The US services index climbed, with the price gauge reaching its highest level since 2023, signalling persistent inflation concerns. Traders have adjusted their expectations, no longer fully pricing in a US rate cut before July. Meanwhile, US job openings surged to a six-month high, reflecting a resilient labour market. Additionally, the technology sector lagged, with Nvidia dipping after reaching a record high, while Moderna's stock saw a significant rise due to new vaccine plans. Commodity markets also showed mixed signals; oil prices increased amid Western sanctions, but iron ore fell to a seven-week low, potentially impacting the Aussie market today. Despite these challenges, Aussie shares are on track for a fifth consecutive day of gains. Furthermore, the US dollar advanced to a six-month high, emphasising the strength of the US economy.

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 US services index climbed, with the price gauge reaching its highest level since 2023, signalling persistent inflation concerns. Traders have adjusted their expectations, no longer fully pricing in a US rate cut before July. Meanwhile, US job openings surged to a six-month high, reflecting a resilient labour market. Additionally, the technology sector lagged, with Nvidia dipping after reaching a record high, while Moderna's stock saw a significant rise due to new vaccine plans. Commodity markets also showed mixed signals; oil prices increased amid Western sanctions, but iron ore fell to a seven-week low, potentially impacting the Aussie market today. Despite these challenges, Aussie shares are on track for a fifth consecutive day of gains. Furthermore, the US dollar advanced to a six-month high, emphasising the strength of the US economy.
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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