CommSec Market Update

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Wall Street tumbled overnight as disappointing reactions to Meta and Tesla's earnings reignited concerns about AI spending, while oil prices climbed to a five-month high amid renewed supply fears in the Middle East. The sell-off is set to weigh on the ASX, which is poised for a softer open after yesterday's decline. Plus, why slowing growth in AI token spending is raising fresh questions about demand for the technology.
Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.
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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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The Australian share market declined slightly as materials and energy stocks pressured the broader index. Nick Scarly plunged after cutting profit guidance amid weak furniture sales, while NEXTDC rebounded sharply following yesterday's steep losses. Upcoming earnings from major US tech firms and local mining updates will drive sentiment in coming sessions.
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 overnight as strong earnings from SpaceX reignited enthusiasm for AI stocks, with investors now turning their attention to Meta's upcoming results. Despite the gains in the US, the ASX is poised for a slightly weaker open after yesterday's modest rise. Plus, why smaller companies in Australia and Europe could be attracting interest from investors as money continues to pour into AI.
Join James Gruber, Equity Market Strategist and James Tao, Equity Market Commentator 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 finished modestly higher as investors await major US tech earnings from Meta and Tesla tonight. RBA Deputy Governor Andrew Hauser's warning of hotter inflation pushed rate hike expectations sharply higher, though volatility remains as markets await next week's inflation data. NextDC was the day's worst performer after slashing profit guidance due to power supply delays at its Melbourne facility.

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.