US stocks ended lower despite a wave of early optimism, sparked by news that U.S. President Donald Trump and China’s Xi Jinping have agreed to resume trade talks. In corporate news, Brown-Forman — the maker of Jack Daniel’s — suffered its steepest share price drop since 2008 following weaker-than-expected earnings. Meanwhile, consumer goods giant Procter & Gamble announced plans to cut 7,000 jobs as part of a restructuring effort. Across the Atlantic, the European Central Bank cut interest rates once again but signaled a possible pause in future easing. Oil prices climbed on renewed hopes surrounding U.S.-China trade negotiations. Back home, Australian shares are set to finish the week in the red ahead of the long weekend.

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.

US stocks ended lower despite a wave of early optimism, sparked by news that U.S. President Donald Trump and China&rsquo;s Xi Jinping have agreed to resume trade talks. In corporate news, Brown-Forman &mdash; the maker of Jack Daniel&rsquo;s &mdash; suffered its steepest share price drop since 2008 following weaker-than-expected earnings. Meanwhile, consumer goods giant Procter &amp; Gamble announced plans to cut 7,000 jobs as part of a restructuring effort. Across the Atlantic, the European Central Bank cut interest rates once again but signaled a possible pause in future easing. Oil prices climbed on renewed hopes surrounding U.S.-China trade negotiations. Back home, Australian shares are set to finish the week in the red ahead of the long weekend.
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.