Morning Report 11 Aug 25: Rate cut outlook pushes Wall Street to new record highs

Wall Street shook off growth and trade concerns to close at new record highs, with the tech sector leading gains. The S&P 500 notched its 18th record close of the year, finishing the week up 2.4%, as growing calls for interest rate cuts continued to drive stocks higher. In commodities, oil prices remained in focus ahead of a highly anticipated meeting between U.S. President Donald Trump and Russian President Vladimir Putin. Back home, Aussie shares are poised to edge higher on Monday as the local earnings season gathers pace, with results due from CarSales and JB Hi-Fi. Local investors are also turning their attention to the RBA, which is widely expected to deliver a rate cut on Tuesday. 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.