The local market snapped its three-day winning streak with a cautious 0.1% dip today, as investors braced for weekend US-Iran peace talks. Despite the minor pullback, the ASX rallied 4.4% across this holiday-shortened week leading to its strongest performance in over three years - recouping a massive portion of its March losses. Financials and Materials led the charge, while Energy slumped 5% as ceasefire hopes weighed on oil prices. Telix Pharmaceuticals soared 7% on positive FDA news, while Fortescue slipped 1.3%. All eyes now pivot to tonight’s US inflation data, with expectations of a tick higher to 3%, as well as US-Iran peace talks over the weekend. 

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

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.

The local market snapped its three-day winning streak with a cautious 0.1% dip today, as investors braced for weekend US-Iran peace talks. Despite the minor pullback, the ASX rallied 4.4% across this holiday-shortened week leading to its strongest performance in over three years - recouping a massive portion of its March losses.&nbsp;Financials and Materials led the charge, while Energy slumped 5% as ceasefire hopes weighed on oil prices. Telix Pharmaceuticals soared 7% on positive FDA news, while Fortescue slipped 1.3%. All eyes now pivot to tonight&rsquo;s US inflation data, with expectations of a tick higher to 3%, as well as US-Iran peace talks over the weekend.&nbsp;
Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.
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.