James Gruber

And now it's time for our one more thing segment.

One of the curious things about U.S.

corporate earnings is that we've hardly seen a company miss or forecast downgrade due to higher oil prices and the impact of the Iran war.

That stands in stark contrast to Australia, where many companies have been downgrading their earnings guidance, citing fallout from the conflict.

The question is, why the stark contrast between here and the U.S.

?

It may be because the US has gone from being a large importer of oil to now being a large exporter.

That makes it less susceptible to higher oil prices and oil crises than it has been in the past.

Australia, being a large importer of oil, remains highly sensitive to the spikes in oil prices that we've seen over the past few months.

And that's it for today.

The ComSec Media and Markets team is monitoring developments on today's local trading session, so check out our afternoon episode of the podcast for all the key updates.

I'm James Gruber.

Have a great day.

Stocks fall ahead of key earnings and economic data.

Oil jumps again on stalled peace talks.

And does the sell in May rule still hold up for investors?

Hello, good morning.

I'm James Gruber.

It's Wednesday, the 29th of April, and this is the morning edition of the ComSec Market Update.

Well, as we highlighted yesterday, it's a big week of US corporate earnings, economic data both here and overseas, as well as a swathe of central banks making interest rate calls.