CommSec Market Update

• Market Close 21 Feb 25: Biggest weekly drop in 2.5 years

  The Aussie share market is wrapping up its worst week since September 2022, down roughly 3% as financial stocks weigh heavily after a string of disappointing bank earnings and an RBA rate cut. Despite hitting record highs just last week, the financial sector is now on track for its worst weekly performance in two and a half years. Meanwhile, the materials sector is offering some support, with BHP up nearly 3%. In company news, Domain surged 40% after receiving a $2.7 billion buyout offer while competitor REA slumped. Looking ahead, next week’s earnings season remains packed, with major names like Woolworths, Qantas, and Nvidia in focus. 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.

  --------  

  9:59
• Morning Report 21 Feb 25: US stocks fall on Walmart's warning as big banks sink

  US stocks fell as Walmart’s profit forecast missed expectations amid slowing growth, while Palantir shares fell as the Pentagon planned budget cuts. Alibaba surged on an e-commerce and cloud revival, and Hasbro gained on a profit beat. Meanwhile, US banks underperformed, heading for their worst drop in two months, and European stocks declined ahead of the German election. Oil extended its rally for a third straight day, while gold soared to fresh record highs. In Australia, shares are expected to snap a four-day losing streak, with the Aussie dollar rising as the US dollar weakened on tariff fatigue. 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.

  --------  

  9:58
• Market Close 20 Feb 25: On track for worst week since September 2023

  The Aussie market continued its losing streak, falling 1.3% and hitting a one-month low, weighed down by declines in financial and materials stocks. Banks, particularly ANZ, struggled after recent strong gains, while mining giants Fortescue and Rio Tinto disappointed with lower profits. Despite a challenging environment, some bright spots emerged—Telstra surged after announcing a dividend increase and a $750 million buyback, while tech firm Megaport jumped 18% on strong earnings. 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.

  --------  

  9:47
• Morning Report 20 Feb 25: S&P 500 hits fresh record highs

  The S&P 500 reached new record highs despite a mixed market performance. President Trump has announced plans to impose tariffs on autos, pharmaceuticals, and chips, raising concerns among Fed officials about inflation. European shares saw their biggest daily drop of 2025 on tariff fears, while UK inflation jumped to a higher-than-expected 3% in January. In corporate news, Apple unveiled a low-cost iPhone with AI capabilities, and Microsoft shares climbed after introducing its first quantum computing chip. Meanwhile, oil prices rose on supply concerns, and gold hit a fresh record high. Looking ahead, Aussie shares are set to dip after Rio Tinto reported its smallest profit in five years, and jobs data will be in focus as the Aussie dollar weakens. 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.

  --------  

  9:37
• Market Close 19 Feb 25: Lower bank profits weigh on ASX

  The Aussie market suffered its third consecutive decline, with financial and energy stocks leading the losses. The financial sector, in particular, posted its worst drop of the year, driven by NAB’s disappointing quarterly report and CBA trading ex-dividend. Meanwhile, mineral resources plummeted over 20% after swinging to a major loss and cutting its iron ore guidance, while Santos slashed its dividend following a dip in profits. Looking ahead, investors are eyeing key jobs data and a massive reporting day featuring Rio Tinto, Telstra, and Wesfarmers, among others. 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.

  --------  

  9:58

Mais podcasts de Negócios

Podcasts em tendência em Negócios

Sobre CommSec Market Update