Local shares ended an uninspiring week with a 0.1% dip. Despite President Trump’s claims that US-Iran peace talks are going "swimmingly," markets remained skeptical, failing to hold the psychological 9,000-point level. The retreat is minor, however, compared to last week’s massive 4.5% surge. Zip rocketed 14% after hiking profit goals to $260 million on US strength. Conversely, Temple & Webster slumped 6.5% on broker warnings of a prolonged "war toll" on retail earnings. Energy stocks eased as oil fell below 100 USD. Focus now shifts to Tesla’s results and upcoming RBA-critical inflation data.

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.

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