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CommSec Market Update

Market Close 01 Aug 24: New month, fresh highs

01 Aug 2024

Description

After closing at a record high yesterday the market has continued to grow, starting the month with further gains.  Laura and Stevie reflect on the performance of local markets throughout July comparative to international markets, look at what inflation data and recent interest rate decisions could mean for rate cuts later in the year, and unpack the performance of each of the sectors with tech, property, and commodities all seeing boosts.  They discuss the stocks that stood out today and look at how tech earnings data could move markets in the days ahead. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

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