The US Federal Reserve has cut interest rates by 25 basis points but surprised investors by signaling a reduced forecast for future cuts. Meanwhile, the Dow Jones is on track for a 10-day losing streak, potentially marking its worst performance since 1974. In corporate news, Birkenstock shares are climbing amid a surge in demand for sandals, while speculation of a Honda-Nissan merger has sent ripples through the European car market. On the currency front, the US dollar has hit its highest level since November 2022, putting additional pressure on the Australian dollar, which continues to slump. Looking ahead, Aussie shares are expected to open lower on Thursday, weighed down by declining iron ore 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 US Federal Reserve has cut interest rates by 25 basis points but surprised investors by signaling a reduced forecast for future cuts. Meanwhile, the Dow Jones is on track for a 10-day losing streak, potentially marking its worst performance since 1974. In corporate news, Birkenstock shares are climbing amid a surge in demand for sandals, while speculation of a Honda-Nissan merger has sent ripples through the European car market. On the currency front, the US dollar has hit its highest level since November 2022, putting additional pressure on the Australian dollar, which continues to slump. Looking ahead, Aussie shares are expected to open lower on Thursday, weighed down by declining iron ore 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.

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