CommSec Market Update

The ASX 200 slipped about 2.3 % on Friday, the worst day in ten months, as every sector posted losses. Weak US tech, falling commodity prices and concerns over the new Fed chair amplified the sell‑off. CBA rallied 6.4 % after a rebound, but WEB Travel plunged 30 % following a tax‑audit notice. Look ahead to US jobs and inflation data, the RBA’s May rate outlook, and a busy Australian reporting week featuring CBA, AMP, IAG, ANZ, Westpac, Evolution, Northern Star, CSL and Cochlear. Also watch Japan’s snap election for possible market moves.
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 after Alphabet’s capital spending plans unsettled investors, while a weak outlook from Qualcomm deepened the tech sell-off. In Europe, the European Central Bank and the Bank of England kept interest rates unchanged, while Rio Tinto and Glencore separately abandoned merger talks. In commodities, silver plunged nearly 14% amid a firmer US dollar, a move that is likely to weigh on Australian shares, which are expected to fall on Friday.
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 ASX200 eased 0.4 % (≈ 39 points) after three days of gains, led by a 3 % fall in materials as silver plunged 14 % and gold slipped 2 %. Tech stocks stayed weak, extending a seventh‑month decline, while BHP fell 4 % letting CBA retake the top spot. Look ahead to ECB and BOE rate holds, US oil inventory data and earnings from Amazon, Barrick, Bristol-Myers Squibb and Estée Lauder.
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 slid overnight as renewed AI concerns weighed on tech stocks, dragging the Nasdaq down 2%. AMD led the sell-off, posting its steepest decline since 2018 after a disappointing outlook. In Europe, shares closed at record highs, bucking the global tech weakness. In commodities, oil prices jumped 3% on concerns around US-Iran talks, while copper fell as a stronger US dollar and inventory outlook pressured prices. Back home, Aussie shares are expected to open lower, tracking the continued tech rout.
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 pushed higher for a second session, showing remarkable resilience by bucking a negative lead from Wall Street. While US indices retreated, the ASX 200 climbed as the Materials and Energy sectors did the heavy lifting. Gold miners were the standout performers after bullion prices surged, and BHP hit a fresh all-time high. However, it was a "sea of red" for the Tech sector, which slumped to its lowest level in two years. Software giant Xero plummeted to a multi-year low as fears intensified over AI disrupting traditional software models, and elsewhere Synlait Milk also crashed following a massive profit warning.
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.