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.

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 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.
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.

CommSec Market Update

Market Close 28 Nov 24: Second record high of the week 

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.



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 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.
 
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.

Market Close 29 Nov 24: Second best month of the year 

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.

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.

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.
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.

Morning Report 29 Nov 24: European share markets edge higher as investors focus on French political uncertainty

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.

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.

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.
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.

Market Close 28 Nov 24: Second record high of the week

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