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Laura Bessarati

๐Ÿ‘ค Speaker
1053 total appearances

Appearances Over Time

Podcast Appearances

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

Plenty of time for

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

Things to change between now and then.

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

We do get more company earnings out of the United States tonight, not the big names like we have been seeing.

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

Of course, we had four of the magnificent seven out with earnings results.

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

I will quickly touch on Apple's results because their shares are up 2% in after hours trade.

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

And that was after providing a strong forecast for the quarter ahead.

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

It also topped earnings and revenue estimates, helped by strong demand for its iPhones and also Mac computers.

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

So that's the last of the Magnificent Seven to post earnings results until NVIDIA.

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

So they'll be the last one out.

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

They'll be out on May the 20th.

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

They always report later than all of the other companies.

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

But back to tonight, we have a

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

Colgate, Moderna and also Estee Lauder.

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

Then quickly looking to next week, of course, the big one is going to be the RBA interest rate decision.

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

Tuesday, 2.30pm, there's a 76% chance that they will hike rates for the third meeting in a row.

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

and that would take the cash rate to 4.35% to its highest level since December 2024.

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

So that's the big one that markets are going to be watching for.

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

Of course, the press conference with Michelle Bullock an hour after that decision is handed down, so 3.30pm Sydney time.

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

We also get more bank results over the course of next week, including NAB on Monday, Westpac on Tuesday.

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

We have Bank of Queensland trading ex-dividend on Monday, NAB ex-div on Thursday, and Westpac