Morning Report 5 Apr 24: Aussie shares are poised to slip as US rally wiped out by rising oil prices

Aussie shares are on the brink of decline, mirroring the erasure of gains in the US market due to escalating oil prices. Amidst this downturn, investors are exercising caution, particularly in light of impending jobs data from the US, which could sway market sentiment. Levi's stocks have surged by 14% due to efficient cost-cutting measures and the introduction of popular clothing lines. Conversely, Lamb Western, bloc, and Ulta Beauty have faced setbacks,   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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