CommSec Market Update

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...

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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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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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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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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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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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.

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 tak...

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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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...

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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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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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...

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 bein...

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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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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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.

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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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 shar...

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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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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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 quarte...

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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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...

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...

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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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...

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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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 Mi...

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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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 pr...

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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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 th...

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 co...

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...

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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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...

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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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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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 an...

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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