Laura Besarati

speaker

22,691 appearances 299 recordings 1 series first heard Aug 2024 last heard 2d ago

Laura Besarati’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 123 in all, peaking in Mar 2026 with 22.

Appearances

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CommSec Market Update · PM 04 Jun 26: ASX slides as miners tumble · 4 Jun 2026 podcast

That's a fall of 1.1% on Thursday to about 8,686 points.

So that is more than enough to wipe out Wednesday's lift, which actually saw our share market touching a near four-week high as well.

It also means that that 8,800 point mark, which we cracked for the first time since the 8th of May just yesterday, seems like a long way away now as well.

And it's also enough just slightly to push our market into the red for the year.

So we're down by around 0.4% now since the start

of the 2026 calendar year.

Now, a few things at play here.

One is the fact that US markets slumped overnight by as much as 1.2%, and also futures are pointing to a potential sluggish start to the trading session tonight as well.

Now, keep in mind, despite this, markets in the US did hit record highs just a day earlier.

Secondly, Chipmaker Broadcom, which is considered to be one of the competitors to NVIDIA,

It fell shy of Wall Street expectations with its revenues yesterday for the quarter.

And also it gave a weak forecast for the coming quarter as well.

That seems to have kind of dented momentum at least for a day of this AI trade, which has been one of the key drivers of the US share market.

So the US market year to date is up around 10%.

as I said, our market is now slightly negative.

And part of this has had to do with the big tech sector over in the United States.

So outside of a few markets like the Japanese market, which is up more than 30% this year, and South Korea's market, the KOSPI index there has more than doubled in 2026, has even a bigger tech sector than the United States as far as the share of tech of its entire market.

But the US market certainly has been driven by many of these tech stocks.

Now,

Outside of that, we've also had flaring tensions in the Middle East with both the US and Iran trading a new round of airstrikes that seems to have offset reports of an Israel-Lebanon ceasefire.

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