Wall Street continued to consolidate as investors awaited key employment reports, while trade war concerns eased despite ongoing threats from President Trump. In corporate news, Ralph Lauren surged the most in a year following an upbeat outlook, while Tapestry shares soared as Coach exceeded expectations. Philip Morris hit record highs, driven by strong demand for its Zyn nicotine pouches, while Honeywell shares fell amid activist pressure for a breakup. U.S. banks also reached new record highs. Across the Atlantic, the Bank of England cut interest rates, pushing UK shares to record levels. Meanwhile, ArcelorMittal posted its biggest jump since 2020 on strong earnings. In commodities, oil prices declined in choppy trade, gold's record rally paused, and iron ore rose due to concerns over Australian supply. Looking ahead, Aussie shares are expected to ease from record highs on Friday, while the Aussie dollar continues to climb as the U.S. dollar moderates.

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 continued to consolidate as investors awaited key employment reports, while trade war concerns eased despite ongoing threats from President Trump. In corporate news, Ralph Lauren surged the most in a year following an upbeat outlook, while Tapestry shares soared as Coach exceeded expectations. Philip Morris hit record highs, driven by strong demand for its Zyn nicotine pouches, while Honeywell shares fell amid activist pressure for a breakup. U.S. banks also reached new record highs. Across the Atlantic, the Bank of England cut interest rates, pushing UK shares to record levels. Meanwhile, ArcelorMittal posted its biggest jump since 2020 on strong earnings. In commodities, oil prices declined in choppy trade, gold's record rally paused, and iron ore rose due to concerns over Australian supply. Looking ahead, Aussie shares are expected to ease from record highs on Friday, while the Aussie dollar continues to climb as the U.S. dollar moderates.
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.