Market Close 23 Jan 25: First loss of the week

The Aussie market ended its three-day rally with a broad-based decline of 0.75%, driven primarily by weakness in the mining sector amid ongoing concerns over tariffs on China. Despite record highs on the U.S. market, bolstered by Netflix's strong earnings and Trump's $500 billion AI infrastructure plan, the positivity failed to translate locally. On a brighter note, retail giant Myer gained 5.5% after shareholder approval of a merger with Premier Investments, meanwhile takeover target Insignia Financial saw its highest share price in three years amidst ongoing acquisition battles. Looking ahead, the market awaits updates from the U.S. on jobless claims, earnings reports, and upcoming interest rate decisions.   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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