CommSec Market UpdateCommSec Market Update

Market Close 12 May 23: Aussie market narrowly snaps 3 week losing streak

View descriptionShare

Steve and Laura are back on this Friday night with the last update for the week. As expected, the market closed in positive territory tonight, snapping a 3 day losing streak. Most sectors did well today, with all but materials and energy on the up. Gold stocks struggled most, but followed huge gains since February due in part to the US suffering its second and third largest bank failures in American history. Almond prices might be on the rise after Select Harvest said it will be a bad year for it’s crop. Next week, watch key updates on jobs and wages, which could be important for upcoming interest rate decisions in Australia.

 

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

  • Facebook
  • X (Twitter)
  • WhatsApp
  • Email
  • Download

In 1 playlist(s)

CommSec Market Update

CommSec Market Update is the podcast that will help you to stay ahead of the trends with daily exper 
Social links
Follow podcast
Recent clips
Browse 1,396 clip(s)