The Dow Jones closed at a record high on Friday and the NASDAQ rose over 1% following a stronger-than-expected jobs report. This report has lowered expectations for rate cuts and pushed the US dollar to a seven-week high. US bank stocks also hit record highs ahead of their earnings reports later this week, while US bond yields saw their largest increase since April. Meanwhile, Rio Tinto is in talks to acquire lithium miner Arcadium. Closer to home, Aussie shares are expected to open higher, supported by rising 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.

The Dow Jones closed at a record high on Friday and the NASDAQ rose over 1% following a stronger-than-expected jobs report. This report has lowered expectations for rate cuts and pushed the US dollar to a seven-week high. US bank stocks also hit record highs ahead of their earnings reports later this week, while US bond yields saw their largest increase since April. Meanwhile, Rio Tinto is in talks to acquire lithium miner Arcadium. Closer to home, Aussie shares are expected to open higher, supported by rising 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.

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

Morning Report 07 Oct 24: Dow Jones jumps 300 points to a record close on Friday

In the last podcast of 2024, Steve and Laura reflect on a challenging December for the Aussie market, which has seen a 4.5% decline, making it the worst month of the year. The Federal Reserve's slower-than-expected pace of rate cuts rattled global markets, with Financials, consumer discretionary, and materials sectors among the hardest hit locally. Highlights included Life360's 200% surge this year, gold stocks benefiting from record prices, and lithium miners and Star Entertainment ranking among the biggest losers.

 

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.

In the last podcast of 2024, Steve and Laura reflect on a challenging December for the Aussie market, which has seen a 4.5% decline, making it the worst month of the year. The Federal Reserve's slower-than-expected pace of rate cuts rattled global markets, with Financials, consumer discretionary, and materials sectors among the hardest hit locally. Highlights included Life360's 200% surge this year, gold stocks benefiting from record prices, and lithium miners and Star Entertainment ranking among the biggest losers.
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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.

Market Close 20 Dec 24: The best and worst of 2024

Wall Street is making a cautious recovery after experiencing one of the year’s steepest declines. The Dow Jones Index broke a 10-day losing streak, its longest since 1974, while the 10-year US Treasury yield climbed to its highest level since May, reflecting ongoing strength in the US economy. In corporate news, Micron Technology faced its worst trading day since 2020 following disappointing guidance, while Darden Restaurants enjoyed its best performance since November 2020. Meanwhile, in Europe, the Bank of England held rates steady as policymakers debated whether to implement cuts. Oil prices declined, weighed down by a pessimistic economic outlook. Looking ahead, Aussie shares are predicted to slide as the traditional "Santa rally" shows signs of fading. Adding to the pressures, the Aussie dollar hit a two-year low.

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 is making a cautious recovery after experiencing one of the year&rsquo;s steepest declines. The Dow Jones Index broke a 10-day losing streak, its longest since 1974, while the 10-year US Treasury yield climbed to its highest level since May, reflecting ongoing strength in the US economy. In corporate news, Micron Technology faced its worst trading day since 2020 following disappointing guidance, while Darden Restaurants enjoyed its best performance since November 2020. Meanwhile, in Europe, the Bank of England held rates steady as policymakers debated whether to implement cuts. Oil prices declined, weighed down by a pessimistic economic outlook. Looking ahead, Aussie shares are predicted to slide as the traditional "Santa rally" shows signs of fading. Adding to the pressures, the Aussie dollar hit a two-year low.
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 20 Dec 24: US stocks rise in defensive session as the US dollar gains

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.

Morning Report 07 Oct 24: Dow Jones jumps 300 points to a record close on Friday

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