Wall Street slipped as investors grew cautious over renewed trade tensions, following fresh comments from Donald Trump, who insisted Apple must pay a 25% tariff on iPhones. Deckers' stock took a sharp hit, plunging on signs of a slowdown in sales of its popular Hoka brand. Meanwhile, renewable energy stocks and interest rate markets held steady after recent volatility, with the latter calming following jitters around the US spending bill. In commodities, oil prices rose on short covering ahead of the Memorial Day holiday, and gold jumped 2% on safe haven demand. Closer to home, the ASX is set to open lower on Monday ahead of Elders’ earnings release, while the Aussie dollar surged on broad weakness in the US dollar.

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 slipped as investors grew cautious over renewed trade tensions, following fresh comments from Donald Trump, who insisted Apple must pay a 25% tariff on iPhones. Deckers' stock took a sharp hit, plunging on signs of a slowdown in sales of its popular Hoka brand. Meanwhile, renewable energy stocks and interest rate markets held steady after recent volatility, with the latter calming following jitters around the US spending bill. In commodities, oil prices rose on short covering ahead of the Memorial Day holiday, and gold jumped 2% on safe haven demand. Closer to home, the ASX is set to open lower on Monday ahead of Elders&rsquo; earnings release, while the Aussie dollar surged on broad weakness in the US dollar.
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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