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CommSec Market Update

Market Close 29 May 23: Best day in 7 weeks for the Aussie market

29 May 2023

Description

We’re back for another Monday evening update and the market has seen it’s strongest gains since April. 9 of the 11 sectors rose and the US debt ceiling has finally come to a tentative resolution. Miners and banks led the gains today and AI stocks remained in focus, topping todays winners list. IDP Education was today’s worst performer after competition ramped up due to a move by the Canadian government over the weekend. Finally, Laura and Stevie have a look at the week ahead.  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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