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.

 

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.

The Aussie share market faced a tough day, with the ASX 200 facing it's steepest decline in three and a half months&mdash;dragged down by a 2.5% fall in the US Dow Jones. Investor concerns stemmed from the US Federal Reserve&rsquo;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&rsquo;s losses have nearly erased November&rsquo;s strong gains, leaving hopes pinned on a late Santa Claus rally.
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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.

CommSec Market Update is the podcast that will help you to stay ahead of the trends with daily expert commentary as the market opens and closes.  Whether you are invested in the stock market, or just looking to get started, join the team from Australia’s leading online broker and follow the changes as they happen.



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.

CommSec Market Update is the podcast that will help you to stay ahead of the trends with daily expert commentary as the market opens and closes.  Whether you are invested in the stock market, or just looking to get started, join the team from Australia’s leading online broker and follow the changes as they happen.
 
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.

Insights, interviews and the latest news and information on investment markets from CommSec, Australia's leading online broker.

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