Wall Street retreats as investors brace for a speech from Jerome Powell, who is expected to temper market expectations for aggressive interest rate cuts. The NASDAQ slid amid rising Treasury yields, with Powell’s remarks looming. Meanwhile, BMW surpassed Tesla to lead Europe in EV sales while earnings reports from Ingham's Group are anticipated. The ASX is set to open in negative territory, breaking its ten-day winning streak. Oil prices have rebounded after four days of declines, while the Aussie dollar eased as the US dollar gained strength.

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 retreats as investors brace for a speech from Jerome Powell, who is expected to temper market expectations for aggressive interest rate cuts. The NASDAQ slid amid rising Treasury yields, with Powell’s remarks looming. Meanwhile, BMW surpassed Tesla to lead Europe in EV sales while earnings reports from Ingham's Group are anticipated. The ASX is set to open in negative territory, breaking its ten-day winning streak. Oil prices have rebounded after four days of declines, while the Aussie dollar eased as the US dollar gained strength.
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 23 Aug 24: ASX to end ten day winning streak

The ASX 200 has bounced back, breaking a three-day losing streak amid a strong start to November, fuelled by positive U.S. market performance and widespread sector gains. Most sectors surged, though energy and materials lagged due to global economic strains, notably from China. Noteworthy updates included Westpac’s financial results, with a slight dip in annual profit but a promising dividend increase, and Telix Pharmaceuticals’ 3.5% rise following policy changes that benefit its cancer diagnostics. Meanwhile, Mineral Resources and The Star Entertainment struggled amid management issues and financial challenges. This critical week also brings interest rate decisions from the RBA and global central banks, plus U.S. elections, setting the stage for potentially heightened volatility.



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 200 has bounced back, breaking a three-day losing streak amid a strong start to November, fuelled by positive U.S. market performance and widespread sector gains. Most sectors surged, though energy and materials lagged due to global economic strains, notably from China. Noteworthy updates included Westpac’s financial results, with a slight dip in annual profit but a promising dividend increase, and Telix Pharmaceuticals’ 3.5% rise following policy changes that benefit its cancer diagnostics. Meanwhile, Mineral Resources and The Star Entertainment struggled amid management issues and financial challenges. This critical week also brings interest rate decisions from the RBA and global central banks, plus U.S. elections, setting the stage for potentially heightened volatility.
 
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 4th Nov 24: Aussie stocks snap three day losing streak 

Just days before the US election, Wall Street ended last week with positive momentum, driven by investors responding to US job growth despite a weather-affected month. Meanwhile, technology stocks rebounded on better-than-expected earnings. Closer to home, the Australian share market is set to open higher ahead of the RBA’s decision, with banks in focus as Westpac prepares to release its earnings.

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.

Just days before the US election, Wall Street ended last week with positive momentum, driven by investors responding to US job growth despite a weather-affected month. Meanwhile, technology stocks rebounded on better-than-expected earnings. Closer to home, the Australian share market is set to open higher ahead of the RBA’s decision, with banks in focus as Westpac prepares to release its earnings.
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 04 Nov 24: US stocks end higher just days before the US election

It's been a challenging start to the month for Aussie stocks, with the ASX 200 closing down after early morning volatility. Global influences weighed on the market, especially disappointing profit reports from major U.S. tech companies. Investors are also on edge ahead of the U.S. election and central bank interest rate decisions in Australia and the U.S., both potentially stirring up more market movement. Domestically, property prices in Sydney fell for the first time in nearly two years, reflecting affordability issues and high rates. Sectors like energy and mining made modest gains, while financials and healthcare took hits.

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.

It's been a challenging start to the month for Aussie stocks, with the ASX 200 closing down after early morning volatility. Global influences weighed on the market, especially disappointing profit reports from major U.S. tech companies. Investors are also on edge ahead of the U.S. election and central bank interest rate decisions in Australia and the U.S., both potentially stirring up more market movement. Domestically, property prices in Sydney fell for the first time in nearly two years, reflecting affordability issues and high rates. Sectors like energy and mining made modest gains, while financials and healthcare took hits.
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 23 Aug 24: ASX to end ten day winning streak

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