CommSec Market UpdateCommSec Market Update

PM 16 Jul 26: Resources drag as banks find footing.

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The Australian share market finished Thursday little changed as resource and energy stocks weighed heavily on sentiment. Banks and wealth managers provided support, with CBA and NAB among the day's standouts. Weak US inflation data has reduced expectations of rate hikes, though Middle East tensions and upcoming earnings results keep investors cautious heading into the weekend.

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

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