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Steve Daghlian

๐Ÿ‘ค Speaker
1280 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

And from one update to another, we've got Woodside Energy.

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

It's up in the order of 2% today.

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

So it's benefiting in part from the roughly 3% lift in oil prices last night.

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

But the energy group also said in an update today that it expects those strong prices for LNG probably going to be helpful as far as boosting profits in coming quarters.

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

So over the March quarter, LNG prices up an average of around 11% on the prior quarter.

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

And Reliance Worldwide, this is the plumbing products company, it rose 3.6% yesterday, up another 3% today.

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

Now, yesterday it did confirm that it's on track to meet its goals for the year.

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

It said it doesn't have direct exposure to the war or the closure of the Strait of Hormuz, but it did also flag that higher prices are certainly lifting certain costs like resin logistics, and it's needing to essentially lift prices to offset that.

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

And it also warned, of course,

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

on Tuesday, that a prolonged conflict could certainly be a negative, I guess, for the years ahead.

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

The longer it lasts, the worse it could be.

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

And I will also mention G8 education.

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

It's down about 29% today.

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

It's the lowest it's been on the ASX in 17 years.

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

Released an update, roughly one page long, saying that it suspended operations at around 40 of its childcare centres.

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

It announced cost-cutting measures across its support office as well.

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

It blamed this on weaker occupancy, other pressures.

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

It's had serious child safety incidents at those centres as

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

over the last couple of years, but also falling birth rates and affordability issues are other things that it's blamed today.

CommSec Market Update
Market Close 29 Apr 26: Inflation surges on high oil prices

Yeah, and the following day in the United States too.