Wall Street surged to fresh record highs as investors bet a Federal Reserve rate cut is all but certain. US core CPI rose in line with expectations, keeping the Fed on track to ease policy, while a spike in jobless claims in Texas pointed to ongoing labour market weakness. In company news, Paramount and Skydance are preparing a bid for Warner Bros Discovery. Elsewhere, the European Central Bank left interest rates unchanged. In commodities, oil prices fell 2% due to concerns about oversupply, while iron ore prices declined amid elevated Chinese steel inventories. Back home, Aussie shares are expected to finish the week on a positive note.

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 surged to fresh record highs as investors bet a Federal Reserve rate cut is all but certain. US core CPI rose in line with expectations, keeping the Fed on track to ease policy, while a spike in jobless claims in Texas pointed to ongoing labour market weakness. In company news, Paramount and Skydance are preparing a bid for Warner Bros Discovery. Elsewhere, the European Central Bank left interest rates unchanged. In commodities, oil prices fell 2% due to concerns about oversupply, while iron ore prices declined amid elevated Chinese steel inventories. Back home, Aussie shares are expected to finish the week on a positive note.
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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