Market Close 29 Aug 24: Final flurry of profit results

The ASX 200 closed slightly lower despite some gains earlier in the week. The market's performance was influenced by a tough start to August and modest improvements since, with concerns about a US recession and Japan's interest rate hike adding pressure. Nvidia's stellar earnings in the US were overshadowed by doubts about sustained growth, impacting global sentiment. Locally, Westfarmers' higher profits were dampened by a weaker trading outlook, while Qantas and Dusk saw modest gains. As earnings season winds down, eyes are on upcoming retail spending data and further profit results.   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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