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.

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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