Morning Report 15 May 24: Nasdaq jumps to record high after Fed Chair's comments CommSec Market Update

 Join Tom & Ryan as they dissect how markets shrugged off hotter-than-expected producer inflation numbers in the US, focusing instead on Jerome Powell's hints of a potential inflation decline. Attention will now turn to the CPI report tonight for further insights. European markets show mixed responses, influenced by discussions of rate cuts and corporate news. Locally, the focus is on the federal budget's impact, with anticipation around the wage price index indicating ongoing wage growth. Commodity markets experienced fluctuations, notably in oil, gold, and iron ore prices, influenced by various factors including supply concerns and defaults in China's property market.

 

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.