Morning Report 09 Sep 25: Nasdaq hits record high as traders focus on rate cuts

Wall Street managed to stay afloat as falling long-term interest rates offset signs of weakening consumer confidence, which weighed on labour market expectations. Technology stocks led the gains, with Broadcom rising on news of an AI partnership with OpenAI, while Robinhood surged 15% after being included in the S&P 500. In Europe, debt concerns deepened as crisis-prone France slipped further into fiscal trouble. Elsewhere, Argentine markets plunged after President Milei’s party lost ground to the Peronists, while gold prices hit new record highs amid rising political uncertainty. Back home, Aussie shares are expected to fall ahead of key confidence surveys, although the Aussie dollar strengthened on the back of a weaker US 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.