CommSec Market UpdateCommSec Market Update

PM 03 Jun 26: ASX Hits Four-Week High

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The Australian share market rose for the first time this week, climbing to near four-week highs after softer economic growth data suggested interest rate pressures may ease. Energy and mining stocks led gains, with copper continuing its strong run. Uranium miners surged on international supply news, while retail stocks retreated on spending concerns. US markets hit record highs overnight, providing additional momentum for local investors.

Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.

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.

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