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Laura Bessarati

๐Ÿ‘ค Speaker
935 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

Keep in mind as well, this Friday, Jerome Powell, the current Fed chair, his term will end.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

So it depends what happens tonight if he does get voted in, whether or not Kevin Walsh will replace him on Friday on his last day.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

Yeah, locally anyway, because overseas in the United States, we get inflation data on Tuesday night and business inflation on Wednesday night.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

And then, of course, locally, we do have ResMed trading ex-dividend on Wednesday.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

and a dividend payment from Washington H. Sol Pattinson on Thursday and more company updates throughout the week as well.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

And of course, we have US and China's leaders meeting at the tail end of this week, which will be a big one as well.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

A listener production.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

And find out what's ahead for investors next week.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

Oof, it's been a nasty session for the Aussie market.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

At the moment, down by 1.5%.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

That means we are on track for our worst day in seven weeks.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

We also saw US markets lower overnight.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

So that gave us quite a negative lead in.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

But remember the session before they did hit a record high.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

I think they hit two record highs this week.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

So, you know, investors sort of looking past, you know, the ebbs and flows with the US-Iran tensions over the course of this week and really focusing on US earnings, which have been better than expected for the most part, which is why the US market has certainly been outperforming us here in Australia.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

Looking across the different sectors in afternoon trade, it's almost a sea of red.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

We're only seeing telecom up

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

very marginally up by just a quarter of 1%, but pretty steep falls right across the board from most of the other sectors.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

The hardest hit is the financials, so not helpful at all when that's our largest sector.