Wall Street wavered overnight as investors digested Monday’s strong rally. US consumer confidence fell to a four-year low, weighing on sentiment. Meanwhile, KB Home shares slipped on affordability concerns, while UPS also declined amid worries over weak demand. In contrast, International Paper gained as brokers predicted a guidance beat. Elsewhere, Tesla’s market share in Europe continued to decline, despite growth in overall EV registrations. In commodities, oil prices fell after Russia and Ukraine agreed to a Black Sea shipping truce, while US copper hit a record high. Closer to home, tax cuts for Australians were announced in the Federal Budget and looking ahead, the ASX is expected to lift on Wednesday ahead of key inflation 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 wavered overnight as investors digested Monday&rsquo;s strong rally. US consumer confidence fell to a four-year low, weighing on sentiment. Meanwhile, KB Home shares slipped on affordability concerns, while UPS also declined amid worries over weak demand. In contrast, International Paper gained as brokers predicted a guidance beat. Elsewhere, Tesla&rsquo;s market share in Europe continued to decline, despite growth in overall EV registrations. In commodities, oil prices fell after Russia and Ukraine agreed to a Black Sea shipping truce, while US copper hit a record high. Closer to home, tax cuts for Australians were announced in the Federal Budget and looking ahead, the ASX is expected to lift on Wednesday ahead of key inflation 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.

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.