Morning Report 06 May 25: Confession season keeps investors guessing
The ASX200 saw a flat trading day after Monday’s sharp 1% drop, which ended a seven-day winning streak—the longest of the year. While sectors were mixed, healthcare and financials dragged, with Westpac and CBA under pressure following weaker results. In contrast, consumer discretionary led gains, and gold miners stood out as gold prices rebounded. At Macquarie’s annual conference—also dubbed "confession season"—companies like Sigma, WiseTech, and HMC Capital disappointed investors, while ComputerShare, Tabcorp, and NextDC impressed with strong updates and guidance. 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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9:57
Morning Report 06 May 25: S&P 500 snaps nine-day winning streak after Trump’s Hollywood tariffs
Wall Street closed lower, with the S&P 500 snapping a historic nine-day winning streak. In company news, GoDaddy posted better-than-expected earnings, while Netflix ended an eleven-session winning streak amid market reaction to Trump’s proposed tariffs on foreign films. Meanwhile, US bond yields edged higher following stronger-than-expected data from the services sector. In commodities, oil fell to a four-year low due to rising OPEC supply, while gold prices climbed ahead of the upcoming US Federal Reserve meeting. Closer to home, Aussie shares are set to fall on Tuesday after ending a seven-day winning streak. 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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9:55
Market Close 05 May 25: An abrupt end to a 7-day winning streak
The recent winning streak has ended abruptly today, and Laura and Stevie reflect on this session which follows 7 straight days of gains. The energy sector has weighed on local markets amid price slumps and supply changes, and the tech sector and financials have seen declines with the big banks dragging on local markets. They discuss the recent election, Westpac’s earnings results, what to expect in the week ahead, and the stocks that caught attention including SmartPay and Qantas. 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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10:01
Morning Report 05 May 25: Wall Street propelled higher by encouraging jobs figures
US stocks rallied on Friday after stronger-than-expected jobs growth in April boosted investor confidence. The S&P 500 rose for a ninth straight session—its longest winning streak since 2004—with all sectors finishing in the green. Communication services led the gains, driven by a 4% jump in Meta shares. Financials also advanced, with the KBW Bank Index climbing 4% over the week, while industrials were buoyed by a 3% lift in Caterpillar and 3M. In commodities, oil prices slid 1.5%, marking their biggest weekly decline since March while gold futures also eased back from record highs. Closer to home, futures suggest a positive start for the ASX 200, as investors turn their attention to the upcoming confession season. 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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9:44
Market Close 02 May 25: The best week of 2025
The winning streak has continued into a seventh straight day despite the market opening lower this morning. Laura and Stevie discuss the session, where the gains could have been attributed to hints at an ease to trade tensions, and locally 10 of 11 sectors are in positive territory with mining and energy seeing some standouts. Meta, Microsoft, Apple and Amazon results are discussed, and they discuss the big winners and losers including Zip and Clarity Pharmaceuticals. 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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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.
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