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Morning Report 19 Aug 24: Wall Street posts its best week since 2023
Manage episode 434953018 series 2364476
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US stocks ended the week on a strong note, with technology stocks rebounding and leading Wall Street’s surge. Concerns about a US recession have eased after better-than-expected economic data, while hopes for lower interest rates are in focus ahead of a key Fed meeting. Meanwhile, the ASX faces headwinds as iron ore prices hit their lowest in two years. Earnings season is in full swing, with many companies releasing reports this week. Westpac is set to deliver a trading update on Monday, and the Aussie dollar is firming as the Greenback moderates.
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.
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Manage episode 434953018 series 2364476
Content provided by CommSec. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CommSec or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
US stocks ended the week on a strong note, with technology stocks rebounding and leading Wall Street’s surge. Concerns about a US recession have eased after better-than-expected economic data, while hopes for lower interest rates are in focus ahead of a key Fed meeting. Meanwhile, the ASX faces headwinds as iron ore prices hit their lowest in two years. Earnings season is in full swing, with many companies releasing reports this week. Westpac is set to deliver a trading update on Monday, and the Aussie dollar is firming as the Greenback moderates.
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.
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Similar to CommSec Market Update
Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
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