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.
Mid-Session 29 Jun 22: ASX 200 slumps by 1.3%
Morning Report 29 Jun 22: US treasuries were little changed on Tuesday
Market Close 28 Jun 22: ASX 200 jumps for a fourth day.
Mid-Session 28 June 22: Aussie market lifting for a 4th day
Morning Report 28 Jun 22: US sharemarkets eased on Monday
Market Close 27 Jun 22: Aussie market’s best gain in 5 months
Mid-Session 27 June 22: ASX 200’s strongest lift in 6-weeks
Morning Report 27 Jun 22: US sharemarkets recorded solid gains on Friday
Market Close 24 Jun 22: ASX 200 records first back-to-back gain of the month
Mid-Session 24 Jun 22: Aussie stocks edge higher from slow start
Morning Report 24 Jun 22: US sharemarkets climbed on Thursday
Market Close 23 Jun 22: ASX 200 higher for just 5th time this month
Mid-Session 23 Jun 22: Aussie market lifts as 9 of 11 sectors rise
Morning Report 23 Jun 22: US sharemarkets ended weaker on Wednesday
Market Close 22 Jun 22: ASX 200 gives back early gains
Mid-Session 22 Jun 22: ASX 200 sliding from better start
Morning Report 22 Jun 22: US sharemarkets were firmer on Tuesday.
Market Close 21 Jun 22: Market snaps 7-day losing streak
Mid-Session 21 Jun 22: ASX 200 pushing higher after 7-day losing streak
Morning Report 21 Jun 22: European sharemarkets rose strongly on Monday
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