CommSec Market Update

Oil prices surged overnight, but what’s behind the latest spike? Wall Street retreated as a sell-off in heavyweight tech and chip stocks added to the pressure from rising oil prices, while the ASX is poised for a slightly stronger open. Plus, why more Australians are making voluntary contributions to their superannuation. Join James Tao, Equity Market Commentator and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers. Check out our Market News page Follow us on: Instagram LinkedIn YouTube TikTok 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 Australian share market fell for a second consecutive session as materials and financial stocks led declines. The ASX 200 faced headwinds from weak iron ore sales negotiations with Chinese buyers and banking sector pressure. European debt concerns and US interest rate signals added to market caution. Energy stocks provided support on oil price gains amid geopolitical tensions. Key inflation data arrives next week ahead of late October US policy decisions. 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. Check out our Market News page Follow us on: Instagram LinkedIn YouTube TikTok 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.

Fresh details from the Federal Reserve have revealed what drove last month’s US interest rate hike, but what could they mean for rates from here? Wall Street’s record-breaking run came to an end as investors reassessed the outlook for interest rates and energy costs, with the ASX poised to follow with a weaker open. Plus, why one of the biggest media deals in recent history could reshape the battle for streaming audiences. Join James Tao, Equity Market Commentator and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers. Check out our Market News page Follow us on: Instagram LinkedIn YouTube TikTok 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 Australian share market ended Wednesday slightly lower after a mixed session, with banks and materials weighing on performance despite gains in healthcare and property. Key movers included uranium miners, tech stocks, and dividend payers, while offshore markets hit record highs. US earnings season approaches this week. 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. Check out our Market News page Follow us on: Instagram LinkedIn YouTube TikTok 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 climbed to fresh record highs overnight, but which companies are driving the rally? Megacap and AI-related stocks were among the standouts as Treasury yields eased and investors looked ahead to the upcoming US earnings season, while the Aussie market is set to open flat. Plus, why Australian mortgage holders are proving resilient despite higher interest rates and falling property prices. Join James Tao, Equity Market Commentator and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers. Check out our Market News page Follow us on: Instagram LinkedIn YouTube TikTok 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.