Morning Report 03 Feb 26: Stocks climb as gold selloff eases

Wall Street kicked off February on a stronger note, led by gains in the tech sector, though losses in Walt Disney weighed on sentiment after the company flagged a weaker outlook. In Europe, shares climbed to record highs, driven by strength in banking stocks. Commodities were under pressure, with oil sliding 5% on signs of US-Iran de-escalation, while gold extended its selloff as higher CME margin requirements compounded recent losses. Back home, Aussie shares are expected to rebound, even as the Reserve Bank is poised to lift the cash rate. 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.