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James Gruber

๐Ÿ‘ค Speaker
1119 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

Investors had a chance to react to those during Friday's session on Wall Street, and they flocked to the iPhone maker after its better-than-expected quarterly results and optimistic outlook.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

I'll go more deeply into that trading session shortly, but it's all about corporate earnings at the moment.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

And as you said, it's not over.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

More than 100 companies in the S&P 500 are set to post results this week.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

Well, when the ASX 200 futures were last trading, they were down 23 points or 0.3% to 8,727.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

While there are some banks reporting results this week, investors are going to be watching the RBA's interest rate decision tomorrow afternoon.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

Expectations are for a 25 basis point rise to take the official cash rate to 4.35%.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

If that happens, it'll be the third rate rise this year.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

Well, oil prices dived, as we've indicated on Friday, following that fresh Iran proposal for negotiations with the U.S., a move that could improve prospects for breaking the impasse over peace talks.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

Brent crude futures settled down 2% to $108.17 a barrel.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

Base metal prices were higher.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

Copper futures ended higher.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

up 0.1%, while aluminium futures climbed 1.3% on supply concerns amid the US-Iran standoff.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

Gold futures inched up on Friday, reversing earlier losses of more than 1% on hopes for a breakthrough to end the Iran war.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

futures settled 0.3% higher to US$4,645 an ounce.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

Meanwhile, iron ore futures were also modestly higher by 0.6% to US$107.86 a tonne.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

Well, those Apple shares advanced 3.3%, first of all, after the company provided a solid sales forecast.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

It helped drive the S&P 500 and NASDAQ to those record closing highs and turned the page on their biggest monthly percentage gains in years.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

Software companies climbed after Atlassian lifted its annual forecast.

CommSec Market Update
AM 04 May 26: ASX to slip, US hits new highs

The Australian-based enterprise software maker surged 30%.