The AI trade comes back to life | AM 12 Nov 26

Wall Street rallied overnight as strong results from CoreWeave revived confidence in the AI trade, despite renewed tensions in the Middle East pushing oil prices higher. But will the ASX follow Wall Street's lead after closing near a two-and-a-half-month high yesterday? Plus, why a sharp fall in new housing lending is raising fresh questions about the outlook for Australian property prices.

**This episode was recorded with two hours of trading to go on Wall Street**

Join James Gruber, Equity Market Strategist and James Tao, Equity Market Commentator at CommSec, as they take you through all the key numbers.

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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.