The ASX200 edged higher on Wednesday despite hotter-than-expected inflation numbers dampening near-term rate cut hopes, while Woolworths sank 14% on weak earnings. Domino’s plunged 22% after swinging to a loss, and WiseTech dropped 11% on a profit miss. In contrast, Tabcorp surged 24% on a return to profit, SiteMinder jumped 21%, and Lovisa rose 13%. Gold miners also climbed as safe-haven demand lifted prices.

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 edged higher on Wednesday despite hotter-than-expected inflation numbers dampening near-term rate cut hopes, while Woolworths sank 14% on weak earnings. Domino&rsquo;s plunged 22% after swinging to a loss, and WiseTech dropped 11% on a profit miss. In contrast, Tabcorp surged 24% on a return to profit, SiteMinder jumped 21%, and Lovisa rose 13%. Gold miners also climbed as safe-haven demand lifted prices.
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.