Morning Report 14 Mar 25: US stock rout deepens putting correction in sight

US stocks tumbled, pushing the S&P 500 into a 10% correction. In company news, Adobe shares fell as a tepid outlook failed to excite investors, while Tesla remained volatile. Meanwhile, US bond yields declined following benign producer price data. Elsewhere, European shares edged lower after President Trump vowed 200% tariffs on EU wine. In commodities, oil prices dipped on shifting supply-demand expectations, iron ore rebounded on resilient Chinese demand, and gold surged to a record high. Looking ahead, a correction wave is set to hit Aussie shares. 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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