CommSec Market Update

The Australian share market fell roughly half a percent on Friday as Wall Street tumbled into correction territory overnight, with tech and materials stocks reversing recent gains. Investor concerns about data centre growth and AI slowdown weighed on sentiment. Next week brings ANZ and CBA earnings, RBA commentary, and crucial US jobs data tonight that could shape market direction.
Laura Besarati is a Market Analyst at CommSec. Each episode, she breaks down the day's market movements and explains what the numbers really mean.
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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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Wall Street plunged overnight as fears of tighter AI regulations following the Democratic sweep of the US midterm elections sparked a sharp sell-off in chip stocks. The losses are set to weigh on the ASX, which is poised for a weaker open after yesterday's strong rally, while renewed concerns about the conflict in Iran pushed oil prices higher.
**This episode was recorded with two hours of trading to go on Wall Street**
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.
Check out our Market News page
Follow us on:
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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.
See omnystudio.com/listener for privacy information.

The Australian share market delivered its strongest session since April 2025 as global sentiment shifted dramatically. US markets led the way overnight, supported by election clarity and falling oil prices. Tech stocks were the standout performer, while miners recovered on commodity tailwinds. Banking sector faced headwinds following NAB's results and rising bad debt provisions. Key catalysts ahead include RBA commentary and major company earnings.
Laura Besarati is a Market Analyst at CommSec. Each episode, she breaks down the day's market movements and explains 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 surged overnight following a Democratic sweep of the US midterm elections, while oil prices plummeted after JD Vance linked the Republican defeat to the war in Iran. The rally is set to flow through to the ASX, which is poised for a strong open after yesterday's losses. Plus, why investors' optimism over the election result could prove premature.
*This episode was recorded with two hours of trading to go on Wall Street*
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 staged a late recovery after tracking towards its worst day in five weeks, as US midterm election results spooked investors and dragged down tech and mining stocks. Concerns about potential AI regulation and data center scrutiny weighed heavily, with Asian chipmakers also hit hard. City Chic rallied on better trading momentum, while household spending data surprised to the upside in September.
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.