The InvestSense Podcast InvestSense

Key highlights:
Mixed Australian Market Performance: The S&P/ASX 200 index saw a modest rebound after earlier losses, closing the week down by just 0.3%. This minor downturn is attributed to growing inflation concerns, dampening expectations for near-term interest rate cuts by the RBA.

Australian Sector Performance: Specific sectors experienced varied impacts to the growing inflation concerns: industrials declined by 1.5%, consumer discretionary by 1.2%, and financials by 0.9%. In contrast, the healthcare sector showed strength, with Telix Pharmaceuticals and Pro Medicus gaining 3.2% and 2.8%, respectively, supported by strong quarterly results.

Global and US Market Dynamics: Globally, markets saw modest declines, with the MSCI World ex-Australia Index falling 0.5% and the MSCI Emerging Markets Index dropping 3.6%. In the US, Nvidia continued to drive Nasdaq's volatility, playing a significant role amid broader industry concerns highlighted by Salesforce’s disappointing performance. 

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Global financial markets experienced mixed performance last week, with equities posting gains in developed markets while emerging markets and defensive sectors lagged. The ongoing tug-of-war between resilient economic data and persistent inflation concerns continued to drive sentiment.

Get access to the charts: https://www.investsense.com.au/industry-articles/nvidia-shines-amid-persistent-inflation-concerns-in-a-mixed-week-for-global-markets 

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Key Highlights:

Market Performance: After a slow start, the S&P/ASX 200 index climbed by 0.84%, closing at 7,814. This rise was buoyed by slowing wage growth in Australia and easing US inflation, which have heightened expectations of potential rate cuts.

The 'Cost of Living' Budget: The federal budget introduced 'cost of living' measures, which, while aimed at boosting consumer spending, could potentially add to inflation pressures. These policies present a complex scenario for the RBA’s future monetary decisions.

Sector and Corporate Highlights: Significant gains were observed in the REITs (+3.9%) and tech (+3.1%) sectors. Aristocrat Leisure notably surged 12% following strong earnings reports, contrasting sharply with the underperforming energy sector.

Get access to the charts: www.investsense.com.au/industry-articles/asx-closes-higher-as-cooling-us-inflation-fuels-anticipation-of-rate-cuts  

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Global markets continued their positive momentum last week, largely reversing the pullback experienced in April.


Key Highlights:Market Performance: Europe emerged as the best performer, with the UK showing strong gains. Japan was a bit soft, while Australia saw the ASX 300 gain 1.8%. The US extended its rally, driven by strong earnings reports.Sector Performance: The real estate sector was a standout, with Australian A-REITs up 2.3% for the week. Global REITs returned 1.4%, and global infrastructure gained an impressive 2.1%.Bond Markets: Australian 10-year yields fell initially but have since risen, while US 10-year Treasury yields settled at 4.448%.
Get access to the charts: www.investsense.com.au/industry-articles/positive-momentum-continues-amid-mixed-signals 


Join the InvestSense Community to receive weekly insights from our investment team: https://www.investsense.com.au/investsense-insights