Market Close 26 Aug 24: Eleventh gain in 12 days for Aussie stocks

The U.S. Federal Reserve's recent comments at the Jackson Hole symposium, where Jerome Powell hinted at potential interest rate cuts due to a shift in focus from inflation to rising unemployment, have fuelled market optimism today. Meanwhile, the Australian market has rebounded from a rough start to the month, with sectors like consumer staples and healthcare facing pressure. Key highlights include Pilbara Minerals' significant revenue drop due to falling lithium prices and the strong performance of uranium miners. The week ahead is packed with major earnings reports from companies like BHP, Coles, and Nvidia, as well as important inflation data from both the U.S. and Australia. 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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