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The Market Wrap with Carl Capolingua, Content Editor at Market Index

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Manage episode 479891865 series 2479973
Content provided by Nine Radio and Money News. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nine Radio and Money News or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

The tech sector has slid this year, but with the Nasdaq rebounding strongly in recent weeks, is the tech sector back?

MARKET WRAP:

  • ASX200: up 0.69% to 8,126
  • GOLD: $3,295 US/oz
  • BITCOIN: $148,074 AUD
  • Tech stocks higher led by WiseTech Global – up 1% and TechnologyOne gaining 2.4% to $30.06.
  • REITS were also solid, with Goodman Group up 1.9% and Westfield shopping centre landlord, Scentre gaining 1.7% to $3.62.
  • Wesfarmers rose 1.6% and JB Hi-Fi added 0.7% per cent to close at $103.59.
  • Commonwealth Bank and Westpac also increased by 2.2% and 1.6%.
  • Champion Iron dropped by just under 1 per cent to $4.57 despite reporting a record quarter for sales, rising 18 per cent year-on-year to 3.5 million dry metric tonnes.
  • Alcoa retreated by 1.7% to $38.95 after reporting Spain’s nationwide power outage on Monday had affected operations at one of its smelters.
  • Origin fell 1.3% following their report of a decrease in LNG revenue.

CURRENCY UPDATE:

  • AUD/USD: 63.4 US cents
  • AUD/GBP: 47.8 pence
  • AUD/EUR: 55 Euro cents
  • AUD/JPY: 90 Japanese yen
  • AUD/NZD: 1.07 NZ dollars

See omnystudio.com/listener for privacy information.

  continue reading

107 episodes

Artwork
iconShare
 
Manage episode 479891865 series 2479973
Content provided by Nine Radio and Money News. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nine Radio and Money News or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

The tech sector has slid this year, but with the Nasdaq rebounding strongly in recent weeks, is the tech sector back?

MARKET WRAP:

  • ASX200: up 0.69% to 8,126
  • GOLD: $3,295 US/oz
  • BITCOIN: $148,074 AUD
  • Tech stocks higher led by WiseTech Global – up 1% and TechnologyOne gaining 2.4% to $30.06.
  • REITS were also solid, with Goodman Group up 1.9% and Westfield shopping centre landlord, Scentre gaining 1.7% to $3.62.
  • Wesfarmers rose 1.6% and JB Hi-Fi added 0.7% per cent to close at $103.59.
  • Commonwealth Bank and Westpac also increased by 2.2% and 1.6%.
  • Champion Iron dropped by just under 1 per cent to $4.57 despite reporting a record quarter for sales, rising 18 per cent year-on-year to 3.5 million dry metric tonnes.
  • Alcoa retreated by 1.7% to $38.95 after reporting Spain’s nationwide power outage on Monday had affected operations at one of its smelters.
  • Origin fell 1.3% following their report of a decrease in LNG revenue.

CURRENCY UPDATE:

  • AUD/USD: 63.4 US cents
  • AUD/GBP: 47.8 pence
  • AUD/EUR: 55 Euro cents
  • AUD/JPY: 90 Japanese yen
  • AUD/NZD: 1.07 NZ dollars

See omnystudio.com/listener for privacy information.

  continue reading

107 episodes

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