The local market fell today, sliding 0.5% as a sharp sell-off in banking overshadowed record-breaking gains in mining. The index has now shed nearly 3% over the past four days, hitting its lowest level in six weeks as investors digest Federal Budget changes to capital gains tax and negative gearing. CBA was the primary weight, plunging 10% after its $2.7 billion quarterly profit slightly missed expectations. Conversely, BHP and Rio Tinto both hit fresh all-time highs, fuelled by resilient iron ore and a 40% annual surge in copper prices. Aristocrat Leisure also defied the gloom, skyrocketing 13% on a profit jump and an expanded $1 billion share buyback.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

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 local market fell today, sliding&nbsp;0.5% as a sharp sell-off in banking overshadowed record-breaking gains in mining. The index has now shed nearly 3% over the past four days, hitting its lowest level in six weeks as investors digest Federal Budget changes to capital gains tax and negative gearing. CBA was the primary weight, plunging 10% after its $2.7 billion quarterly profit slightly missed expectations. Conversely, BHP and Rio Tinto both hit fresh all-time highs, fuelled by resilient iron ore and a 40% annual surge in copper prices. Aristocrat Leisure also defied the gloom, skyrocketing 13% on a profit jump and an expanded $1 billion share buyback.
Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.
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.

Stay across key moves in the Australian and global share markets with the CommSec Market Update. Brought to you by CommSec’s expert team, join us for two, 10-minute episodes every weekday to keep your finger on the pulse.

Start your morning at 7am with James Gruber and Gillian Bowen for a comprehensive analysis of overnight international moves and a look at what to expect for the day ahead. Then, once the ASX closes, join Steve Daghlian and Laura Besarati for a thorough wrap-up of the day’s trade.

Whether you're a seasoned investor or just starting out, we keep you up to date on the what, and also the why.

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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.

Stay across key moves in the Australian and global share markets with the CommSec Market Update. Brought to you by CommSec&rsquo;s expert team, join us for two, 10-minute episodes every weekday to keep your finger on the pulse.
Start your morning at 7am with James Gruber and Gillian Bowen for a comprehensive analysis of overnight international moves and a look at what to expect for the day ahead. Then, once the ASX closes, join Steve Daghlian and Laura Besarati for a thorough wrap-up of the day&rsquo;s trade.
Whether you're a seasoned investor or just starting out, we keep you up to date on the what, and also the why.
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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.