AM 11 May 26: ASX to fall, big budget week ahead

The Australian share market is expected to fall as geopolitical tensions weigh on investor sentiment, despite Wall Street reaching fresh record highs on strong corporate earnings. US oil and base metals surged following developments in the Middle East, while local investors await the federal budget announcement tomorrow evening. Key themes include cost of living relief, tax changes, and NDIS reform. 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. 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.