CommSec Market Update

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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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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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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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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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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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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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.

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...

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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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 risi...

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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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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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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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...

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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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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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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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 r...

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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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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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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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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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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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 fr...

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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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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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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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...

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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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...

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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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...

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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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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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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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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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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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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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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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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