The market has remained flat today with a drop happening ahead of upcoming inflation data, but then settling once those numbers were revealed.  Laura and Stevie reflect on the data and how it moved markets breaking down the performance of each of the sectors, discuss the best and worst performers for the day including City Chic and Adairs, and look to the day ahead.

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 market has remained flat today with a drop happening ahead of upcoming inflation data, but then settling once those numbers were revealed.  Laura and Stevie reflect on the data and how it moved markets breaking down the performance of each of the sectors, discuss the best and worst performers for the day including City Chic and Adairs, and look to the day ahead.
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.

CommSec Market Update

Market Close 28 Aug 24: A flat day for the market as inflation data is back in focus

The ASX 200 closed slightly lower despite some gains earlier in the week. The market's performance was influenced by a tough start to August and modest improvements since, with concerns about a US recession and Japan's interest rate hike adding pressure. Nvidia's stellar earnings in the US were overshadowed by doubts about sustained growth, impacting global sentiment. Locally, Westfarmers' higher profits were dampened by a weaker trading outlook, while Qantas and Dusk saw modest gains. As earnings season winds down, eyes are on upcoming retail spending data and further profit results.



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 ASX 200 closed slightly lower despite some gains earlier in the week. The market's performance was influenced by a tough start to August and modest improvements since, with concerns about a US recession and Japan's interest rate hike adding pressure. Nvidia's stellar earnings in the US were overshadowed by doubts about sustained growth, impacting global sentiment. Locally, Westfarmers' higher profits were dampened by a weaker trading outlook, while Qantas and Dusk saw modest gains. As earnings season winds down, eyes are on upcoming retail spending data and further profit results.
 
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.

Market Close 29 Aug 24: Final flurry of profit results

Wall Street retreats as investors eagerly await Nvidia's earnings figures, while Australian shares are set to fall amid declining commodity prices. OpenAI is in talks to raise funding, which would value the company at $100 billion. Meanwhile, Warren Buffett's Berkshire Hathaway has reached a market value of $1 trillion. U.S. retail shares, including Lululemon, PVH, and Foot Locker, are under pressure as the economic outlook deteriorates. Locally, the earnings season is winding down, with previews from Wesfarmers and Mineral Resources.

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.

Wall Street retreats as investors eagerly await Nvidia's earnings figures, while Australian shares are set to fall amid declining commodity prices. OpenAI is in talks to raise funding, which would value the company at $100 billion. Meanwhile, Warren Buffett's Berkshire Hathaway has reached a market value of $1 trillion. U.S. retail shares, including Lululemon, PVH, and Foot Locker, are under pressure as the economic outlook deteriorates. Locally, the earnings season is winding down, with previews from Wesfarmers and Mineral Resources.
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.

Morning Report 29 Aug 24: Wall Street tumbles as investors brace for Nvidia results

Wall Street slips into neutral as the market anticipates key earnings reports. Ryan and Tom preview Nvidia’s results, noting that the AI giant could have a greater impact on the market than Jerome Powell's upcoming Jackson Hole speech. Resmed shares surged 7% overnight, while Tesla declined following Canada's imposition of tariffs on Chinese EVs. Oil prices have dropped by 2%, and Woolworths is in the spotlight today as it releases its earnings results. Ryan also previews Australian inflation data, and the Aussie dollar has strengthened due to a weaker U.S. dollar.

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.

Wall Street slips into neutral as the market anticipates key earnings reports. Ryan and Tom preview Nvidia’s results, noting that the AI giant could have a greater impact on the market than Jerome Powell's upcoming Jackson Hole speech. Resmed shares surged 7% overnight, while Tesla declined following Canada's imposition of tariffs on Chinese EVs. Oil prices have dropped by 2%, and Woolworths is in the spotlight today as it releases its earnings results. Ryan also previews Australian inflation data, and the Aussie dollar has strengthened due to a weaker U.S. dollar.
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.

Market Close 28 Aug 24: A flat day for the market as inflation data is back in focus

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