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Morning Report 04 Sept 24: Wall Street starts September with worst day since August 5 global sell-off

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Manage episode 437974350 series 2978934
Innhold levert av CommSec. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av CommSec eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Wall Street took a sharp downturn, experiencing significant sell-offs driven by growth concerns, reminiscent of August's market drop. Nvidia shares plunged 10%, leading chip stocks to their worst day since March 2020. The sell-off also impacted commodity prices, with oil slumping 5% amid hopes for a resolution to the Libyan dispute, and copper falling to a two-week low on concerns about Chinese demand. Meanwhile, Australian shares are expected to decline ahead of key economic growth data.

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.

  continue reading

707 episoder

Artwork
iconDel
 
Manage episode 437974350 series 2978934
Innhold levert av CommSec. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av CommSec eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Wall Street took a sharp downturn, experiencing significant sell-offs driven by growth concerns, reminiscent of August's market drop. Nvidia shares plunged 10%, leading chip stocks to their worst day since March 2020. The sell-off also impacted commodity prices, with oil slumping 5% amid hopes for a resolution to the Libyan dispute, and copper falling to a two-week low on concerns about Chinese demand. Meanwhile, Australian shares are expected to decline ahead of key economic growth data.

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.

  continue reading

707 episoder

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