))
Market Close 15 Aug 24: Five day winning streak for Aussie stocks
Manage episode 434389877 series 3531694
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.
The Australian share market is teetering on a fifth consecutive day of modest gains despite a mixed bag of economic data. A surprising surge in job growth saw 58,200 new jobs in July, driving speculation about potential rate cuts, though uncertainty lingers. In the corporate world, Cochlear shares plunged over 7% despite solid profits, while Telstra's shares rose on news of a dividend increase, despite a dip in profits. Notable moves included Treasury Wine Estates benefiting from easing Chinese tariffs, and Pilbara Minerals acquiring Latin Resources, sending Latin's shares soaring.
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.
667 episodes
Share
