CommSec

Morning Report 19 Nov 22: US sharemarkets dropped for a third straight session on Friday

Comments from US Federal Reserve officials unnerved investors worried that the central bank's campaign to counter inflation would push the US economy into a recession. New York Fed President John Williams said, "we're going to have to do what's necessary" to get inflation back to target. San Francisco Fed President Mary Daly said it is "reasonable" to believe that once the Fed's policy rates reached their peak they could stay there into 2024. The quarterly triple witching expiry of equity derivatives amplified market moves. At the close of trade, the Dow Jones index fell by 282 points or 0.9%. The S&P 500 index lost 1.1%, with the Nasdaq index down by 105 points or 1%. For the week, the Dow lost 1.7%, the S&P fell 2.1% and the Nasdaq shed 2.7%.   

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

Market Close 16 Dec 22: ASX 200 slides for 2nd day

The Australian sharemarket has fallen for a second day after global central banks continued to raise interest rates and flag more pain to come in 2023. The interest rate sensitive tech sector fell most.

 

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

Factors that could impact the Aussie sharemarket over 2023

CommSec Senior Economist Ryan Felsman & Market Analyst Tom Piotrowski discuss the factors that could influence the Australian sharemarket during 2023, including the outlook for interest rates, inflationary expectations, in addition to the prospect of China’s reopening.

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

 

Morning Report 16 Nov 22: US sharemarkets fell sharply on Thursday

The US Federal Reserve's guidance for protracted policy tightening reduced hopes of the rate-hike cycle ending anytime soon and increased worries about a potential recession. Shares of Netflix slid 8.6% on media reports that the company would let its advertisers take their money back after missing viewership targets. Megacap technology shares Apple (-4.7%), Alphabet (-4.4%), Amazon (- 3.4%) and Microsoft (-3.2%) all weighed on major indexes. At the close of trade, the Dow Jones index fell by 764 points or 2.3%, its worst day since September. The S&P 500 index lost 2.5%, with the Nasdaq index down by 360 points or 3.2%.

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

Market Close 15 Dec 22: ASX 200 snaps 2-day winning streak

The Australian sharemarket fell 0.64% following a weak lead from Wall Street, the Federal Reserve flagging more rate hikes to come, a strong jobs report locally and sluggish data on China's economy. 

 

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

Morning Report 15 Dec 22: US sharemarkets fell on Wednesday

A policy announcement by the US Federal Reserve raised interest rates by an expected 50 basis points, however, its economic projections see higher interest rates for a longer period. Stocks came off session lows after US Federal Reserve Chair Jerome Powell suggested the central bank is getting "close" to reaching the end of its policy tightening cycle. At the close of trade, the Dow Jones index fell by 142 points or 0.4% after climbing 287 points earlier in the session. The S&P 500 index shed 0.6% and the Nasdaq index slid 86 points or 0.8%. 

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast.

 

We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

Executive Series 12 Dec 22: Coolabah Capital Investments

Coolabah Capital Investments Chief Investment Officer, Christopher Joye speaks with Tom Piotrowski about the outlook for interest rates and the potential impact on a range of investment classes, including bonds, property, equities and hybrids.

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

Market Close 14 Dec 22: ASX 200 lifts for 2nd straight day

The market rose by around two-thirds of one per cent today, and finished near session highs. Buying sentiment was supported by a rally in Wall Street stocks overnight, and an increase in the price of commodities like oil and gold. Looking ahead, some things that could drive volatility tomorrow include the US Fed’s rate hike decision, and Aussie unemployment data.

 

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

Morning Report 14 Dec 22: US sharemarkets climbed on Tuesday

There was a smaller than expected rise in US consumer prices raised hopes that the US Federal Reserve could soften its aggressive stance on interest rate hikes. Shares of Meta Platforms (+4.7%) and Google parent Alphabet (+2.5%) both rose. Higher oil prices pushed up shares of Chevron (+2.2%) and Halliburton (+7.9%). Moderna shares surged 19.6% on upbeat trial data for a skin cancer vaccine. At the close of trade, the Dow Jones index rose by 104 points or 0.3% after jumping 707 points earlier in the session. The S&P 500 index lifted 0.7% and the Nasdaq index added 113 points or 1%.

 

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast.

 

We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

Market Close 13 Dec 22: ASX 200 climbs ~0.3%

The market climbed by as much as two-thirds of one per cent in early trade, but finished on a more modest note, with the gain of 0.3%. Financial stocks did most of the heavy lifting, but gains in the market were weighed by mining stocks, after the price of iron and gold fell overnight. Looking ahead, investors will likely have their focus on US inflation data, and a speech delivered by RBA Governor Philip Lowe.

 

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.