Morning Report 19 Mar 25: US stocks hit by tech rout on eve of Fed decision day

Wall Street slipped overnight after a short-lived recovery, weighed down by fresh concerns across multiple fronts. The cost of US tariffs is increasingly being passed through to import prices, while bond markets are bracing for a slowdown. Meanwhile, chip giant Nvidia failed to impress with its highly anticipated AI ‘Super Bowl’ event, despite unveiling its new Blackwell Ultra and Vera Rubin AI chips. In Europe, German shares reached record highs after the country’s parliament passed a key fiscal reform bill. In commodities, copper surged to a 10-month peak, but oil eased 1% amid reports of US-led peace talks. Looking ahead, Aussie shares and the Aussie dollar remain under pressure in a risk-off environment. 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.