Morning Report 13 Nov 24: Stocks fall for the first time since US election

Wall Street sees some modest declines following a series of record highs. The US dollar hits a two-year high, while US bond yields ratchet higher ahead of influential US inflation data. Meanwhile, Bitcoin eases from record highs, with Trump vowing to make the US the 'crypto capital'. In Europe, concerns over China weigh on shares, with markets posting their worst session in three months. Locally, the ASX is expected to slip as copper falls to a two-month low, and Ryan previews wage data and CBA earnings results. 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.