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Laura Bessarati

๐Ÿ‘ค Speaker
1165 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

lows around its worst level since the series began in 1973, of course, with all of the volatility and uncertainty around the world.

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

The slight lift, though, seemed to be driven by stronger confidence in economic conditions.

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

But look, overall sentiment is still very low.

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

Domino's Pizza has been among the worst performers today.

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

In fact, it's the second worst, falling by almost 11%.

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

And this is after its US counterpart reported first quarter earnings overnight that missed expectations.

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

Now, its forecast also missed the mark as consumer sentiment was dented by the conflict in the Middle East.

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

And that's really added to inflation worries and prompted a pullback in discretionary spending.

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

Now, the fall in its Aussie listing is quite interesting considering they're separately listed companies with different shareholders, but it seems that same sentiment has fed into the local market and weighed on the Aussie listing today.

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

I also wanted to quickly talk about a lithium stock on the Aussie market called European Lithium.

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

because its share price has soared 50% today.

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

And this is after being up as much as 63% earlier on.

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

That follows news that Critical Metals, a US-listed critical mineral mining company, has agreed to buy the ASX-listed company for about $995 million Aussie dollars.

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

That's 58 cents per share.

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

And that's a significant premium based on its recent trading because it's about 137% higher than its last closing price.

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

So that's why we've seen its share price jump today.

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

Looks like we're going to get a very small move when the US market opens up tonight.

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

We also get a read on consumer confidence, but tomorrow locally, all eyes are going to be on that quarterly inflation report.

CommSec Market Update
Market Close 28 Apr 26: Longest losing streak since 2022

And remember, this is also the March monthly read, which is the first time we'll see how the conflict has impacted the Aussie economy and inflation as well.

CommSec Market Update
Market Close 20 Apr 26: Markets await US-Iran clarity

A listener production.