CommSec Market UpdateCommSec Market Update

PM 06 Oct 26: ASX up, consumer confidence plummets

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The Australian share market continues its upward trajectory for a third consecutive session, buoyed by strong US leads and solid performance from miners and banks. However, consumer confidence surveys reveal deepening concerns about employment prospects and rising living costs. Tech stocks remain under pressure locally, while property shares rebound. Key developments include a trading halt on Dicker Data pending a material acquisition announcement.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

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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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