As we embark on a new financial year, the market seemed to have a hangover, closing up after a fairly flat session. The seemingly unstoppable, Afterpay, surged to another record high of $63.90 and gold re-affirmed its safe haven status with an eight year

Our three VODs of the day are:  <a href="https://www.ausbiz.com.au/media/without-doubt-macro-events-will-drive-markets-in-the-next-12-months?videoId=2361">Without doubt, macro events will drive markets in the next 12 months</a> <a href="https://www.ausbiz.com.au/media/open-banking-to-stimulate-innovation-says-ibm?videoId=2349">Open Banking to stimulate innovation says IBM</a> <a href="https://www.ausbiz.com.au/media/cuts-to-ad-spend-have-had-a-devastating-impact-on-the-industry?videoId=2363">Cuts to ad spend have had a 'devastating' impact on the industry</a>

Yet another record high for Afterpay and gold hits an eight year high...

Local stocks came under pressure as investors took profits after a record run on Wall Street...

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the COB: changing course

Easing US inflation and a rising jobless rate in Australia put investors in a buying mood as they looked forward to lower interest rates. The S&P/ASX200 surged 1.65% to 7,881.

Our Top 3 Videos<a href="https://ausbiz.com.au/media/brokendown-investment-theses-for-these-smallcaps?videoId=35843" rel="noopener noreferrer" target="_blank">Confession season for a reason</a><a href="https://ausbiz.com.au/media/this-is-an-aggressive-move-by-macquarie-but-is-it-as-good-as-it-seems-?videoId=35842" rel="noopener noreferrer" target="_blank">Macquarie's E(T)Fforts</a><a href="https://ausbiz.com.au/media/a-microcap-to-watch-amid-the-housing-shortage-crisis?videoId=35853" rel="noopener noreferrer" target="_blank">Billion dollar business</a>

the COB: ASX on fire

Australian stocks enjoyed a positive post-budget session, although it's most likely they were boosted by global sentiment. Investors were also buoyed by slowing wage growth of 0.8% for the March quarter.

Our Top 3 Videos<a href="https://ausbiz.com.au/media/scotts-got-his-eye-on-these-stocks-postbudget-?videoId=35810&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-__AhGQUBuAwtURVuCLatRpl_NjaC61tlFioByS2rZ1byjlLWgXD1iXnvVBX2LZdsd5Cqqx" rel="noopener noreferrer" target="_blank">Budget benefit</a><a href="https://ausbiz.com.au/media/budget-implications-for-the-biotech-sector?videoId=35828&amp;sectionId=1885&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-__AhGQUBuAwtURVuCLatRpl_NjaC61tlFioByS2rZ1byjlLWgXD1iXnvVBX2LZdsd5Cqqx" rel="noopener noreferrer" target="_blank">Buying into biotechs</a><a href="https://ausbiz.com.au/media/datt-capital-is-fishing-for-these-stocks-post-budget?videoId=35827&amp;sectionId=2037&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-__AhGQUBuAwtURVuCLatRpl_NjaC61tlFioByS2rZ1byjlLWgXD1iXnvVBX2LZdsd5Cqqx" rel="noopener noreferrer" target="_blank">Critical for minerals</a>

the COB: Budget benefit

The S&P/ASX200 ended the session -0.3% all eyes are on the Federal Budget at 7:30pm AEST...

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the COB: get in the game

The local market ended flat as investors await the Federal budget & US inflation data later in the week....

Our Top 3 Videos<a href="https://ausbiz.com.au/media/what-does-tomorrows-federal-budget-hold-for-us?videoId=35772&amp;sectionId=1885" rel="noopener noreferrer" target="_blank">BUDGET BLUES?</a><a href="https://ausbiz.com.au/media/why-tea-may-be-your-cup-of-tea?videoId=35777&amp;sectionId=1885" rel="noopener noreferrer" target="_blank">FITS TO A T(EA)</a><a href="https://ausbiz.com.au/media/can-light-wonder-power-your-portfolio?videoId=35781&amp;sectionId=1885" rel="noopener noreferrer" target="_blank">DON'T CHANGE</a>

the COB: keep on keeping on

The local market closed higher to end the week with US inflation data and the Australian Federal Budget looming large next week...

Our Top 3 Videos<a href="https://info.ausbiz.com.au/e3t/Ctc/V+113/d14Rjj04/VWSxGR8sJ3DTW3-q436106jHYW5tZZwQ5dWCG4N2F3N2q3lYMRW69sMD-6lZ3lLW8fqmP_9k-dbfW4l4xMt7tnqqKW44j3S86_1g6JN33Wnc92K_9_W4q9Sv_4-H6w1W8ylclG1Sr9P3W373-wT1PCH1wW76rd2q40G9ydN256s0ZBkG9mVV-KgS6MwtgHW3QJczf1NnK3WW1QpKXq8RssVfW7V-gBZ3nXHVrW41l0dW3bTfxlW6hrFSt6R58nFV2f4Fm1-k2d4W6bMc1L1f2TLQW8fjPnr2y-tQCVkc9rl98vbHLW4dkyvv1F90Zrf5vbRzd04" rel="noopener noreferrer" target="_blank">THREE STOCKS TO CELEBRATE</a><a href="https://info.ausbiz.com.au/e3t/Ctc/V+113/d14Rjj04/VWSxGR8sJ3DTW3-q436106jHYW5tZZwQ5dWCG4N2F3N2q3lYMRW69sMD-6lZ3p0W4912VZ5Vby0kW1P_1ww2yFvhSVwFlVP1Kjv10W264lnc697Mj7VS3fPS4s2l87W68c3PL1vSMkmW40qDS425bThHVvMpT19cmQwPW7ykY2Z2YyQwxW5GC__H5pfw_6W99wrm62kJpLtVWhRk07Bf6GjN12jqZ9tRzFfN2Ffvtn-qyjJV84lng2djNpgN8H96Wxrm2TbW9hf9v-2hgtnsW1dnV1C7xv15vV_VlSz57Cy2LW8T6z1r2dnlQVf61WpJT04" rel="noopener noreferrer" target="_blank">HOLDING FIRE</a><a href="https://info.ausbiz.com.au/e3t/Ctc/V+113/d14Rjj04/VWSxGR8sJ3DTW3-q436106jHYW5tZZwQ5dWCG4N2F3N2q3lYMRW69sMD-6lZ3ldW6ZQ5VM21Zrh4W40Y4DF65hH-LW8jf_wP8j8pgXW2ZvMzw4BqwtXW6YdHXN4G9bmNW5dQwSs7d7M9-N64LF1b6k9zSW5sVH1X1Cq3plVFsGSB124TL4W5Cd7gV9hS7m7VnKNTH28RZCKVG-q1b747CzCW22F6gV67b4CGW8nJbqp3GG0m7W1hSmbt2YhSP8W7XvsHP7yk0LkW3fllTv47G8fpW7Mr5-32VLtBGW2s7gGf1M_SMcW1nlzzD2l1wZ3f8cyZdH04" rel="noopener noreferrer" target="_blank">COMPLETE CONFIDENCE</a>

the COB: the bulls are back

Disappointing company updates have snapped the Australian share market's recent rally with investor sentiment turning negative. The S&P/ASX200 fell 1.06% to 7,721.

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the COB: banks bashed

The local share market lost momentum over the session to end flat, up just 11.2 points at 7,804.

Our Top 3 Videos<a href="https://ausbiz.com.au/media/gradys-buy-hold-and-sell-?videoId=35702" rel="noopener noreferrer" target="_blank">Buy, hold, sell</a><a href="https://ausbiz.com.au/media/lithium-goodman-and-reas-poor-cousinjames-verdict-on-key-stocks?videoId=35703" rel="noopener noreferrer" target="_blank">Hot property</a><a href="https://ausbiz.com.au/media/the-rba-will-be-the-last-to-cut-?videoId=35710" rel="noopener noreferrer" target="_blank">Waiting for a catalyst</a>

the COB: flat as a pancake

The RBA's statement was less hawkish than expected, which saw the S&P/ASX200 rise 1.44% to 7793 led by the utilities and consumer discretionary stocks...

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the COB: rates hold

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

Yet another record high for Afterpay and gold hits an eight year high...

More episodes

View all episodes

91. the COB: changing course

90. the COB: ASX on fire

89. the COB: Budget benefit

88. the COB: get in the game

87. the COB: keep on keeping on

86. the COB: the bulls are back

85. the COB: banks bashed

84. the COB: flat as a pancake

83. the COB: rates hold