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Morning Report 15 Oct 25: Stocks rise as Powell keeps Fed cut wagers in play

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Manage episode 513621188 series 2978934
Content provided by CommSec. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CommSec or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

US stocks recovered from early losses as investors were reassured by Jerome Powell’s comments, keeping alive hopes for future rate cuts. Treasury yields hovered near recent lows, while the Dow Jones lifted 400 points in a remarkable turnaround as traders shrugged off renewed US-China trade tensions. The Dow and S&P 500 also gained on the back of strong US bank results. In commodities, oil fell 1% on supply glut worries, while iron ore slipped on profit-taking. Back home, Aussie shares are expected to lift around 1% as gold hits a fresh record high, though the Aussie dollar remains below 65 US cents.

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.

  continue reading

1249 episodes

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iconShare
 
Manage episode 513621188 series 2978934
Content provided by CommSec. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CommSec or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

US stocks recovered from early losses as investors were reassured by Jerome Powell’s comments, keeping alive hopes for future rate cuts. Treasury yields hovered near recent lows, while the Dow Jones lifted 400 points in a remarkable turnaround as traders shrugged off renewed US-China trade tensions. The Dow and S&P 500 also gained on the back of strong US bank results. In commodities, oil fell 1% on supply glut worries, while iron ore slipped on profit-taking. Back home, Aussie shares are expected to lift around 1% as gold hits a fresh record high, though the Aussie dollar remains below 65 US cents.

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.

  continue reading

1249 episodes

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