The Australian market followed Wall Street’s tumble, after a hotter-than-expected US CPI print eased hopes of an imminent Fed rate cut

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the COB: no love for the market 💌

The local share market ended a volatile week positively, managing to reclaim much of yesterday's losses, despite the global sell-off in megacap tech stocks.

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the COB: eye on CPI

It was a dismal session in Australia and across the Asian region today after a global selloff triggered largely by disappointment from US earnings.

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the COB: global selloff

It was a risk-off day across the Asian region, with the S&P/ASX200 finishing the session moderately lower at 7963.7 points.

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the COB: risk off

The local market rebounded from the previous session's losses to end 0.50% higher at 7971.10. Tech stocks led the gains, taking their cue from Wall Street with Wisetech up 2.21%.

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the COB: big tech bounce back

Asian markets unwound the "Trump Trade" on Monday after U.S. President Joe Biden ended his reelection campaign with investors selling stocks seen as benefiting from a Trump presidency.

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the COB: Trump vs Harris

The global sell-off in tech stocks bled into the local market with the sector dragging the broader market lower.

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the COB: tech tumble

Aussie stocks have rallied as the broad based momentum seen on Wall Street buoyed local investor sentiment; jobs data looms large tomorrow...

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the COB: record rally

The S&P/ASX200 struggled to keep its head above the 8000 points level and finished down 0.23% at 7,999...

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the COB: Rio reversal

 The S&P/ASX200 broke through the psychological 8000 level for the first time to finish 0.73% higher at 8,017.60...

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the COB: ASX milestone

Close your business day with the ausbiz anchors and a wrap of the day&apos;s key stories.

Close your business day with the ausbiz anchors and a wrap of the day's key stories and market movers, as well as our Stock of the Day. Disclaimer: At ausbiz we provide news, information, analysis and commentary. All of this content is general in nature and does not take into account your personal financial situation. The information is not intended as advice and you should not rely on it as such. Before acting on any information you have seen or heard on ausbiz platforms, you should seek independent financial advice, which takes into account your specific circumstances. While we endeavour to ensure that the content you hear in this podcast is reliable, accurate and complete, we cannot guarantee that. You should also be aware that the individuals appearing on ausbiz may have direct holdings in the companies or investments they discuss.

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The COB from ausbiz

the COB: no love for the market 💌

More episodes

View all episodes

139. the COB: eye on CPI

138. the COB: global selloff

137. the COB: risk off

136. the COB: big tech bounce back

135. the COB: Trump vs Harris

134. the COB: tech tumble

133. the COB: record rally

132. the COB: Rio reversal

131. the COB: ASX milestone