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Gillian Bowen

๐Ÿ‘ค Speaker
468 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

Lots of AI-driven developments for investors to digest this week.

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

So if we look at the Aussie futures, our share market looks like it's heading for a strong jump at the open.

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

Futures are up 1.5% or 129 points.

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

As for yesterday, Thursday, the ASX 200 closed lower.

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

It dropped 21.2 points or 0.24%.

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

to 8,665.8.

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

It's now fallen for eight straight sessions.

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

That's the longest losing streak we've seen since 2018.

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

Eight of 11 sectors rose, led by energy, which was up 1.4%.

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

Consumer staples were down 5%.

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

The index has lost 1.45% for the last five days, but it's finished the month up 2.2%.

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

And James, I think we should also now get a check in relation to commodities.

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

I was sitting at my desk yesterday afternoon when an alert came through about Brent crude futures topping 126 US dollars, but it's pulled back a bit since then.

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

What's the latest?

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

All right, let's have a look at currencies.

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

They were higher against the US dollar.

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

One Australian dollar is buying 71.99 US cents.

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

The euro is worth 1.1739 US dollars, while one US dollar is buying 156.41 Japanese yen.

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

The big news overnight was that Japan intervened to prop up the yen, its first official intervention in nearly two years.

CommSec Market Update
AM 01 May 26: ASX to jump as oil sinks

And that led to a 2.5% bounce in the yen.