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Morning Report 30 Apr 25: Stock bulls fuel best winning run since March 2022

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Manage episode 479811699 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://staging.podcastplayer.com/legal.

Investor confidence continues to build, with Wall Street rising for a sixth consecutive session. Sherwin-Williams shares climbed after a strong first-quarter performance, while UPS fell as the company announced plans to cut 20,000 jobs this year. Meanwhile, Wells Fargo added to the positive sentiment, unveiling a share buyback program of up to $40 billion. In the bond market, US yields slipped to a three-week low amid weakening economic data, while the US dollar strengthened on signs of easing trade tensions. European shares also posted a sixth straight day of gains, echoing the upbeat mood in global markets. In commodities, oil dropped 2% to a two-week low, and gold futures extended their decline. Closer to home, Aussie shares are poised to notch a fifth consecutive day of gains, with investors closely watching upcoming inflation data.

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

1055 episodes

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iconShare
 
Manage episode 479811699 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://staging.podcastplayer.com/legal.

Investor confidence continues to build, with Wall Street rising for a sixth consecutive session. Sherwin-Williams shares climbed after a strong first-quarter performance, while UPS fell as the company announced plans to cut 20,000 jobs this year. Meanwhile, Wells Fargo added to the positive sentiment, unveiling a share buyback program of up to $40 billion. In the bond market, US yields slipped to a three-week low amid weakening economic data, while the US dollar strengthened on signs of easing trade tensions. European shares also posted a sixth straight day of gains, echoing the upbeat mood in global markets. In commodities, oil dropped 2% to a two-week low, and gold futures extended their decline. Closer to home, Aussie shares are poised to notch a fifth consecutive day of gains, with investors closely watching upcoming inflation data.

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

1055 episodes

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