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CommSec Market Update

Morning Report 6 May 24: Interest rate relief pushes stocks higher

05 May 2024

Description

Join Tom and Ryan as they deep dive into the impact of falling bond yields and interest rate expectations on Australian shares, particularly emphasising the potential implications for property, technology, and consumer discretionary stocks. They analyse Wall Street's recent surge following hints of a potential softening stance on US inflation in the wake of Friday's job data, and speculate on the Reserve Bank's stance at this week's meeting. Additionally, they discuss corporate earnings reports, focusing on Westpac's anticipated results and the broader performance of the financial sector.  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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