Morning Report 06 Jan 25: US stocks snap a 5-day losing streak

The new year has had a shaky start, but technology stocks have helped lift Wall Street during holiday trading. US bond yields have climbed in anticipation of upcoming labor market data, while mega-cap stocks have been key drivers in pushing the US share market higher. Meanwhile, a surging US dollar has put pressure on commodity prices. Oil prices have risen, supported by cold weather and favorable Chinese policies. Looking ahead, ASX 200 futures suggest a solid gain, led by Australian tech shares, although concerns about rising inflation persist due to a weak Aussie dollar. 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.