Wall Street surges as stronger retail sales boost investor sentiment, while Aussie investors are focused on NAB's trading update today. The S&P 500 and NASDAQ achieved a six-day winning streak, with big-box retailers climbing after Walmart's strong results. Meanwhile, copper and oil prices rise on hopes of a soft landing, while iron ore hits a 14-month 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 surges as stronger retail sales boost investor sentiment, while Aussie investors are focused on NAB's trading update today. The S&amp;P 500 and NASDAQ achieved a six-day winning streak, with big-box retailers climbing after Walmart's strong results. Meanwhile, copper and oil prices rise on hopes of a soft landing, while iron ore hits a 14-month 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.

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 16 Aug 24: ASX to rise for a sixth day as US retail data ignites global rally

The ASX had a strong performance today, with the market experiencing its best week of the year, gaining 2.3% and nearing record highs. Global economic data provided a mixed but favorable backdrop, with easing inflation and robust US retail sales boosting investor confidence. Despite challenges, mining and energy stocks led gains, with tech and financial sectors also performing well. Domain shares saw volatility, initially rising before slipping into the red, while Zip surged 13% on a new partnership with Stripe in the US. As the reporting season progresses, anticipation builds for next week's updates from major companies like Domino's, Santos, and Westpac.

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 ASX had a strong performance today, with the market experiencing its best week of the year, gaining 2.3% and nearing record highs. Global economic data provided a mixed but favorable backdrop, with easing inflation and robust US retail sales boosting investor confidence. Despite challenges, mining and energy stocks led gains, with tech and financial sectors also performing well. Domain shares saw volatility, initially rising before slipping into the red, while Zip surged 13% on a new partnership with Stripe in the US. As the reporting season progresses, anticipation builds for next week's updates from major companies like Domino's, Santos, and Westpac.
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 16 Aug 24:  Best day of the month for Aussie Stocks

The Australian share market is teetering on a fifth consecutive day of modest gains despite a mixed bag of economic data. A surprising surge in job growth saw 58,200 new jobs in July, driving speculation about potential rate cuts, though uncertainty lingers. In the corporate world, Cochlear shares plunged over 7% despite solid profits, while Telstra's shares rose on news of a dividend increase, despite a dip in profits. Notable moves included Treasury Wine Estates benefiting from easing Chinese tariffs, and Pilbara Minerals acquiring Latin Resources, sending Latin's shares soaring.





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 share market is teetering on a fifth consecutive day of modest gains despite a mixed bag of economic data. A surprising surge in job growth saw 58,200 new jobs in July, driving speculation about potential rate cuts, though uncertainty lingers. In the corporate world, Cochlear shares plunged over 7% despite solid profits, while Telstra's shares rose on news of a dividend increase, despite a dip in profits. Notable moves included Treasury Wine Estates benefiting from easing Chinese tariffs, and Pilbara Minerals acquiring Latin Resources, sending Latin's shares soaring.
 
 
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 15 Aug 24: Five day winning streak for Aussie stocks

US stocks had mixed fortunes despite encouraging inflation data, with US inflation reaching a three-and-a-half-year low. Shelter inflation stood out, accounting for 90% of the overall rise in the CPI for July. Alphabet weighed on the NASDAQ as options are being considered for breaking up the online search giant. Iron ore prices hit their lowest since May 2023, while lithium miners are in focus after Albemarle's 5% drop. Locally, Australian shares are expected to open higher on Thursday ahead of key jobs data, while the Aussie dollar softened overnight.

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.

US stocks had mixed fortunes despite encouraging inflation data, with US inflation reaching a three-and-a-half-year low. Shelter inflation stood out, accounting for 90% of the overall rise in the CPI for July. Alphabet weighed on the NASDAQ as options are being considered for breaking up the online search giant. Iron ore prices hit their lowest since May 2023, while lithium miners are in focus after Albemarle's 5% drop. Locally, Australian shares are expected to open higher on Thursday ahead of key jobs data, while the Aussie dollar softened overnight.
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 16 Aug 24: ASX to rise for a sixth day as US retail data ignites global rally

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