Wall Street ends the week with a fresh set of record highs as U.S. stocks rise for the fourth consecutive day. Markets posted their best weekly gains in a year, with the S&P 500 marking its 50th record high for 2024. Meanwhile, futures indicate a decline for the ASX 200 as China’s stimulus efforts leave investors unimpressed and a busy week awaits in Australia, with key wage and employment figures set for release.

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 ends the week with a fresh set of record highs as U.S. stocks rise for the fourth consecutive day. Markets posted their best weekly gains in a year, with the S&amp;P 500 marking its 50th record high for 2024. Meanwhile, futures indicate a decline for the ASX 200 as China’s stimulus efforts leave investors unimpressed and a busy week awaits in Australia, with key wage and employment figures set for release.
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 11 Nov 24: Wall Street ends momentous week by setting new record highs

The Australian market ended a three-day losing streak with a slight lift, supported by steady inflation and employment data that matched expectations. While U.S. inflation data hinted at another rate cut next month, the Australian market remains cautious, expecting no cut until early next year. Sectors showed mixed performance: tech led gains, while materials, weighed down by a strong U.S. dollar and China's economic concerns, struggled, especially in mining stocks. Notably, Bitcoin soared to new highs, driven by increased U.S. interest in crypto policy, and several ASX stocks reached record levels. Looking ahead, markets are focused on upcoming economic releases from China, which could influence material stocks tomorrow.



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 Australian market ended a three-day losing streak with a slight lift, supported by steady inflation and employment data that matched expectations. While U.S. inflation data hinted at another rate cut next month, the Australian market remains cautious, expecting no cut until early next year. Sectors showed mixed performance: tech led gains, while materials, weighed down by a strong U.S. dollar and China's economic concerns, struggled, especially in mining stocks. Notably, Bitcoin soared to new highs, driven by increased U.S. interest in crypto policy, and several ASX stocks reached record levels. Looking ahead, markets are focused on upcoming economic releases from China, which could influence material stocks tomorrow.
 
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 14 Nov 24: Bitcoin jumps to new record high

Wall Street consolidates after recent gains and U.S. inflation data aligns with expectations, supporting the case for a December rate cut. The S&P 500 is on track for its 52nd record high this year. In company news, Amazon's new storefront aims to compete with low-cost shipping app Temu. Meanwhile, commodities remain under pressure due to the strengthening U.S. dollar, and Aussie shares are expected to lift ahead of key jobs data.

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 consolidates after recent gains and U.S. inflation data aligns with expectations, supporting the case for a December rate cut. The S&amp;P 500 is on track for its 52nd record high this year. In company news, Amazon's new storefront aims to compete with low-cost shipping app Temu. Meanwhile, commodities remain under pressure due to the strengthening U.S. dollar, and Aussie shares are expected to lift ahead of key jobs data.
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 14 Nov 24: Wall Street consolidates around record highs

The Aussie market faced a broad-based decline, shedding nearly 0.8% with steep losses across 10 of 11 sectors. The downturn followed last week’s post-election surge, signaling that investor enthusiasm might be cooling. Banks weighed heavily, particularly ANZ, which traded ex-dividend, while Commonwealth Bank reported stable profits but saw shares fall amidst economic concerns. Sectors like materials and consumer staples also suffered, pressured by weak commodity prices and global trade worries. Lithium and uranium stocks showed mixed performance; Paladin Energy rebounded, yet several lithium miners faced operational cuts due to low prices. On a positive note, Aristocrat Leisure and James Hardie Industries posted strong results, showing resilience in challenging conditions. The economic outlook remains uncertain, with slower-than-expected wage growth and upcoming jobs data keeping interest rate cuts on the radar.



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 faced a broad-based decline, shedding nearly 0.8% with steep losses across 10 of 11 sectors. The downturn followed last week’s post-election surge, signaling that investor enthusiasm might be cooling. Banks weighed heavily, particularly ANZ, which traded ex-dividend, while Commonwealth Bank reported stable profits but saw shares fall amidst economic concerns. Sectors like materials and consumer staples also suffered, pressured by weak commodity prices and global trade worries. Lithium and uranium stocks showed mixed performance; Paladin Energy rebounded, yet several lithium miners faced operational cuts due to low prices. On a positive note, Aristocrat Leisure and James Hardie Industries posted strong results, showing resilience in challenging conditions. The economic outlook remains uncertain, with slower-than-expected wage growth and upcoming jobs data keeping interest rate cuts on the radar.
 
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 11 Nov 24: Wall Street ends momentous week by setting new record highs

In 1 playlist(s)

CommSec Market Update

Social links

Follow podcast

Recent clips