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.
Morning Report 18 Jul 22: US sharemarkets posted firm gains on Friday
Market Close 15 Jul 22: ASX 200 snaps 3-day winning streak
Mid-Session 15 Jul 22: Mining stocks drag ASX 200 lower
Morning Report 15 Jul 22: US sharemarkets closed mostly lower on Thursday
Market Close 14 Jul 22: ASX 200 pushed higher for a third day
Mid-Session 14 Jul 22: Market higher despite stronger jobs growth
Morning Report 14 Jul 22: US sharemarkets tumbled on Wednesday
Market Close 13 Jul 22: Cautious trade ahead of key US inflation data
Mid-Session 13 Jul 22: Aussie market choppy ahead of US inflation
Morning Report 13 Jul 22: US sharemarkets fell on Tuesday
Market Close 12 Jul 22: ASX 200 fades ahead of inflation data
Mid-Session 12 Jul 22: Aussie market edging higher
Morning Report 12 Jul 22: US sharemarkets fell on Monday
Market Close 11 Jul 22: ASX 200 wipes out half last week’s gains
Mid-Session 11 Jul 22: Aussie market slides as big week kicks off
Morning Report 11 Jul 22: US sharemarkets were mixed on Friday
Market Close 8 Jul 22: Best week since mid-March
Mid-Session 8 Jul 22: Aussie market higher for a second day
Morning Report 8 Jul 22: US sharemarkets were firmer on Thursday
Market Close 7 Jul 22: Aussie market recoups Wednesday’s losses
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