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CommSec Market Update

Market Close 06 Oct 23: ASX holds gains ahead of US jobs data

06 Oct 2023

Description

The Aussie market posted its 2nd day of gains ahead of the key jobs report out of the US tonight. This data could impact what happens next with interest rates. Over the week though, the Aussie market still declined โ€“ its 3rd straight week of losses. Energy continued to be under pressure as oil prices dip further. But the financial sector soared led by a solid performance from major banks. 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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