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 11 Aug 22: ASX 200 hit a fresh 2-month high
Morning Report 11 Aug 22: US sharemarkets climbed on Wednesday
Market Close 10 Aug 22: Title: ASX 200 snaps 3-day winning streak
Executive Series 8 Aug 22: WAM Leaders Ltd (WLE) Lead Portfolio Manager, Matthew Haupt
Mid-Session 10 Aug 22: Aussie market clawing back losses
Morning Report 10 Aug 22: US sharemarkets were weaker on Tuesday
Market Close 9 Aug 22: ASX 200 edged higher for a 3rd day
REA Group’s Full Year Result 9 Aug 22: Higher profits and record dividend
Mid-Session 9 Aug 22: Aussie market improving modestly
Morning Report 9 Aug 22: US sharemarkets were choppy on Monday
Market Close 8 Aug 22: ASX 200 edges higher in cautious trade
Mid-Session 8 Aug 22: Aussie market falling slightly
Morning Report 8 Aug 22: US sharemarkets were mixed on Friday
Market Close 5 Aug 22: Miners help the ASX end the week on a strong note
Mid-Session 5 Aug 22: Aussie market edging higher
Morning Report 5 Aug 22: US sharemarkets were mixed on Thursday
Market Close 4 Aug 22: Market loses early gains to close flat
Mid-Session 4 Aug 22: Aussie market is lifting for the third time this week
Morning Report 4 Aug 22: US sharemarkets rose on Wednesday
Market Close 3 Aug 22: ASX retreats, ending 6 day winning streak.
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