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Market Close 19 Dec 24: Worst day in over three months for Aussie stocks

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Inhalt bereitgestellt von CommSec. Alle Podcast-Inhalte, einschließlich Episoden, Grafiken und Podcast-Beschreibungen, werden direkt von CommSec oder seinem Podcast-Plattformpartner hochgeladen und bereitgestellt. Wenn Sie glauben, dass jemand Ihr urheberrechtlich geschütztes Werk ohne Ihre Erlaubnis nutzt, können Sie dem hier beschriebenen Verfahren folgen https://de.player.fm/legal.

The Aussie share market faced a tough day, with the ASX 200 facing it's steepest decline in three and a half months—dragged down by a 2.5% fall in the US Dow Jones. Investor concerns stemmed from the US Federal Reserve’s revised interest rate outlook, signalling fewer rate cuts in 2025 than anticipated. All 11 ASX sectors ended in the red, with tech, financials, and materials hit hardest, while only 10% of stocks managed gains. Bright spots included Mesoblast, up 54% after FDA approval for its cell therapy, and Patriot Battery Metals, surging 16% following a major deal with Volkswagen. Meanwhile, uranium miner Deep Yellow plunged 12% on project delays, and ANZ faced shareholder backlash over governance issues at its AGM. With one trading day left this week, December’s losses have nearly erased November’s strong gains, leaving hopes pinned on a late Santa Claus rally.

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.

  continue reading

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Manage episode 456292541 series 2364476
Inhalt bereitgestellt von CommSec. Alle Podcast-Inhalte, einschließlich Episoden, Grafiken und Podcast-Beschreibungen, werden direkt von CommSec oder seinem Podcast-Plattformpartner hochgeladen und bereitgestellt. Wenn Sie glauben, dass jemand Ihr urheberrechtlich geschütztes Werk ohne Ihre Erlaubnis nutzt, können Sie dem hier beschriebenen Verfahren folgen https://de.player.fm/legal.

The Aussie share market faced a tough day, with the ASX 200 facing it's steepest decline in three and a half months—dragged down by a 2.5% fall in the US Dow Jones. Investor concerns stemmed from the US Federal Reserve’s revised interest rate outlook, signalling fewer rate cuts in 2025 than anticipated. All 11 ASX sectors ended in the red, with tech, financials, and materials hit hardest, while only 10% of stocks managed gains. Bright spots included Mesoblast, up 54% after FDA approval for its cell therapy, and Patriot Battery Metals, surging 16% following a major deal with Volkswagen. Meanwhile, uranium miner Deep Yellow plunged 12% on project delays, and ANZ faced shareholder backlash over governance issues at its AGM. With one trading day left this week, December’s losses have nearly erased November’s strong gains, leaving hopes pinned on a late Santa Claus rally.

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.

  continue reading

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US inflation data fuelled optimism across markets, with softer-than-expected core inflation restoring hopes for rate cuts in the US this year. The ASX 200 surged 1.3%, marking its best day of the year, buoyed by US market gains and a strong local jobs report, albeit mostly part-time. Financials and tech stocks rebounded sharply after recent losses, while commodity prices rose on a weaker US dollar. Iron ore miners saw mixed performance, with Rio Tinto noting higher production costs but strong copper output. Buy-now-pay-later firm Zip also made gains amid lower US borrowing costs and positive broker sentiment. Looking ahead, key data from the US, China, and major corporate earnings could shape market movements into the week’s close. 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.…
 
U.S stocks surged as investors celebrated easing inflation figures, marking the first decline in American core inflation in six months. Broad gains were seen across U.S. markets, buoyed by strong earnings reports from the banking sector. Leading technology stocks also rallied, driven by a fall in long-term interest rates. In the commodities market, oil prices jumped as U.S. crude inventories fell to their lowest levels since 2022, while gold extended its gains following inflation figures that came in below expectations. Looking ahead, Aussie shares are set to open higher, bolstered by positive sentiment from cooler U.S. inflation. The Aussie dollar strengthened in response, as investors anticipate key jobs data that will help shape the outlook for 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 advice. See omnystudio.com/listener for privacy information.…
 
It has been a somewhat volatile session today with the market starting strong but dropping as the day went on. Laura and Stevie unpack this performance as investors brace for a busy 24 hours ahead with a multitude of US banks set to report on their results, and inflation data also being released which could impact interest rate decisions. They discuss the performance of each of the sectors with many seeing declines and look at the stocks that saw the largest moves with Pilbara Minerals and Telstra gaining attention. 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.…
 
Wall Street saw an advance as U.S wholesale inflation eased unexpectedly, driven by a drop in food prices. Utilities led the markets higher, boosted by increased energy demand fuelled by AI innovations. Bank stocks lifted ahead of upcoming earnings reports, while shares of Eli Lilly, a weight loss drug company, declined due to cuts in revenue guidance. U.S Treasury yields dipped following tame producer prices. Meanwhile, iron ore extended its gains on reduced shipments, and oil prices slipped as sanctions on Russia remained a key focus. Closer to home, Aussie shares are expected to open slightly higher on Wednesday, supported by rising metals prices, though the Aussie dollar remains under pressure despite positive data from China. 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.…
 
The market has ended in positive territory today following several sessions of losses. Laura and Stevie discuss this performance fuelled by a myriad of factors in the US, and the upcoming data that could shift their market in the days ahead. Back home City Chic was one of the best performers following an announcement around sales figures, most of the sectors saw growth today, and Star Entertainment continued to see gains following the recent substantial declines. 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.…
 
Wall Street faces mounting pressure amid rising interest rates, with the US 10-year Treasury yield hitting a 14-month high, causing stocks to tumble. Moderna shares plunged 20% after the company lowered its 2025 sales forecast, while Eli Lilly also saw a decline following its announcement to acquire Scorpion Therapeutics' experimental cancer therapy. Retailers' post-holiday results left Wall Street unimpressed, and higher interest rates have driven investors away from gold, causing the yellow metal to drop more than 1%. Meanwhile, oil prices have surged to a four-month high as traders anticipate expanded sanctions and iron ore prices have risen on renewed hopes of Chinese stimulus. Looking ahead, Aussie shares are expected to rise in anticipation of upcoming consumer confidence surveys. 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.…
 
The Aussie market has seen its biggest decline today in around 3 weeks wiping out all the gains of last week. Laura and Stevie unpack this performance which was largely fuelled by the US sharemarket which performed poorly on Friday following jobs and unemployment data that could result in a US rate cut being pushed out. Locally energy stocks have been the winners today, but the financial sector has continued to drag on the market. Myer gained attention today as did NRW Holdings, and Stevie and Laura look at what could be to expect as the week continues. 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.…
 
Wall Street slumped following the latest job data, as US employment rose more than expected in December. This unexpected growth has narrowed expectations for interest rate changes, suggesting they may remain on hold for the foreseeable future. US interest rates, meanwhile, reached their highest level since November 2023. In the stock market, tech stocks led the retreat, while energy stocks were largely spared due to rising oil prices. Looking ahead, futures indicate solid selling for the ASX 200 on Monday, which faces additional challenges from underperformance in the Chinese 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.…
 
The session started optimistically but has fallen into negative territory today. Laura and Stevie unpack this performance, with materials the only sector seeing improvements. The big 4 banks have played their part in dragging on the market and so they discuss this, but also acknowledge that the market is on track to see improvements overall across the week. Interest rate movements are back in the conversation as are Star Entertainment and Mesoblast. 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.…
 
Wall Street is closed in observance of the passing of former President Jimmy Carter, but investors continue to monitor U.S. economic news closely. U.S. Treasury yields are declining as markets remain focused on Trump-era policies, while bond traders anticipate that the upcoming jobs report will test the Federal Reserve's pricing strategies. In the UK, investor confidence in the government is waning, with bond market turmoil stirring memories of the 1976 debt crisis. Meanwhile, European markets are on the rise, driven by a surge in mining stocks. Oil prices have climbed 1% due to cold weather in the northern hemisphere. Looking ahead, Aussie shares have snapped a five-day winning streak but are expected to rebound and the Aussie dollar is nearing a five-year low, reflecting broader market pressures. 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.…
 
Aussie stocks ended their winning streak with the ASX 200 down after a strong start to 2025. November’s retail sales data showed a 0.8% increase, softer than expected, reflecting cautious consumer spending despite heavy promotional activities. This adds weight to the possibility of an interest rate cut in February, though key data like employment stats and inflation updates later this month will be pivotal. Meanwhile, Star Entertainment hit an all-time low amid cash flow concerns, and Avita Medical struggled after cutting revenue goals. Bright spots included gold miners and lithium stocks, with Arcadium Lithium surging 8% after regulatory progress in its Rio Tinto takeover deal. Investors now await U.S. employment reports and Chinese inflation data for further direction. 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.…
 
Wall Street remains cautious as investors weigh the impact of Trump's tariff plans. Technology stocks continue to face pressure, with chip makers leading the declines. Quantum computing stocks fell sharply after Nvidia’s CEO suggested that the technology is still decades away from mainstream use. Meanwhile, banks are under pressure as interest rates steadily rise. In company news, Edison International is the worst performer on the S&P 500, sliding amid the ongoing Los Angeles wildfires. Conversely, eBay shares rose following news of a partnership with Facebook Marketplace. Across the Atlantic, the British pound slumps due to concerns over capital flight. Closer to home, Aussie shares are expected to retreat from four-week highs, while oil prices dip on the back of a build in U.S. fuel stocks. 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.…
 
The ASX 200 has extended its 2025 winning streak to five days, driven by a positive market reaction to November's inflation data. While headline inflation rose slightly due to electricity and fuel costs, core inflation dropped to 3.2%, below expectations, increasing the likelihood of an interest rate cut by the RBA in February. Materials and financials sectors led gains, with miners benefiting despite falling iron ore prices, while tech stocks fell following weaker U.S. market performance. Gold miners surged on strong quarterly updates, but uranium and some individual stocks faced significant declines. Looking ahead, key data releases, including retail sales, jobs, and U.S. Federal Reserve minutes, could shape market movements and rate expectations. 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.…
 
The US services index climbed, with the price gauge reaching its highest level since 2023, signalling persistent inflation concerns. Traders have adjusted their expectations, no longer fully pricing in a US rate cut before July. Meanwhile, US job openings surged to a six-month high, reflecting a resilient labour market. Additionally, the technology sector lagged, with Nvidia dipping after reaching a record high, while Moderna's stock saw a significant rise due to new vaccine plans. Commodity markets also showed mixed signals; oil prices increased amid Western sanctions, but iron ore fell to a seven-week low, potentially impacting the Aussie market today. Despite these challenges, Aussie shares are on track for a fifth consecutive day of gains. Furthermore, the US dollar advanced to a six-month high, emphasising the strength of the US economy. 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.…
 
The market has lifted again slightly today continuing the 4-day winning streak. Laura and Stevie unpack this ‘streak’ and look at the performance of the US market overnight with tech stocks seeing significant shifts. The Aussie dollar has improved today and so they look into the international happenings that have fuelled this, NVIDIA is back in the headlines, and they unpack the local sector performance with tech seeing gains and materials continuing to trend downwards. 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.…
 
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