in the US markets and the impact of inflation data. They also explore how producer price data suggests a smaller US rate cut may be on the horizon. Meanwhile, Nvidia continues its tech rebound, and European shares rise following an interest rate cut by the European Central Bank. Closer to home, Aussie shares are poised for a higher open, supported by a softer US dollar and record-high gold prices.

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Market Close 12 Sep 24: Best day in 4 weeks

Thu, 12 Sep 2024 06:28:24 +0000

The Aussie market had a strong day with all sectors posting gains, pushing the ASX 200 close to its best day in four weeks. This upward trend followed a mixed U.S. inflation report that eased recession fears, boosting global markets. Tech stocks, led by WiseTech, reached record highs, while energy stocks rebounded slightly due to rising oil prices. Financials and materials saw mixed results, with BHP dropping post ex-dividend trading. Meanwhile, lithium and uranium miners experienced notable gains due to supply concerns and strategic shifts, setting the stage for further market activity influenced by upcoming global economic data and decisions.

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Morning Report 12 Sep 24: Inflation data dents hopes for a big Fed rate cut

Wed, 11 Sep 2024 20:57:24 +0000

Technology stocks led Wall Street higher despite a mixed inflation report, with Nvidia spearheading the rebound following the post-CPI sell-off. The world's largest lithium miner surged on production cuts in China, while oil prices jumped as a U.S. Gulf hurricane spurs a short covering. BHP is trading ex-dividend today, and Australian shares are expected to rise ahead of the Commonwealth Bank's household spending insights report

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Market Close 11 Sep 24: Lithium stocks stand out despite ASX fall

Wed, 11 Sep 2024 06:44:26 +0000

The market was flat for the majority of today but dipped slightly toward the end of the session ahead of upcoming inflation reports. Laura and Stevie unpack what could be expected there and how that data could move markets locally. They discuss the stocks that saw the largest moves with some of the best performers of late having been some of the worst today, investigate the company news that moved markets, and whether the presidential debate had any impact.

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Morning Report 11 Sep 24: Stocks shrug off big bank gloom as tech rallies

Tue, 10 Sep 2024 20:54:41 +0000

Wall Street has seen mixed results as investors remained cautious ahead of key inflation data. JP Morgan led a bank sell-off after tempering revenue expectations, while Tesla, Oracle, and Nvidia pushed the NASDAQ higher. Oil prices settled near a three-year low due to a weak demand outlook. Meanwhile, Australian shares are expected to edge higher on Wednesday ahead of the RBA economic update and discussions surrounding REA Group's takeover talks with Rightmove.

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Market Close 10 Sep 24: Markets tread water ahead of US inflation

Tue, 10 Sep 2024 06:20:18 +0000

Laura and Stevie are back on a day which saw a slight lift. Consumer confidence data and discussions around rate changes start the podcast today, and they reflect on the international movements that impacted local markets with data out of China under the microscope and US performance potentially playing a part. With most sectors in the green there was fresh records to be seen today, and Apple was in focus following their announcements overnight.

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Morning Report 10 Sept 24: Bargain hunting pushes Dow Jones almost 500 points higher

Mon, 09 Sep 2024 20:56:21 +0000

US investors pounce on discounted stocks, leading to a rebound in the market. Apple unveiled the iPhone 16 yesterday, showcasing its new AI features. Oil prices edge higher as a hurricane approaches the US Gulf Coast while iron ore ended its six-day losing streak amid hopes for Chinese stimulus. Locally, Aussie shares are expected to rise ahead of business and consumer confidence surveys.

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Market Close 09 Sep 24: Investors await Apple’s annual event

Mon, 09 Sep 2024 06:52:41 +0000

The market dipped slightly today but it could have been worse as Laura and Stevie report. They reflect on a session which bounced back from some of the earlier declines looking into what drove those early drops. US data is in focus with jobs and interest rate decisions in the conversation, and Chinese business and consumer data spoke of a slow economy. Laura and Stevie unpack the impact that this is having back home, discuss the performance of the sectors, and look at the stocks that saw the largest movements.

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Morning Report 09 Sept 24: Wall Street slumps as figures reveal cooling jobs market

Sun, 08 Sep 2024 20:55:06 +0000

Wall Street slumps as investors worry over weakening job growth and debate the potential for larger rate cuts ahead of key inflation data. Technology stocks were hit hard, with the NASDAQ dropping 6% last week due to growth concerns. Apple’s annual iPhone event, launching the iPhone 16, begins today and is a key event to watch. Locally, the ASX 200 is expected to open 1% lower on Monday, with energy stocks in focus following a 2% decline in oil prices

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Market Close 06 Sep 24: Worst week of the year for energy & mining stocks

Fri, 06 Sep 2024 06:40:58 +0000

The ASX saw a slight recovery today, however, global markets remain nervous ahead of the key U.S. non-farm payrolls report tonight, which could influence interest rate decisions and recession fears. This week, energy and mining stocks in Australia had their worst week of the year, weighed down by lower commodity prices, ex-dividend trades, and concerns over slowing economies in the U.S. and China. While tech giant Nvidia's massive 10% drop this week underscored tech sector volatility, major banks like CBA performed strongly, reaching record highs. Looking ahead, next week will be quieter locally, but critical inflation data from the U.S. and a European Central Bank meeting will shape global market movements.

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Morning Report 06 Sept 24: S&P 500 posts third straight loss as growth fears plague investors

Thu, 05 Sep 2024 20:53:54 +0000

Wall Street has seen mixed results as weak employment data weighed on sentiment, with U.S. private payrolls falling to a three-and-a-half-year low. Ryan also previews the highly anticipated U.S. government payroll data set for release on Friday. In company news, Tesla is preparing to launch a new drive-assist system in China and Europe. Meanwhile, oil prices remain at a 14-month low due to demand concerns, while metal prices firmed. Aussie shares are expected to rise, with the Aussie dollar supported as the RBA maintains its hawkish stance.

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Market Close 05 Sep 24: Ai boom drives tech stocks higher

Thu, 05 Sep 2024 06:33:55 +0000

The Australian stock market managed a modest rebound, with the ASX 200 rising slightly after a significant drop yesterday. U.S. job market data remains pivotal, influencing global markets amid recession fears. Data center stocks surged following a landmark acquisition deal for Air Trunk, highlighting growing demand for data storage amid AI advancements. Meanwhile, energy stocks took a hit due to ex-dividend trading and declining oil prices, while financials and miners saw mixed performances.

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Morning Report 05 Sept 24: Nvidia extends losses after largest market cap drop in history

Wed, 04 Sep 2024 20:59:27 +0000

Wall Street struggles to find composure amid lingering growth concerns. Nvidia is in the spotlight after reportedly experiencing the largest single-day market cap drop in history. Commodities remain under pressure, including oil, which has slumped to its lowest levels since late 2023. Locally, Aussie shares are expected to open flat on Thursday ahead of a key speech by Reserve Bank Governor Michelle Bullock.

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Market Close 04 Sep 24: Worst day in a month for Aussie stocks

Wed, 04 Sep 2024 06:41:41 +0000

Laura would rather ‘stare directly into the sun’ than look at the market today. An odd admission, but one fuelled by the poor performance of the Aussie market which saw significant declines following drops in the US market. Data out of China also weighed on the market so they discuss this, and look at the local economic data that played a part. With all 11 sectors down they look at their individual performances, oil prices are in conversation, and they look to what could lie ahead.

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Morning Report 04 Sept 24: Wall Street starts September with worst day since August 5 global sell-off

Tue, 03 Sep 2024 20:55:09 +0000

Wall Street took a sharp downturn, experiencing significant sell-offs driven by growth concerns, reminiscent of August's market drop. Nvidia shares plunged 10%, leading chip stocks to their worst day since March 2020. The sell-off also impacted commodity prices, with oil slumping 5% amid hopes for a resolution to the Libyan dispute, and copper falling to a two-week low on concerns about Chinese demand. Meanwhile, Australian shares are expected to decline ahead of key economic growth data.

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Market Close 03 Sep 24: Dividends weigh on Aussie stocks

Tue, 03 Sep 2024 06:28:42 +0000

It has been a quiet start to the month after a rocky August, with Laura describing the session today as ‘directionless’ with the US market shut. Laura and Stevie look at the performance of the sectors which was evenly split across gains and declines with materials and consumer staples seeing some losses. They look at the stocks that caught their eye as CBA hits record highs once again, discuss the large number of stocks trading ex-dividend, and look to what to expect as the US market reopens.

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Morning Report 03 Sept 24: Wall Street closed for Labor Day holiday

Mon, 02 Sep 2024 20:59:25 +0000

Northern hemisphere markets remain neutral as Wall Street celebrates Labor Day. German stocks reached a record high despite its ongoing political uncertainty. Meanwhile, Rightmove shares surged following REA Group's bid, while iron ore experienced its steepest decline in two years. Locally, Aussie shares are expected to open slightly higher, ex-dividend stocks are in focus and the Aussie dollar has risen as the Greenback weakens ahead of the upcoming jobs report.

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Market Close 02 Sep 24: Star Entertainment Group suspended from trading on the ASX

Mon, 02 Sep 2024 06:50:40 +0000

It was a mixed performance for the Aussie market today with reporting season having come to a close. Laura and Stevie reflect on a session which started with declines but gradually clawed those losses back to finish in the green. They reflect on the performance of the last month and look at the stocks that drove the gains today. They dive into the performance of each of the sectors, Gold prices are in the conversation, and they discuss the stocks that caught their attention including REA Group and Star Entertainment.

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Morning Report 02 Sept 24: Dow Jones hits second consecutive record high

Sun, 01 Sep 2024 21:05:48 +0000

Wall Street has ended August on a high note, with record highs for the Dow Jones and S&P 500. The U.S market posted its fourth consecutive month of gains as the stock rally broadened ahead of upcoming job data. Earnings growth has been particularly strong in the technology, financial, and healthcare sectors. However, U.S oil prices plunged by 3% as OPEC increased output. This decline, along with falling commodity prices like oil and iron ore, has put pressure on the Aussie market and weakened the Aussie dollar.

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Market Close 30 Aug 24: A flat end to a turbulent month

Fri, 30 Aug 2024 06:59:18 +0000

The Aussie market closed flat, but is likely to end August with a slight decline. Reporting season was mixed, with notable movements like Downer rising 17% after a strong profit report and Appen plunging 16% after losing key contracts. Retail spending was flat in July, aligning with higher costs of living. Looking ahead, key US inflation data and Australian economic growth updates will shape next week’s market focus.

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Morning Report 30 Aug 24: Dow Jones hits record high as share market rally broadens

Thu, 29 Aug 2024 21:04:49 +0000

Wall Street has ended August in neutral, with US economic data suggesting a soft landing for the world's largest economy. The Dow Jones hit a record high, while the NASDAQ declined as Nvidia shares tumbled. Oil prices rose due to supply concerns in Libya and Iraq. Meanwhile, Aussie shares are expected to finish the week on a high, supported by strong commodity prices and recently released retail spending data.

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Market Close 29 Aug 24: Final flurry of profit results

Thu, 29 Aug 2024 06:29:41 +0000

The ASX 200 closed slightly lower despite some gains earlier in the week. The market's performance was influenced by a tough start to August and modest improvements since, with concerns about a US recession and Japan's interest rate hike adding pressure. Nvidia's stellar earnings in the US were overshadowed by doubts about sustained growth, impacting global sentiment. Locally, Westfarmers' higher profits were dampened by a weaker trading outlook, while Qantas and Dusk saw modest gains. As earnings season winds down, eyes are on upcoming retail spending data and further profit results.

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Morning Report 29 Aug 24: Wall Street tumbles as investors brace for Nvidia results

Wed, 28 Aug 2024 20:59:45 +0000

Wall Street retreats as investors eagerly await Nvidia's earnings figures, while Australian shares are set to fall amid declining commodity prices. OpenAI is in talks to raise funding, which would value the company at $100 billion. Meanwhile, Warren Buffett's Berkshire Hathaway has reached a market value of $1 trillion. U.S. retail shares, including Lululemon, PVH, and Foot Locker, are under pressure as the economic outlook deteriorates. Locally, the earnings season is winding down, with previews from Wesfarmers and Mineral Resources.

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Market Close 28 Aug 24: A flat day for the market as inflation data is back in focus

Wed, 28 Aug 2024 06:44:33 +0000

The market has remained flat today with a drop happening ahead of upcoming inflation data, but then settling once those numbers were revealed. Laura and Stevie reflect on the data and how it moved markets breaking down the performance of each of the sectors, discuss the best and worst performers for the day including City Chic and Adairs, and look to the day ahead.

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Morning Report 28 Aug 24: Wall Street pensive ahead of big tech earnings

Tue, 27 Aug 2024 20:58:17 +0000

Wall Street slips into neutral as the market anticipates key earnings reports. Ryan and Tom preview Nvidia’s results, noting that the AI giant could have a greater impact on the market than Jerome Powell's upcoming Jackson Hole speech. Resmed shares surged 7% overnight, while Tesla declined following Canada's imposition of tariffs on Chinese EVs. Oil prices have dropped by 2%, and Woolworths is in the spotlight today as it releases its earnings results. Ryan also previews Australian inflation data, and the Aussie dollar has strengthened due to a weaker U.S. dollar.

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Market Close 27 Aug 24: Australia’s largest miner lifts on earnings results

Tue, 27 Aug 2024 06:29:09 +0000

A number of leading Australian companies have released earnings data today and this, along with a cautious US session has resulted in a modest local decline today. Laura and Stevie reflect on the performance across the month which has been largely led by improvements, and delve into the sectors many of which saw a fall today. Oil prices are in the discussion, copper received a lot of attention, and they look to the upcoming earnings results for the week.

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Morning Report 27 Aug 24: Dow Jones hits record high

Mon, 26 Aug 2024 20:56:35 +0000

Wall Street consolidates following recent gains while technology stocks suffer vertigo ahead of Nvidia's earnings. Apple shares have risen following the announcement of a new iPhone event on September 9th. Oil prices jump 3% due to Middle Eastern tensions, and iron ore reaches a two-week high. Ryan previews Coles and BHP's earnings results and futures point to modest gains for Aussie shares at the open.

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Market Close 26 Aug 24: Eleventh gain in 12 days for Aussie stocks

Mon, 26 Aug 2024 06:57:29 +0000

The U.S. Federal Reserve's recent comments at the Jackson Hole symposium, where Jerome Powell hinted at potential interest rate cuts due to a shift in focus from inflation to rising unemployment, have fuelled market optimism today. Meanwhile, the Australian market has rebounded from a rough start to the month, with sectors like consumer staples and healthcare facing pressure. Key highlights include Pilbara Minerals' significant revenue drop due to falling lithium prices and the strong performance of uranium miners. The week ahead is packed with major earnings reports from companies like BHP, Coles, and Nvidia, as well as important inflation data from both the U.S. and Australia.

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Morning Report 26 Aug 24: Powell's pivot fuels Wall Street rally

Sun, 25 Aug 2024 20:56:56 +0000

Investors celebrate as U.S. Federal Reserve Chairman Jerome Powell signals an imminent drop in interest rates, sparking a surge in U.S. stocks. Oil prices rise as concerns grow over Middle East escalations. A busy week lies ahead for local reporting seasons, with Nvidia kicking things off. Meanwhile, the Aussie share market remains resilient and is expected to begin the week on a positive note, supported by strength in oil and gold producers.

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Market Close 23 Aug 24: Egg-cellent winning streak ends

Fri, 23 Aug 2024 06:52:48 +0000

The Aussie market's impressive 10-day winning streak has come to an end, with the market slipping into slightly negative territory. Key sectors like energy and utilities dragged the market down, influenced by declining oil stocks and coal miners. Whitehaven Coal and Ingham’s experienced significant share price drops following disappointing profit results and analyst downgrades, while Fisher & Paykel and Guzman y Gomez saw gains due to positive updates and strong performance. Investors are also eyeing the Jackson Hole Symposium and upcoming U.S. economic data, which could significantly impact market trends next week.

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Morning Report 23 Aug 24: ASX to end ten day winning streak

Thu, 22 Aug 2024 20:56:33 +0000

Wall Street retreats as investors brace for a speech from Jerome Powell, who is expected to temper market expectations for aggressive interest rate cuts. The NASDAQ slid amid rising Treasury yields, with Powell’s remarks looming. Meanwhile, BMW surpassed Tesla to lead Europe in EV sales while earnings reports from Ingham's Group are anticipated. The ASX is set to open in negative territory, breaking its ten-day winning streak. Oil prices have rebounded after four days of declines, while the Aussie dollar eased as the US dollar gained strength.

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Market Close 22 Aug 24: Ten day winning streak for Aussie stocks

Thu, 22 Aug 2024 06:23:51 +0000

The Australian stock market continued its winning streak, marking ten consecutive sessions of gains, the longest run since 2015. Despite the streak, daily improvements have been modest. The market's resilience comes amidst ongoing reporting season, with mixed company performances. Notable movers include a 20% drop in Megaport due to underwhelming guidance, and strong gains for WiseTech and Brambles. Consumer spending trends are also influencing results, with KFC operator Collins Foods reporting declining sales amid cost pressures. Investors are eyeing upcoming global economic updates and the Federal Reserve's Jackson Hole Symposium for potential market impacts.

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Morning Report 22 Aug 24: Rate cut hopes support Wall Street

Wed, 21 Aug 2024 21:00:33 +0000

Wall Street consolidates as investors increasingly expect the US Federal Reserve to cut rates in September, though the extent of the cut remains uncertain. Several retailers, including Target, have released earnings reports, with Target showing promising gains. Lithium miners are in focus after their latest earnings, while iron ore prices have risen on hopes of Chinese stimulus. Meanwhile, the Aussie share market is on track to extend its winning streak to ten days.

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Market Close 21 Aug 24: Longest winning streak since December 2015

Wed, 21 Aug 2024 06:42:22 +0000

The market started down today but did manage to improve slightly securing the longest winning streak in a decade. With today being the busiest day of the reporting season, Laura and Stevie look at some of the outcomes, the improvement of the tech sector is in focus, and they discuss the drag that is being seen because of the finance sector. Domino’s Pizza, the Lottery Corp, and IAG are among the stocks discussed, and they look to the days ahead.

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Morning Report 21 Aug 24: ASX to slip as Wall Street rally runs out of steam

Tue, 20 Aug 2024 20:59:22 +0000

The S&P 500 and NASDAQ ended lower, breaking an eight-day winning streak. Lowe's shares declined due to weak consumer spending on DIY projects. In contrast, Eli Lilly's shares rose as its weight-loss drug showed promise in reducing the risk of developing type 2 diabetes. Meanwhile, gold reached record highs, and the Australian dollar strengthened as the U.S. dollar hit its lowest level since January.

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Market Close 20 Aug 24: Eighth straight day of gains for Aussie stocks

Tue, 20 Aug 2024 06:12:18 +0000

The Australian share market is on the cusp of its longest winning streak since 2015, having already logged eight consecutive days of gains. However, despite the optimism, today's rise has been modest, impacted by weaker iron ore prices and cautious investor sentiment ahead of central bank meetings. Key sectors like materials and tech are performing well, while property trusts lag behind, with Dexus leading the losses after posting a significant valuation-driven loss. On the corporate front, Baby Bunting and ARB enjoyed strong gains due to positive outlooks, while ANZ highlighted challenges with late mortgage repayments amid persistent inflation. With over 40 companies reporting tomorrow, it's set to be one of the busiest days of the reporting season.

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Morning Report 20 Aug 24: US stock markets post eighth positive session in a row

Mon, 19 Aug 2024 20:58:04 +0000

US stocks are showing a promising recovery from early August losses, with technology stocks leading the gains ahead of Jackson Hole. The Aussie share market is also expected to rise today, supported by industrial metal prices, while the Aussie dollar has reached a one-month high as the Greenback hits a seven-month low.

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Market Close 19 Aug 24: A mixed performance but the winning streak remains alive

Mon, 19 Aug 2024 06:48:14 +0000

The market improved slightly again today edging closer once more to the recent record high. Laura and Stevie discuss the mixed performance that we have seen today with some of the sectors seeing losses but others managing to balance that out. Reporting season continues and so they discuss the data that came out today, gold prices are in the discussion amid new highs, and they look at what to expect as the week continues.

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Morning Report 19 Aug 24: Wall Street posts its best week since 2023

Sun, 18 Aug 2024 20:56:43 +0000

US stocks ended the week on a strong note, with technology stocks rebounding and leading Wall Street’s surge. Concerns about a US recession have eased after better-than-expected economic data, while hopes for lower interest rates are in focus ahead of a key Fed meeting. Meanwhile, the ASX faces headwinds as iron ore prices hit their lowest in two years. Earnings season is in full swing, with many companies releasing reports this week. Westpac is set to deliver a trading update on Monday, and the Aussie dollar is firming as the Greenback moderates.

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Market Close 16 Aug 24: Best day of the month for Aussie Stocks

Fri, 16 Aug 2024 06:50:43 +0000

The ASX had a strong performance today, with the market experiencing its best week of the year, gaining 2.3% and nearing record highs. Global economic data provided a mixed but favorable backdrop, with easing inflation and robust US retail sales boosting investor confidence. Despite challenges, mining and energy stocks led gains, with tech and financial sectors also performing well. Domain shares saw volatility, initially rising before slipping into the red, while Zip surged 13% on a new partnership with Stripe in the US. As the reporting season progresses, anticipation builds for next week's updates from major companies like Domino's, Santos, and Westpac.

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Morning Report 16 Aug 24: ASX to rise for a sixth day as US retail data ignites global rally

Thu, 15 Aug 2024 20:56:09 +0000

Wall Street surges as stronger retail sales boost investor sentiment, while Aussie investors are focused on NAB's trading update today. The S&P 500 and NASDAQ achieved a six-day winning streak, with big-box retailers climbing after Walmart's strong results. Meanwhile, copper and oil prices rise on hopes of a soft landing, while iron ore hits a 14-month low.

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Market Close 15 Aug 24: Five day winning streak for Aussie stocks

Thu, 15 Aug 2024 06:33:54 +0000

The Australian share market is teetering on a fifth consecutive day of modest gains despite a mixed bag of economic data. A surprising surge in job growth saw 58,200 new jobs in July, driving speculation about potential rate cuts, though uncertainty lingers. In the corporate world, Cochlear shares plunged over 7% despite solid profits, while Telstra's shares rose on news of a dividend increase, despite a dip in profits. Notable moves included Treasury Wine Estates benefiting from easing Chinese tariffs, and Pilbara Minerals acquiring Latin Resources, sending Latin's shares soaring.

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Morning Report 15 Aug 24: Encouraging inflation figures push US stocks to a fifth day of gains

Wed, 14 Aug 2024 21:03:10 +0000

US stocks had mixed fortunes despite encouraging inflation data, with US inflation reaching a three-and-a-half-year low. Shelter inflation stood out, accounting for 90% of the overall rise in the CPI for July. Alphabet weighed on the NASDAQ as options are being considered for breaking up the online search giant. Iron ore prices hit their lowest since May 2023, while lithium miners are in focus after Albemarle's 5% drop. Locally, Australian shares are expected to open higher on Thursday ahead of key jobs data, while the Aussie dollar softened overnight.

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Market Close 14 Aug 24: US data results in an encouraging Australian session

Wed, 14 Aug 2024 06:44:44 +0000

US markets were up overnight, and that performance seemed to help things locally. Laura and Stevie unpack the US data which saw the Aussie market up at one point close to 1% and explain how the materials sector limited those gains from going any further. As earnings season continues they discuss the company news that we saw today, look at the best and worst performers, and what data to expect overnight.

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Morning Report 14 Aug 24: NASDAQ closes up 2%, Dow adds 400 points on tame inflation data

Tue, 13 Aug 2024 20:57:50 +0000

Wall Street celebrates as investors react to the latest inflation figures, with softer US producer prices boosting expectations for a rate cut. Technology shares outperform, led by Alphabet as Google unveils its new Pixel smartphones. Starbucks sees record gains following the appointment of a new CEO, while Home Depot faces a weak sales outlook. In Australia, shares are expected to rise ahead of CBA’s earnings results, and the Reserve Bank of New Zealand may cut rates today.

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Market Close 13 Aug 24: Healthcare drags on the Aussie market

Tue, 13 Aug 2024 06:22:04 +0000

The market saw a modest improvement today as investors await a fresh catalyst and upcoming business data as early as tonight may be exactly that. Laura and Stevie unpack the upcoming data and look at the performance of today in detail. Today’s wages data failed to move markets and reflect on the performance of each of the sectors with healthcare dragging on the market. They look at the best and worst performers including Temple & Webster and Seek.

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Morning Report 13 Aug 24: Wall Street on high alert as investors count down to key inflation figures

Mon, 12 Aug 2024 21:00:18 +0000

Wall Street treads water as investors brace themselves for key corporate and economic events, most notably key inflation figures. Gold prices rise, while oil surges for the fifth consecutive session amid Middle Eastern tensions. Locally, investors brace ahead of key wages data and CSL earnings and the Aussie dollar strengthens following the overnight softening of the U.S. dollar.

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Market Close 12 Aug 24: The market starts to recoup following the worst week in 3 months

Mon, 12 Aug 2024 06:53:07 +0000

This week has started on a more positive note than what we saw last week on what Laura is calling “an impressive day”. She is joined by Stevie to reflect on the performance that we saw last week and to discuss the gains of today. Only two of the 11 sectors finished lower but these losses were counteracted by the positive performance of the remaining sectors. They discuss the stocks that caught their attention today including CAR Group Limited, and JB Hi-Fi, and discuss the company news that did and could shift markets.

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Morning Report 12 Aug 24: Aussie shares to start the week firmly higher

Sun, 11 Aug 2024 21:08:00 +0000

Wall Street ended last week with a slight gain after a volatile week, and Aussie shares are expected to recover some of last week's losses. The S&P 500 dipped slightly but was able to stabilize after a significant drop earlier in the week. The upcoming week will provide important economic data, including the US consumer price index, retail spending, and Australian jobs and wages data. Markets are closely monitoring for signs of inflation and potential interest rate cuts, as uncertainty and volatility persist.

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Market Close 09 Aug 24: Strongest gains of the week for Aussie stocks

Fri, 09 Aug 2024 07:00:18 +0000

The Australian stock market ended the week on a positive note, with a 1.3% rise on Friday, partially recovering from a rough start earlier in the week which saw our largest declines in 4 years. The recovery was bolstered by gains across all sectors, especially tech and materials, and positive influences from U.S. markets and Chinese inflation data. Notable stock movements included a sharp rise in Life 360 after strong earnings, and a decline in Neuren Pharmaceuticals following less-than-expected results. Despite Friday's rally, the market still posted its worst weekly decline in over three months, as global economic concerns, particularly from Japan and the U.S., weighed heavily throughout the week. Looking ahead, a busy week awaits with key economic updates and the continuation of the profit reporting season.

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Morning Report 09 Aug 24: S&P 500 notches its best day since Nov 2022

Thu, 08 Aug 2024 21:00:39 +0000

Wall Street surges as investors find comfort in the latest economic news. Positive data has tempered expectations for aggressive interest rate cuts by the US Federal Reserve. Eli Lilly's share price soared after its weight loss drug sales exceeded expectations. On the other hand, dating app Bumble stumbled to record lows due to disappointing outcomes and a failed strategy. Meanwhile, the Aussie dollar rose following hawkish comments from the Reserve Bank Governor.

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Market Close 08 Aug 24: Markets remain cautious

Thu, 08 Aug 2024 06:40:28 +0000

Aussie stocks saw a slight decline on Thursday, leaving the market on track for a significant weekly drop despite a calmer trading environment compared to Monday's sharp fall. Energy and mining sectors struggled, particularly with materials experiencing their fifth consecutive session of losses due to weak demand from China, pushing the sector to its lowest levels since November 2022. Notably, West African gold miners were hit hard following news of a new mining code. In company updates, Qantas shares fell over 2% as former CEO Alan Joyce faced a $9 million cut from his final pay while AMP emerged as the best performer of the day. As the week wraps up, attention turns to upcoming earnings reports from major Australian companies and inflation data from China.

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Morning Report 08 Aug 24: US stocks close lower as markets comeback attempt fizzles out

Wed, 07 Aug 2024 20:59:22 +0000

Wall Street ended lower overnight as recent volatility continues to subside. The US Federal Reserve is unlikely to make an emergency rate cut, while US bond yields rose after a weak 10-year auction and heavy corporate supply. The Japanese yen slumped after the Bank of Japan talked down rate hikes. Disney shares also dropped as demand for theme parks weakened. The ASX is expected to slip, dragged down by industrial metal prices, and the Aussie dollar eased on weak Chinese economic data.

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Market Close 07 Aug 24: Improvements continue for the Aussie market

Wed, 07 Aug 2024 06:32:54 +0000

There were small gains for the market today as it slowly recoups the losses of Monday which was the worst day in almost four years. Laura and Stevie reflect on this gain and look at the data that has aided it. Japan is back in the conversation today as interest rates enter the discussion, The US looks to have another positive start to their next session, and they look at the sectors with a number of them seeing gains in excess of 1%.

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Morning Report 07 Aug 24: US share markets snap three day losing run in broad relief rally

Tue, 06 Aug 2024 21:05:55 +0000

Markets have found some calm after experiencing their worst sell-off in two years, which was caused by the unwinding of the carry trade. Comments by Fed officials have eased US recession worries, while Japanese shares posted their best day since 2008. Meanwhile, Australian shares are expected to dip after the RBA ruled out an imminent rate cut, with their hawkish commentary on inflation leading to a rise in the Australian dollar.

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Market Close 06 Aug 24: The dust settles after the market’s biggest tumble in four years

Tue, 06 Aug 2024 06:40:14 +0000

The market has settled somewhat today after yesterday’s tumble which was fuelled by international data out of the US and Japan. Laura is back with Stevie this afternoon to reflect on our recent local performance and to unpack the bounce back following the RBA’s interest rate decision. They look at the sector performance across the board, discuss the biggest movers, and look at what could be ahead with the US market expected to open higher overnight.

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Morning Report 06 Aug 24: Dow tumbles 1000 points and S&P 500 posts worst day since 2022

Mon, 05 Aug 2024 21:02:04 +0000

Wall Street experienced its third consecutive session of selling momentum, leading to a plunge in US stocks. The ASX is expected to open lower ahead of today's Reserve Bank interest rate decision. The 10-year US Treasury yield dropped to its lowest level in over a year, oil prices hit a seven-month low, and metal prices fell to a four-month low. Meanwhile, the Aussie dollar firms as the US dollar sank to a seven-month low.

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Market Close 05 Aug 24: Largest decline in years for Aussie stocks

Mon, 05 Aug 2024 06:41:41 +0000

Global markets faced one of their largest drops in years, with the ASX 200 experiencing it's steepest decline since May 2020. This drop follows disappointing economic data from the U.S., where slower-than-expected job growth and rising unemployment rates have raised concerns about an impending recession. Additionally, big tech stocks like Amazon and Intel posted significant losses, contributing to a correction in the tech-heavy NASDAQ. The Japanese market entered a bear market after interest rate hikes, and other regional markets, including Taiwan and South Korea, also saw significant declines. In Australia, almost all sectors were down, with attention now shifting to the Reserve Bank of Australia's upcoming interest rate decision due to be handed down tomorrow.

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Morning Report 05 Aug 24: Growth fears haunt Wall Street

Sun, 04 Aug 2024 21:00:04 +0000

Wall Street falls as investor fears shifted towards a slowing economy, with US recession concerns affecting the ASX. Technology stocks are under pressure as investors worry about the AI runway, and the NASDAQ has entered correction territory following weak US jobs reports. The ASX is set to open sharply lower, with oil prices hitting an eight-month low.

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Market Close 02 Aug 24: ASX records worst day since March 2023

Fri, 02 Aug 2024 06:49:08 +0000

The Aussie share market experienced its worst day of the year, with almost 90% of stocks in the red. This decline followed two consecutive days of record highs and could be attributed to profit-taking by investors. The US market also saw a slump, particularly in technology stocks, due to disappointing economic data. Key events to watch next week include the upcoming US jobs data and the Reserve Bank of Australia's interest rate decision.

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Morning Report 02 Aug 24: ASX to plunge as US stocks routed on economic worries

Thu, 01 Aug 2024 21:08:20 +0000

Join Tom and Ryan as they discuss the week ahead in Aussie and global markets. Wall Street falls on growth concerns, while Amazon plunges 5% on weaker-than-expected results. The Bank of England cuts interest rates for the first time in four years, and European automakers struggle with earnings misses. The chip stock route resumes, and falling commodity prices weigh on the Aussie dollar.

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Market Close 01 Aug 24: New month, fresh highs

Thu, 01 Aug 2024 06:26:24 +0000

After closing at a record high yesterday the market has continued to grow, starting the month with further gains. Laura and Stevie reflect on the performance of local markets throughout July comparative to international markets, look at what inflation data and recent interest rate decisions could mean for rate cuts later in the year, and unpack the performance of each of the sectors with tech, property, and commodities all seeing boosts. They discuss the stocks that stood out today and look at how tech earnings data could move markets in the days ahead.

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Morning Report 01 Aug 24: Wall Street posts best gains since February

Wed, 31 Jul 2024 20:57:24 +0000

Wall Street has reason to celebrate as the US Federal Reserve paves the way for a September rate cut. The S&P 500 and NASDAQ had their best days since February 22 of this year. Meta Platforms surged as sales surpassed estimates due to advertising growth, and oil prices jumped amid Middle Eastern tensions. Closer to home, Aussie shares are expected to start the month building on record highs. Home prices have risen for the 18th straight month, and the Greenback comes to the Aussie dollar’s rescue.

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Market Close 31 Jul 24: The best day for the year for the Aussie market

Wed, 31 Jul 2024 06:56:39 +0000

The market has ended the month on a high with today being the best day of the entire year. Laura and Stevie reflect on the performance of the local market over the past month where four record highs were recorded, and they look at how quarterly inflation data impacted investors today finally providing the much-needed catalyst that they have spoken of for the past few days. They unpack how this may impact the imminent interest rate decision, look at how the sectors performed with almost all stocks in positive territory, and the company news that received attention today.

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Morning Report 31 July 24: Microsoft shares drop on cloud miss

Tue, 30 Jul 2024 21:05:36 +0000

US technology names face selling pressure ahead of key earnings figures. Microsoft shares slide after slightly missing cloud revenue expectations. The Reserve Bank faces challenges with falling economic growth and rising inflation. US interest rates and Aussie inflation data are in focus, while chip shares fall as rotation into value stocks continues. Meanwhile, oil prices hit a seven-week low, and Rio Tinto will release its earnings today.

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Market Close 30 Jul 24: Markets on edge ahead of inflation data

Tue, 30 Jul 2024 06:25:39 +0000

It was good news yesterday with gains all round but today those gains have been lost as the market struggles to find direction. Laura and Stevie reflect on the performance of yesterday and how the local market today compared to US markets. With 7 in every 10 sectors locally dropping and energy and mining stocks weighing on the day the most they look at these losses in more detail, discuss the stocks that caught their eye, and look at what upcoming company news could do to the market as the week continues.

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Morning Report 30 July 24: US investors pensive ahead of a wall of company earnings

Mon, 29 Jul 2024 21:01:08 +0000

Wall Street consolidates ahead of key central bank decisions and a slew of company news. McDonald's same-store sales growth turns negative for the first time since the pandemic. Microsoft earnings will be in focus tonight and Tesla shares rise on analyst upgrades. UK interest rates are at their lowest levels since April, and commodity prices continue to slide, with oil down almost 2%. Locally, the Australian corporate reporting season has kicked off, and the Aussie dollar carries the weight of weak commodity prices.

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Market Close 29 Jul 24: A sizable bounce back from the losses of last week

Mon, 29 Jul 2024 06:47:44 +0000

With all 11 sectors seeing gains today the market has recovered from the losses of last week nearing another record high. Roughly 75% of all stocks on the market saw increases with tech stocks performing the best, Laura and Stevie discuss this and look at the performance of the other sectors, and touch on the spike that the Star Entertainment Group has seen through this afternoon. They unpack the numerous events that could shift the market this week and look at the stocks that moved the most.

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Morning Report 29 July 24: Wall Street surges on inflation relief

Sun, 28 Jul 2024 20:59:42 +0000

Join Tom and Ryan as they discuss the week ahead in Australian and global markets. Technology stocks recover after recent losses, and investors brace for more AI-based earnings from Meta, Amazon, Microsoft, and Alphabet. Interest rates fall as the US Federal Reserve's meeting is anticipated to signal a rate cut in September. Locally, the ASX is expected to open higher despite headwinds from lower commodity prices, and the Aussie dollar continues its recent slide.

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Market Close 26 July 24: Aussie market rebounds from 6 week low

Fri, 26 Jul 2024 07:07:16 +0000

The Aussie market showed a partial recovery today, with the ASX 200 index rising by 59 points or 0.8%, despite still being on track for a weekly decline. The market's recent volatility has left it roughly 2% below its record high from two weeks ago. Miners led the gains, with energy and property stocks also performing well. Despite three days of declines this week, the market remains on course for its second-best month of the year, highlighting resilience amidst global economic fluctuations. Looking ahead, next week's key events include U.S. inflation data and significant tech earnings reports, which are expected to heavily influence market trends.

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Morning Report 26 July 24: S&P 500 and NASDAQ end lower as tech comeback falters

Thu, 25 Jul 2024 21:07:18 +0000

Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets.
US stocks experienced mixed fortunes last night as tech stocks underperformed, while the Dow Jones outperformed as stock rotation continues. Harley-Davidson reported increased profits due to strong demand for touring bikes. Closer to home, the ASX is poised to rise, supported by climbing energy prices, while the Australian dollar faces pressure from declining iron ore prices.

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Market Close 25 July 24: Biggest tumble in weeks for the ASX

Thu, 25 Jul 2024 06:24:18 +0000

The Aussie market took a significant tumble today, marking it's biggest decline in 6 weeks, largely influenced by disappointing earnings from major US tech companies, Tesla and Alphabet. This led to a broad sell-off across all sectors, with tech stocks being the hardest hit. Key losers included Macquarie Group and Fortescue Metals, which faced challenges from higher costs and declining commodity prices. Despite the market downturn, Coronado Resources emerged as the top performer, while Regis Resources struggled despite strong production results.

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Morning Report 25 July 24: ASX to open lower on the back of Wall Street stock smackdown

Wed, 24 Jul 2024 21:01:19 +0000

Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets.
Wall Street experienced what Tom describes as a ‘stock smackdown’ with the likes of the NASDAQ posting its worst session since 2022 after Tesla and Alphabet earnings disappoint. The Bank of Canada has cut interest rates for a second consecutive month, while Ford shares slumped on disappointing earnings. Elsewhere, the ASX is expected to open lower today amidst multi-month lows in copper and iron ore prices. Additionally, the Australian dollar continued its retreat on lower commodity prices.

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Market Close 24 July 24: Gold miners shine bright while Aussie market dips

Wed, 24 Jul 2024 06:46:23 +0000

The Aussie market struggled for direction today, influenced by a melow overnight session in the US and anticipation for ket inflation data set to release on Friday. Eight out of eleven sectors declined, with property and energy stocks being the hardest hit. Despite the overall market lethargy, gold stocks shone brightly, with West African Resources and other gold miners posting gains.

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Morning Report 24 July 24: Wall Street closes slightly lower with big tech earnings on deck

Tue, 23 Jul 2024 20:55:49 +0000

Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets.
Wall Street moderates as investors brace for a wave of earnings figures. Tesla reports disappointing earnings in after hours trade while Alphabet beats earnings expectations but falls short on YouTube ad revenue. United Parcel Service has had its worst day on record. Meanwhile, miners and energy shares drag the FTSE 100 lower and a subdued start to trade is expected in Australia today.

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Market Close 23 July 24: Aussie stocks snap loosing streak

Tue, 23 Jul 2024 06:26:32 +0000

The ASX had a comeback today, recovering losses from the previous day despite energy sector drags. Woodside Energy's shares plummeted by 3.7%, hitting a one-month low after a disappointing quarterly update and recent acquisition concerns. The overall market sentiment was boosted by positive cues from Wall Street, with tech and health care stocks seeing significant gains. Notable movements included Transurban's rise following a partnership announcement for motorway upgrades, PolyNovo's surge driven by growing demand for its burn treatment products, and a substantial increase in gold miner Spartan Resources' share price.

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Morning Report 23 July 24: S&P 500 rebounds for best day since early June

Mon, 22 Jul 2024 20:56:44 +0000

Wall Street recovers after a volatile week, with the Dow Jones, NASDAQ, and S&P 500 all showing gains. Investors have regained composure following Joe Biden’s exit from the presidential race while earnings reports from tech giants Alphabet and Tesla are eagerly anticipated. Confidence has also returned to European stocks after a technology meltdown. Meanwhile, Aussie shares are expected to rise ahead of Woodside Energy's update, although commodities might put pressure on mining stocks. Overall, the market is displaying signs of composure despite ongoing challenges.

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Market Close 22 July 24: Markets slide for a third day

Mon, 22 Jul 2024 06:49:48 +0000

Join Steve and Laura as they discuss the ASX extending its losing streak for a third consecutive session, currently down 0.6% and dipping below the 8,000 point mark. Contributing factors to the downturn include US-China trade tensions, a global tech outage, and Joe Biden's decision to quit the presidential race. South32's shares plummeted to a three-month low while Iris saw a surge after announcing a significant increase in earnings. Looking ahead, key updates include quarterly results from major companies and the US profit reporting season.

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Morning Report 22 July 24: Aussie investors on edge as US President Joe Biden withdraws

Sun, 21 Jul 2024 21:01:26 +0000

Investors are cautious following President Joe Biden's withdrawal from the presidential race. The US dollar is strengthening as investors anticipate interest rate cuts. Technology stocks have plummeted due to the global cyber outage, while safe-haven assets are in focus amidst US political uncertainty. In other news, oil prices have dropped to their lowest levels since June, copper has hit a three-month low due to China's economic gloom, and Aussie miners are on edge as commodity prices retreat.

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Market Close 19 July 24: A rough end to a mostly impressive week for the market

Fri, 19 Jul 2024 06:50:39 +0000

The share market is on track to post the worst session it has seen in 6 weeks. Laura and Stevie reflect on this performance unpacking why it might not be all doom and gloom given that the market has seen continuing record highs. They look at the international market moves that have impacted us locally, and the performance of the sectors where the materials sector and banking are causing declines. They look at the big movers and what to expect in the days ahead.

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Morning Report 19 July 24: Dow Jones slides more than 500 points as sell off broadens

Thu, 18 Jul 2024 21:00:55 +0000

Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets.
Wall Street experiences significant selling pressures overnight, leading to a decline in US stocks with both the NASDAQ and S&P 500 finishing lower. Meanwhile, Netflix beats analyst estimates as memberships rise while Dominos has its worst day since 2008. In Europe, stocks close lower as the ECB holds interest rates steady. Closer to home, the ASX is set to tumble due to concerns about demand in China and falling metal prices.

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Market Close 18 July 24: Surprise jump in Aussie jobs spikes rate hike concern

Thu, 18 Jul 2024 06:27:56 +0000

The market has seen a slight slide today on a day that Laura says ‘could have been much worse’. She is joined by Stevie to unpack how the tech sector influenced that decline, the jobs data which did result in a slight dip this afternoon, and what to watch as the month progresses. They look at the performance of each the sectors which have almost all seen declines, the biggest movers which include Domino’s as the worst performer, and the US data that is expected overnight.

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Morning Report 18 July 24: Wall Street retreats as chip stocks slump

Wed, 17 Jul 2024 21:02:32 +0000

Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets. Chip makers experienced their worst day since March 2020 amid escalating US-China tensions following comments from Donald Trump. European markets were also impacted by declines in technology stocks, while the Dow Jones continued its rally to reach new record highs. Meanwhile, in Australia, shares are set to slip ahead of key jobs data, and energy stocks are in focus as oil prices soar.

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Market Close 17 July 24: Aussie market hits yet another record high

Wed, 17 Jul 2024 06:46:27 +0000

The ASX surged today, achieving its third record high in four sessions, driven by optimism over a potential interest rate cut in the US. Financials outperformed, hitting fresh highs, and Gold stocks shone, with notable gains for Evolution Mining and Northern Star. In corporate news, Drone Shield and Zip faced challenges, while Core Lithium and one luxury retailer experienced mixed fortunes. Investors are now keenly awaiting key profit results from major US companies and tomorrow's Aussie jobs report.

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Morning Report 17 July 24: Dow Jones rallies 700 points for best day in a year

Tue, 16 Jul 2024 21:05:30 +0000

Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets. The US saw small caps surge on rate cut bets and investors focus on investors bank revival. Meanwhile, a resource slump weighs on European stocks. The ASX is set to rise as gold hits a record high, with Aussie shares expected to rise ahead of BP releasing their quarterly numbers. Additionally, the Aussie Dollar eases.

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Market Close 16 July 24: The market pulls back following record highs

Tue, 16 Jul 2024 06:20:05 +0000

The market has taken a breather after the historic heights of yesterday where it cracked 8000 points. Laura and Stevie reflect on this recent performance also discussing the highs that have been seen in the US this year. The materials sector has been dragging on the market today with property stocks seeing gains. As a result, they unpack the mixed performance over the sectors, look at the stocks that moved the most, and the data out of the US that could shift markets overnight.

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Morning Report 16 July 24: Wall Street closes at record highs on Trump trade

Mon, 15 Jul 2024 20:54:56 +0000

Wall Street ends higher as investors firm bets on Trump win. European luxury names slump on a weak outlook, while Apple shares hit a record on an optimistic outlook. Meanwhile, the ASX 200 is set to slip ahead of Rio Tinto results, and Aussie miners are under pressure from weak Chinese growth.

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Market Close 15 Jul 24: ASX200 cracks 8000 points for the first time

Mon, 15 Jul 2024 06:45:22 +0000

It was another market milestone today with a record high that puts the market up 80% on the lows that we saw during the peak of the pandemic. Laura and Stevie unpack the inflation data that is keeping hopes alive for a US rate cut, look at how local economic data fared amid expectations, and the performance of each of the sectors all of which are in the green with tech stocks performing the best. They also look at the stocks that caught their eye and the economic data that could shift markets this week.

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Morning Report 15 July 24: Historic milestone looms for the ASX200 today

Sun, 14 Jul 2024 21:03:08 +0000

The ASX200 is set to hit 8,000 for the first time ever while mining stocks are in focus ahead of Rio Tinto’s production numbers. Wall Street hits new record highs despite US Banks retreat after mixed earnings. Meanwhile, Chinese authorities gather to discuss key economic outcomes and Tom and Ryan discuss how recent events involving Trump will impact the markets.

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Market Close 12 July 24: Fresh record highs broken for Aussie stocks

Fri, 12 Jul 2024 06:53:15 +0000

The ASX soared to record highs today, buoyed by easing inflation in the US and speculation of potential interest rate cuts. This marks the first time since April that the ASX has reached such heights, closing up 0.8%. Among the notable developments, the Commonwealth Bank of Australia (CBA) surpassed BHP to become the largest company on the Australian market. Key sectors like property and financials led the gains, with tech stocks as the only sector in the red. CBA's strong performance, rising by 17% this year, contrasted with BHP's 14% decline, driven by weak iron ore and nickel prices. Looking ahead, significant updates are expected, including US profit reports from major banks and key economic data from China.

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Morning Report 12 July 24: Wall Street falls despite better inflation figures

Thu, 11 Jul 2024 21:08:25 +0000

US stocks experienced an unexpected downturn despite better inflation figures. Technology stocks led the decline on Wall Street, while airlines slumped due to disappointing earnings. In contrast, luxury stocks gained in European trade. Commodity prices rose on a weaker US dollar, the Aussie dollar surged overnight, and futures point to solid gains for the local share market.

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Market Close 11 July 24: Aussie market almost touches record

Thu, 11 Jul 2024 06:17:25 +0000

US markets set their 37th record high of the year, lifting by 1%, positively influencing the Australian market and bringing it close to a record high. Key drivers included comments from US Federal Reserve Chair Jerome Powell suggesting a potential rate cut. All 11 sectors on the Australian market were up, with notable gains in energy, materials, healthcare, and tech. Record highs were hit by companies such as CBA, REA Group, and JB Hi-Fi, despite the latter facing legal issues. Meanwhile, uranium miners soared due to Kazakhstan's tax hike on uranium production. Upcoming US inflation data and earnings reports are expected to further impact market movements.

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Morning Report 11 July 24: Wall Street surges to new record highs

Wed, 10 Jul 2024 21:01:14 +0000

The ASX200 is set for solid gains at the start of trade, with futures pointing to a nearly 1% increase following new record highs in the US market. Oil prices have risen due to evidence of improving US demand, and precious metals have firmed as the Greenback softens. US Federal Reserve Chairman Jerome Powell has reiterated his stance on rate cuts and technology names lead Wall Street higher. European markets have recovered from recent losses, and the Australian dollar remains steady against the Greenback.

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Market Close 10 Jul 24: Markets cautious ahead of US inflation data

Wed, 10 Jul 2024 06:50:50 +0000

The market has seen some declines, but Laura and Stevie explain how it could have been worse amid economic data coming out of China. The Reserve Bank of New Zealand have decided to keep interest rates on hold, they look at the upcoming speeches and economic data that could move markets, and deep dive into the sectors and stocks which have seen mixed performance today.

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Morning Report 10 July 24: Wall Street reflects on Powell and looks ahead to CPI

Tue, 09 Jul 2024 20:59:00 +0000

The S&P 500 edges higher, consolidating around record levels, while commodity prices ease as the US dollar gained. Overseas, European stocks retreat, particularly in mining and energy sectors. The Kiwi interest rate decision is expected today. Locally, futures point to a lower open for the ASX200, and the Aussie dollar remains steady at 67.4 US cents.

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Market Close 09 July 24: The market rebounds nearing record highs once more

Tue, 09 Jul 2024 06:24:39 +0000

The market has bounced back today following the losses of yesterday. Laura and Stevie start by discussing US markets which also saw some gains and then look to the local performance. Locally all of the sectors ticked upwards today with financials leading the charge, the telecom sector is in the headlines, and they share the stocks that caught their eye in the past 24 hours.

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Morning Report 09 July 24: Wall Street hits new record highs as investors wait for Powell

Mon, 08 Jul 2024 20:58:13 +0000

Wall Street continues to grind out the new trading week with record highs but investors are pensive ahead of inflation figures and earning season. European markets consolidated after last week's gains with energy and miners underperforming, while insurance and travel stocks improved. Commodity prices ease from multi week highs. Locally, investors are looking forward to consumer and business sentiment surveys and the Aussie dollar has eased as the Greenback finds its footing pointing to future gains for local shares.

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Market Close 08 Jul 24: Last week’s gains wiped out in a single session

Mon, 08 Jul 2024 06:47:44 +0000

The week has started off quite poorly wiping out all the gains that took place last week. Laura and Stevie unpack the happenings over the weekend that influenced this shift including jobs and unemployment data. Nine of the eleven sectors saw declines today with materials and energy stocks dragging the most on the market. Gold is in focus today as prices lifted, lithium is back in discussion, and they look to the week ahead.

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Morning Report 08 July 24: Wall Street celebrates jobs figures and ends at record highs

Sun, 07 Jul 2024 20:59:34 +0000

The ASX200 is expected to open in negative territory after a modest gain in the first week of the month. The US dollar continues to moderate supporting commodity prices with gold at 6 week highs. Technology names lead the way with the Nasdaq up more than 3% last week. ResMed finds support after its recent sell off and the Aussie dollar continues to gain against the Greenback.

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Market Close 5 July 24: Market jitters ahead of US jobs data and French election

Fri, 05 Jul 2024 06:52:48 +0000

The Aussie market dipped slightly today despite a generally strong week, bolstered by a 1.2% rise the previous day. The market's directionless nature was partly due to the US market being closed for the Independence Day holiday. However, expectations of a US rate cut in September, following soft economic data, provided some optimism. Mining stocks, driven by rising commodity prices, performed well, while Magellan and BHP also saw significant activity. Looking ahead, key events such as nonfarm payrolls in the US and French parliamentary elections are anticipated to influence market movements.

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Morning Report 05 July 24: Flat start for local shares on Friday with Wall street on holidays for the 4th of July

Thu, 04 Jul 2024 20:55:16 +0000

Wall Street was closed for the Independence Day holiday, but European stocks were higher, led by energy and financial sectors, and ahead of key election outcomes. Commodity prices consolidate on recent gains, with oil prices remaining at two month highs, and the Aussie dollar surges on the back of US dollar weakness.

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Market Close 4 July 24: ASX closes in on record high

Thu, 04 Jul 2024 06:16:53 +0000

Australian shares surged by 1.2% following fresh record highs in US markets, driven by expectations of potential US interest rate cuts, sparked by weaker-than-expected US economic data. Commodity prices also boosted local energy and mining stocks, with oil, gold, and iron ore prices all climbing. In company news, rumours of potential takeover bids for Santos sent its shares to a two-year high, while other resource firms faced challenges. Looking ahead, markets will watch for upcoming data from China and other global economic indicators.

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Morning Report 04 July 24: Wall street hits record high on rate cut hopes

Wed, 03 Jul 2024 21:02:27 +0000

Wall Street hit new record highs overnight, with the S&P 500 and Nasdaq performing well although the Dow Jones finished slightly negative. European markets rise on lower US interest rates and political developments in France. The Aussie dollar surges on the back of US dollar weakness, gold prices at one month highs and oil hits its highest levels in two months. Weight loss drug makers lose ground, while Tesla continues its revival.

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Market Close 03 Jul 24: ASX snaps two day losing streak

Wed, 03 Jul 2024 06:48:02 +0000

There has been a small gain today on the market but investors seem to remain hesitant overall. Laura and Stevie unpack this mixed day which saw around half of the sectors improving. Retail spending figures are the subject of conversation today despite these figures not having a huge impact on the market, they look at the standout stocks including Booktopia and Liontown, and the day ahead.

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Morning Report 03 July 24: Aussie stocks to open higher and Wall street encouraged by Powell comments

Tue, 02 Jul 2024 20:59:47 +0000

Technology names lead Wall Street higher, Tesla shares up 10% on encouraging update, oil prices moderate as weather concerns ease and the Aussie dollar benefits from Greenback weakness. Investors look ahead to retail sales numbers locally and Chinese services figures anticipated.

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Market Close 02 Jul 24: Lithium miner Liontown in focus

Tue, 02 Jul 2024 06:21:23 +0000

The market is still waiting for a fresh catalyst it would seem as Laura and Stevie unpack two days of losses following a couple of weeks of near record highs. With majority of the sectors in decline today they look at the big movers, and with energy one of the few to see gains this sector remains in focus. Liontown is the top performer today, and Lovisa is the worst performing following doubts around store opening expectations. They look to the day ahead and revisit the performance of Guzman y Gomez.

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Morning Report 02 July 24: ASX to open lower ahead of RBA board minutes

Mon, 01 Jul 2024 20:59:01 +0000

US and European markets post modest gains on the first day of the month with US stocks gaining despite sharp rise in interest rates. European investors express relief following French elections and big tech names lead advance on Wall Street.

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Market Close 01 Jul 24: Miners boosted by strong Chinese data

Mon, 01 Jul 2024 06:43:36 +0000

It was a slow start to begin the new financial year. Laura and Stevie reflect on a day where most of the sectors saw a decline. They look at the materials sector in detail which did manage to rally today and unpack the reasoning behind that boost, reflect on the recent local market performance in comparison to international markets, and look at the stocks that were in focus today.

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Morning Report 01 July 24: ASX200 set to start July in negative territory

Sun, 30 Jun 2024 21:11:07 +0000

Wall Street ends the final day in the trading week in negative territory and weaker economic figures from China to create headwinds in local shares. European investors pensive ahead of French polling results and Nike experienced its worst day since its listing in 1980, which reverberated throughout the leisure wear sector, leading to declines in companies like Lululemon, JD Sports, and Puma.

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Market Close 28 Jun 24: Aussie market improves over the financial year

Fri, 28 Jun 2024 06:37:05 +0000

Despite starting the session strongly, the Australian share market had a subdued finish to a week dominated by inflation concerns. Over the week, the market showed resilience, recovering from significant mid-week losses caused by worse-than-expected inflation data. Highlights included Mirvac's rebound after selling a major stake in a Sydney office tower, ANZ's acquisition of Suncorp's banking business, and Adore Beauty's acquisition of the premium brand iKOU. The upcoming US inflation data, French elections, and Australian retail spending data are set to influence market movements next week.

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Morning Report 28 June 24: ASX to rise as investors await fed’s preferred price data

Thu, 27 Jun 2024 21:11:21 +0000

Wall Street shows only modest gains ahead of key inflation figures, while Aussie shares are expected to rise ahead of private sector credit data. A fall in US bond yields was outperformed by technology shares with server maker, Super Micro Computer, now the top performer on the S&P 500. European markets were mixed, with retail stocks performing poorly and Aussie shares were up neutralising yesterday’s decline.

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Market Close 27 Jun 24: Inflation woes keep market under pressure

Thu, 27 Jun 2024 06:17:34 +0000

The Australian share market experienced a significant dip, with real estate stocks notably plummeting due to a combination of ex-dividend trading and fears of rising interest rates. Inflation remains a pressing issue, with May's data showing a 4% increase, the highest in six months, leading to speculation about potential rate hikes in August or September. Despite overall market losses, tech stocks showed resilience, continuing their upward trend. Investors are also closely monitoring upcoming economic data and the US presidential debate for further market implications.

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Morning Report 27 June 24: Aussie stocks to slump with investors spooked by inflation

Wed, 26 Jun 2024 21:07:20 +0000

Wall Street continues to grind ahead of key inflation figures, while Aussie shares are expected to fall sharply as inflation data spooks investors. Micron Technology declined in late trading after its forecast failed to meet the sky-high expectations of some investors. Australia now has the highest inflation in the developed world, with commodity prices under pressure due to a push in the US dollar.

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Market Close 26 Jun 24: ASX nosedives after inflation data surprises

Wed, 26 Jun 2024 06:37:48 +0000

Laura and Stevie start the episode by calling this a ‘terrible day on the share market’. Join them as they unpack this on a day where Inflation data was significantly higher than expectations. They look at how this has impacted market sentiment, discussions around rate hikes, and what further upcoming economic data could do to the movements that we saw today. They talk through the stocks that caught their attention, sector performance, and reflect on the week overall.

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Morning Report 26 June 24: ASX to fall ahead of key Aussie inflation data

Tue, 25 Jun 2024 21:00:07 +0000

Wall Street recovers thanks to a move higher for technology names. All eyes are on Micron Technology, which will release its third-quarter earnings report on Wednesday. Amazon, Meta, and Google are up 1% and Nvidia shows a significant rebound after falling for three straight sessions. In Canada, inflation numbers came in stronger than expected after cutting interest rates for the first time in four years. Australian shares are expected to open lower ahead of key inflation data, with the resource sector under pressure.

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Market Close 25 Jun 24: Market surges despite upcoming inflation data

Tue, 25 Jun 2024 06:28:47 +0000

The Aussie market has reversed the losses of yesterday. Laura and Stevie discuss this ‘bounce back’ and why it is surprising given the upcoming local and international inflation data. They discuss how this upcoming data could impact the days ahead, consumer confidence in the current climate, and look at the sectors in detail with all of them spending the majority of the day in positive territory.

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Morning Report 25 June 24: Aussie shares to lift as investors snap up energy and bank stocks

Mon, 24 Jun 2024 21:44:48 +0000

A nervous start for Wall Street with tech stocks in reverse, while Aussie shares are expected to open higher ahead of KFC operator Collins Foods' results. US equities might be set to pause as investors await inflation data. ResMed's Aussie shares are under some pressure, while energy stocks and banks in Europe saw gains.

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Market Close 24 Jun 24: A high risk week ahead for global share markets

Mon, 24 Jun 2024 06:32:15 +0000

The market has started things cautiously this week reversing almost all of last week’s gains. Laura and Stevie discuss this session which continued to get worse as the day went on and the two main catalysts that could impact markets through this week. They look at today’s performance where almost all of the sectors have slipped, the stocks that were in focus, and what to expect across the final week of the month.

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Morning Report 24 June 24: Mixed results for Wall Street sees a lower open for the ASX 200

Sun, 23 Jun 2024 20:59:33 +0000

A lack on conviction on the part of investors saw mixed fortunes for Wall Street on Friday. Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets. The ASX expected to fall as the Reserve Bank's inflation problem rattles nerves. Nvidia shares appear to be cooling off the back of their record peaks.

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Market Close 21 Jun 24: The cream sours on Guzman y Gomez

Fri, 21 Jun 2024 06:43:48 +0000

Laura and Stevie reflect on a week that has remained largely flat as they await a fresh catalyst to move them in either direction. Inflation data may be the next thing to move the needle, and they look at the upcoming economic factors which could also impact the market in the week ahead. Each of the sectors is looked at in detail with most in the green, Guzman y Gomez is back in focus, and they look at the other big movers.

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Morning Report 21 June 24: ASX to rise, S&P 500 struggles near record highs

Thu, 20 Jun 2024 21:01:10 +0000

Wall Street treads water as investors return from a holiday. We saw record levels but retreated by the end of the day. While Aussie shares are poised to open higher. The S&P 500 briefly topped 5,500 points before losing some traction. European markets had a better tone, with central banks making interest rate decisions.

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Market Close 20 Jun 24: Nacho average day for Guzman y Gomez

Thu, 20 Jun 2024 06:20:20 +0000

The market has remained relatively flat today following a day of closed US markets. Laura and Stevie unpack this performance which saw mixed results across the sectors and discuss why a lack of international economic data likely had a part to play. The biggest listing on the share market in three years also went public today in the form of Guzman y Gomez, they discuss this launch and also look at the top performing stocks in this session.

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Morning Report 20 June 24: Aussie shares expected to slip ahead of Guzman y Gomez debut on the ASX

Wed, 19 Jun 2024 21:01:47 +0000

US markets were closed for the Juneteenth public holiday, while European markets showed mixed performance. The UK's inflation rate fell to the Bank of England's 2% target for the first time in nearly three years, but core inflation remains high at 3.5%, with services inflation near 6%. Political uncertainty weighed on European markets, with the French market particularly affected by fiscal concerns. In commodities, oil prices dipped slightly, while metals like copper and aluminium saw gains. The Aussie dollar rose slightly, influenced by the Reserve Bank of Australia's cautious stance. Today, Australian shares are expected to open lower ahead of Guzman and Gomez's highly anticipated IPO.

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Market Close 19 June 24: What company became the world’s largest overnight?

Wed, 19 Jun 2024 06:25:20 +0000

Following a day of significant improvements yesterday the market has today paused for breath. Laura and Stevie discuss the part that yesterday’s RBA meeting could be playing in the stall of today, and discuss the company that is now 23 times larger than Australia’s biggest company. The best and worst performing sectors are looked at as well as the standout stocks, and they look to the days ahead.

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Morning Report 19 June 24: ASX to consolidate after yesterday's big gain

Tue, 18 Jun 2024 21:04:55 +0000

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Market Close 18 June 24: Interest rate outlook remains uncertain following RBA meeting

Tue, 18 Jun 2024 06:38:51 +0000

The market has bounced back today reversing the losses of the past two sessions. Laura and Stevie unpack this performance and deep dive into the outcomes of the latest RBA meeting where a neutral stance was taken. Consumer confidence is considered, they discuss the one stock that weighed on the sectors, and look at the standout stocks for the day.

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Morning Report 18 Jun 24: ASX to rise ahead of RBA interest rate decision

Mon, 17 Jun 2024 21:05:26 +0000

US stocks rallied as the S&P 500 hit its 30th record high this year, with the Dow Jones rising by 0.5% and the tech-heavy Nasdaq up by 1%. Meanwhile, European markets saw modest gains amid political uncertainty in France, where fiscal concerns are impacting bond yields. Australian shares are set to rise, awaiting the Reserve Bank's policy decision amid fluctuating commodity prices and a stable Aussie dollar.

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Market Close 17 June 24: Fourth fall in five sessions

Mon, 17 Jun 2024 06:43:42 +0000

Another down day for the Aussie share market, join Stevie and Laura as they give an overview. We saw a quiet day of trade ahead of the RBA handing down it's decision tomorrow. The expectation being that there will be no change in the cash rate. Paladin Energy stocks continue to see losses, while Tabcorp's stocks rose.

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Morning Report 17 Jun 24: Aussie shares to open lower as investors look towards tomorrow's RBA decision

Sun, 16 Jun 2024 20:56:06 +0000

US stocks ended last week on a flat note after significant movements due to inflation data, with the S&P 500 and Nasdaq posting modest gains while the Dow Jones dipped slightly. Apple surged to a record high, buoyed by its AI integration plans while in contrast, European markets struggled, especially in France, due to political instability. Meanwhile, Australian shares are expected to start the week lower, following a 1.7% decline last week, amid global market uncertainties.

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Market Close 14 June 24: Worst week in two months for Aussie stocks

Fri, 14 Jun 2024 06:49:19 +0000

Laura and Stevie round off what was a challenging week for Aussie stocks. We saw widespread losses and are on track for the worst week in two months. The consumer discretionary and healthcare sectors performed well, while tech and mining sectors struggled. Notable stock movements included Tapcorp, Boss Energy, Paladin Energy, and Deterra Royalties.

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Morning Report 14 Jun 24: Wall Street celebrates on lower inflation numbers

Thu, 13 Jun 2024 21:03:01 +0000

US stocks reached new highs as inflation fears eased, with the S&P 500 and Nasdaq showing modest gains despite a slight drop in the Dow Jones. Lower inflation, indicated by flat consumer prices and declining producer prices, provided relief. However, industrial shares lagged due to economic slowdown concerns. In Europe, political instability and auto sector worries led to market declines, particularly in France and Germany. Meanwhile, Australian shares are expected to dip slightly amid mixed global signals.

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Market Close 13 June 24: First lift of the week for Aussie stocks

Thu, 13 Jun 2024 07:18:19 +0000

It is the first lift of the week for the Aussie market, though it has not fully rebounded from the last two challenging days. Join Laura and Stevie as they discuss the busy 24 hours that has been, including the latest US inflation rate report, the surprise from the US Federal Reserve's rate cut decision, the performance of companies such as ASX, Bubbs Australia, and A2 Milk and the latest strategic move from Qantas. Additionally, the introduction of Apple Intelligence has seen shares lift, overtaking Microsoft on the NASDAQ.

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Morning Report 13 Jun 24: Inflation relief pushes Wall Street to record highs

Wed, 12 Jun 2024 20:58:01 +0000

US stocks surged to record highs due to lower-than-expected inflation figures, leading to optimism in the market. The S&P 500 and the NASDAQ were up, while the Dow Jones lagged slightly. Inflation data showed minimal monthly increases, the slowest since August 2021, suggesting progress in controlling inflation. The Federal Reserve maintained interest rates but hinted at fewer rate cuts in 2024, causing mixed reactions in the market. European markets also saw gains, driven by improved US inflation data, although some local challenges persisted. Meanwhile, Australian shares are expected to rise ahead of crucial jobs data, reflecting global economic trends.

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Market Close 12 June 24: US inflation and interest rate decision in focus

Wed, 12 Jun 2024 06:48:38 +0000

Join Laura and Stevie as they take a look at the markets nervous start to the week. Two consecutive days of declines, ahead of two high risk events tonight. Why did consumer confidence just hit its lowest level all year? Judo Capital Holdings saw gains after the ASX quarterly rebalance placed it in the top 200.

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Morning Report 12 Jun 24: ASX to drop on weak metal prices

Tue, 11 Jun 2024 20:52:31 +0000

Aussie shares are predicted to decline ahead of key inflation data from the US and China, meanwhile a significant $39 billion US bond auction sparked speculation about potential Fed rate cuts. Tech stocks, particularly Apple, saw gains amid new AI features while in Europe, political uncertainties led to notable market declines, especially in banking stocks. Commodity prices, including metals and oil, experienced fluctuations due to mixed global economic indicators, impacting the Australian market outlook.

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Market Close 11 June 24: Markets tumble ahead of inflation, interest rates and jobs data

Tue, 11 Jun 2024 06:29:05 +0000

After the best week of the year, last week, markets have taken a nose dive. What is contributing to this decline? Join Laura and Stevie as they unpack the Australian stock market's rough start to the week, with the ASX 200 down by close to 1.5%. Gold Miners took the biggest hits with declines close to 5.5%, the worst session for Gold Miners as a group since late September, 2022.

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Morning Report 11 Jun 24: ASX to fall despite Wall Street hovering at record highs

Mon, 10 Jun 2024 20:57:53 +0000

US investors remain cautious as they await critical inflation data and a Federal Reserve decision on interest rates, which are anticipated to remain unchanged this week. Last Friday’s stronger-than-expected US jobs report highlighted the resilience of the labor market, raising doubts about potential rate cuts in September. Major US stock indices saw modest gains, meanwhile political uncertainties in Europe following far-right successes in elections contributed to market declines. Australian shares are expected to follow this trend amid upcoming local business confidence surveys and fluctuating commodity prices, notably oil and iron ore.

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Market Close 7 June 24: Best week this year for the Aussie market

Fri, 07 Jun 2024 06:55:51 +0000

The Aussie market heads into the close on track to be the best week of the year. Laura and Stevie unpack this third straight day of gains as we hover near record highs and look at the part that international interest rate cuts played in this shift higher. Company news has been light today but energy stocks have seen some significant moves which they discuss, they look at the best and worst performers for the day and the week, and what could be expected to move markets as we head into the long weekend.

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Morning Report 07 Jun 24: ASX to edge up after European Central Bank cuts interest rates

Thu, 06 Jun 2024 20:59:46 +0000

Tom and Ryan are back for your Friday morning. The big news overnight, the Europeans cut rates. Although, it may be seen as a reluctant move. Wall Street takes a breather ahead of key jobs numbers and Aussie shares expected to open higher to end the week.

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Market Close 6 June 24: International rate cut decision improves investor confidence

Thu, 06 Jun 2024 06:17:14 +0000

Laura and Stevie are back today to unpack what they are calling a ‘cracker of a session’. The market is set to snap two weeks of losses as international rate cuts lift the mood for investors - a move which could spark discussions around local interest rate cuts. All sectors were higher today, they discuss the stocks that saw the most significant gains or losses and address the upcoming economic data that could move markets in the days ahead.

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Morning Report 06 Jun 24: ASX to rise, Nvidia leads mega cap tech rally

Wed, 05 Jun 2024 20:58:51 +0000

Join Tom and Ryan as they discuss new record highs on Wall Street. Hewlett Packard has been a standout overnight with strong gains, while Nvidia continued its AI driven run. Aussie shares are poised to rise, as the Bank of Canada bolsters hopes for global rate cuts.

And it's that time of the year where our performance reviews are being submitted so Tom and Ryan are asking you if you've enjoyed the podcast and if there's anyway they can improve?

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Market Close 05 June 24: Aussie market recoups losses in response to GDP figures

Wed, 05 Jun 2024 06:54:00 +0000

The market saw a drop yesterday but today recouped those losses. Laura and Stevie unpack how data that differed from what analysts were expecting played a part in this shift and how this data could impact the next RBA meeting. Interest rates are back in discussion, each of the sectors are looked at as mining and technology stocks continue to take a hit, and they talk through the company news that moved markets today.

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Morning Report 05 Jun 24: ASX to open lower on concerns of growth data stalling

Tue, 04 Jun 2024 21:01:44 +0000

Join Tom and Ryan as they discuss Wall Street's recovery on the back of softer employment figures, and the pressure on Aussie shares due to declining commodity prices. As the 5th of June unfolds, they delve into the implications of the Jolt Survey results, revealing the lowest level of US job openings in over three years, and what this means for the Federal Reserve's interest rate decisions. In Europe, markets faced downward trends with significant losses in energy stocks and commodities, while the local picture has the ASX 200 opening lower.

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Market Close 04 June 24: Mining and energy stocks in focus today

Tue, 04 Jun 2024 06:12:56 +0000

The Aussie market has taken a breath following a couple of days of impressive gains. Laura and Stevie put mining and energy stocks under the microscope today as oil prices fell to their lowest in some time. Iron ore also has taken a tumble while gold miners are on the increase. They discuss the stocks that stood out today and look to the likely market movers in the day ahead.

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Morning Report 04 Jun: Commodity headwind to weigh on the ASX

Mon, 03 Jun 2024 21:10:30 +0000

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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Market Close 03 June 24: A positive start to a new month for investors

Mon, 03 Jun 2024 06:52:05 +0000

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.

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Morning Report 3 Jun 24: Aussie shares set to start the month higher as investors celebrate US inflation figures

Sun, 02 Jun 2024 20:51:01 +0000

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.

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Market Close 31 May 24: The market bounces back with the best day in two weeks

Fri, 31 May 2024 06:51:24 +0000

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.

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Morning Report 31 May 24: Aussie shares expected to lift from 4 week lows

Thu, 30 May 2024 20:48:56 +0000

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.

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Market Close 30 May 24: Aussie market continues to dip following hotter than expected inflation data

Thu, 30 May 2024 06:13:56 +0000

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.

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Morning Report 30 May 24: Stocks grimace as interest rates rise

Wed, 29 May 2024 21:03:27 +0000

Tom and Ryan dissect a turbulent day on Wall Street and its ripple effects on the Aussie market after yesterday's poor performance. Sticky inflation is in the spotlight, plus BHP’s decision to withdraw its $75 billion bid for Anglo-American, exploring the implications for the mining sector and what it means for global markets.

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Market Close 29 May 24: Inflation weighs on Aussie shares

Wed, 29 May 2024 06:39:02 +0000

Steve and Laura delve into a tough day for the Australian market as investors grapple with unexpected inflation data. The ASX200 plunged 1.3%, marking its worst performance in months. They analyse the factors behind this decline, focusing on the surprise jump in April's inflation rate to 3.6%, which has fuelled concerns over prolonged high interest rates. There were broad market losses across all 11 sectors, with significant hits to consumer staples, discretionary, industrials, and financial stocks.

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Morning Report 29 May 24: Aussie stocks set to open lower ahead of key inflation data

Tue, 28 May 2024 21:03:59 +0000

US markets didn’t return refreshed from their long weekend. Tom and Ryan discuss this sluggish performance, the lift in treasury yields, and the part that discussions around interest rate ‘hikes’ played in pushing interest rates higher. They look at the economic data set to influence local markets today, and the current standing for the Aussie dollar.

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Market Close 28 May 24: Market remains cautious ahead of upcoming inflation data

Tue, 28 May 2024 06:26:29 +0000

The market has remained cautious today. This could partly be down to closed international markets but is also likely the result of upcoming inflation data. Laura and Stevie discuss this sentiment, and how tomorrow’s data could move markets. They look at the market moving stocks from today and what to expect as the markets that have remained closed internationally reopen.

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Morning Report 28 May 24: ASX to edge higher, Aussie retail spending in focus

Mon, 27 May 2024 20:53:58 +0000

Despite muted trading in the US overnight by virtue of a public holiday, US futures were up slightly. Plus, Ryan and Tom break down a key change in the US stock settlement process, moving from a two-day to a one-day settlement cycle, aimed at reducing risk and increasing market liquidity. European markets rose, buoyed by positive business sentiment and expectations of future interest rate cuts from the European Central Bank. In Australia, the ASX200 is set to rise, supported by commodity price movements and April retail sales data.

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Market Close 27 May 24: Aussie market snaps four day losing streak

Mon, 27 May 2024 06:45:28 +0000

While the market ended down last week it is today back on the incline. Laura and Stevie reflect on what has been a positive last few months for the market, and talk through the stocks that aided the rebound today. They look at the upcoming economic data to expect as the US and UK market are set to remain closed, and what to expect locally tomorrow.

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Morning Report 27 May 24: Aussie stocks set for gains as investors brace for inflation figures

Sun, 26 May 2024 21:03:22 +0000

Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets. US markets ended on record highs last week helped by the outlook for inflation. With a public holiday for the US on Monday, the main focus this week is on inflation, with expectations for a small rise in the personal consumption expenditures price index. European markets reflect on higher inflation numbers in the UK and uncertainty over interest rate cuts. Australian shares end down, but the market seems more focused on the moderation in different parts of the economy rather than the challenging inflation outlook. Commodity prices are mixed, with oil and iron ore prices under pressure. Lend Lease plans to sell $4 billion worth of international assets and end its overseas construction divisions.

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Market Close 24 May 24: US drags Aussie share market lower

Fri, 24 May 2024 06:35:27 +0000

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.

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Morning Report 24 May 24: Commodities to weigh on ASX

Thu, 23 May 2024 20:56:37 +0000

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.

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Market Close 23 May 24: Aussie market slips for a third day

Thu, 23 May 2024 07:07:50 +0000

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.

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Morning Report 23 May 24: Stocks fall after Fed minutes with Nvidia on tap

Wed, 22 May 2024 21:06:49 +0000

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.

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Market Close 22 May 24: Bird flu impacts chicken producer

Wed, 22 May 2024 06:55:58 +0000

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.

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Morning Report 22 May: Aussie shares expected to lift after Wall Street hits fresh record highs

Tue, 21 May 2024 20:58:09 +0000

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.

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Market Close 21 May 24: Telstra job cuts impact share price

Tue, 21 May 2024 06:25:37 +0000

The market ran out of steam today following a run toward record highs. Laura and Stevie reflect on the strong run that we have seen, and how the lack of economic news is fuelling this wait and see moment for the market. They explain the impact of the recent budget announcement, the performance of stocks in the materials sector which have seen a drop back following recent highs, and why Star Entertainment and Telstra made headlines today.

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Morning Report 21 May 24: Nasdaq hits record with Nvidia results eyed

Mon, 20 May 2024 21:00:44 +0000

The AI boom is continuing to move markets according to Tom and Ryan, with anticipation mounting for Nvidea's earnings report due tomorrow. Across the board, US stocks showed mixed outcomes with the Dow Jones and S&P 500 down slightly while tech stocks like the Nasdaq and Philadelphia Semiconductor Index rose. European markets saw moderate gains, led by aerospace and defense sectors amid geopolitical tensions, with miners benefiting from rising copper and gold prices. The Reserve Bank of Australia's meeting minutes highlighted inflation risks and a high bar for rate hikes, while the Australian dollar fell despite higher iron ore prices.

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Market Close 20 May 24: Aussie market creeps toward record high

Mon, 20 May 2024 06:53:51 +0000

Laura is back alongside Stevie today on a day where the market is in the positive. The ASX was today within half of a percent of a record high. They unpack the catalysts for this including US inflation data and look at the performance of each of the sectors. Star entertainment has skyrocketed around 20% today, they discuss this and some of the other big movers while looking at what could be on the way for the day ahead.

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Morning Report 20 May 24: Aussie stocks set for gains at the open, Miners in focus after Chinese data

Sun, 19 May 2024 20:55:42 +0000

The Aussie market is opening to mixed signals from Wall Street, where the Dow closed above 40,000 for the first time. Excitement surged as Reddit's stock jumped 10% following a new AI partnership with OpenAI, and Nvidia's sky-high earnings expectations underscored the booming AI sector. European markets softened amid stable inflation but anticipated rate cuts, while the Australian market edges towards record highs driven by positive Chinese industrial production and massive government intervention in its property sector. Amid rising oil and gold prices and a slightly stronger Aussie dollar, all eyes are on the earnings reports from Elders and Xero, set to steer the tech sector's course.

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Market Close 17 May 24: Aussie shares ease as investors pause to reflect on recent gains

Fri, 17 May 2024 06:38:46 +0000

The market has ended the week with a pause. Craig joins us solo to look at the international data that likely drove this stall, and to reflect on a week which saw impressive highs yesterday. Craig looks at the big movers from today, the company reports which influenced these moves, and what could be on the horizon before next week.

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Morning Report 17 May 24: Aussie shares to slip as Dow hits milestone 40,000 mark

Thu, 16 May 2024 21:02:45 +0000

Despite starting strong, markets wilted towards the session's end, with the Dow Jones, the S&P 500, and the NASDAQ down. The ASX 200 is expected to follow suit with a 0.5% decline. Notable market movements include Walmart's historic day, Chubb's stock rise after Berkshire Hathaway's stake revelation, and John Deere's profit forecast trim affecting machinery sector stocks. Looking ahead, attention shifts to Chinese economic data, with indicators suggesting a pullout from a lull as the economy heads into the second quarter.

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Market Close 16 May 24: Aussie shares catapulted higher on offshore gains

Thu, 16 May 2024 06:23:29 +0000

Craig joins us solo today on a day when the market is at record highs. He unpacks the data overnight that catapulted local markets deep diving into interest rate cuts, higher than expected jobs figures, and what to watch in the day ahead.

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Morning Report 16 May 24: Inflation relief sends Wall Street to record highs

Wed, 15 May 2024 21:01:30 +0000

US indices soar to unprecedented heights on the heels of surprising CPI figures, signaling potential rate adjustments according to Tom and Ryan. With tech surges and retail eyes on Walmart, markets react to US economic data. European markets remain steady as commodities gain ground amid a dollar dip. Anticipation mounts for the Aussie market as the ASX 200 is poised for gains and the Aussie dollar hits a four-month high, closing strong

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Market Close 15 May 24: Aussie shares lift on overseas gains and budget stimulus

Wed, 15 May 2024 06:44:17 +0000

Aussie job figures and US inflation has investors watching closely today. Craig and Steve look at how this upcoming data could impact the local market and of course deep dive into the outcome of the federal budget. They discuss how the market reacted, what the outcomes could do to inflation, and the state of the Aussie market as a result. They also look at the day ahead, discuss the stocks that saw the most attention today, and unpack the performance of each of the sectors.

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Morning Report 15 May 24: Nasdaq jumps to record high after Fed Chair's comments

Tue, 14 May 2024 20:49:00 +0000

Join Tom & Ryan as they dissect how markets shrugged off hotter-than-expected producer inflation numbers in the US, focusing instead on Jerome Powell's hints of a potential inflation decline. Attention will now turn to the CPI report tonight for further insights. European markets show mixed responses, influenced by discussions of rate cuts and corporate news. Locally, the focus is on the federal budget's impact, with anticipation around the wage price index indicating ongoing wage growth. Commodity markets experienced fluctuations, notably in oil, gold, and iron ore prices, influenced by various factors including supply concerns and defaults in China's property market.

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Market Close 14 May 24: Australian shares in a holding pattern ahead of US inflation

Tue, 14 May 2024 06:26:12 +0000

The market has remained quiet today as investors wait for the coming data influx later this week. Craig and Steve chat through those upcoming market movers, in particular the federal budget and US inflation data. They discuss some of the speculations, the stocks that caught their eyes today, and what to watch in the hours ahead.

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Morning Report 14 May 24: ASX to slip, Wall Street mostly lower as CPI awaited

Mon, 13 May 2024 20:58:10 +0000

US investors tread cautiously ahead of pivotal inflation figures, setting the tone for a mixed start in Australia where BHP faces rejection from Anglo-American for the second time. Hosts Tom and Ryan navigate through the day's market movements, from modest shifts in US indices to European markets' softness, unpacking corporate highlights including Apple's tech ambitions and Walgreens' strategic moves. The spotlight shines on the Australian budget forecast, revealing a clash between Treasury and Reserve Bank on inflation outlooks.

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Market Close 13 May 24: Aussie market pauses for a busy week ahead of the federal budget

Mon, 13 May 2024 06:34:11 +0000

Last week was great for Aussie investors but this week has kicked off a touch more cautiously. Craig and Steve discuss this breather and look at the meaningful market movers that are going to come through in the days ahead including the federal budget. They discuss if rate cuts are still on the agenda, the two companies that most heavily weighed on the Aussie market, and what to expect in the day ahead.

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Morning Report 13 May 24: ASX to start the week in the red as investors wait for key inflation figures

Sun, 12 May 2024 21:03:17 +0000

From Wall Street's cautious optimism to the European markets' record highs, Tom and Ryan cover it all, including intriguing tidbits like McDonald's $5 meal deal and China's economic indicators. With the Aussie shares poised for a dip and key inflation data looming, this week is set to have analysts on their toes!

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Market Close 10 May 24: Third weekly improvement for local markets

Fri, 10 May 2024 06:52:16 +0000

The market managed to claw back some of yesterday’s losses today. Laura and Stevie reflect on what overall has been a positive week – the best since late March and look at the performance of each of the sectors. They discuss the big movers of the week, the data that has come out that has influenced these shifts, and look at what could be on the cards for the local market across the weekend.

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Morning Report 10 May 24: Dow Jones posts 7th straight gain, ASX expected to open higher

Thu, 09 May 2024 21:02:22 +0000

Join Tom and Ryan as they delve into the impact of rate cut expectations on Northern Hemisphere stock markets, dissecting the implications of jobless claims and employment trends for investor sentiment. Despite reporting strong quarterly performance, including a near-doubling of earnings per share and record-high bookings, Airbnb's stock fell by 7%, highlighting the market's sensitivity to forward guidance from companies. The ASX is expected to end the week higher, driven partly by positive earnings results from companies like Life360 and QB Insurance

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Market Close 9 May 24: An abrupt end to the market’s winning streak

Thu, 09 May 2024 06:14:30 +0000

It has been an ugly day for the market today with declines across the board. Laura and Stevie discuss this abrupt end to the gains, look at the international economic data that could impact markets overnight, and pre-empt the week ahead which will be rife with local data. They look at the winners and losers in each of the sectors with a quarter of the market’s losses related to one company, and what could move markets tonight.

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Morning Report 9 May 24: Aussie miners expected to weigh on the ASX

Wed, 08 May 2024 21:03:30 +0000

As US markets tread cautiously in anticipation of forthcoming inflation data, the spotlight shifts to Sweden's unexpected interest rate cut by the Riksbank, signalling potential ripples across commodities and mining sectors.

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Market Close 8 May 24: A 2-billion-dollar deal results in the worst performer

Wed, 08 May 2024 06:48:36 +0000

The market has remained stagnant today following several days of gains that saw the market up 3%. Laura and Stevie discuss the slow to this winning streak, look at some of the big movers both internationally and at home, and unpack what to expect overnight.

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Morning Report 8 May: Aussie shares to extend gains as Dow Jones continues winning streak

Tue, 07 May 2024 21:05:06 +0000

With US stocks consolidating and Aussie shares expected to build on recent gains, the focus is on the Reserve Bank of Australia's surprising decision regarding interest rates. Despite an upgrade in inflation forecasts, the RBA maintained a neutral stance, leaving investors grappling with mixed signals. Tom and Ryan dissect the complexities of the RBA's messaging and its implications for market sentiment.

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Market Close 7 May 24: Australian shares power higher as investors see interest rates remain steady for longer

Tue, 07 May 2024 06:36:34 +0000

Craig and Steve today deep dive into the data that came out of the reserve bank board decision and how that data impacted the local market as interest rates remained on hold. With us ultimately seeing a third day of gains for the Aussie market Craig and Steve look at the winners across each of the sectors - with 9 in every 10 companies seeing increases, and look at the economic indicators expected overnight.

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Morning Report 7 May 24: Aussie shares expected to lift ahead of interest rate decision

Mon, 06 May 2024 21:00:18 +0000

US investors return with optimism, driving a positive start to the week with the Dow Jones, S&P 500, and NASDAQ all posting gains. The Philadelphia Semiconductor Index also sees a notable rise. Amidst discussions on potential interest rate cuts by the US Federal Reserve, Tom and Ryan navigate through the intricacies of market sentiment, buoyed by solid earnings reports and geopolitical developments, including a ceasefire proposal in the Israel-Hamas conflict. And attention shifts to Australia's Reserve Bank today, set to announce its interest rate decision against a backdrop of strong domestic inflation and tightening job market conditions.

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Market Close 6 May 24: Aussie shares up piggybacking on strong US lead

Mon, 06 May 2024 06:44:08 +0000

There has been another small lift for Aussie investors to start the week – a third consecutive trading day of gains. Craig and Steve unpack this and discuss the market sentiment as an interest rate decision nears. They look at the performance of each of the sectors, talk through the stand out stocks that have caught their eye, and look at the economic data to expect in the coming day.

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Morning Report 6 May 24: Interest rate relief pushes stocks higher

Sun, 05 May 2024 21:03:16 +0000

Join Tom and Ryan as they deep dive into the impact of falling bond yields and interest rate expectations on Australian shares, particularly emphasising the potential implications for property, technology, and consumer discretionary stocks. They analyse Wall Street's recent surge following hints of a potential softening stance on US inflation in the wake of Friday's job data, and speculate on the Reserve Bank's stance at this week's meeting. Additionally, they discuss corporate earnings reports, focusing on Westpac's anticipated results and the broader performance of the financial sector.

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Market Close 3 May 24: Aussie shares clear significant hurdles to end the week higher

Fri, 03 May 2024 06:44:07 +0000

Craig joins Laura once again today on a day that was positive for the Aussie market with a second straight run of gains following the mid-week falls. They unpack the latest economic data, look at the stocks that saw large movements today, and pre-empt what could be on the cards across the weekend.

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Morning Report 3 May 24: Aussie shares expected to end the week higher as US job report eyed

Thu, 02 May 2024 20:59:59 +0000

Tom and Ryan delve into the resurgent technology sector leading Wall Street higher, with a focus on US Federal Reserve Chair Jerome Powell's reassuring message to markets. They dissect the impact on rate-sensitive technology shares, Glencore's rumoured interest in entering the Anglo-American takeover discussion, and the release of US non-farm payroll figures.

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Market Close 2 May 24: A better day for the Aussie market ahead of US jobs figures

Thu, 02 May 2024 06:36:27 +0000

The US markets caught attention last night with interest rate discussions suggesting that it isn’t all doom and gloom. Laura and Craig discuss this announcement which ruled out rate hikes, how the jobs figures could shift the Aussie market at the end of the week, and the performance that we saw today.

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Morning Report 2 May 24: ASX to slip despite Powell soothing rate jitters

Wed, 01 May 2024 20:59:43 +0000

In a whirlwind day on Wall Street, investors hang on every word from Jerome Powell, causing a roller coaster of market reactions. Meanwhile, Aussie shares brace for a lower opening amidst anticipation for National Australia Bank's key earnings report.

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Market Close 1 May 24: Markets cautious ahead of US rate decision

Wed, 01 May 2024 06:41:02 +0000

The market has declined today following in the footsteps of international movements. Laura and Stevie recap the sector performances of the past month and then look to their performance today. They talk through some of the big market movers for the day and look to what could lie ahead for the Aussie market ahead of upcoming international announcements.

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Morning Report 1 May 24: ASX to drop as hot US labour data sinks Wall Street

Tue, 30 Apr 2024 20:59:20 +0000

US stocks faced downward pressure overnight due to reinvigorated inflation concerns, leading to expectations of a similar trend in Aussie shares, anticipated to start May on a negative note after experiencing their worst month since October. Stronger wages data in the US fuelled fears of inflation and prompted a downturn in the stock market, which could result in a hawkish pivot by the US Federal Reserve at tonight's meeting. Tom and Ryan also discuss developments in commodity markets, such as fluctuations in oil and gold prices, along with Australian home price data and the ongoing BHP-Anglo American deal.

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Market Close 30 Apr 24: Investors cautious ahead of key US events

Tue, 30 Apr 2024 06:22:33 +0000

US key earnings results and market moving data are expected this evening, Craig and Stevie discuss what investors should be watching and the impact that this could have on the market. While performance has been mixed today, they unpack each of the sectors looking at the big winners and losers, give an update on interest rate expectations, and what to expect in the days ahead.

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Morning Report 30 Apr 24: Tesla drives Wall Street higher with Aussie shares expected to edge higher

Mon, 29 Apr 2024 21:33:33 +0000

Amidst a bustling week of corporate updates, Wall Street sees incremental gains, pushed by Tesla's remarkable overnight surge of 15%. The Dow Jones edging slightly upward and NASDAQ following suit, while retail spending data and promising earnings reports fuel investor optimism. Despite ongoing pullbacks, market sentiment remains buoyant with the majority of US companies surpassing expectations. Anticipation builds as Amazon prepares to report earnings, though Apple faces anticipated challenges.

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Market Close 29 Apr 24: Aussie stocks bounce back following abrupt drops last week

Mon, 29 Apr 2024 06:32:54 +0000

The nasty falls of last Friday have seen some recovery following US performance over the weekend. Laura and Stevie unpack this US performance and the inflation data that drove those moves. They look to local markets where the majority of the sectors are in the green, talk through some of the big movers, and what to expect for the week ahead.

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Morning Report 29 Apr 24: Aussie shares set to rebound after Wall Street's strongest week since November

Sun, 28 Apr 2024 20:50:30 +0000

Aussie shares are anticipated to make a comeback after Friday's turmoil according to Ryan and Craig, buoyed by Wall Street's stellar performance, which marked its best week since November. The investment in AI and cloud computing seems to be paying off with gains from Microsoft, Amazon and Nividia, albeit Apple experienced a decline. The US central bank is due to meet again, with analysts expecting rates to hold steady, echoing the concerns that inflation is here to stay until at least September.

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Market Close 26 Apr 24: One of the worst days this year for the Aussie market

Fri, 26 Apr 2024 06:41:29 +0000

Despite the public holiday yesterday and school holidays which would usually result in a quiet week the market was anything but quiet. Laura and Stevie unpack the declines on a day that has seen movement amid interest rate conversations, the US data that also played a part, and look at some of the big movers – one in particular playing a huge part in the losses of today.

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Morning Report 26 Apr 24: ASX to drop with BHP's bid for Anglo American in focus

Thu, 25 Apr 2024 20:56:45 +0000

Join Ryan and Craig as they dissect the market implications of BHP's bold bid to take over Anglo American, with a keen eye on the copper market. Stagflation is on the minds of analysts as inflationary pressures persist, while the facebook parent company Meta stumbles in revenue, alongside IBM and Caterpillar's. AstraZeneca however made an ascent, while Alphabet rockets skyward with a breathtaking 12% surge.

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Market Close 24 Apr 24: A knee-jerk reaction to quarterly inflation data

Wed, 24 Apr 2024 06:17:04 +0000

The market ran out of steam today as trepidation prevailed following quarterly inflation data. Laura and Stevie discuss the impact that this data had on the local market and what this could mean for interest rate decisions. They unpack each of the sectors, look at the company updates that shifted stocks today, and what to expect for the remainder of the week.

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Morning Report 24 Apr: Aussie shares to rise with inflation figures in focus

Tue, 23 Apr 2024 21:04:59 +0000

Join hosts Ryan and Tom as they unpack Wall Street's overnight climb and the expected lift the Aussie market could see as earning's from S&P500 companies are made public. All eyes though are on the consumer price index with projections indicating a 3.8% underlying rate of inflation,

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Market Close 23 Apr 24: Aussie market continues rebound following the recent tumble

Tue, 23 Apr 2024 06:45:17 +0000

US markets lifted last night and the Aussie market has followed suit as it continues to bounce back from the tumble of last week. Laura and Stevie again reflect on the role that interest rate discussions continue to play, discuss the quarterly inflation data that we can expect out this week and the impact that could have on the market, and discuss the negative market sentiment despite many of the sectors today being in the green.

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Morning Report 23 Apr 24: ASX to lift as Wall Street jumps ahead of big US earnings

Mon, 22 Apr 2024 20:48:48 +0000

Join Ryan and Tom as they anticipate an eventful week ahead in the markets, featuring earnings reports from 180 S&P 500 companies and crucial inflation data. Tesla's downward trend persists, reaching a 15-month low, while momentum builds following Friday's significant sell-off.

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Market Close 22 Apr 24: Aussie shares rebound ahead of key inflation data

Mon, 22 Apr 2024 06:43:25 +0000

Last Friday we hit a 2-month low on the market, Laura and Craig unpack how the market has shifted since that session in light of the ongoing geopolitical conflict and continuing discussions around interest rates. They look at the individual stocks that have made moves today and look at what could be on the slate in the day ahead.

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Morning Report 22 Apr 24: Geopolitical conflict only one factor in Aussie stock decline

Sun, 21 Apr 2024 21:03:46 +0000

Geopolitical tensions are front of mind for many investors at the moment as they played a part in driving Aussie stocks lower over the weekend. Tom and Ryan reflect on the strength of the past two quarters and investigate this tumultuous period on the market alongside the headlines to see if there could be more to it. They look at data that could shift the market in the coming week, the relationship between bonds and stocks, and performance of the European markets.

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Market Close 19 Apr 24: Conflict in the Middle East pushes market to two-month low

Fri, 19 Apr 2024 06:40:01 +0000

The gains of yesterday have been wiped out today. Laura and Stevie reflect on a nasty session for a market that has only seen one improvement in the past eight days. The conflict in the Middle East is playing a part in these declines, as are inflation and interest rate discussions. They reflect on a tumultuous week that has resulted in all sectors declining and pre-empt what could be on the cards in the days ahead.

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Morning Report 19 Apr 24: Netflix shares lower despite better than expected earnings

Thu, 18 Apr 2024 21:08:13 +0000

The stock and interest rate dynamic is in focus once again following manufacturing data released overnight. Tom and Craig unpack international market performance analysing the overall trend of cautiousness, discuss the earnings data released by Netflix which saw subscriber numbers skyrocket, and look at what could be on the cards for the Aussie market today.

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Market Close 18 Apr 24: Aussie market reacts to unemployment data

Thu, 18 Apr 2024 06:23:18 +0000

The losing streak has come to an end today despite falling US markets, Laura and Stevie unpack this shift which may have been influenced by jobs data released today. Most of the sectors are in the green and so they look at these gains, check out some of the big movers and look at what is coming before the weeks end.

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Morning Report 18 Apr 24: Aussie investors on edge ahead of key employment figures

Wed, 17 Apr 2024 21:00:56 +0000

Tom and Craig join you this morning to unpack a market that investors are struggling to feel confident within. Concern around interest rates has seen international markets remain flat or decline overnight. Tom and Craig discuss the Beige Book in relation to this, look at some of the winners and losers on the market overnight, and preempt what to expect locally today.

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Market Close 17 Apr 24: A flat session – but still some standouts

Wed, 17 Apr 2024 06:44:14 +0000

The Aussie market has remained flat following the significant tumble of the past few days. Laura and Stevie unpack this directionless session with rate cut discussions still in focus - albeit bringing no new surprises to the table. They look at the best and worst performers across the sectors, the companies that paid dividends today, and what is to come in the day ahead.

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Morning Report 17 Apr 24: Aussie shares to slip as Powell confirms delay in rate cuts

Tue, 16 Apr 2024 20:54:16 +0000

Fed Chair Jerome Powell dropped hints about delaying rate cuts, possibly causing Aussie shares to dip, but the market stayed relatively calm. The question now is - will it stay that way? United Health scored big with revenue just shy of a billion, while Johnson & Johnson stumbled a bit. Tesla's still feeling the squeeze thanks to company-wide layoffs, and in Europe, they're eyeing rate cuts for June despite expected delays in the US, setting the stage for potential market divergence.

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Market Close 16 Apr 24: Aussie market sinks to two month low

Tue, 16 Apr 2024 06:37:31 +0000

The Aussie market has continued to drop today making for one of the worst days this year. Laura and Stevie unpack this two month low looking at what has driven the decline, with US and China data leading the charge. All sectors are down, more dividends are paid out, and they look at the upcoming data that could move markets.

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Morning Report 16 Apr 24: ASX to drop following shock jump in US spending

Mon, 15 Apr 2024 21:23:54 +0000

Despite expectations, retail spending surged in March, particularly among lower income earners, defying projections according to Tom and Ryan. The S&P500 experienced a significant overnight fluctuation, initially rising close to a percent before ultimately falling by 1.2%, signalling unpredictable market behavior. Today, Chinese production data is set to be released, with investors nervous as to how this could impact the ASX.

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Market Close 15 Apr 24: Aussie market slides for a third day

Mon, 15 Apr 2024 06:39:34 +0000

The market continued the three-day decline today following what has been months of gains. Laura and Stevie unpack the drivers that have knocked the market and sent 9 of the 11 sectors into the red. Tensions in the Middle East and US bank data are discussed, and The Star Casino is back in the headlines. Laura and Stevie also look at the upcoming market movers in the days ahead, and the dividend payments to expect.

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Morning Report 15 April 24: Middle-East conflict and bank earnings point to a lower start for the ASX

Sun, 14 Apr 2024 21:01:05 +0000

The spectre of instability in the Middle East loomed large over the weekend, with analysts pointing to it as one of the primary factors affecting market sentiment. Adding to the economic uncertainty, interest rates dipped and bonds followed suit, reflecting investors' cautious outlook.

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Market Close 12 Apr 24: Dominos share price sliced

Fri, 12 Apr 2024 06:47:44 +0000

Friday finishes with a modest improvement from last week. Laura and Stevie reflect on the past few days which were fuelled by conversations around inflation and rate cuts, look at why the majority of the sectors are falling, and unpack the winners and losers. US earnings data could impact the days ahead, and they look at the most important thing to watch locally next week.

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Morning Report 12 Apr 24: S&P 500 and NASDAQ end higher on soft inflation data, ASX to dip

Thu, 11 Apr 2024 20:58:59 +0000

Despite initial predictions of a downturn, the Aussie market defied expectations, avoiding a significant fall. Tech-related stocks regained strength following the release of producer data, and bond traders are strategically positioning themselves for the likelihood of interest rates remaining elevated.

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Market Close 11 Apr: Markets dip on hotter US inflation

Thu, 11 Apr 2024 06:22:03 +0000

Stevie and Laura let out a sigh of relief with the Aussie market closing better than expected following hair-raising inflation data out of the US that left many investors spooked. However, hopes for a June rate cut have been completely quashed, sitting at a mere 16% chance. In the Australian market three sectors saw gains, while interest rate-sensitive sectors like property and technology declined.

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Morning Report 11 Apr 24: ASX to fall following shock US inflation data

Wed, 10 Apr 2024 20:57:26 +0000

Tom and Ryan join you fresh off the close of the US market this morning following hotter than expected inflation data that has likely quashed discussions of a rate cut in June. They unpack this data revealing how far from target it was, bonds are back in the conversation and they look at how market sentiment has shifted each of the sectors.

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Market Close 10 Apr 24: What to watch in the next 24 hours

Wed, 10 Apr 2024 06:43:03 +0000

The Aussie market has continued the 3-day winning streak today. Laura and Stevie unpack the inflation data that continues to impact market sentiment and run through the things to watch in the day ahead. NZ interest rates are discussed, they whip around each of the sectors, and the look at some of the big market movers for today.

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Morning Report 10 Apr 24: ASX to rise as markets brace for US inflation data

Tue, 09 Apr 2024 20:58:33 +0000

Hear from Tom and Ryan as they unpack the soaring trajectory of gold prices and how tomorrow's US inflation data could impact the market.

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Market Close 09 Apr 24: Iron ore miners drive stocks higher for second day

Tue, 09 Apr 2024 06:33:44 +0000

Laura and Stevie start the episode today analysing a flat US performance and how that has impacted the Australian market in the past few days before unpacking the performance of each of the sectors locally. Iron ore prices receive attention as does lithium, and consumer confidence is put under the microscope.

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Morning Report 9 Apr: Aussie shares to open higher as investors await the key event of the week

Mon, 08 Apr 2024 20:54:52 +0000

Wall Street ends on a flat note in anticipation of key CPI figures, as the Aussie market gains momentum. Bond yields continue their upward trend, signaling potential shifts in market dynamics, while the likelihood of a rate cut in June falls below 50%. Tesla shares see a boost after Elon Musk's robotaxi announcement but remain among the year's worst performers.

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Market Close 08 Apr 24: A tepid start to the week for the Aussie market

Mon, 08 Apr 2024 06:41:25 +0000

The market was in decline last week but today has seen some modest gains. Laura and Stevie discuss the international jobs data that impacted the market and unpack the sectors, most of which have seen a raise today. Qantas’ revamped rewards program has resulted in gains for their shares today, and Beach Energy and Elders have gone the other way as two of the worst performers on the market.

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Morning Report 8 Apr 24: Hot US jobs set to give Aussie market a lift

Sun, 07 Apr 2024 20:49:28 +0000

US stocks are rallying following a stronger-than-expected employment report, with Australian stocks poised for gains as well. The likelihood of a rate cut in June is diminishing, currently standing at 52%, as economic stability is bolstered by a rise in the labor force participation in March.

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Market Close 5 Apr 24: Aussie market hits a two week low

Fri, 05 Apr 2024 05:41:40 +0000

The market stumbled after some small gains today. Laura and Stevie reflect on the holiday shortened week which hasn’t seen too many wins, unpack the volatility that we have seen, and look at what could impact markets over the weekend. Jobs data is in focus, they look at each of the sectors, and look at some of the best and worst performers.

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Morning Report 5 Apr 24: Aussie shares are poised to slip as US rally wiped out by rising oil prices

Thu, 04 Apr 2024 19:51:25 +0000

Aussie shares are on the brink of decline, mirroring the erasure of gains in the US market due to escalating oil prices. Amidst this downturn, investors are exercising caution, particularly in light of impending jobs data from the US, which could sway market sentiment. Levi's stocks have surged by 14% due to efficient cost-cutting measures and the introduction of popular clothing lines. Conversely, Lamb Western, bloc, and Ulta Beauty have faced setbacks,

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Market Close 4 Apr 24: Markets bounce back following yesterday’s losses

Thu, 04 Apr 2024 05:39:49 +0000

The market has started to bounce back today following a rough day yesterday. Laura and Stevie discuss the US data that drove this move last night. All of the sectors are up and so the winners get looked at across these and with more data coming out of the US in the night ahead Laura and Stevie look at what this could mean for investors.

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Morning Report 4 Apr 24: US share markets mixed following Fed Chair speech

Wed, 03 Apr 2024 19:54:29 +0000

Following its worst session, Aussie shares are anticipated to stage a rebound, buoyed by renewed investor confidence. Meanwhile, Wall Street has found its footing after a brisk sell-off, offering a steadying influence on global markets. Investors are recalibrating their predictions on potential rate cuts, with a keen eye on how the US market responds and stabilises in the wake of this adjustment.

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Market Close 3 Apr 24: Largest decline in weeks for the Aussie share market

Wed, 03 Apr 2024 05:36:35 +0000

It was the worst day in 3 weeks today for the Aussie share market following a strong run. Laura and Stevie look at what could have caused this shift and what it means in the grand scheme of things. They unpack each of the sectors – many of which are in the red, look at the stocks that continue to hold strong amid a falling market, and what to watch in the day ahead.

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Morning Report 3 Apr 24: Wall street falls as Tesla drops and rate cut timing weighed

Tue, 02 Apr 2024 20:00:39 +0000

What seemed like good news initially, now appears to have a darker undertone as economic data from the US suggests that three rate cuts may not be necessary after all. And, it's all eyes on oil for Tom and Ryan with prices inching higher, breaching the upper bound, currently at $85 a barrel.

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Market Close 2 Apr 24: What the RBA minutes could mean for interest rate cuts

Tue, 02 Apr 2024 05:44:38 +0000

Laura and Stevie are back to recap the Easter break, and in a word it has been ‘quiet’. With many markets closed there was a quiet start, but they unpack why that isn’t something to be concerned about. The RBA minutes lead the conversation today as do interest cuts, and they look into what upcoming data could impact the market. The sectors get analysed, they look at the winners and losers, and some changes to wine tariffs that could be good news for investors.

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Market Close 28 Mar 24: Aussie market hits highest level ever

Thu, 28 Mar 2024 05:43:41 +0000

Laura and Stevie join us for the final trading day before the long weekend. The record high was cracked again today, aided by the US market and Australian inflation data. Off the back of a fifth straight month of gains Laura and Stevie look at the quarter as a whole, investigate how the sectors performed, and pre-empt what could be on the cards for the upcoming short week.

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Morning Report 28 Mar 24: Aussie shares expected to end the quarter up 3%

Wed, 27 Mar 2024 19:57:44 +0000

Tom and Ryan reflect this morning on a quarter that has seen some huge wins and is expected to end up 3%. While each morning sees them in the weeds, today they look at the bigger picture unpacking the movers and shakers, looking at what to expect across the long weekend, and they also whip around the international markets.

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Market Close 27 Mar 24: Inflation data boosts the market today

Wed, 27 Mar 2024 05:47:17 +0000

The market opened flat today and looked to continue that way until inflation data was released. This data inched the market closer to record highs, and Stevie and Laura unpack this data by delving into everything from petrol prices to Taylor Swift. They reflect on the mixed week that the market has seen, discuss the unpredictability of a shortened week, and look at some of the best and worst performers.

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Morning Report 27 Mar 24: Wall street gains with Aussie inflation data in focus

Tue, 26 Mar 2024 19:58:58 +0000

The ASX could see gains today as key inflation data is set to be released, continuing the two-week long global focus on inflation. The US and UK markets are showing resilience, meanwhile the Swiss franc continues to face pressure since its rate cuts were announced last week. Could this be a warning of what's to come? Ryan and Tom break it down.

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Market Close 26 Mar 24: Caution ahead of inflation data

Tue, 26 Mar 2024 05:37:39 +0000

The market experienced a rollercoaster ride recently, with yesterday inching close to a record high only to retract gains today. Despite encouraging numbers indicating a decrease in inflation, consumer sentiment data reveals ongoing concerns about the cost of living among Australians.

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Morning Report 26 Mar 24: Wall Street dips following strong week

Mon, 25 Mar 2024 19:49:04 +0000

US markets have lacked movement in either direction despite a positive week last week. Tom and Ryan unpack what to expect as the likely market movers across this short week, discuss bond yields, and look into how oil prices could impact Australian markets today.

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Market Close 25 Mar 24: Aussie market closes in on record high

Mon, 25 Mar 2024 05:41:20 +0000

It may be a short week but it won’t be a week that is short of action! Stevie and Laura talk through what to expect and unpack each of the sectors on a day where the Aussie market neared a record high. They run through the winners and losers on the market today, lithium is back in focus, and they look to the day ahead.

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Morning Report 25 Mar 24: S&P 500 posts best weekly gain of the year

Sun, 24 Mar 2024 19:52:12 +0000

Last week's rollercoaster ride through the financial markets left investors reeling. What began as a promising surge ended on a surprisingly damp note. Amidst predictions of imminent rate cuts, the Federal Reserve's reassuring words sent the S&P 500 soaring to its best week of the year. However, skepticism lingers among observers regarding the feasibility of rate cuts, contrasting with the bond market's seemingly optimistic stance.

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Market Close 22 Mar 24: A damp end to an eventful week

Fri, 22 Mar 2024 05:39:27 +0000

It has been an ‘everything but the kitchen sink’ kind of week this week. Craig and Laura unpack the how international markets impacted Australia and ultimately resulted in a damp end to the week for investors. The economy and interest rates remain in focus, dividends are under the microscope, and they look ahead to the coming days.

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Morning Report 22 Mar 24: Wall street hits record highs as Swiss national bank cuts interest rates

Thu, 21 Mar 2024 20:00:26 +0000

There were big gains in the US market overnight as the Swiss national bank became the first central bank to cut rates - stealing everyone else's thunder. And although market's across Europe reacted positively, there were tumbleweeds here is Aus, baffling Tom and Ryan.

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Market Close 21 Mar 24: The best day in 7 weeks

Thu, 21 Mar 2024 05:49:15 +0000

It was a busy day in terms of economic data and that has driven the stock market today. Laura and Stevie unpack the moves on what is one of the best days that we have seen recently. They address interest rates and what could be on the way there, employment figures, and look at what to expect in the coming days.

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Morning Report 21 Mar 24: US stocks hit record highs as fed pencils in future rate cuts

Wed, 20 Mar 2024 19:56:50 +0000

Tom and Ryan unpack the recent US interest rate decision, which saw rates remaining unchanged but with promising remarks hinting at potential cuts, igniting positive market reactions. Despite initial speculations, analysts now foresee three rate cuts in 2024, fuelling investor optimism and propelling the S&P500 index to record highs above 5200 points, with Paramount leading the charge.

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Market Close 20 Mar 24: Not going anywhere fast

Wed, 20 Mar 2024 05:45:11 +0000

It's been another uninspiring session today, breaking the two day streak of modest gains. But there's still lots to look forward to according to Laura and Craig. Tomorrow, the US Federal Reserve will announce its decision on inflation, potentially sparking market movements across the globe. The big winner today was energy, while a retirement announcement saw the world largest consumer packaging company crowned as the losers.

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Morning Report 20 Mar 24: Aussie shares poised to rise today

Tue, 19 Mar 2024 19:56:27 +0000

NVIDIA made headlines overnight. Tom and Ryan discuss the announcement that saw them in the spotlight and how it impacted markets. They deep dive into interest rate discussions, whip around the international markets, and unpack the impact of yesterday’s RBA meeting.

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Market Close 19 Mar 24: Are interest rate cuts on the cards?

Tue, 19 Mar 2024 05:50:45 +0000

The RBA took center stage today with its latest interest rate decision, maintaining the status quo by keeping rates on hold. While this outcome was expected, the market responded with a mix of excitement and volatility. Delving into the depths of the RBA's 700 page document, Stevie and Laura uncover the hints suggesting a potential rate cut could be looming on the horizon.

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Morning Report 19 Mar 24: Big tech starts the week on the front foot

Mon, 18 Mar 2024 19:56:27 +0000

The US market is up this morning as Tom and Ryan unpack the big movers looking at why they have seen the gains or losses that they have. They discuss the heights of the oil price, the upcoming RBA decision, and the meetings that could impact the market in the day ahead.

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Market Close 18 Mar 24: Caution ahead of interest rate decision

Mon, 18 Mar 2024 05:51:07 +0000

After last week's lacklustre performance, momentum has been rising at a snail's pace, but with exciting events on the horizon - aka interest rate decisions - Stevie and Laura are looking ahead.

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Morning Report 18 Mar 24: Why market sentiment could remain pensive this week

Sun, 17 Mar 2024 19:49:46 +0000

US markets are in focus this morning with Tom and Ryan as they recount the continuation of market drops over the weekend. They discuss investor sentiment in the current climate, the impact of energy price rises on the various sectors and ultimately the market, and share their expectations for Australian investors this week.

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Market Close 15 Mar 24: Worst week since September

Fri, 15 Mar 2024 05:53:11 +0000

The market ended the week with some steep losses after only three sectors managed to gain. Today, Laura is joined by Craig to discuss who was in the news today, which sectors managed to lift and what data to look out for next week.

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Morning Report 15 Mar 24: Australian shares set to slide today

Thu, 14 Mar 2024 19:51:13 +0000

US stocks are lower today following warmer than expected inflation data. Tom and Ryan discuss the possibility of rate cuts amid the current climate, unpack the rising house prices in the US, oil demand, and address the outlook for a lower Australian market this morning.

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Market Close 14 Mar 24: A day of mixed fortunes

Thu, 14 Mar 2024 06:03:28 +0000

The Aussie market was lower after a session dominated by two sectors. Craig and Stevie are back to discuss what impacted these sectors, which company is buying back their shares and which Telco was boosted after landing a significant contract today?

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Morning Report 14 Mar 24: Why is copper soaring?

Wed, 13 Mar 2024 19:46:32 +0000

U.S sharemarkets are mixed as investors continue to digest inflation data. European shares hit record highs. Copper soars to eleven month highs on Chinese output cuts while oil jumps 2% to four month highs. Plus this mornings AUD.

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Market Close 13 Mar 24: Why lithium stocks were in focus today

Wed, 13 Mar 2024 05:39:25 +0000

Craig joins Laura today to unpack the market on a day where lithium stocks were in focus. US inflation data failed to impact the market too much today despite that data being hotter than expected. They share predictions around the commodity sector and for the day ahead.

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Morning Report 13 Mar 24: A look into hot U.S inflation figures

Tue, 12 Mar 2024 19:40:14 +0000

The NASDAQ rises 1%, traders keep rate cut bets. Ryan and Tom review hot U.S inflation figures. Chip stocks lead gains in U.S share markets. Plus this mornings commodities and the AUD.

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Market Close 12 Mar 24: Calm before the storm

Tue, 12 Mar 2024 05:41:47 +0000

The market was largely flat on Tuesday with the energy sector leading the falls. Join Laura and Stevie as they discuss why the Aussie market is bracing for US inflation data, which stocks are trading ex-div this week and what to look out for over the coming week.

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Morning Report 12 Mar 24: Boeing shares drop after plane plummets

Mon, 11 Mar 2024 19:49:09 +0000

The S&P 500 and Nasdaq dipped as investors brace for U.S inflation data. Meanwhile artificial intelligence and mega cap growth stocks continue to decline. Ryan previews Aussie consumer and business confidence data. And iron ore plunges 7%. Plus this mornings AUD.

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Market Close 10 Mar 24: Worst day in a year

Mon, 11 Mar 2024 05:44:34 +0000

Join Stevie and Laura as they discuss what's been the worst ASX's worst performing day in almost a year.

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Morning Report 11 Mar 24: Mixed earnings for leading tech names

Sun, 10 Mar 2024 19:45:37 +0000

Wall Street ends lower despite improved prospects of rate cuts. Leading tech names moderate following mixed earnings. Futures point to a lower open for the Australian market. Plus this mornings commodities and the AUD.

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Market Close 08 Mar 24: Best day in 5 weeks

Fri, 08 Mar 2024 06:21:01 +0000

Today, the Aussie market hit another record high with 10 out of the 11 sectors showing gains. Stevie and Laura return to discuss the factors that contributed to today's gains, the company that received a premium takeover offer, and what's on the agenda for next week.

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Morning Report 08 Mar 24: Weight loss drug attracts more investment

Thu, 07 Mar 2024 19:51:58 +0000

The S&P 500 hit record highs as chip stocks extend rally. Meanwhile the European Central Bank moves closer to rate cuts. Novo Nordisk shares jump on the back of promising weight loss trial results. Plus this mornings commodities and the AUD.

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Market Close 07 Mar 24: Market approaching a fresh record

Thu, 07 Mar 2024 06:09:16 +0000

The market finished up today with all but two sectors finishing higher. Stevie and Laura discuss how data out of China impacted our market, which stocks trading ex-div dragged the market today and the airline promising pets on board flights.

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Morning Report 07 Mar 24: Fed Chair speech moves Wall Street

Wed, 06 Mar 2024 19:48:47 +0000

Wall Street pushes higher as investors take comfort from Fed Chair speech. Aussie shares set to kick off in positive territory. Miners in focus following a commodity rebound. Plus this mornings commodities and AUD.

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Market Close 6 Mar 24: How Economic growth data impacted the market

Wed, 06 Mar 2024 05:35:28 +0000

It was a flat performance once again today. Laura and Stevie unpack what may have been behind this cautious market by deep diving into the economic growth figures. They discuss each of the sectors, the recent gains in the gold, and look at what could impact the market in a big day ahead.

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Morning Report 06 Mar 24: Tesla facing fallout from arson attack

Tue, 05 Mar 2024 19:55:13 +0000

Apple shares drop as iPhone sales decline in China. Meanwhile Tesla shares slip after a suspected arson attack. Bitcoin and Gold hit record highs. Plus this mornings commodities and the AUD.

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Market Close 05 Mar 24: Gold sparkles in dull day for ASX200

Tue, 05 Mar 2024 05:55:06 +0000

The market fell today with 7 of the 11 sectors lower today. Join Stevie and Laura to discuss which sectors did well today, what led to the market falling and which companies are about to go ex-div.

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Morning Report 05 Mar 24: Apple fined and Tesla drops

Mon, 04 Mar 2024 19:55:49 +0000

Wall Street slips after a record breaking rally. Apple is fined by the E.U for using the App Store to thwart competition. Tesla drops the most since January and gold hits a 3 month high. Plus this mornings commodities.

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Market Close 04 Mar 24: 3rd straight record high for ASX200

Mon, 04 Mar 2024 05:56:03 +0000

Another day, another record high for the ASX200! Stevie and Laura break down who were the winners and losers today, which sectors performed well and what economic data to look out for this week.

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Morning Report 04 Mar 24: Why growth numbers are impacting the market

Sun, 03 Mar 2024 19:52:26 +0000

U.S stocks hit new record highs. Moderating growth outcomes stoke hopes for rate cuts. The Aussie share market looks pensive ahead of growth numbers later this week. Plus this mornings commodities and the AUD.

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Market Close 01 Mar 24: Aussie shares storm to fresh record highs

Fri, 01 Mar 2024 05:53:03 +0000

The market started March off strong, hitting another record high for a second consecutive day. Craig and Steve discuss what sectors did well today, what companies we’re going to get profit results from next week and what economic data to look out for.

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Morning Report 01 Mar 24: Aus home prices set record pace

Thu, 29 Feb 2024 19:44:26 +0000

Wall Street mixed as investors assess inflation data. Advanced Micro Devices hits record highs on the back of an A.I rally. Aussie home prices lift at the fastest pace since October. Plus this mornings commodities and the AUD.

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Market Close 29 Feb 24: ASX hits record high!

Thu, 29 Feb 2024 05:54:59 +0000

The ASX200 hit a record high just before market close today and Laura is joined by Craig to discuss what led to these results. They discuss which company topped the winners list, who fell due to the success of a weight-loss drug and what’s coming up at the end of the week

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Morning Report 29 Feb 24: What's in store for the end of reporting season?

Wed, 28 Feb 2024 19:44:55 +0000

Wall Street moderates ahead of key inflation figures. Local stocks seen opening lower as we move into the final stages of the reporting season. And the AUD remains under pressure following cooler inflation numbers. Plus this mornings commodities.

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Market Close 28 Feb 24: Inflation? Nothing to see here...

Wed, 28 Feb 2024 05:32:10 +0000

There’s little to show for the choppy day of trading today, with yet another session closing flat which according to Stevie and Laura, isn’t a big surprise. Inflation data was also handed down today which had little impact on the market, standing at 3.4% compared to the 3.6% that was expected. Winners of the day were telecoms and energy, while Lithium stocks fell.

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Morning Report 28 Feb 24: How will key inflation data affect markets?

Tue, 27 Feb 2024 19:58:06 +0000

Wall Street waivers ahead of key inflation data. Oil prices rise as OPEC considers extending output cuts. Ryan previews Aussie inflation data. Plus this mornings commodities and the AUD.

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Market Close 27 Feb 24: Stocks edge higher ahead of inflation data

Tue, 27 Feb 2024 05:45:21 +0000

Another day has been added to the winning streak with the market ending higher on Tuesday. Today, Stevie and Laura chat about what stocks caught their eye, which sector had the biggest impact on the market today and what to look out for over the rest of the week

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Morning Report 27 Feb 24: How will Wall Street respond to inflation test?

Mon, 26 Feb 2024 19:52:41 +0000

Wall Street is mixed ahead of a key inflation test. Meanwhile Domino's pizza beats Wall Street expectations. Ryan previews Woodside Energy’s earnings results. Plus this mornings commodities and the AUD.

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Market Close 26 Feb 24: Market lifts for a third day

Mon, 26 Feb 2024 05:57:25 +0000

In todays episode, Stevie and Laura discuss why the market finished flat, which sectors did well and what to look out for this week.

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Morning Report 26 Feb 24: Looking ahead to local inflation figures

Sun, 25 Feb 2024 19:50:34 +0000

U.S stocks consolidate on Friday following strong gains earlier in the week. Investors look ahead to key inflation figures locally. And the ASX 200 set to kick off marginally higher. Plus this mornings commodities and the AUD.

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Market Close 23 Feb 24: Friday, the best day of the week

Fri, 23 Feb 2024 06:15:16 +0000

Stevie and Laura return with the final update of this week, on a day when the market closed higher. They discuss the stocks that influenced the US stock market, the companies that posted unexpected profit results, and what to anticipate for the next week.

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Morning Report 23 Feb 24: How did NVIDIA's results affect markets?

Thu, 22 Feb 2024 19:51:14 +0000

A.I poster child NVIDIA’s bumper results propelled U.S shares to record highs. Moderna popped 15% after the company posted a surprise profit. European share markets closed at all time highs. Plus this mornings commodities and the AUD.

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Market Close 22 Feb 24: An avalanche of profits results leaves shares flat

Thu, 22 Feb 2024 05:58:35 +0000

The market closed mostly flat today, gaining by under 3 points. Today, Laura is joined by Craig to chat about profit results, which US company might impact markets tomorrow and which companies faced cost of living pressures.

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Morning Report 22 Feb 24: NVIDIA results move Wall Street

Wed, 21 Feb 2024 19:45:40 +0000

Wall Street tumbles ahead of A.I darling NVIDIA’s results. U.S Federal Reserve officials flag risks of cutting rates too quickly. And European miners are under pressure. Plus this mornings commodities and the AUD.

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Market Close 21 Feb 24: Woolworths in focus as the market falls today

Wed, 21 Feb 2024 05:33:26 +0000

The market has had another down day today. Laura lifts the vibe with a joke to start and her and Stevie unpack the second day of losses as markets dance around record highs. They deep dive into the corporate earnings that were released today, the three sectors that saw gains, and look to what could be ahead for the market.

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Morning Report 21 Feb 24: Huge week for company earnings

Tue, 20 Feb 2024 19:55:33 +0000

Chip maker NVIDIA leads a tech decline. Meanwhile retailer Walmart hits record highs. Ryan previews Aussie wages data. Plus this mornings commodities and the AUD.

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Market Close 20 Feb 24: How talk of rate hikes impacted the market

Tue, 20 Feb 2024 05:41:30 +0000

It has been a volatile day on the market today. Laura and Stevie investigate what caused these multiple movements with rate discussions back in focus, look at the winners and losers, and pre-empt what could happen in the days ahead.

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Morning Report 20 Feb 24: A look ahead to BHP's results

Mon, 19 Feb 2024 19:48:37 +0000

European sharemarkets hit a two year high. U.S financial markets are closed for presidents day. Tom and Ryan preview BHP’s results. Plus this mornings commodities and the AUD.

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Market Close 19 Feb 24: Aussie market closing in on record

Mon, 19 Feb 2024 06:19:41 +0000

The market closed mostly flat today after a big day of profit reporting. Stevie and Laura discuss which milk company performed well today, who is in trouble with the casino board and what’s coming up this week.

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Morning Report 19 Feb 24: Wall St pauses for thought following strong inflation reading

Sun, 18 Feb 2024 19:54:23 +0000

The market seems resilient following hotter than expected inflation data out of the US. Tom and Ryan unpack this, discuss what it could mean for rate cuts, and look at what will likely impact the US market this week. They whip around some of the other international markets, discuss commodity prices, and look at what could be expected for the Aussie market.

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Market Close 16 Feb 24: Swift recovery for Aussie stocks

Fri, 16 Feb 2024 05:59:09 +0000

The market has closed in positive territory on Friday following multiple days of losses earlier in the week. Stevie and Laura discuss today's market movers, the unexpected way that Taylor Swift is impacting our market and what to expect in the week ahead.

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Morning Report 16 Feb 24: Wall St jumps as retail sales slump

Thu, 15 Feb 2024 20:00:51 +0000

Wall St has pulled back some of the losses from earlier in the week amid a choppy market. Tom and Ryan unpack this volatility discussing the role that both inflation and an unexpected import price result have played. They discuss the stocks that saw the largest movements, look at what could happen on the Australian market today, and discuss the Aussie dollar.

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Market Close 15 Feb 24: An avalanche of earnings results

Thu, 15 Feb 2024 05:42:13 +0000

Laura and Stevie join us for the CommSec Market Update today as the market bounces back from a three-day decline. Aussie jobs growth is under the microscope after an unexpected result that has rate cut discussions back in focus. They unpack each of the sectors, look into the earnings results that shifted the market, and unpack what is to come in the days ahead.

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Morning Report 15 Feb 24: Why did Lyft surge 60%?

Wed, 14 Feb 2024 19:59:00 +0000

Wall Street regains footing after inflation fuelled rout. Lyft shares surge despite earnings error. U.K shares jump on steady inflation. Plus this mornings commodities and the AUD.

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Market Close 14 Feb 24: Aussie market not feeling the love

Wed, 14 Feb 2024 05:33:09 +0000

It was another day of declines today with 9 of the 11 sectors finishing lower. Laura is joined by Craig to discuss who came out with profit results today, how the US inflation data impacted our market and which sectors dragged the market today?

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Morning Report 14 Feb 24: Dow Jones biggest fall since Feb 2023

Tue, 13 Feb 2024 19:42:55 +0000

Wall Street falls as hot inflation data dampens early rate cut hopes. The Dow Jones index has its worst season since February 2023. Ryan and Tom preview the Commonwealth Bank's earnings results today. Plus this mornings commodities and the AUD.

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Market Close 13 Feb 24: Aussie shares drift ahead of key US data

Tue, 13 Feb 2024 05:48:00 +0000

Stevie is joined by Craig today to discuss which sector weighed on our market today, the companies that released profit results and how data out of the US will impact our market tomorrow.

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Morning Report 13 Feb 24: WS sets new records

Mon, 12 Feb 2024 19:50:32 +0000

The S&P 500 and Dow Jones indexes have both hit fresh record highs. Meanwhile NVIDIA beat Amazon’s market value. Ryan and Tom preview CSL’s results. Plus this mornings commodities and the AUD.

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Market Close 12 Feb 24: A dip for Aussie shares

Mon, 12 Feb 2024 05:49:26 +0000

Join Stevie and Laura as they discuss what ended the three day winning streak today, which companies we can expect profit results from this week and what to look out for over the week ahead.

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Morning Report 12 Feb 24: S&P 500 sets all time record

Sun, 11 Feb 2024 19:50:57 +0000

The S&P 500 closed above 5000 for the first time ever. Meanwhile market breadth suggests a narrowing rally. Ryan and Tom preview JB-Hi-Fi’s results. Plus this morning commodities and the AUD.

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Market Close 09 Feb 24: Uranium has the market seeing yellow

Fri, 09 Feb 2024 05:33:17 +0000

The market has closed mostly flat today with 7 of the 11 sectors finishing in the green. Craig is flying solo today as he takes us through what we learnt from the RBA today, which sector dragged the market and what we can expect from next week.

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Morning Report 09 Feb 24: Oil jumps after Gaza ceasefire rejection

Thu, 08 Feb 2024 19:47:44 +0000

The S&P 500 hovers near the 5000 mark with earnings in focus. Meanwhile Disney surges after beating earnings estimates. Oil jumps 3% on Gaza ceasefire rejection. Plus this mornings commodities and the AUD.

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Market Close 08 Feb 24: Shares higher as earning season ramps up

Thu, 08 Feb 2024 05:35:44 +0000

The market has risen for another session, although sectors ended mixed. Today, Laura and Craig discuss which companies had news today, what we heard from China, and what's coming up at the tail end of the week?

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Morning Report 08 Feb 24: Ford Motor lifts and S&P reaches for 5000 points

Wed, 07 Feb 2024 20:00:34 +0000

The S&P 500 index reaches for 5000 points. The team look at the U.S treasury’s biggest ever ten year auction. Ford Motor shares lift on a bumper result. Plus this mornings commodities and the AUD.

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Market Close 07 Feb 24: Aussie market snaps two day losing streak

Wed, 07 Feb 2024 05:37:50 +0000

Laura and Craig are back for your market update today with a turnaround fuelled by some of the smaller stocks seeing the market in the green. Mining is the focus of conversation today, an announcement around a NAB retirement impacted their share price, and Spotify stocks saw an increase.

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Morning Report 07 Feb 24: Spotify soars and bonds rise

Tue, 06 Feb 2024 20:18:58 +0000

Wall Street was mixed with a focus on earnings and rate cut expectations. Meanwhile music streaming company Spotify soars. And bonds rise after a 54 billion USD sale. Plus this mornings commodities and the AUD.

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Market Close 06 Feb 24: RBA key takeaways

Tue, 06 Feb 2024 05:44:25 +0000

The ASX200 finished lower today as the RBA held interest rates steady. Laura is joined by Craig to discuss which sectors led the declines, which stocks caught their eyes, and of course the key takeaways from the RBA decision.

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Morning Report 06 Feb 24: Interest rates spike, Reserve Bank rate decision

Mon, 05 Feb 2024 19:57:18 +0000

U.S share markets retreated from record highs as interest rates spike. McDonalds slides weighing on U.S markets. Tom and Ryan preview the Reserve Bank interest rate decision today. Plus this mornings commodities and the AUD.

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Market Close 05 Feb 24: Market slumps ahead of RBA decision

Mon, 05 Feb 2024 06:21:07 +0000

The market has fallen after hitting record highs last week and all but 1 sector ended lower today. Stevie and Laura discuss the winners and losers, Tuesday’s RBA decision and who is coming out with profit results?

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Morning Report 05 Feb 24: WS hits new record, ASX to start lower

Sun, 04 Feb 2024 20:03:49 +0000

Wall Street hits new records despite strong jobs figures. Commodities challenged by a rising U.S dollar. Local shares set to start the week lower despite Wall Streets gains. Plus this mornings commodities and the AUD.

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Market Close 02 Feb 24: Another day, another record

Fri, 02 Feb 2024 06:07:22 +0000

The Aussie market had another record-breaking session after only one decline in the last 10 days. Today Stevie and Laura discuss the results of the US tech profit results, the sector which benefited from talks of rate cuts and what’s coming up next week

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Morning Report 02 Feb 24: WS rebounds as tech earnings in focus

Thu, 01 Feb 2024 19:46:35 +0000

Wall Street rebounds after a Fed driven selloff. Meanwhile big tech earnings are in focus today. The Bank of England puts interest rates under review. Plus this mornings commodities and the AUD.

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Market Close 01 Feb 24: Market falls from record high

Thu, 01 Feb 2024 05:55:50 +0000

The gains have come to an end with the market closing lower today. Laura and Stevie discuss which stocks stood out to them today and what we can expect from the upcoming tech giants profit reports in the US.

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Morning Report 01 Feb 24: WS lower as Fed holds

Wed, 31 Jan 2024 19:49:34 +0000

Wall Street edges lower after Fed indicates no rush to cut rates. Alphabet and Microsoft are lower as well following earnings results. Local stocks are expected to kickoff in negative territory. Plus this mornings commodities and the AUD.

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Market Close 31 Jan 24: A day for the history books

Wed, 31 Jan 2024 05:51:18 +0000

An exceedingly anticipated update on inflation acted as the catalyst today for what was a record high for the market. Laura and Stevie discuss the inflation data, deep dive into each of the sectors which all finished the day in positive territory, and look at what is to come overnight.

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Morning Report 31 Jan 24: Tech earnings and consumer data

Tue, 30 Jan 2024 19:55:54 +0000

Wall Street fluctuates as Microsoft and Alphabet earnings awaited. Solid U.S jobs and consumer confidence data ahead of Fed Reserve decision. Aussie investors to focus on consumer price data released today. Plus this mornings commodities and the AUD.

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Market Close 30 Jan 24: How much did we spend in December?

Tue, 30 Jan 2024 06:00:45 +0000

It was yet another day of gains for the ASX200, with the sectors ending mixed. Today, Laura and Stevie talk about which stocks did well, what company news we can expect to hear and retail spending data over December.

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Morning Report 30 Jan 24: Interest rate decision and the Evergrande impact

Mon, 29 Jan 2024 20:00:16 +0000

Investors opt for caution ahead of U.S interest rate decision. China’s Evergrande set to be wound up as investors brace for impact. Local shares to creep higher at the start of trade on Tuesday. Plus this mornings commodities and the AUD.

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Market Close 29 Jan 24: Six days of gains

Mon, 29 Jan 2024 05:45:23 +0000

Business is back to usual for the new year as the Aussie market edges closer to a record high. Join Stevie and Laura as they discuss the sectors that performed well today, the top-performing stock and what investors should watch out for this week.

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Morning Report 29 Jan 24: U.S stocks perform while AMEX soars

Sun, 28 Jan 2024 19:59:44 +0000

U.S stocks keep record levels in sight, helped by better inflation figures. AMEX shares soar on better than expected earnings. Investors look ahead to a U.S interest rate decision. Plus this mornings commodities and the AUD.

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Market Close 25 Jan 24: Aussie shares 1% away from record

Thu, 25 Jan 2024 05:53:55 +0000

Stevie and Laura are back for the market close update to discuss the drivers behind Thursday's market gains, which stocks stood out and what to look out for over the long weekend.

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U.S lifts and China eases monetary policy

Wed, 24 Jan 2024 19:51:50 +0000

U.S shares lift in response to solid earnings by Netflix. Meanwhile China eases monetary policy. Commodity prices were mixed despite a weaker greenback. And the AUD is back near US66 cents. 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.

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Market Close 24 Jan 24: A single sector carries the Aussie market today

Wed, 24 Jan 2024 05:40:00 +0000

While only by a small margin the market maintained its winning streak today. Laura and Stevie are back with the mining sector being the focus of conversation as it drove the market. They investigate the sectors in detail, discuss the stocks that saw the biggest movements, and reveal the results and happenings that could impact markets over the next 24 hours.

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Morning Report 24 Jan 24: U.S mixed, AUD softer plus China stimulus package

Tue, 23 Jan 2024 19:52:49 +0000

U.S shares mixed as investors respond to latest earnings results. The Aussie dollar is softer against a softer greenback. Plus speculation of a large Chinese economic stimulus package.

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Market Close 23 Jan 24: Aussie market inches closer to record high

Tue, 23 Jan 2024 05:48:09 +0000

The Aussie market crept closer to a record high today. Laura and Stevie join us for the CommSec Market Update to unpack the three-day winning streak and look at how each of the sectors performed. They discuss the stocks that saw the biggest moves and look at what could be on the way in the day ahead.

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Morning Report 23 Jan 24: Drone attack pushes oil up and a sluggish local start

Mon, 22 Jan 2024 19:53:50 +0000

Fresh record highs for the Dow Jones and S&P 500. Meanwhile U.S bond yields dip slightly. Oil prices lift after a drone attack on a Russian oil facility. Plus this mornings commodities and the AUD.

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Market Close 22 Jan 24: Lithium slumps as Aussie market lifts

Mon, 22 Jan 2024 05:58:36 +0000

Laura and Stevie are back for your CommSec Market Update as the market improves for a second day. Interest rate decisions in China are part of the conversation today, they also look at each of the sectors with nine of them seeing gains, and pre-empt what could impact the market in the day ahead.

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Morning Report 22 Jan 24: S&P hits record highs, joined by technology

Sun, 21 Jan 2024 19:58:20 +0000

The S&P 500 notches its first record close in two years. Semiconductor and technology shares hit all time highs. Ryan previews South32 production results. Plus this mornings commodities and the AUD.

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Market Close 19 Jan 24: The market’s best day in five weeks

Fri, 19 Jan 2024 05:51:07 +0000

Following five days of losses the market has had the best day in five weeks. Laura and Stevie deep dive into the movements that we saw breaking down each of the sectors with utilities being the only one that saw a loss. They discuss the big movers in the market and look at what could impact prices in the days ahead.

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Morning Report 19 Jan 24: WS higher and Euro shares up

Thu, 18 Jan 2024 19:37:40 +0000

Chip makers and mega cap stocks power Wall Street higher. European shares advance on a luxury goods rally. The U.S dollar is up for a fifth straight session. And Ryan previews Whitehaven coal production results.

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Market Close 18 Jan 24: 5th day of declines

Thu, 18 Jan 2024 05:46:45 +0000

It was yet another day of declines for the Aussie market today with 9 of the 11 sectors falling. Laura and Stevie are chatting about what factors are contributing to the ongoing declines, which companies were in the news today and what investors can look out for in the coming days.

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Morning Report 18 Jan 24: WS slides, Aussie jobs data, iron falls

Wed, 17 Jan 2024 19:43:47 +0000

Wall Street slides as bond yields dent mega caps after retail sales data. The U.K FTSE 100 Index hits a 7 week low as inflation climbs. Iron ore prices fall for 8 out of 10 days and Craig previews Aussie jobs data. Plus this mornings commodities and the AUD.

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Market Close 17 Jan 24: China drags on Aussie market

Wed, 17 Jan 2024 05:46:53 +0000

The market was in its fourth straight day of declines today. Laura and Stevie join us for the CommSec Market Update to unpack the past 24 hours which saw the US markets back online and mixed data out of China. They also look at the day ahead and what could impact the market.

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Morning Report 17 Jan 24: Wall Street slips as big banks drag

Tue, 16 Jan 2024 19:46:33 +0000

Wall Street slips as big banks drag. Bond yields soar as interest rate cut enthusiasm abates. Ryan previews evolution mining production update. Plus this mornings commodities and the AUD.

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Market Close 16 Jan 24: Supermarket giants in the hot seat

Tue, 16 Jan 2024 05:41:15 +0000

It was a third day of losses with all 11 sectors in the red. Today, Laura and Stevie talk through what caused the market to fall, which companies are facing potential trouble with the ACCC and what we can expect from the rest of the week?

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Morning Report 16 Jan 24: Euro markets lower as bond yields rise

Mon, 15 Jan 2024 19:45:47 +0000

European markets close lower as Davos kicks off. Euro zone bond yields rise after ECB warns on premature rate cuts. U.S share markets closed for Martin Luther King Junior day. Plus this morning commodities and AUD.

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Market Close 15 Jan 24: Uranium fuels energy gains

Mon, 15 Jan 2024 05:56:17 +0000

The market has started off the week flat, ever so slightly in the red. Join Stevie and Laura as they discuss which sectors did well today, who were the winners and losers and what can we expect up ahead?

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Morning Report 15 Jan 24: Oil and gold rise on Middle East instability

Sun, 14 Jan 2024 19:48:04 +0000

A mixed finish on U.S share markets on Friday. Meanwhile oil and gold prices rose following ongoing Middle East instability. U.S financial markets are closed today for public holiday. Plus this mornings AUD.

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Market Close 12 Jan 24: Markets tread water

Fri, 12 Jan 2024 05:47:53 +0000

The market has finished lower with 7 of 11 sectors dropping today. Join Stevie as he discusses what led to todays falls, who were the winners and losers and what we can expect over the weekend and next week.

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Morning Report 12 Jan 24: U.S inflation data, oil rises during Middle East tensions

Thu, 11 Jan 2024 19:51:54 +0000

Wall Street drops as inflation data dulls rate cut hopes. U.S inflation rises to the highest level in 3 months. Ryan previews U.S bank earning results. And oil rises as Middle East tensions surge. Plus this mornings commodities and the AUD.

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Market Close 11 Jan 24: Second lift in 7 days

Thu, 11 Jan 2024 05:31:55 +0000

It was another good day for the ASX200 on Thursday, with the market rising by half a percent. Today, Stevie discusses the factors that contributed to the rise, the Aussie stocks that reached all-time highs, and what we can expect from the US inflation data tonight.

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Morning Report 11 Jan 24: Microsoft on verge of overtaking Apple

Wed, 10 Jan 2024 19:43:19 +0000

U.S sharemarkets tick higher as traders await inflation data. Microsoft is on the verge of overtaking Apple as the worlds most valuable company. Investors await U.S approval of a Bitcoin ETF. Plus this mornings commodities and the AUD.

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Market Close 10 Jan 24: Stocks drop despite cooling inflation

Wed, 10 Jan 2024 05:36:37 +0000

Steve joins you today for the CommSec Market Update on a day where inflation is shown to be slowing however unusually stocks did drop. Steve breaks this down, discusses the coming inflation data that could really impact the market, and deep dives into the mining and energy sectors which dominated the market movements today.

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Morning Report 10 Jan 24: U.S markets mixed, oil rebounds, inflation data today

Tue, 09 Jan 2024 19:44:26 +0000

U.S share markets mixed as treasury yields lift. Meanwhile U.S tech shares in focus ahead of inflation data. Oil prices rebound on the back of Libyan outages. Ryan and Craig preview Aussie inflation data today. Plus this mornings commodities and the AUD.

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Market Close 09 Jan 24: Aussie market approaches record high

Tue, 09 Jan 2024 05:39:51 +0000

With January being often seen as a slow time for the share market, today bucks that trend by delivering the strongest lift in weeks. Steve looks at the winners and losers, discusses the data out of the US that will impact the market this week, and unpacks Aussie spending habits.

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Morning Report 09 Jan 24: WS rebounds, Boeing slides and oil tanks

Mon, 08 Jan 2024 19:49:31 +0000

Wall Street rebounds on a rally in tech shares. Chip maker NVIDIA soars to an all time high. Boeing shares slide on 737 MAX 9 jet grounding. And oil prices tank after Saudi Arabia cuts selling prices.

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Market Close 08 Jan 24: Aussie market declines for a fourth day

Mon, 08 Jan 2024 05:48:22 +0000

Steve is rolling solo this week for the CommSec Market update and deep dives into the current state of the market which is in a fourth day of decline. He analyses each of the sectors (which are all in the red) and looks at the big movers in them. He compares the Aussie market to international markets, and looks ahead to understand if the current nervous market state will continue in the days to come.

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Morning Report 08 Jan 24: Worst yearly start since 2016

Sun, 07 Jan 2024 19:54:20 +0000

U.S share markets post worst yearly start since 2016. Major averages snap nine week winning streak after strong jobs report. Euro zone inflation jump cools case for rate cuts. Plus this mornings commodities and the AUD.

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Market Close 22 Dec 23: Aussie stocks finish flat

Fri, 22 Dec 2023 06:37:49 +0000

It was an uneventful last trading day before Christmas, with the market finishing flat. In the final episode of the year, Laura and Stevie discuss the factors that impacted the sectors today, the best performing stock of the year, and what to watch out for during the break.

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Morning Report 22 Dec 23: U.S stocks rebound from biggest sell-off since September

Thu, 21 Dec 2023 20:05:16 +0000

Ryan and Tom preview U.S inflation data. China bans export of rare earth processing technology, and Aussie dollar hits highest level since July.

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Market Close 21 Dec 23: Aussie market takes a breather

Thu, 21 Dec 2023 05:54:13 +0000

The market has closed lower after multiple gains so far this month, with 9 of the 11 sectors closing down. Entertainment giants Warner Brothers and Paramount might be considering a merger to compete against the streaming services and what can we expect on the last trading day before Christmas?

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Morning Report 21 Dec 23: Wall street moves sideways as rate cut rally loses steam

Wed, 20 Dec 2023 20:09:54 +0000

Wall street moves sideways as rate cut rally loses steam, Fedex plunges on US economic concerns and UK Inflation hits two year low. Plus this mornings commodities and the AUD.

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Market Close 20 Dec 23: Aussie Market raises for an 8th time in 9 sessions

Wed, 20 Dec 2023 05:42:54 +0000

The gains continue with another lift on the market taking us close to an all-time high. Laura and Stevie look at past performances to see what this could mean for the days ahead. Rate ‘cuts’ could be finally entering the conversation, and each of the sectors is unpacked as Laura and Stevie talk about what to expect as we near Christmas.

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Morning Report 20 Dec 23: Oil surges following drone attacks and AUD hits high

Tue, 19 Dec 2023 19:55:32 +0000

Wall Street climbs towards record highs as rate cut optimism lingers. U.S home building surges in November. Oil lifts on the back of Red Sea shipping concerns. Plus the AUD hits the highest levels since July.

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Market Close 19 Dec 23: Lithium in the spotlight

Tue, 19 Dec 2023 05:56:54 +0000

The losses didn’t last for long with the market finishing in the green today due to all 11 sectors ending higher. Stevie and Laura discuss which stocks stood out to them today, why lithium was in the spotlight and what's coming up as we near the end of 2023.

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Morning Report 19 Dec 23: WS inches up, U.S steel soars, Reserve Bank minutes preview

Mon, 18 Dec 2023 19:56:13 +0000

Wall Street inches up as oil stocks jump. Meanwhile U.S steel soars on the back of a buyout deal. Ryan previews the Reserve Bank board minutes. Plus this mornings commodities and the AUD.

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Market Close 18 Dec 23: ASX snaps 6 day winning streak

Mon, 18 Dec 2023 06:08:43 +0000

Laura and Stevie are back for your Monday market update. The gains are over, with all sectors except two experiencing a decline today. Tabcorp was up after securing a deal with the Victorian government and dental clinic Smiling Mind also did well after receiving a takeover offer today. Coming up, what can we expect from tomorrows RBA minutes?

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Morning Report 18 Dec 23: WS treads water, retail and tech lead improvements

Sun, 17 Dec 2023 20:03:25 +0000

Wall Street treads water as Fed scotches rate cut talk. Retail, industrial and tech names lead improvements. Aussie dollar firms as U.S dollar moderates. SPI futures point to a sizeable deficit at the start of trade on Monday. Plus this mornings commodities.

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Market Close 15 Dec 23: Market approaches record highs

Fri, 15 Dec 2023 05:59:16 +0000

Laura is solo today as she wraps up the market update for the week. It was another day of gains, and the third week in a row ending in the positive. She discusses which sectors were lower today, what the data out of China could mean for the Aussie market and which stocks are being removed from the ASX200.

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Morning Report 15 Dec 23: Dow Jones up and oil rises

Thu, 14 Dec 2023 19:55:05 +0000

The Dow Jones hit record highs on Federal Reserves rate cut signal. Apple also scales an all time high. The European Central Bank resisted rate cut bets. And oil rose more than 3%. Plus this mornings commodities and the AUD.

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Market Close 14 Dec 23: Interest rate cuts?

Thu, 14 Dec 2023 05:54:07 +0000

It was a great day for the market today, with the ASX200 gaining 1.65%. Unsurprisingly, all 11 sectors were up. In this episode, Laura and Stevie discuss today’s job data, which stocks stood out to them and what to look out for as 2023 comes to a close.

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Morning Report 14 Dec 23: U.S shares rally, bond yields fall, ASX tipped to rise

Wed, 13 Dec 2023 19:46:02 +0000

U.S shares rally on hopes for lower interest rates in 2024. U.S bond yields fall in response to Federal Reserve rate decision. Aussie shares tipped to rise today on the back of U.S gains. Plus this mornings commodities and the AUD.

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Market Close 13 Dec 23: Market continues winning streak

Wed, 13 Dec 2023 05:39:25 +0000

The market has seen further gains today continuing what is a 4-day streak taking us close to a 3-month high. Laura and Stevie look at some of the winners on the market, discuss how 6-month oil price lows impacted the energy sector, and look at the big things to watch.

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Morning Report 13 Dec 23: WS inches up, Oil plunges, plus mid year federal budget

Tue, 12 Dec 2023 19:48:28 +0000

Wall Street inches up after November inflation data. Ryan and Craig review U.S price data and look ahead to the U.S Federal Reserve meeting. Oil prices plunges 4% to 6 month lows. Plus Craig previews the mid year federal budget.

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Market Close 12 Dec 23: Third day of gains

Tue, 12 Dec 2023 05:48:08 +0000

Laura and Stevie are back with the market close update. They chat about what led to the market being higher today, which sector was the only to decline and which stocks caught their attention.

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Morning Report 12 Dec 23: U.S inflation data and Aussie business surveys

Mon, 11 Dec 2023 19:42:49 +0000

Wall Street was subdued ahead of the Federal Reserve meeting. Craig and Ryan preview U.S inflation data. Craig looks ahead to Aussie business and consumer confidence surveys. Plus this mornings commodities and the AUD.

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Market Close 11 Dec 23: Flat start to week

Mon, 11 Dec 2023 05:53:08 +0000

Stevie is starting off the week solo, on a day where the market was largely flat. The energy sector was a clear winner today while miners were not so lucky. Sigma Healthcare has announced a plan to merge with Chemist Warehouse. If it gets past the regulators, it could create a $8.8 billion dollar company and Star Entertainment was the worst performer today, hitting record lows

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Morning Report 11 Dec 23: WS new high, strong U.S jobs, Chemist Warehouse update

Sun, 10 Dec 2023 19:44:12 +0000

Wall Street notches a new high for 2023. U.S releases strong jobs numbers in goldilocks outcome. Ryan previews Chemist Warehouse listing update. Plus this mornings commodity and the AUD.

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Market Close 08 Dec 23: Aussie market lifts on takeover talks

Fri, 08 Dec 2023 06:00:11 +0000

Stevie is joined by Craig James for today’s market update. The market has closed up for the week with only 3 sectors declining today. The big focus was on talks of a potential merger between oil and gas giants Santos and Woodside which saw Santos up. Craig and Steve go over what to look out for over the weekend the the week ahead.

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Morning Report 08 Dec 23: A.I boosts WS, U.S job figures, Chinese data

Thu, 07 Dec 2023 19:59:00 +0000

Wall Street jumps on the back of an A.I boost. Tom and Ryan preview U.S jobs figures. Iron ore lists following better Chinese economic data. Plus this mornings commodities and the AUD.

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Market Close 07 Dec 23: A more settled session

Thu, 07 Dec 2023 05:48:36 +0000

Laura and Stevie are back for your market close update. The market certainly didn't have yesterday's gains, with 7 of the 11 sectors declining. They discuss what stocks were in the spotlight today and what to look out for.

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Morning Report 07 Dec 23: WS consolidates, oil hits low, ASX to open lower

Wed, 06 Dec 2023 20:09:31 +0000

Wall Street consolidates as figures point to job cooling. Oil hits a five month low on waning demand. ASX 200 set for a lower open today. Plus this mornings commodities and the AUD.

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Market Close 06 Dec 23: The best day in over a year for the Aussie Market

Wed, 06 Dec 2023 05:51:25 +0000

Laura and Stevie bring you the CommSec Market Update today on a day where all 11 sectors were in the green. They break down what is behind this positive day on the market by unpacking economic growth, run through some of the big winners, and look at what could be ahead for the next 24 hours.

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Morning Report 06 Dec 23: US mixed, China's credit outlook, Oz growth data

Tue, 05 Dec 2023 19:59:36 +0000

U.S shares ended mixed after jobs data hints at cooling economy. Meanwhile Moody’s cuts Chinas credit outlook. The German DAX index hit a record high. And Ryan previews Aussie economic growth data. Plus this morning commodities and the AUD.

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Market Close 05 Dec 23: Rates steady, market falls

Tue, 05 Dec 2023 06:06:38 +0000

Mortgage holders got an early Christmas present from the reserve bank today, with interest rates remaining at their current rate until next year. The market didn't have a great day, with 9 of the 11 sectors finishing lower. Origin was in the news once again, coming close to being the best performer of the day but the same can't be said for gold and lithium stocks which both saw losses today.

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Morning Report 05 Dec 23: Bitcoin hits high, Spotify jumps, Wall Street gets reality check

Mon, 04 Dec 2023 20:05:06 +0000

Wall Streets bull run gets a reality check. Bitcoin climbs above 40 thousand USD as crypto rally gathers steam. Spotify jumps after saying it will cut workforce. And the AUD eases ahead of reserve bank meeting. Plus this mornings commodities.

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Market Close 04 Dec 23: A gain to start the week

Mon, 04 Dec 2023 06:02:56 +0000

The market gained on Monday, with only two sectors declining. The worst performing sector was utilities after Origin was in the news once again regarding their takeover bid. Tomorrow we will get our last interest rate decision for 2023, will we get another rate hike?

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Morning Report 04 Dec 23: WS hits 2023 high, Origin energy takeover vote today

Sun, 03 Dec 2023 19:44:18 +0000

Wall Street hits a 2023 closing high as Jerome Powell strengthens peak rate bets. Gold joins the party and hits a record high as well. Meanwhile the Origin energy takeover vote will take place today. Plus this mornings AUD and commodities.

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Market Close 01 Dec 23: A slow start to December

Fri, 01 Dec 2023 06:03:13 +0000

Laura and Stevie are back with your Friday market update. The market didn’t have a strong start to the month, closing in the red. 9 of the 11 sectors are lower, with tech falling the most. Uranium miner Paladin Energy were the best performer today due to a 15 year high in uranium prices. Looking ahead, will we get another rate hike next week?

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Morning Report 01 Dec 23: Dow jumps and oil declines

Thu, 30 Nov 2023 19:59:17 +0000

The Dow has jumped 300 points to a new 2023 high. The S&P 500 index recorded its best month since July 2022. Tom and Ryan review Saleforce’s bumper result. And oil declines on scepticism on OPEC cuts. Plus this mornings commodities and the AUD.

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Market Close 30 Nov 23: November ends in positive territory

Thu, 30 Nov 2023 05:37:47 +0000

It’s the last day of the month and the market has closed in the green both today and for the month overall. Financial software company Iress were up after a strategy update and Origin Energy are down once again after rejecting a takeover offer.

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Morning Report 30 Nov 23: Remembering Charlie Munger

Wed, 29 Nov 2023 19:57:11 +0000

Stocks rose Thursday on pace for big November gains. Ryan and Tom reflect on investing legend Charlie Munger’s passing. Ryan reviews Aus inflation data. Plus this mornings commodities and the AUD.

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Market Close 29 Nov 23: Inflation eases, ASX lifts

Wed, 29 Nov 2023 05:34:41 +0000

As we near the end of the month on an improvement Laura and Stevie unpack the performance of the market today. They discuss how inflation could aid in interest rate decisions and how it impacted the market today, deep dive into the performance of each of the sectors and discuss the data coming out this week that could impact the market.

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Morning Report 29 Nov 23: U.S mixed, plus highs for gold and AUD

Tue, 28 Nov 2023 19:56:07 +0000

U.S share markets mixed after Fed speak. Ryan and Tom preview Aussie inflation data. Gold prices hit a 6 month high. And the Aussie dollar hits a four month high.

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Market Close 28 Nov 23: Aussie market bounces back from slow start to the week

Tue, 28 Nov 2023 05:49:43 +0000

Laura and Stevie bring you the CommSec Market Update today on a day that has seen the market bounce back from slow start to the week. With most sectors improving modestly, Laura and Stevie unpack the sectors in detail, they look at what could impact markets in the coming days, and discuss everything from fast fashion to fast food.

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Morning Report 28 Nov 23: Wall Street mixed and local shares to start positive

Mon, 27 Nov 2023 19:56:05 +0000

A new week starts in mixed fashion for Wall Street. Analysts burrow into Thanksgiving spending numbers. Local shares expected to kick off in positive territory with key retail sales figures expected. Plus this mornings commodities and the AUD.

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Market Close 27 Nov 23: Cautious start to the week for Aussie shares

Mon, 27 Nov 2023 05:51:28 +0000

Join Craig and Steve for Monday's market update. The ASX200 didn’t have a great start to the week, almost hitting a two week low. They're discussing which sector held back the market today and the beauty retailer that's up after rejecting a takeover offer.

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Morning Report 27 Nov 23: Retail grinds higher, oil eases, positive start locally

Sun, 26 Nov 2023 19:58:51 +0000

Wall Street returns from the Thanksgiving holiday and stocks grind higher with a focus on retail sales. Oil prices ease to remain unchanged over the week. And local shares set to kick off in positive territory.

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Market Close 24 Nov 23: A small gain to end a quiet week

Fri, 24 Nov 2023 06:02:39 +0000

Laura and Stevie are back to wrap up the market today. The ASX200 was up slightly with 6 of the 11 sectors finishing higher. A survey done by CBA economists about Black Friday found some surprising results and what to look out for in the next week.

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Morning Report 24 Nov 23: Aus shares to rise, Euro shares hit highs as oil rallies

Thu, 23 Nov 2023 20:00:00 +0000

Aussie shares poised to rise after U.S Thanksgiving holiday. European shares hit two month highs as oil companies rally. Ryan and Tom review the latest Central Bank meeting minutes. Plus this mornings commodities and the AUD.

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Market Close 23 Nov 23: Origin’s takeover bid just got more complicated

Thu, 23 Nov 2023 06:00:14 +0000

It was another day of losses on Thursday, with the market closing down 0.62%. Almost all sectors were down today and utilities was again dragged by Origin, who are facing further complications with their takeover bid. Furniture company Nick Scali were down after the CEO sold $50m worth of shares in the company, totalling to roughly 5% of the company.

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Morning Report 23 Nov 23: U.S lifts, Oil slips and AUD rises

Wed, 22 Nov 2023 20:01:50 +0000

U.S share markets lifted ahead of Thanksgiving holiday. Investors focus on NVIDIA result as AI boom continues. Oil slips as OPEC delays meeting. Plus the AUD rises after RBA Bullock speech.

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Market Close 22 November 23: Webjet flying high

Wed, 22 Nov 2023 05:46:29 +0000

The market snapped a two day winning streak, finishing mostly flat on Wednesday. It was a great day for travel company Webjet, who announced higher than expected profits and infant formula maker Bubs Australia entered a trading holt. Tonight, RBA governor Michele Bullock will speak at a dinner tonight.

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Morning Report 22 Nov 23: WS falls, RBA speech preview and Webjet earnings

Tue, 21 Nov 2023 19:56:43 +0000

Wall Street falls on disappointing retail updates ahead of NVIDIA results. Ryan and Tom preview the RBA Governor's speech tonight. They look at Webjet earnings due out today. Plus this mornings AUD.

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Market Close 21 Nov 23: ASX gains for a second day

Tue, 21 Nov 2023 05:55:53 +0000

The market was up today despite only a handful of sectors managing to lift. Origin Energy was in focus again today amid takeover discussions and all eyes will be on Microsoft after an open letter from OpenAI staff.

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Morning Report 21 Nov 23: NASDAQ leads WS up and oil climbs over 2%

Mon, 20 Nov 2023 19:52:41 +0000

NASDAQ leads Wall Street higher as Microsoft hits record high. Mine strikes and protests help propel copper to two month high. Reserve Bank board minutes are due today and oil prices climb over 2% as OPEC cuts expected. Plus AUD climbs on Tuesday.

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Market Close 20 Nov 23: ASX edged higher

Mon, 20 Nov 2023 05:42:03 +0000

The market was up ever so slightly today, despite only 3 sectors finishing higher. Energy had the highest gains, with companies like Karoon Energy in the spotlight. Clothing retailer Universal Group were up after their AGM today and the ASX itself was up after announcing an upgrade to their systems

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Morning Report 20 Nov 23: U.S treads water as local market looks at positive start

Sun, 19 Nov 2023 19:48:58 +0000

U.S stocks treaded water on Friday but post solid weekly gains. Long and short term interest rates continue their recent trend lower. The local share market looks forward to a positive start. Plus this mornings commodities and the AUD.

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Market Close 17 Nov 23: A quiet end to a solid week

Fri, 17 Nov 2023 05:45:02 +0000

Laura and Stevie bring you the CommSec Market Update this afternoon on what has turned out to be a quiet end to the week. They break down the mixed performance of each of the sectors and what impacted them, reflect on the week as a whole, and look ahead to what we could expect with the upcoming interest rate decisions.

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Morning Report 17 Nov 23: Wall Street eases, oil plunges and bond yields sink

Thu, 16 Nov 2023 19:52:18 +0000

Wall Street rally takes a breather as Cisco and Walmart drop. Oil plunges 5% on supply concerns. Bond yields sink as bets rise on rate cuts. Plus this mornings commodities and the AUD.

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Market Close 16 Nov 23: China weighs on ASX

Thu, 16 Nov 2023 05:39:19 +0000

Following a day of highs yesterday the Aussie market has declined today. Stevie and Laura unpack how data out of China fuelled this movement and impacted each of the sectors, discuss Australian employment numbers, and look at some of the standout stocks.

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Morning Report 16 Nov 23: Target shares surge and locals stocks to edge lower

Wed, 15 Nov 2023 19:51:53 +0000

U.S stocks rose overnight consolidating on recent improvements. Long term interest rates bump higher despite mixed economic news. Target shares surge following better than expected earnings. And local stocks expected to edge lower ahead of key employment figures. Plus this mornings commodities and the AUD.

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Market Close 15 Nov 23: Aussie market nears two-month high

Wed, 15 Nov 2023 05:53:59 +0000

Laura and Stevie join us on a day where the market continues to climb, now nearing a two-month high following a few months of declines. They unpack the impact of inflation on the market today, discuss speculations around rate movements in the US, and look at the strength of the Australian dollar.

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Morning Report 15 Nov 23: WS rallies, Home Depot gains plus Aus wages data

Tue, 14 Nov 2023 19:59:20 +0000

Wall Street rallies as cooling inflation boosts peak interest rate bets. Home Depot shares gain on earnings beat. Ryan previews Aussie wages data. Plus this mornings commodities and the AUD.

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Market Close 14 Nov 23: Strong rebound for Aussie stocks

Tue, 14 Nov 2023 05:25:30 +0000

The ASX recouped yesterdays losses driven by mining and energy stocks. The team look at a handful of updates from Aussie companies. Plus economic data out tomorrow could move markets.

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Morning Report 14 Nov 23: WS treads water, Boeing soars and ASX solid start

Mon, 13 Nov 2023 19:42:23 +0000

Wall Street treads water ahead of key inflation data. Boeing shares rise on the back of a China thaw. Futures point to a solid gain for the ASX 200 at the start of trade. Plus this mornings commodities and the AUD.

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Market Close 13 Nov 23: Banks drive ASX

Mon, 13 Nov 2023 05:23:43 +0000

The Aussie market off to a slow start Monday ahead of key economic data. The team unpack wage and jobs updates. Plus they look at U.S inflation and key monthly data out of China.

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Morning Report 13 Nov 23: U.S ends high with tech names leading charge

Sun, 12 Nov 2023 19:58:01 +0000

U.S stocks end at their highest levels in almost two months. Popular tech names lead the charge with Apple, Tesla and Netflix up 2%. The ASX 200 is expected to kick off with a solid gain on Monday. Plus this mornings commodities and the AUD.

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Market Close 10 Nov 23: A slow end to a busy week

Fri, 10 Nov 2023 05:36:44 +0000

The impact of U.S bank boss Jerome Powell’s speech trickled into the Aussie market today, closing half a percent point down. But November still continues to rebound from decline, up overall by 3 percent. However, it was a sea of red for most Aussie sectors, with energy, utilities and financials performing the worst. It wasn’t all bad news though, with healthcare having its ninth consecutive day of wins.

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Morning Report 10 Nov 23: U.S shares fall, iron ore gains plus Krispy Kreme earnings

Thu, 09 Nov 2023 19:50:45 +0000

U.S stocks fall and bond yields climb after Fed chair Powell’s remarks. Ryan and Craig review Disney and Krispy Kreme earnings. Craig previews the RBA statement of monetary policy. Plus this mornings commodities and the AUD.

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Market Close 09 Nov 23: How data out of China impacted the Aussie market

Thu, 09 Nov 2023 05:39:54 +0000

On the podcast today Laura and Stevie unpack the market after another day of gains. They discuss how China impacted what we saw across the sectors, look at the financial sector in detail, and explain what to expect in the day ahead.

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Morning Report 09 Nov 23: U.S treads water, oil retreats and small locals gains

Wed, 08 Nov 2023 19:48:43 +0000

U.S stocks tread water as long term interest rates fall. Media company Warner Brothers Discovery suffers its worst decline in 2 years. Oil prices continue their recent retreat and futures point to small gains for the local share market at the start of Tuesday. Plus commodities and the AUD.

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Market Close 08 Nov 23: Aussie share market lifts for 6th time in 7 sessions

Wed, 08 Nov 2023 05:29:01 +0000

Craig and Steve join you today to discuss the Aussie market, and with 9 of the 11 sectors in the green they unpack how each of them performed. They reveal the things to watch in the coming hours and how these are likely to impact the market in the days ahead.

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Morning Report 08 Nov 23: S&P 500 up and oil slides.

Tue, 07 Nov 2023 20:11:58 +0000

U.S S&P 500 index rises for seventh straight day. Lower U.S bond yields boost tech stocks. Oil slides 4% on China worries. Plus this mornings commodities and the AUD.

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Market Close 07 Nov 23: Mixed reaction as RBA hikes rates again

Tue, 07 Nov 2023 05:47:21 +0000

Stevie and Laura are back for a ‘Cup Day’ edition of the CommSec Market Update today as the RBA rate decision impacted what we saw. Stevie and Laura unpack the commentary around this decision to increase interest rates and look at what is likely to impact the market in the days ahead.

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Morning Report 07 Nov 23: WS struggles as bond yields advance

Mon, 06 Nov 2023 19:49:56 +0000

Wall Street struggles to gain traction after last weeks blockbuster rally. U.S bond yields advance ahead of Fed speakers and upcoming auctions. Ryan and Tom preview the Reserve Bank meeting on Melbourne Cup day. Plus this mornings AUD.

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Market Close 06 Nov 23: Markets lift for fifth day in a row

Mon, 06 Nov 2023 05:41:47 +0000

Ahead of the RBA's expected interest hike this week, it's good news for investors with the market lifting for the fifth day in a row. The standout performer today was Origin Energy, while Afterpay's Block Ink saw the day's worst performance, closing with a 6% drop. And, it's predicted to be a big week in the Aussie market with various companies accross sectors set to hold their annual general meetings between now and Friday.

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Morning Report 06 Nov 23: U.S and Aus stocks surge

Sun, 05 Nov 2023 19:58:25 +0000

U.S stocks surge as interest rate concerns fade. A cooling of the employment market leads to a drop in long and short term interest rates. Aussie stocks set to advance as investors look ahead to tomorrows RBA decision. Plus this mornings commodities and the AUD.

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Market Close 03 Nov 23: Solid start to November

Fri, 03 Nov 2023 05:58:59 +0000

The market has continued to lift, gaining close to 1.15% today. 10 of the 11 sectors lifted with energy being the only to decline. Afterpay owner Block Inc was the best performer today after their profit results were released in the states. The same can’t be said of Treasury wines, who were down after fundraising. Next week, will we get another rate rise?

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Morning Report 03 Nov 23: Aus to rise after solid U.S and Euro gains

Thu, 02 Nov 2023 20:02:38 +0000

U.S shares rose solidly comforted by the latest Federal Reserve decision. European shares posted firm gains as the Bank of England left rates on hold. And the Aussie share market is tipped to rise on the back of solid U.S and European gains. Plus this mornings AUD.

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Market Close 02 Nov 23: Another day of gains

Thu, 02 Nov 2023 05:38:34 +0000

The market was up on Thursday for a third straight day with 9 of the 11 sectors advancing. The rest of the week is going to be packed with news with Apple out with earnings, AGM's from the likes of Qantas and Coles and the start of bank profit reporting season.

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Morning Report 02 Nov 23: WS holds as Fed keeps rates steady

Wed, 01 Nov 2023 20:02:43 +0000

Wall Street holds gains in a choppy trading session as U.S Fed keeps rates steady. Ryan and Tom review the U.S federal reserve decision. They also look ahead to CSR results today. Plus the mornings commodities and the AUD.

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Market Close 01 Nov 23: A positive start to the month

Wed, 01 Nov 2023 05:41:17 +0000

The market is off to a good start for the month of November, finishing up by 0.85%. 9 of the 11 sectors were higher with real estate coming out on top and utilities and consumer staples finishing lowest. Coming up, will we get a rate hike in the U.S.?

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Morning Report 01 Nov 23: WS up and global shares down ahead of U.S Fed meeting

Tue, 31 Oct 2023 19:54:49 +0000

Wall Street ends slightly up this morning ahead of the Fed decision. Meanwhile global share markets end October down. Ryan and Tom preview the U.S federal reserves meeting. Plus this mornings commodities and the AUD.

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Market Close 31 Oct 23: Spooky month for Aussie market

Tue, 31 Oct 2023 06:10:51 +0000

Stevie and Laura are back with Tuesday's market close update. The market finished mostly flat with 7 of the 11 sectors finishing higher. It was the last day of October and the ASX200 was down 3.8% for the month.

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Morning Report 31 Oct 23: U.S stocks recover and local stocks to open higher

Mon, 30 Oct 2023 19:53:08 +0000

U.S and European stocks recover from recent weakness. Encouraging earnings figures drive sentiment on Wall Street. Local stocks set to open almost half a percent higher. Plus this mornings commodities and the AUD.

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Market Close 30 Oct 23: Market hits fresh one year low

Mon, 30 Oct 2023 05:54:18 +0000

Stevie and Laura are back with the Monday market close update. It wasn’t a great day for the market, with 10 out of 11 sectors finishing lower today. Tech was the only sector to lift today thanks to Amazon’s quarterly results and Endeavour group who are behind Dan Murphy's and BWS were down after their lower than expected quarterly data.

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Morning Report 30 Oct 23: WS mixed, tech jumps and oil surges

Sun, 29 Oct 2023 19:45:58 +0000

Mixed results for U.S stocks as investors weigh key inflation news. Tech stocks end higher helped by a 6% jump in Amazon shares. Oil prices surge as Middle East tensions remain front of mind for traders. Plus this mornings commodities and the AUD.

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Market Close 27 Oct 23: A chirpy end to the week

Fri, 27 Oct 2023 06:09:12 +0000

Stevie joins Laura for the weekly market wrap. They discuss the market lifting after a week of mostly losses, which 6 sectors finished higher and what's coming up that might point to a rate hike in November?

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Morning Report 27 Oct 23: WS slides, Meta drags and Euro rates steady

Thu, 26 Oct 2023 19:53:39 +0000

Wall Street slides on mixed earnings and robust U.S economic growth data. Shares of Meta Platforms drag on the NASDAQ index. The European Central Bank holds interest rates steady. Plus this mornings commodities and the AUD.

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Market Close 26 Oct 23: Market hits 12 month low

Thu, 26 Oct 2023 06:52:07 +0000

Join Laura and Stevie for Thursday’s market update. They chat about what caused the market to fall, which two sectors managed to finish higher and which companies got first strikes at their AGM’s today?

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Morning Report 26 Oct 23: WS falls, Canada rates steady and Aus inflation data

Wed, 25 Oct 2023 20:00:25 +0000

To the U.S first where Wall Street fell after Alphabet earnings disappoint. Meanwhile the Bank of Canada has held interest rates steady. Ryan and Tom review Australian inflation data. Plus this mornings Commodities and the AUD.

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Market Close 25 Oct 23: Inflation lifts, market drops

Wed, 25 Oct 2023 06:36:48 +0000

The market closed just over 2 points lower today after what was a volatile day. Only two of the 11 sectors manager to lift with real estate down the most and materials with the best gains. Ampol were up after their quarterly update today and we've got a big couple of days coming up with profit results, quarterlies and AGM's.

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Morning Report 25 Oct 23: U.S stocks advance, bond yields stabilise, plus inflation data

Tue, 24 Oct 2023 20:00:31 +0000

U.S stocks advanced as earnings beat forecasts. Meanwhile U.S bond yields stabilised despite strong business activity data. Ryan previews inflation data in Australia. Plus this mornings commodities and the AUD.

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Market Close 24 Oct 23: Market snaps 3 day losing streak

Tue, 24 Oct 2023 05:48:59 +0000

The market broke its losing streak with 6 of the 11 sectors finishing higher on Tuesday. Buy now, pay later company Zip hitting their highest levels in around two months today and Ansell were down after their Chair retired, despite announcing that they’re on track to meet profit goals next year.

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Morning Report 24 Oct 23: US mixed, oil deal and Stellantis strike

Mon, 23 Oct 2023 19:53:57 +0000

U.S share markets end mixed as ten year treasury yield hits 16 year high. Meanwhile Chevron announces a huge deal for Hess in the U.S oil patch, and workers strike at Stellantis automotive. Plus this mornings commodities and the AUD.

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Market Close 23 Oct 23: Third day of losses

Mon, 23 Oct 2023 05:54:33 +0000

The market finished lower today for a third straight session. 3 of the 11 sectors lifted, with health care coming out on top. Treasury wines were one of the only companies to lift today after China agreed to review their harsh tariffs on wine and the war in the middle east is continuing to affect energy prices.

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Morning Report 23 Oct 23: Stocks lower, Wed inflation data and ASX200 drops

Sun, 22 Oct 2023 19:43:31 +0000

Geopolitical and interest rate concerns force stocks lower. Locally investors look ahead to Wednesdays inflation figures. Meanwhile futures point to a decline of almost 1% for the ASX 200. Plus this mornings commodities and AUD.

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Market Close 20 Oct 23: Market hits 2 week low

Fri, 20 Oct 2023 06:16:34 +0000

The market finished off the week with some hefty declines. Almost all sectors declined today, with energy being the only one to lift due to higher oil prices. Event Hospitality were up after announcing expectations for record quarter profits and Liontown was back online after Albermarle walked away from their takeover offer.

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Morning Report 20 Oct 23: WS falls, Netflix up and Tesla down

Thu, 19 Oct 2023 20:04:26 +0000

Wall Street falls as investors weigh Jerome Powell’s remarks. Meanwhile Netflix shares are up on strong subscriber growth. Tesla shares sink after a disappointing result. Plus this mornings commodities and the AUD.

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Market Close 19 Oct 23: Unemployment drops, rate hikes ahead?

Thu, 19 Oct 2023 06:10:58 +0000

The Australian sharemarket has followed the negative lead from the US and Europe and finishing below 7000 on Thursday. Declines were consistent across the 11 sectors. Qantas was down after ending their proposed takeover of a smaller rival airline and jobs data fell short of expectations.

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Morning Report 19 Oct 23: Rate hikes, employment figures and the Middle East

Wed, 18 Oct 2023 19:54:30 +0000

Global stocks have retreated as long term interest rates push higher. Meanwhile the Middle East conflict has increased demand for safe havens. Employment figures loom today as the RBA keeps the door open for rate hikes. Plus this mornings commodities and the AUD.

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Market Close 18 Oct 23: Stronger data from China boosts stocks

Wed, 18 Oct 2023 06:01:01 +0000

The market finished higher today but only 5 sectors managed to lift. The energy sector was a standout and utilities faced the biggest losses. Strong data out of China lifted the market and there was a lot of company news today including some from our biggest stocks. Tomorrow, all eyes will be on the jobs data.

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Morning Report 18 Oct 23: U.S retail jumps, Nvidia drops, plus Chinese data

Tue, 17 Oct 2023 19:57:35 +0000

Wall Street slips on higher bond yields as U.S retail sales jump. Nvidia drops as U.S restricts chips for China. Ryan previews Chinese economic data. Plus commodities and the AUD.

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Market Close 17 Oct 23: Market rebound slowed by RBA meeting minutes

Tue, 17 Oct 2023 05:39:29 +0000

Laura is back with Stevie today to unpack how the market has performed. A lift kicked things off but minutes from the RBA slowed the rate of that lift as the day progressed. They look at how the sectors performed and discuss what to expect in the days ahead.

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Morning Report 17 Oct 23: WS gains, Apple down and Bond Yields rise

Mon, 16 Oct 2023 19:53:49 +0000

To the U.S first this morning where Wall Street gained on earnings optimism. Meanwhile U.S bond yields rose amid increased treasury supply. And Apple shares are down on the back of weak Chinese demand. Plus this mornings commodities and AUD.

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Market Close 16 Oct 23: Middle East conflict impacts gold and oil prices

Mon, 16 Oct 2023 05:42:21 +0000

Craig joins Steve today to look at the market. The energy and materials sectors were the only two to see lifts today with 9 of the 10 best performers being in the gold sector as conflicts in the Middle East impact prices of the commodity. They discuss what to expect with the Aussie jobs report on Thursday, discuss a slight fall in the Aussie market, and if we are likely to see an interest rate increase come Melbourne Cup Day.

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Morning Report 16 Oct 23: Oil surges, Oz shares lower and bank earnings

Sun, 15 Oct 2023 19:50:32 +0000

U.S stocks end lower as banks kick off quarterly earnings. Oil prices surge as investors reframe Middle East conflict. Aussie shares seen lower at the start of Mondays session. Plus this mornings commodities and the AUD.

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Market Close 13 Oct 23: ASX snaps 6-day winning streak

Fri, 13 Oct 2023 06:10:05 +0000

The market was spooked this Friday the 13th, closing down by half a percent. The Aussie market still lifted over the week though. Almost all sectors declined, with health care and utilities the only to finish in the green. Data out of China today raised more concerns about the health of its economy and next week, all eyes will be on the latest labour force figures.

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Morning Report 13 Oct 23: WS falls and bond yields rise

Thu, 12 Oct 2023 19:49:03 +0000

Wall Street falls as bond yields rise while investors digest inflation data. Meanwhile Tom and Ryan review wage developments in the U.S. Ryan previews Chinese inflation data. Plus this mornings commodities and the AUD.

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Market Close 12 Oct 23: Longest winning streak in 4 months

Thu, 12 Oct 2023 05:51:40 +0000

It was another day of gains for the ASX200, finishing up for a 6th straight session. 7 of the 11 sectors finished higher with health care declining over 4.5%. CSL dropped significantly, with stocks hitting their lowest levels in 4 years and United Malt Group is getting closer to a takeover from French company, Malteries Soufflet.

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Morning Report 12 Oct 23: U.S rates outlook, oil prices sink and ASX flat

Wed, 11 Oct 2023 19:48:56 +0000

Stocks consolidate as the U.S Fed mulls rate outlook. Meanwhile oil prices sink as much as three percent. The ASX 200 is set for a flat start. Plus this mornings Commodities and the AUD.

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Market Close 11 Oct 23: Five days of wins

Wed, 11 Oct 2023 05:39:09 +0000

The market saw another day of gains with almost all 11 sectors finishing higher. Health care was the only sector that saw minor declines. Bank of Queensland had their worst day in over a year after releasing their profit results and Qantas shares were lifting after their Chairman announced his planned departure late next year.

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Morning Report 11 Oct 23: Oil prices, BOQ earnings and WS gains

Tue, 10 Oct 2023 19:43:29 +0000

Wall Street gains as bond yields fall and Fed officials sound dovish. Tom and Ryan discuss the ongoing impact of the Middle Eastern conflict on Oil. Ryan previews the Bank of Queenslands earnings results. Plus commodities and the AUD.

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Market Close 10 Oct 23: Best day in 3 weeks

Tue, 10 Oct 2023 05:57:22 +0000

The market bounced back today, finishing above 7000 points for the first time in about a week. All 11 sectors were higher, with utilities having the biggest gains and materials the least. Origin Energy had huge gains today after the ACCC approved a takeover bid.

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Morning Report 10 Oct 23: WS positive, oil surges and confidence surveys

Mon, 09 Oct 2023 19:37:42 +0000

Wall Street turns positive as investors digest Fed commentary. Oil prices surge on the back of the Middle Eastern conflict. Ryan previews consumer and business confidence surveys in Australia. Plus this mornings commodities and the AUD.

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Market Close 09 Oct 23: Middle East conflict drives market

Mon, 09 Oct 2023 05:51:04 +0000

The market closed up today by around a quarter of 1%. Sectors were very much mixed today with 6 of 11 finishing lower. Energy was the highest by far and tech had the biggest losses. The conflict in the middle east has lead to an increase in gold and oil prices.Coming up, annual general meetings are just around the corner.

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Morning Report 09 Oct 23: Jobs growth, the Gaza Strip and ASX 200 up

Sun, 08 Oct 2023 19:52:19 +0000

U.S stocks whipsaw following stronger U.S jobs growth. Meanwhile investors eye oil prices as Middle East conflict escalates. The ASX 200 is expected to kick off firmly in positive territory on Monday. Plus this mornings AUD.

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Market Close 06 Oct 23: ASX holds gains ahead of US jobs data

Fri, 06 Oct 2023 05:58:44 +0000

The Aussie market posted its 2nd day of gains ahead of the key jobs report out of the US tonight. This data could impact what happens next with interest rates. Over the week though, the Aussie market still declined – its 3rd straight week of losses. Energy continued to be under pressure as oil prices dip further. But the financial sector soared led by a solid performance from major banks.

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Morning Report 06 Oct 23: U.S jobs data, RBA stability review and oil slumps

Thu, 05 Oct 2023 19:50:29 +0000

U.S stocks show little change as investors await Fridays jobs data, and Ryan and Tom assess the U.S employment report. Meanwhile oil extends its slump. Ryan previews the Reserve Bank financial stability review. Plus this mornings commodities and the AUD.

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Market Close 05 Oct 23: Aussie shares lift on easing of inflation worries

Thu, 05 Oct 2023 05:41:40 +0000

The Aussie sharemarket has lifted for the first time in four days in line with other bourses on an easing of inflation concerns, closing up by half a percent.

8of the 11 sectors were higher today, with energy falling the most after oil prices plunged overnight, having its biggest drop in over a year. Interest rate sensitive stocks did well – tech, consumer discretionary & real estate.

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Morning Report 05 Oct 23: Stocks consolidate, oil plunges and ASX 200 looking positive

Wed, 04 Oct 2023 19:54:57 +0000

U.S stocks consolidate this morning after recent losses following a lower reading on jobs growth. Meanwhile interest rate fears soften after oil prices plunge by 5%. Futures point to a positive start for the ASX 200. Plus the team have this mornings commodities and the AUD.

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Market Close 04 Oct 23: Market tumbles to 11 month low

Wed, 04 Oct 2023 05:47:37 +0000

It’s been a spooky start to October with the market hitting its lowest point since November last year. Almost all sectors were down with utilities being the only to lift. Qantas hit their lowest levels in over a year and gold miners did well today.

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Morning Report 04 Oct 23: Stocks fall, bond yields high and grim week ahead

Tue, 03 Oct 2023 19:56:23 +0000

U.S stocks fall as jobs data adds to rate worries. Meanwhile U.S Bond yields hit 16 year highs. Ryan and Tom preview the RBNZ rate decision today. Plus this mornings commodities and the AUD.

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Market Close 03 Oct 23: ASX hits 6-month low

Tue, 03 Oct 2023 05:46:05 +0000

The market has finished lower today, dropping below 7000 points for the first time since late March. It was Michele Bullock’s first interest rate decision today and the new Governor of the Reserve Bank of Australia decided to keep rates steady for a 4th consecutive month. Sectors were mostly down today, energy had the biggest losses while health care performed the best thanks to its biggest stock, CSL.

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Morning Report 03 Oct 23: Higher interest rates, oil moderates and RBA decision

Mon, 02 Oct 2023 19:56:57 +0000

U.S and European stocks run into headwinds as long term interest rates march higher. Meanwhile, a welcome reprieve with oil prices moderating. And Tom and Ryan look ahead to todays RBA decision on interest rates. Plus the commodities and AUD.

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Market Close 02 Oct 23: Markets tread water ahead of interest rate decision

Mon, 02 Oct 2023 05:42:50 +0000

Markets are down today as the holidays impact the number of trades taking place. Laura and Stevie discuss mining in detail with it being the sector that lifted the most and look at healthcare which saw a drop. They unpack the things to watch overnight ahead of an interest rate decision tomorrow, and update you as the market closes.

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Morning Report 02 Oct 23: Inflation, Govt shutdowns and oil

Sun, 01 Oct 2023 20:03:14 +0000

Starting with the U.S this morning where key inflation figures deliver relief for investors, although political uncertainty weighed on stocks. Ryan and Tom also dig into the impacts of an amnesty over the potential U.S Government shutdown. Meanwhile local shares are set to start the week lower as investors look ahead to tomorrows RBA decision. Plus this mornings commodities and AUD.

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Market Close 29 Sept 23: Biggest monthly tumble in a year

Fri, 29 Sep 2023 06:46:17 +0000

It's the final trading day for September and even though the market ended today on a positive note, it wrapped up the month with a decrease of around 3.5%. Energy was the only sector to rise this month and Core Lithium was up around 19% after posting its first profit.

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Morning Report 29 Sept 23: Wall Street ends higher ahead of key inflation report

Thu, 28 Sep 2023 21:02:16 +0000

With the share market on pace for the worst month of the year Tom and Ryan are back for another episode the CommSec Market Update. They discuss a recovery to US stocks after days of excessive selling, look at what will impact the market in the days ahead, and discuss oil prices.

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Market Close 28 Sept 23: Big energy energy

Thu, 28 Sep 2023 06:56:07 +0000

The market closed down by just 5.5 points today with 9 of the 11 sectors finishing lower. Energy stocks stood out as clear winners today, gaining almost 3%. It was the biggest day of the year for dividend payments, with around 18 billion dollars being paid out.

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Morning Report 28 Sept 23: Choppy night on Wall Street

Wed, 27 Sep 2023 20:59:23 +0000

It’s been a choppy night on Wall Street as investors weigh elevated bond yields and prospects for a U.S Government shutdown. Meanwhile Ryan and Craig review developments in the U.K real estate market. Oil prices have hit the highest level since August 2022. Plus the team has the commodities and the AUD.

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Market Close 27 Sept 23: Are rates likely to stay on hold?

Wed, 27 Sep 2023 07:26:26 +0000

Join Stevie and Laura on what has been a volatile and rocky day with markets closing slightly down again. They investigate what could impact the markets in the day ahead, look at what might influence the upcoming rate decision, and how each of the sectors performed.

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Morning Report 27 Sept 23: Concerns over U.S Gov shutdown

Tue, 26 Sep 2023 21:03:35 +0000

To the U.S first where the Dow Jones index has shed nearly 400 points since March. Meanwhile concerns are growing around a potential U.S government shutdown. Ryan and Craig preview Aussie inflation data due today. Plus this mornings commodities and the AUD.

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Market Close 26 September 23: Aussie market falls ahead of inflation

Tue, 26 Sep 2023 06:35:32 +0000

The market finished lower today, closing down by half a percent. 9 of the 11 sectors were down, with health care coming out on top. Pro Medicus was the top performer today after a deal with a U.S. company and it was more bad news for Qantas who hit a 52 week low today. Coming up tomorrow, inflation data for August.

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Morning Report 26 Sept 23: A choppy day on commodities market

Mon, 25 Sep 2023 20:54:57 +0000

Craig is on his own this morning and starts with U.S shares which ended modestly in the black. Meanwhile weak economic data pushed European share markets lower. And it’s been a choppy day on commodity markets. Plus this mornings commodities and the AUD.

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Market Close 25 September 23: Aussie stocks bounce back from slow start

Mon, 25 Sep 2023 06:54:15 +0000

The market was almost flat today, closing up by just 7 points. Almost all sectors were up today, with tech finishing the highest. Our two biggest sectors were down, leading to the flat result. It's looking like the market will finish off September with a loss, consistent with the last 9 out of 11 years. Lithium producers were down today and Star Entertainment were in a trading halt before an expected announcement. Coming up this week, more than 21 billion dollars of dividends will be paid out.

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Morning Report 25 Sept 23: ASX expected to start with a loss

Sun, 24 Sep 2023 21:16:28 +0000

To the U.S first where Wall Street moderated following the latest readings on activity in the manufacturing and services sectors. European markets eased on the back of slowing activity. The ASX 200 is expected to kick off with a loss this morning. Plus this mornings commodities and the AUD.

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Market Close 22 September 23: Market makes impressive recovery from 6-month low

Fri, 22 Sep 2023 06:41:16 +0000

It was a rollercoaster day for the market today, closing up by just 3.6 points. The sectors ended mixed today, with 6 of 11 finishing higher, real estate had the biggest losses and utilities came out on top. Fruit and veggie grower Costa Group has accepted a takeover from a U.S. company and News Corp was up after Rupert Murdoch announced his retirement. Next week, a big week of payouts with our markets biggest stocks paying out dividends

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Morning Report 22 Sept 23: Murdoch steps down with positive market response

Thu, 21 Sep 2023 21:12:37 +0000

Craig joins Tom this morning as global sharemarkets fall following investor response to central bank rate actions. Meanwhile the Australian share market is expected to get off to another negative start following weakness in the U.S and Europe. Commodity prices are lower across the board on investor expectations that interest rates will stay higher for longer. Plus the team have this mornings AUD.

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Market Close 21 September 23: Competition regulator strikes again

Thu, 21 Sep 2023 06:46:15 +0000

It was an ugly day for the market today, declining almost 1.4%. All sectors were down today, with tech performing the best. The U.S. held interest rates, leading to fears around inflation and Transurban were blocked by the ACCC from buying EastLink. Looking forward, the big bank bonanza continues with England, Switzerland and Japan announcing their interest rate decisions.

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Morning Report 21 Sept 23: Hawkish pause sends Wall Street lower

Wed, 20 Sep 2023 21:03:32 +0000

Craig joins Tom again this morning as they look at a hawkish pause for the U.S Fed which sent Wall Street lower. Lower than expected U.K inflation shifts expectations for a Bank of England decision. And futures point to a slightly weaker start for the ASX 200 this morning. Plus this mornings commodities and the AUD.

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Market Close 20 September 23: Sizzling day for Sezzle

Wed, 20 Sep 2023 06:42:44 +0000

It was another day of losses on Wednesday, with the market declining close to half a percent. Almost all sectors were lower with only 3 gaining. Energy faced the biggest losses while consumer discretionary had the biggest gains. Looking ahead, will the U.S. Federal Reserve lift interest rates?

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Morning Report 20 Sept 23: Investors on edge ahead of central bank meetings

Tue, 19 Sep 2023 20:58:33 +0000

Craig joins Tom in the hot seat this morning and they start with investors on edge ahead of key central bank meetings. Meanwhile oil prices stabilise with some profit taking being noted. The AUD is marking time, supported by higher energy prices. Plus this mornings commodities.

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Market Close 19 September 23: A sparkle amid declines

Tue, 19 Sep 2023 06:52:42 +0000

The Aussie market declined on Tuesday, falling for the second straight session ahead of the US interest rate decision. Most sectors declines, but energy stocks lifted as oil hovers near 10 month highs. Banks and miners were a major weight, but the gold sub-sector was a bright spot amid broader declines. Newmont got the green light from Australian officials to proceed with buying out Australian based gold miner, Newcrest Mining. Tonight, the US Central Bank’s two-day policy meeting kicks off.

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Morning Report 19 Sept 23: Oil prices hit 95USD a barrel

Mon, 18 Sep 2023 20:57:38 +0000

To the U.S first where Wall Street moved sideways as investors await the Fed. Meanwhile oil prices touch 95USD a barrel. Ryan and Tom preview the latest reserve bank board meeting minutes. Plus this mornings commodities and the AUD.

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Market Close 18 September 23: Rough start to the week

Mon, 18 Sep 2023 06:54:50 +0000

The market closed down today, with all 11 sectors finishing in the red. Tech faced the biggest losses, following the lead of the U.S. It was Michelle Bullock’s first day of her 7-year term as RBA governor and it's going to be a big week ahead with more dividend payments and an interest rate decision out of the U.S.

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Morning Report 18 Sept 23: Oil prices stoke inflationary concerns

Sun, 17 Sep 2023 21:04:01 +0000

Tom and Ryan start in the U.S this morning where stocks retreated as long term interest rates rise. Meanwhile oil prices stoke inflationary concerns. Tom looks into European stocks which have been encouraged by the latest round of Chinese growth figures. Plus this mornings commodities and the AUD.

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Market Close 15 September 23: Aussie market as strong as steel

Fri, 15 Sep 2023 06:56:41 +0000

The Aussie market had its best day in 2 months. Data out of China showed signs of an economic recovery which boosted the market. All sectors improved on Friday. Qantas was in the spotlight again. Owner of IGA, Metcash rose after its trading update. Looking ahead, the spotlight will be on the US Federal Reserve meeting next week. $3.1B in dividend will be paid out to shareholders in Australia from ASX 200 companies.

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Morning Report 15 Sept 23: European Central Bank lifts rates for last time

Thu, 14 Sep 2023 20:57:41 +0000

Wall Street ends higher on solid economic data as Arm soars in debut. Meanwhile the European Central Bank has lifted interest rates for the last time. Ryan and Tom preview Chinese economic data out today. Plus this mornings commodities and the AUD.

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Market Close 14 September 23: Uranium stocks power Aussie market

Thu, 14 Sep 2023 06:49:44 +0000

The Aussie market lifted on Thursday, putting the market back on track to end the week in positive territory. A mixed jobs report was released, with investors still expecting no rate hike in October. Most sectors lifted, with miners and banks doing best. Myer reported a boost to annual sales and profits, but a smaller dividend and flagged slowing trade in the new year. A few stocks trading ex-dividend weighed on the market. Tonight, the US releases producer inflation and consumer spending data. The European Central Bank will hand down its interest rate decision.

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Morning Report 14 Sept 23: U.S stocks mixed following inflation report

Wed, 13 Sep 2023 20:59:51 +0000

Starting in the U.S this morning with mixed outcomes for stocks overnight following the latest inflation report. Meanwhile European stocks fall as economies continues to moderate. The team look at the August employment report which is the key event locally. Plus this mornings commodities and the AUD.

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Market Close 13 September 23: Birken-stocks?

Wed, 13 Sep 2023 06:53:15 +0000

The market lost all of the gains from earlier in the week today, closing down 0.75%. 9 of 11 sectors closed down, with utilities and energy being the only to lift. It’s looking like centuries old footwear makers Birkenstocks are getting ready to become a publicly listed company. Ahead, inflation data out of the U.S..

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Morning Report 13 Sept 23: Apple’s iPhone launch underwhelms

Tue, 12 Sep 2023 21:50:19 +0000

Tech shares slide overnight in a luke warm response to Apple’s iPhone launch. Ryan and Tom preview US inflation data. Plus this mornings commodities and the AUD.

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Market Close 12 September 23: Market lifts despite energy slump

Tue, 12 Sep 2023 06:51:44 +0000

It was another day of gains, albeit small ones. 6 of the 11 sectors were up, materials and health care were up and energy had the largest losses. Looking ahead, how will the U.S. market react to Apple’s new product launch overnight?

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Morning Report 12 Sept 23: Tech shares lead Wall St recovery

Mon, 11 Sep 2023 20:58:28 +0000

Tom and Ryan look at technology stocks which led a recovery for Wall Street overnight, including Apple shares which firmed ahead of a key product launch. Meanwhile Tesla shares surged on the back of a broker upgrade. They preview a likely flat start for local shares Tuesday. Plus this mornings commodities and the AUD.

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Market Close 11 September 23: Market ends nasty losing streak

Mon, 11 Sep 2023 06:31:47 +0000

It’s looking to be a positive start to the week, with the market up by almost half a percent. It has been a tough start to the month despite the wins today, with the market down roughly 1.6% in only 7 sessions. Financial and Material were up today and it's going to be a big week ahead with a lot to look out for, both locally and internationally.

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Morning Report 11 Sept 23: Weather-beaten US stocks post moderate gains

Sun, 10 Sep 2023 21:12:36 +0000

Wall street ended a volatile week with modest gains. Ryan and Tom discuss this in more detail, including looking at the relief that has come from Chinese inflation moderating over the past month. A big week is also ahead for market outcomes with Tom and Ryan both revealing their ‘must watch’ event to look out for.

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Market Close 08 September 23: Market slides for fourth day

Fri, 08 Sep 2023 06:45:35 +0000

Today marked the fourth consecutive day of decline, erasing the previous week's progress. The energy sector was the sole gainer this week, while Qantas shares continued to decline. The upcoming week promises to be eventful, with China set to announce inflation figures over the weekend, and Australian job data scheduled for release next Tuesday.

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Morning Report 08 Sept 23: Tech shares fall on Apple drag

Thu, 07 Sep 2023 21:09:32 +0000

Technology shares were in focus this morning as China broadened the ban on the iPhone. Tom and Ryan unpack the impact of this on the market, review commodity prices, and discuss the solid US economic data that continues to fuel rate jitters.

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Market Close 07 September 23: BHP rocks the market

Thu, 07 Sep 2023 06:27:07 +0000

It was a third straight day of losses, with the market expected to have its worst day in 3 weeks. As expected our market’s biggest stock, BHP had a difficult day after trading ex dividend. All 11 sectors are expected to fall today and Philip Lowe gave his last speech in his role as governor of the RBA.

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Morning Report 07 Sept 23: Data stokes inflation and rate worries

Wed, 06 Sep 2023 21:07:27 +0000

Wall Street slid overnight as economic data stokes inflation and interest rate worries. Meanwhile oil prices have hit fresh nine month highs. Tom and Ryan preview RBA Governor Phillip Lowe's final speech. Plus this mornings commodities and the AUD.

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Market Close 06 September 23: Oil prices gush higher

Wed, 06 Sep 2023 06:31:00 +0000

The Aussie market didn’t have a great session today. Energy was the only sector to lift, while banks and miners weighed most. Higher oil prices and concerns about China were a big weight on markets today. Can and bottle maker, Orora was under the most pressure after raising money to buy a French bottle maker company. Tomorrow, keep an eye on BHP which will be trading ex-dividend – the cut off for those eligible to receive a dividend payment – as it could weigh on the Aussie market given that it’s the largest stock on the ASX.

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Morning Report 06 Sept 23: Wall Street slips, OPEC cuts production

Tue, 05 Sep 2023 21:14:06 +0000

Wall Street slips as bond yields rise with oil prices boosting the energy sector. Meanwhile OPEC extends crude production cuts until December. Ryan and Tom assess todays economic growth data for Australia. Plus this mornings commodities and the AUD.

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Market Close 05 September 23: Interest rates on hold for 3rd month

Tue, 05 Sep 2023 06:47:07 +0000

RBA governor Phillip Lowe held interest rates today, in what was his last policy meeting before he steps down. Sectors were mixed with health care finishing the highest. Qantas CEO Alan Joyce has brought his retirement forward, finishing up this week and Westpac was down after ASIC looked into ignored hardship requests.

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