CommSec Market Update
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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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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 The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
It was another day of losses on Wednesday, with the market declining XXXXX. 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? The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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.. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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? The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.
