US sharemarkets rebounded on Thursday, following a sharp sell-off in the previous session. Boeing shares jumped by 7.5% after China cleared the 737 Max aircraft to fly. Delta Air Lines shares gained 9.3%. Shares of payments processors Visa (+4.3%), Mastercard (+4.5%) and American Express (+4.5%) all climbed. Retailer Kroger (+11%) raised its full-year sales and profit forecasts. But Apple shares fell by 0.6% on reports of a slowing in iPhone 13 demand. The Dow Jones index closed higher by 618 points or 1.8%. The S&P 500 index lifted by 1.4%. And the Nasdaq index added 127 points or 0.8%. European sharemarkets shed more than 1% on Thursday as countries ramped up restrictions to curb the spread of the Omicron virus variant. The pan-European STOXX 600 index fell by 1.2% with travel and leisure stocks down 2.6%. The German Dax index lost 1.4% and the UK FTSE index dipped 0.6%. In London trade, shares in Rio Tinto rose by 0.6% and BHP shares lifted 1.2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Market Close 26 Sep 22: ASX 200 slumps to 3-month lows
Morning Report 26 Sep 22: S&P500 approaching June lows
Market Close 23 Sep 22: ASX 200 drops 1.9% to end the week
Morning Report 23 Sep 22: US market slumps after Fed flags more rate hikes
Market Close 21 Sep 22: Aussie shares slide to 2-month lows
Morning Report 21 Sep 22: US stocks slump ahead of jumbo-sized rate hike
Market Close 20 Sep 22: Best day in 2 weeks for ASX 200
Executive Series 5 Sep 22: Allkem (AKE) MD & CEO, Martín Pérez de Solay
Morning Report 20 Sep 22: US stocks lift ahead of Fed meeting
Market Close 19 Sep 22: Quiet trade as investors await the US Fed meeting
Morning Report 19 Sep 22: Largest weekly decline in 3 months for US stocks
Market Close 16 Sep 22: ASX 200 closes out the week with 1.4% fall
Morning Report 16 Sep 22: S&P500 hits a 2-month low
Market Close 15 Sep 22: Calmer session as ASX 200 notches modest gains
Morning Report 15 Sep 22: US stocks turn positive in late trade
Market Close 14 Sep 22: Global selling sees ASX 200 fall 2.5%
Morning Report 14 Sep 22: Worst decline in over 2 years
Market Close 13 Sep 22: Aussie shares extend winning run
Executive Series 5 Sep 22: Vulcan Energy Resources (VUL) CEO, Dr Francis Wedin
Morning Report 13 Sep 22: US market lifts for 4th day
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