The ASX200 hit a new record high, up 0.7%, marking the second record this week, despite stronger-than-expected jobs data. The Australian labor market added 64,100 jobs, far exceeding expectations and dampening hopes for an imminent rate cut, now more likely in early 2024. While most sectors performed well, materials and tech stocks saw declines, though financials provided solid support, with AMP surging 17%. Uranium miners also rallied. Key events to watch include upcoming US and China economic reports, likely influencing tomorrow's market.

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 ASX200 hit a new record high, up 0.7%, marking the second record this week, despite stronger-than-expected jobs data. The Australian labor market added 64,100 jobs, far exceeding expectations and dampening hopes for an imminent rate cut, now more likely in early 2024. While most sectors performed well, materials and tech stocks saw declines, though financials provided solid support, with AMP surging 17%. Uranium miners also rallied. Key events to watch include upcoming US and China economic reports, likely influencing tomorrow's market.
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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