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CommSec Market Update

Market Close 17 May 23: Wages are up and the market is down

17 May 2023

Description

Join Laura and Stevie as they give us Wednesday’s market close updates. Wages are up and the market is down for a second day in a row. Miners and banks weighed on the market, while tech rose most. Lake Resources performed best while fertiliser company Incitec Pivot performed worst. Jobs data is in the spotlight tomorrow, with the potential to move markets and influence the next interest rate decision. 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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