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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.
Morning Report 24 May 23: U.S debt ceiling stalemate continues
Debt ceiling deadlock weighs on Wall Street once again. Tom and Ryan also look at under pressure European luxury good makers. In Australia travel agent Webjet releases its earnings. Plus the latest commodities and the AUD. 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.See omnystudio.com/listener for privacy information.
12:2123/05/2023
Market Close 23 Month 23: Is Qantas flying high yet again?
Chief economist Craig James is back with Laura tonight for the closing updates. The market closed in the negative today and the debt ceiling talks in the US remain unresolved. Brain chip fell the most today with their largest single day decline for 2023 and Qantas was also down despite announcing an expected profit of 2.5 billion dollars. Finally, an update on the purchase offer between Silver Lake and St Barbara and a look ahead at tonight. 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.See omnystudio.com/listener for privacy information.
12:5423/05/2023
Morning Report 23 May 23: Pfizer shares rally off the back of new weight loss pill
Tom and Ryan look to the U.S first where Wall Street remains pensive ten days out from debt ceiling default. China has banned the sale of U.S Micron Technology products citing a national security risk. Pfizer shares have rallied off the back of a new weight loss pill. Plus the team look at commodities and the AUD. 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.See omnystudio.com/listener for privacy information.
11:3822/05/2023
Market Close 22 May 23: Overhaul of buy now, pay later sector
Stevie and Laura are here to give you today’s closing updates. The market is down again this Monday evening after ending last week on a high. Energy and tech were up but most other sectors fell. The buy now, pay later industry to be regulated and finally, the debt ceiling in the US will be discussed overnight. 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.See omnystudio.com/listener for privacy information.
12:5422/05/2023
Morning Report 22 May 23: Investors remain pensive as debt ceilings talks continue
Tom and Ryan talk the U.S debt ceiling stalemate and how it’s affecting the markets. Foot Locker shares plunge off the back of tough outlook. Potential for new credit spending laws puts Buy Now Pay Later stocks on notice. The team also look a commodities and the AUD. 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.See omnystudio.com/listener for privacy information.
14:4321/05/2023
Market Close 19 May 23: Strongest gains in two weeks
The week has come to a close, and Laura and Stevie are here to give you the updates. The ASX lifted today and finished the week up 0.3%. Tech stood out again today and 9 out of the 11 sectors were up. Coal and gold miners were worst off today and Aussie biotech company Imugene was best on the ASX today after receiving clearance from the US FDA. Finally, a look ahead to next week and find out what ASX rabbit holes the team are going down. 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.See omnystudio.com/listener for privacy information.
12:1219/05/2023
Morning Report 19 May 23: AI and chip stocks lead Nasdaq higher
Tom and Ryan look to the U.S markets this morning where tech stock leads encouraging gains. Meanwhile the Japanese Government has thrown its support behind high demand microchip production. Back home the Australian market has been slow to respond to gains in the U.S. And Ryan looks at the results from graphite producer Syrah Resources as well as the latest commodity 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.See omnystudio.com/listener for privacy information.
13:2818/05/2023
Market Close 18 May 23: Tech stocks surge on better earnings
You’re in for a treat this Thursday with Laura being joined by the one and only Tom Piotrowski for the closing update. The market ended high today, but remains down for the week. Tech stocks stood out as cloud-accounting firm Xero handed down profit results and lifted 9%. Jobs data came in softer-than-expected pointing to a rate pause in June. Finally, looking forward to tonight on Wall Street, debt ceiling talks are yet to reach a resolution and some big US retailers hand down profits. 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.See omnystudio.com/listener for privacy information.
13:0218/05/2023
Morning Report 18 May 23: US markets lift in hopes of debt ceiling agreement
U.S Regional Banks show strong recovery in biggest one day gain since January 2021. Big Box retailers display resilience despite sluggish earnings expectations. Tesla shares rise overnight on encouraging outlook. U.S President Joe Biden has cancelled his Australian trip due to debt ceiling crisis talks. Plus this mornings AUD. 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.See omnystudio.com/listener for privacy information.
11:4717/05/2023
Market Close 17 May 23: Wages are up and the market is down
Join Laura and Stevie as they give us Wednesday’s market close updates. Wages are up and the market is down for a second day in a row. Miners and banks weighed on the market, while tech rose most. Lake Resources performed best while fertiliser company Incitec Pivot performed worst. Jobs data is in the spotlight tomorrow, with the potential to move markets and influence the next interest rate decision. 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.See omnystudio.com/listener for privacy information.
11:5617/05/2023
Morning Report 17 May 23: Home Depot posts worst revenue miss in 20 years
It's all about big box stores this morning as Tom and Ryan explore Home Depot’s earnings prediction miss which was the worst in 20 years. This despite U.S retail spending holding solid. The team also look at commodities and have this mornings AUD. 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.See omnystudio.com/listener for privacy information.
11:4716/05/2023
Market Close 16 May 23: Market on edge ahead of wage data announcement
Laura and Craig are back again this evening for Tuesday’s closing updates. The winning streak didn’t last with the market back down by 0.4%. Materials was the only sector to lift today and US based tech company, Life360 was the top performer on the market today. Looking ahead, updates on the US debt ceiling tonight and back in Australia, key updates on wages and jobs tomorrow. 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.See omnystudio.com/listener for privacy information.
10:3116/05/2023
Morning Report 16 May 23: U.S markets tread water over debt debt ceiling stalemate
Tom and Ryan take a deep dive into the U.S market this morning where traders are pensive as politicians navigate a debt ceiling stalemate. In a surprising move, the Peoples Bank of China has held the one year lending rate steady. A flat start to trade is expected in Australia with James Hardy's earnings in focus. Plus the team look at commodities and the AUD. 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.See omnystudio.com/listener for privacy information.
12:1815/05/2023
Market Close 15 May 23: Golden day for Aussie share market
Steve is joined by Craig James, Chief Economist at CommSec today as they give you Monday’s closing market updates. The gains continued this week with the market closing in positive territory. Financials weighed heavy again today due to more banks trading ex-dividend. A takeover in the gold industry could create one of the world’s largest producer of gold. They preview some of the key things for investors to watch this week, including the latest out of China Finally, a look at the week ahead, two important updates, which could lead to even more interest rate hikes. 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.See omnystudio.com/listener for privacy information.
11:5215/05/2023
Morning Report 15 May 23: Markets brace for a big week of economic updates
Tom and Ryan look to the U.S where share markets have fallen slightly on Friday with weaker consumer confidence. Meanwhile the Peoples Bank of China is predicted to cut interest rates for the first time since 2022. Back in Australia shares are expected to open higher ahead of a big week of economic data. Plus the team look at energy prices as well as commodities and the AUD. 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.See omnystudio.com/listener for privacy information.
12:4314/05/2023
Market Close 12 May 23: Aussie market narrowly snaps 3 week losing streak
Steve and Laura are back on this Friday night with the last update for the week. As expected, the market closed in positive territory tonight, snapping a 3 day losing streak. Most sectors did well today, with all but materials and energy on the up. Gold stocks struggled most, but followed huge gains since February due in part to the US suffering its second and third largest bank failures in American history. Almond prices might be on the rise after Select Harvest said it will be a bad year for it’s crop. Next week, watch key updates on jobs and wages, which could be important for upcoming interest rate decisions in Australia. 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 adviceSee omnystudio.com/listener for privacy information.
11:0712/05/2023
Morning Report 12 May 23: Elon Musk to step down as Twitter CEO
Tom and Ryan look to Wall Street where markets have struggled to advance despite a better reading on inflation. Meanwhile US unemployment increases to an 18 month high. Elon Musk will step down as CEO of twitter with the Tesla share price climbing in response. Aussie shares are expected to end the week lower with REA Groups shares in focus. And the team have this mornings commodities. 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.See omnystudio.com/listener for privacy information.
13:1511/05/2023
Market Close 11 May 23: Lithium miners dominate winners list
Join Steve and Laura as they give you today’s closing market updates. Unsurprisingly, the market is down for the third straight day, but not by much! Allkem was on top today after news of it's merger. 6 of the 11 sectors were up today, with Tech performing the strongest and Utilities the worst. Westpac fell after trading ex-dividend and weighed on the financials sector. UK Banks to announce its interest rate decision tonight. Finally, the market has been following a trend of performing badly in the morning and lifting in the arvo, will we be able to cross over to positive territory tomorrow? 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 adviceSee omnystudio.com/listener for privacy information.
10:4811/05/2023
Morning Report 11 May 23: Australian lithium merger creates global player
Tom and Ryan look at important inflation figures from the U.S overnight as Wall Street treads water. Slowing inflation and AI boost tech stocks. A merger in the Australian lithium sector creates the third largest lithium producer globally. Commodity prices weaker off the back of weak Chinese trade data. And the Bank of England set to lift interest rates. 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 adviceSee omnystudio.com/listener for privacy information.
13:3010/05/2023
Market Close 10 May 23: Market down for the second day in a row
Laura and Stevie are back for your Wednesday evening market update. The market is down for the second day in a row, largely due to the financial sector. Only 4 of the 11 sectors lifted today, with healthcare coming out on top. Meanwhile Redbubble is aiming to cut costs by reducing its workforce by 23%. Lastly, did the budget impact today’s market? Listen to find out! 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 adviceSee omnystudio.com/listener for privacy information.
11:0210/05/2023
Morning Report 10 May 23: Wall Street pensive ahead of key inflation figures
Tom and Ryan look at yesterdays budget where Australia announced a surplus in the fastest improvement since World War II. Markets are pensive on Wall Street ahead of inflation figures due out tonight. Meanwhile the U.S debt ceiling deadlock threatens to push the country into an unprecedented default. The team also look at this mornings commodity prices and the AUD. 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.See omnystudio.com/listener for privacy information.
12:1409/05/2023
Market Close 09 May 23: Chinese imports weigh on miners
It's federal budget night and Stevie and Laura are back to give you the run down on if it will have an impact on the Aussie share market. The market is down again today after a day of gains and losses. Consumer confidence has fallen with retail facing it's biggest fall since the pandemic and finally, banks are back up. 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 adviceSee omnystudio.com/listener for privacy information.
10:4609/05/2023
Morning Report 09 May 23: Australia to announce first surplus in 15 years
Tom and Ryan look ahead to budget day with a surplus predicted to be announced this afternoon. US markets tread water ahead of important inflation figures. Ryan looks into what we can expect in the Australian share market today with energy shares predicted to rise off the back of strong oil prices. And the team look at commodities as well as the AUD. 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.See omnystudio.com/listener for privacy information.
11:3408/05/2023
Market Close 08 May 23: Mining and energy drive the market higher
Laura and Stevie are back to give you Monday's closing updates. The market is off to a positive start with consumer staples was the only sector to fall. Once again lithium is in focus with most lithium stocks advancing and oil prices are up 4%. Finally, a look at the week ahead, including tomorrows federal budget and Commonwealth's quarterly update. 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 adviceSee omnystudio.com/listener for privacy information.
08:4808/05/2023
Morning Report 08 May 23: US employment figures create inflation headache
Tom and Ryan look into how better than expected employment figures have spurred the US markets, as well as creating an inflation headache for the Central Bank. Warren Buffet gives a warning to shareholders at the Berkshire Hathaway Conference. Ryan looks ahead to the Australian budget tomorrow and the team have the latest commodity prices with gold taking a dip. 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.See omnystudio.com/listener for privacy information.
11:3707/05/2023
Market Close 05 May 23: Market snaps 3 day losing streak
Stevie and Laura are back for the weekly market closing update. Today, the ASX 200 is back out of a 3 day losing streak. They recap how the market performed over the course of the week. Banks were in the spotlight with MQG and ANZ releasing profit result. AI company Brainchip was today's winner despite a rocky past and Medibank was in the news due to the data breach last year. Finally, they give updates on the week ahead. 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.See omnystudio.com/listener for privacy information.
09:2905/05/2023
Morning Report 05 May 23: Concerns over US banking system weigh on markets
Tom and Ryan look at how continued instability of the US banking system overnight weighs on the markets. Apple follows strong tech trends with its second quarter results. NAB shares plummet despite strong half-year results. Also looking ahead today to ANZs half-year results as well as the Reserve Banks semi-annual Statement of Monetary Policy, which is expected to signal future inflation challenges. 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. See omnystudio.com/listener for privacy information.
13:0104/05/2023
Market Close 04 May 23: The banks hold the market back
Steve and Laura are back with today's closing updates. The Aussie market managed to recoup its earlier losses today following a tough night on Wall Street. Financials were under pressure today after NAB posted weaker-than-expected profit results. Super retail group fell most on the ASX 200. 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.See omnystudio.com/listener for privacy information.
09:4704/05/2023
Morning Report 04 May 23: US Federal Reserve raises rates
May the 4th be with you! This morning Tom and Ryan look how the US Federal Reserve rate hike has affected the markets. Back in Australia NAB is set to release its 1H23 trading update today with positive expectations. Ryan looks at the latest commodity prices and they look at this mornings AUD. 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. See omnystudio.com/listener for privacy information.
10:2203/05/2023
Market Close 03 May 23: Worst day in 6 weeks for the Aussie market
Laura and Steve are back to give us today's closing market update. The Aussie market declined to have its worst day in 6 weeks. Energy stocks were hit hard after oil declined 5% overnight. Gold stocks stood out as 8 of 10 best performers, as investors retreated to the safe haven asset. Tonight the US Federal Reserve is due to make a decision on interest rates. Consumers are still spending on hospitality but remaining cautious with retail. 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.See omnystudio.com/listener for privacy information.
08:5203/05/2023
Morning Report 03 May 23: A rollercoaster of share market developments
Ryan and Tom look into Australian shares which are expected to extend losses after the reserve banks latest rate hike. Shares on Wall Street dive as well as concerns about bank stability re-emerge. They crack into a rollercoaster of developments in the share market overnight and give you the latest commodity prices as well as this mornings AUD. 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.See omnystudio.com/listener for privacy information.
09:4502/05/2023
Market Close 02 May 23: Rate hike rattles the Aussie market
Join Laura and Steve for today's closing market update. They discuss today's big announcement from the RBA, another rise to interest rates and a volatile close to the market. Lake Resources remains in the top 3 stocks for the 2nd day in a row and a big day expected tomorrow with the European and UK markets reopening after holidays. 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.See omnystudio.com/listener for privacy information.
09:4002/05/2023
Morning Report 02 May 23: Reserve Bank predicted to hold interest rates steady
Tom is joined by Ryan this morning as they look ahead to important interest rate decisions coming down the pipeline both in Australia and overseas. They explore consumer concerns over slow growth and high inflation, and what this means for you. They look at the JP Morgan acquisition of First Republic Bank in the US, and check in with the AUD and this mornings commodity 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.See omnystudio.com/listener for privacy information.
12:0601/05/2023
Market Close 01 May 23: Big week for interest rates
Steven Daghlian is joined by Laura Besarati for a market close report, a recap of the market in April and a look towards the month ahead. Best + Less have received a takeover offer and Lithium remaining cautiously optimistic. It's a big week for interest rates, with an announcement coming from the Reserve Bank tomorrow afternoon 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.See omnystudio.com/listener for privacy information.
10:0701/05/2023
Morning Report 01 May 23: US earnings driven by tech once again
Tom Piotrowski is joined this morning by Ryan Felsman, CommSec Senior Economist, as tech once again bolsters the US markets. Home prices have risen across Australia with Sydney leading the way from the latest CoreLogic figures. And Tom looks at the AUD and other key commodity 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.See omnystudio.com/listener for privacy information.
09:3330/04/2023
Market Close 28 Apr 23: ASX 200 snapped 5-day losing streak
In this final day of a month that has proven to be a ‘mixed bag’ across markets, join Steven for this episode of the CommSec Market Update. While the last couple of weeks have seen some challenges with commodity prices falling, this has proven overall to be the second-best month of the year for the ASX. Steven reveals the standouts for today including Megaport who saw shares skyrocket almost 40%, and Pilbara Minerals who also saw gains. Steven looks to the week ahead where interest rates will be front and centre and reveals how the earnings of the major banks may impact the market. 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.See omnystudio.com/listener for privacy information.
05:0928/04/2023
Morning Report 28 Apr 23: Tech earnings spur Wall Street higher
Impressive results from the marquee tech names including Meta Platforms, overshadow concerns over slowing US economic growth. Join Tom Piotrowski for this Morning Report where he looks at the rise of tech and explores why European markets are lagging behind the US. Plus, he outlines what to look forward to in the market today and things to watch for the weekend. 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.See omnystudio.com/listener for privacy information.
07:4427/04/2023
Market Close 27 Apr 23: ASX 200 index falls for 5th straight session
The Australian market has fallen for a 5th straight session but is still on track to rise for the month of April. Join Laura for this market close report where she looks at the best performers with one having seen a 24% increase in share price since this time yesterday. Laura discusses the 4 sectors that have seen rises, looks at losses and considers what we are likely to see happen in the day ahead. 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.See omnystudio.com/listener for privacy information.
04:0227/04/2023
Morning Report 27 Apr 23: Wall St battles bank concerns as tech earnings beat expectations
US sharemarkets were mixed on Wednesday. Shares in Microsoft rose by 7.2% following its upbeat earnings result. In response, shares in Amazon rose 2.4%. But despite better-than-expected first quarter results and a US$70-billion share buyback plan, shares in Alphabet (Google parent) fell by 0.1%. Shares of First Republic Bank fell 29.8% after a report suggested that the US Government was unwilling to intervene in the bank's rescue process. The Dow Jones index fell by 229 points or 0.7%. The S&P 500 index lost 0.4%. But the Nasdaq index rose by 55 points or 0.5%. After the close, shares in Meta Platforms rose more than 11% after releasing earnings. This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.See omnystudio.com/listener for privacy information.
05:1526/04/2023
Market Close 26 Apr 23: ASX 200 slides for 4th day
The Australian sharemarket eased for a fourth straight session, with the ASX 200 falling by just 0.08%. Encouraging signs that inflation has likely peaked and continues to decline, helped push the index off its session lows. This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.See omnystudio.com/listener for privacy information.
05:1126/04/2023
Morning Report 26 Apr 23: Wall Street ends lower as weak company earnings fan fears of an economic slowdown
Aussie shares are poised to open down by 37 points or 0.5% on Wednesday after a disappointing trading session on Wall Street on Tuesday. Fears over a US economic slowdown and Chinese demand concerns weighed on the Materials (-2.2%) sector. Technology shares fell 2.1% ahead of earnings results from Microsoft and Google-parent Alphabet. European shares dipped on Tuesday as Spain’s Santander led a slide in bank shares. This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.See omnystudio.com/listener for privacy information.
05:1825/04/2023
Morning Report 24 Apr 23: US sharemarkets inched ahead on Friday assisted by positive economic data.
Earnings results were mixed. Shares in Procter & Gamble rose by 3.5% in response to its earnings result. Shares in Freeport-McMoRan fell 4.1% in response to a halving of its first quarter profit. The Dow Jones index rose by 22 points or 0.1%. The S&P 500 index rose by 0.1%. And the Nasdaq index rose by 13 points or 0.1%. Over the week the Dow fell by 0.2%; the S&P 500 lost 0.1%; and the Nasdaq fell by 0.4%. This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.See omnystudio.com/listener for privacy information.
03:2023/04/2023
Market Close 21 Apr 23: ASX 200 slips for 2nd day
The Australian sharemarket fell for a second day, with the ASX 200 slipping by 0.43% due mainly to declines from our major banks and miners. While this snaps a 3-week winning streak, the local market remains on track to have to have its second best month of the year. This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.See omnystudio.com/listener for privacy information.
05:5821/04/2023
Morning Report 21 Apr 23: US sharemarkets were weaker on Thursday
Investors responded to weak economic data and 'disappointing' earnings from Tesla (shares down 9.8%), American Express (-1.0%) and AT&T (10.4%). Tesla noted weaker margins after the electric car maker slashed prices. But shares of DR Horton rose 5.6% after the homebuilder forecast full-year revenue above estimates. The Dow Jones index fell by 110 points or 0.3%. The S&P 500 index fell by 0.6%. And the Nasdaq index fell by 98 points or 0.8%. This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.See omnystudio.com/listener for privacy information.
06:4120/04/2023
Market Close 20 Apr 23: Aussie market ends flat for 2nd straight day
The Australian sharemarket ended flat for the 2nd straight day. The ASX200 index edged 3pts or 0.04% lower to 7362. This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.See omnystudio.com/listener for privacy information.
03:3520/04/2023
CommSec Insights 20 Apr 23: The Week Ahead
Get ready for the upcoming week as we preview key inflation data, US earnings results, quarterly updates in Australia and more. This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.See omnystudio.com/listener for privacy information.
16:0720/04/2023
Morning Report 20 Apr 23: US sharemarkets were mixed on Wednesday
Investors digested latest earnings releases. After posting results, shares in Morgan Stanley shares rose 0.7%, IBM lost 1.1% and Netflix fell by 3.2%. In response to Netflix earnings, shares in rival Walt Disney fell 2.2%. Shares in Elevance Health fell 5.3% on regulatory concerns with rival UnitedHealth down 3.6%. The Dow Jones index fell by 80 points or 0.2%. The S&P 500 index fell by less than 0.1%. But the Nasdaq index rose by 3.8 points or less than 0.1%. This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.See omnystudio.com/listener for privacy information.
04:5519/04/2023
Market Close 19 Apr 23: ASX 200 stays close to 2-month high
The Australian sharemarket pushed higher in late trade, with the ASX 200 lifting by 5.3pts or 0.07% to 7365.5. Strong gains from our larger mining stocks carried the index, while most sectors finished in the red. This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.See omnystudio.com/listener for privacy information.
06:1419/04/2023
Morning Report 19 Apr 23: US sharemarkets were flat on Tuesday
Investors digested latest earnings results. Shares in Bank of America rose by 0.6%. Shares in Goldman Sachs fell 1.7% after the financial firm reported a 19% fall in profit. Also in response to earnings news, shares in Johnson & Johnson fell 2.8%, Lockheed shares rose 2.4% after its first quarter results beat market forecasts. The Dow Jones index fell by 11 points or less than 0.1%. The S&P 500 index rose by 0.1%. And the Nasdaq index fell by 4.3 points or less than 0.1%. After market close shares in Netflix fell 0.7% in response to its earnings result. This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.See omnystudio.com/listener for privacy information.
06:1818/04/2023
Market Close 18 Apr 23: ASX 200 eases from 2-month high
The Australian sharemarket fell slightly after hitting a 2-month high a day earlier. Data highlighted stronger than expected growth in China’s economy, the RBA Board minutes reaffirmed the possibility of a May rate hike, while energy stocks fell due to softer oil prices. This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.See omnystudio.com/listener for privacy information.
04:2418/04/2023