CommSec Market Update

Morning Report 02 May 25: Stocks rise as strong earnings boost risk appetite

01 May 2025

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US stocks rose to kick off May, as Meta and Microsoft rekindled the AI trade. However, Amazon shares slipped after earnings fell short, weighed down by disappointing cloud revenue. Meanwhile, the weight-loss drug sector saw heightened competition, with CVS choosing Novo Nordisk over Eli Lilly, intensifying the price wars. European markets were closed for the Labor Day holiday, but UK shares remain on track for their best run since 2017. In commodities, oil prices climbed as President Trump threatened new sanctions on Iran, while gold dipped to a two-week low amid optimism over trade talks. The US dollar strengthened against most major currencies, and Treasury yields rose following a better-than-expected manufacturing report. Closer to home, Aussie shares are expected to fall on Friday ahead of the federal election. 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.

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CommSec Market Update

Morning Report 02 May 25: Stocks rise as strong earnings boost risk appetite

This episode hasn't been transcribed yet

Other episodes from CommSec Market Update

AM 11 Jun 26: Stocks sink on renewed Middle East tensions

PM 10 Jun 26: ASX snaps three-day losing streak

AM 10 Jun 26: ASX poised to rise despite Wall Street losses

PM 09 Jun 26: Aussie stocks slide for a third straight session

AM 09 Jun 26: ASX set to rise after long weekend

PM 05 Jun 26: A second straight heavy loss for the ASX

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