Morning Report 09 Apr 25: Trade war headlines whipsaw investors

Wall Street surrendered early gains overnight as the US-China trade war intensified. Long-term interest rates surged as investors shifted their focus to the inflationary impact of rising tariffs. Apple shares have plunged more than 20% in recent days, while US defence stocks climbed on hopes of increased government spending. In Europe, share markets rebounded slightly from 14-month lows after four consecutive sessions of heavy selling. Commodities also took a hit, with prices slumping amid growing concerns over global growth. Meanwhile, Aussie shares are expected to open lower on Wednesday, giving up the previous day’s gains and the Aussie dollar remains at five-year lows. 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.