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Laura Bessarati

๐Ÿ‘ค Speaker
1004 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
PM 05 May 26: RBA hikes rates again

So today, there was a lot of share price action on the back of these updates.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

One of them was Flight Centre.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

Now, it was a fairly mixed update.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

Unsurprisingly, it said it's leisure...

CommSec Market Update
PM 05 May 26: RBA hikes rates again

Business was interrupted by the Middle East conflict in April, estimating a profit hit of around $10 million that month, saying that more than 25,000 bookings were disrupted and 6% were cancelled, adding that its cruise bookings were also impacted.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

Now, its corporate business, however, saw very little impact so far.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

So it kept its profit guidance unchanged for the year, supported by a strong third quarter of growth.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

So I think the fact that despite everything going on, it still didn't impact its overall profitability.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

Shareholders were clearly impressed and surprised by that.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

So its share price up by a little over 4%.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

WiseTech has also jumped after presenting at the Macquarie conference after maintaining its full year guidance, but keep in mind its share price is still down over 30% in year-to-date terms.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

It's been weighed down by the broader tech sell-off due to AI disruption fears and also its leadership issues at the back end of last year.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

At the moment, it looks like US markets could kick off the session in positive territory, only slightly lifting by around a fifth of 1%.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

Tonight, we also get updates on US services, job openings and new home sales.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

Of course, we will be watching any new developments between the US and Iran.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

And then tomorrow, Rio Tinto hosts its AGM and a few more quarterlies tomorrow as well.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

a listener production.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

The ASX finally snaps its longest losing streak since 2018.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

And what should investors be on the lookout for next week?

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

Good afternoon.