Global markets faced one of their largest drops in years, with the ASX 200 experiencing it's steepest decline since May 2020. This drop follows disappointing economic data from the U.S., where slower-than-expected job growth and rising unemployment rates have raised concerns about an impending recession. Additionally, big tech stocks like Amazon and Intel posted significant losses, contributing to a correction in the tech-heavy NASDAQ. The Japanese market entered a bear market after interest rate hikes, and other regional markets, including Taiwan and South Korea, also saw significant declines. In Australia, almost all sectors were down, with attention now shifting to the Reserve Bank of Australia's upcoming interest rate decision due to be handed down tomorrow. 

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.

Global markets faced one of their largest drops in years, with the ASX 200 experiencing it's steepest decline since May 2020. This drop follows disappointing economic data from the U.S., where slower-than-expected job growth and rising unemployment rates have raised concerns about an impending recession. Additionally, big tech stocks like Amazon and Intel posted significant losses, contributing to a correction in the tech-heavy NASDAQ. The Japanese market entered a bear market after interest rate hikes, and other regional markets, including Taiwan and South Korea, also saw significant declines. In Australia, almost all sectors were down, with attention now shifting to the Reserve Bank of Australia's upcoming interest rate decision due to be handed down tomorrow. 
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.

CommSec Market Update is the podcast that will help you to stay ahead of the trends with daily expert commentary as the market opens and closes.  Whether you are invested in the stock market, or just looking to get started, join the team from Australia’s leading online broker and follow the changes as they happen.



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.

CommSec Market Update is the podcast that will help you to stay ahead of the trends with daily expert commentary as the market opens and closes.  Whether you are invested in the stock market, or just looking to get started, join the team from Australia’s leading online broker and follow the changes as they happen.
 
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.

Insights, interviews and the latest news and information on investment markets from CommSec, Australia's leading online broker.

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