Market Close 18 Oct 24: ASX Back-pedals After China Data-dump CommSec Market Update podcast

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Market Close 18 Oct 24: ASX back-pedals after China data-dump

1d ago 9:38

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The Australian market declined after mixed data from China today, Australia's largest trading partner. Despite reaching record highs earlier in the week, the market is set to lose those gains due to concerns over China's economic performance, particularly in property investment and GDP growth. Domestically, financials led sector gains, while energy and utilities suffered. Key stock movements included Regis Resources' gold-fuelled surge and Flight Centre’s sharp drop due to an uncertain outlook. Looking ahead, attention will focus on major earnings reports from Tesla and Amazon, along with local AGMs and quarterly updates.

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.

See omnystudio.com/listener for privacy information.

… continue reading

772 afleveringen

#CommSec #Morning Report #Trading #Business

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Market Close 18 Oct 24: ASX back-pedals after China data-dump

CommSec Market Update

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published 1d ago

Delen

MP3•Thuis aflevering

Inhoud geleverd door CommSec. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door CommSec of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.

The Australian market declined after mixed data from China today, Australia's largest trading partner. Despite reaching record highs earlier in the week, the market is set to lose those gains due to concerns over China's economic performance, particularly in property investment and GDP growth. Domestically, financials led sector gains, while energy and utilities suffered. Key stock movements included Regis Resources' gold-fuelled surge and Flight Centre’s sharp drop due to an uncertain outlook. Looking ahead, attention will focus on major earnings reports from Tesla and Amazon, along with local AGMs and quarterly updates.

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.

See omnystudio.com/listener for privacy information.

… continue reading

772 afleveringen

#CommSec #Morning Report #Trading #Business

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