Steve Daghlian

Absolutely.

I think that wraps it up.

Have a great evening, everyone.

Make sure to tune in to our morning podcast with Gil and also James.

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Another day, another decline for the Aussie market as investors brace for a busy talent of the week.

Good afternoon, I'm Steve Daglian.

I'm Laura Bessarati.

It's Wednesday the 29th of April.

Welcome to the CommSec Market Update.

I think the interesting thing there as well is that, yes, it's the longest losing streak we've had in roughly four years.

It was a very different set of circumstances back then.

So over the past seven days, our market has fallen by roughly 3%.

Four years ago, our market slumped by 10% over that losing streak because we had the most aggressive interest rate hikes in about 30 years in the US, the hottest inflation in decades post-COVID and recession fears as well in the United States.

But despite this,

even with today's small decline, it means that we're basically at a three-week low and it's just made April not look quite as impressive as it would have otherwise because we know that over the first couple of weeks of the month, the markets were going gangbusters and then we've kind of just taken the shine off that a bit because of the uncertainties and a bunch of data and other things that are due this week.

Yes, so transport costs up roughly 9.2% over the past month.

And as you say, to be expected considering the US-Iran conflict and the impact that has had on petrol prices, but also other energy products and other products as well outside of that space as far as supply is concerned.