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
22 · Mar OctJan 26AprJulnow

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

Appearances

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So across the sectors today, there are a couple of areas that are really being hit hard.
and this includes the mining sector.
Now, the materials are down by more than 3% today.
Mind you, this has certainly been one of the better areas of our share market.
They've just had a four-day winning streak, so you've got to take that into account, but they're also up in the order of 18% this year, even when you take into account today's declines.
Now, energy stocks are doing a
half a percent at the moment.
And this is following those escalating Middle East tensions.
So that basically saw the price of oil shooting up by as much as two and a half percent last night to around $96 per barrel.
The US dollar also rose.
And that has been a weight on many other commodities like gold, which fell last night by
about 1.5%.
Iron ore, which has dropped around 1.5% as well.
This is one of the reasons why we're seeing some declines across some of these big mining stocks and improvements in the energy sector, which is benefiting from the firmer oil price.
So we are seeing stocks like BHP and Rio down more than 3% today.
And this is after hitting record highs just
yesterday.
So something that's important to note here when we look at these big mining stocks is that, yes, they're down heavily today, but we've got Rio up almost 30% this year and BHP, the largest stock on our market, is up almost 40% year to date.
So it is coming off the back of significant highs.
Outside of those sectors, we've got the financials down about three quarters of a percent.
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