Investor fear over US debt has caused a bond market rout, pushing up yields. A sell off spread to equities, and investors turned to 'safer' assets such as gold and Bitcoin (which hit a record). It's worth noting wheat also rallied, says moomoo Australia market strategist Jessica Amir.

Securities mentioned include GrainCorp, Inghams Group, Rigetti Computing, iShares Bitcoin Trust ETF

US shares snapped a six-day winning streak overnight, with the S&P 500 falling 0.39%. Investors waiting on further tariff deal news, selling up for profit after the sharp rally. Gold nudged up and could rise further in response. Following Australia's rate cut we're seeing banks rise this morning – Westpac, Commonwealth and NAB historically performed well after a rate cut. We could expect property and technology to also gain as the impact of the rate cut settles.

European and American shares traded modestly higher overnight despite the US government's credit downgrade and lower industrial activity in China. Locally there is strong expectation of a rate cut by Australia's central bank, even though employment here is robust. If the RBA does surprise today by not cutting rates, the initial sharemarket reaction is likely to involve selling. If we see a rate cut then the market is likely to jump 0.5% to 1%, lead by banks, infrastructure and real estate investment trusts.

The bull market run stumbled over the weekend, with the US credit rating downgraded over the size of government debt. Investors are likely to turn to safer assets such as gold, moving away from equities. But any setback is likely to be short term, with the bull run to continue. Locally, a central bank rate cut tomorrow will support this.

Securities mentioned include Tesla, Nvidia, Lululemon, Micron, Technology, Liontown Resources, Mineral Resources, Vanguard S&P 500 ETF, Domain Holdings, Megaport, Newmont

As world markets invest more in AI we'll see a wave of infrastructure development. That's part of the story that spurred Nvidia to become the second most-valued company in the world this week, and it could soon take the number one spot soon. Cloud services, computer chip makers and data centres look set to benefit as generative AI spend climbs toward US$1.6 trillion in seven years.

Securities include Nvidia, Alphabet, Apple, Amazon.com, AMD, Cisco, Microsoft, VanEck Semiconductor ETF

Big drop in US business inflation helped the market rise further overnight. But strong local employment data released yesterday makes a weaker case for a local rate cut next week. We can expect tech sector investors to sell out for profits following strong gains in the sector over the past few weeks. That's especially the case before central bank meetings, employment data and big company results over the next two weeks.

Stocks mentioned include South32, Commonwealth Bank of Australia, Cisco, Nvidia, Rio Tinto, Tesla, Life360, Nextdc

Markets continued to broadly rise in Asia, North America, with the Nasdaq Composite up 0.72%. Semiconductor stocks surged in particular, including dedicated ETFs, Nvidia and Taiwan Semiconductor. This pushed Nvidia to overtake Apple last night to become the world's second most-valuable company. The gold price is down, with Newmont, Evolution Mining and Ramelius dropping on the ASX yesterday.

Securities mentioned include Advanced Micro Devices, Amazon.com, Apple, Arm Holdings, Commonwealth Bank of Australia, Evolution Mining, Genesis Minerals, Gold Road Resources, Lynas Rare Earths, Microsoft, Newmont, Nvidia, Ramelius Resources

US markets climbed further, recovering all losses in 2025. Nvidia rose above US$3.1 trillion, and could soon overtake Apple. Oil rallied with Brent crude up 2.5%. The Hong Kong market dropped 1.9% yesterday but is up 19% from low.

Securities mentioned include Apple, iShares US Aerospace & Defense ETF, Megaport, NextDC, Nvidia, Qantas Airways, Technology One, Tesla, WiseTech Global, Woodside Energy Group