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 23 May 22: Markets pulled back as Beijing Covid cases lift
Morning Report 23 May 22: US sharemarkets were mixed on Friday
Market Close 20 May 22: ASX 200 avoids a 5-week losing streak
Morning Report 20 May 22: US sharemarkets fell on Thursday
Market Close 19 May 22: 4-day winning streak ends
Morning Report 19 May 22: US sharemarkets slumped on Wednesday
Market Close 18 May 22: Aussie market lifts for 4th day
Morning Report 18 May 22: US sharemarkets were firmer on Tuesday
Market Close 17 May 22: ASX 200 edges higher for a 3rd day
Morning Report 17 May 22: US sharemarkets were mixed on Monday
Market Close 16 May 22: ASX 200 edged higher despite China slowdown
Morning Report 16 May 22: US sharemarkets surged higher on Friday
Market Close 13 May 22: Strongest lift since late January
Morning Report 13 May 22: US sharemarkets were volatile on Thursday
Market Close 12 May 22: Aussie market hits 3-month low
Morning Report 12 May 22: US sharemarkets stumbled on Wednesday
Market Close 11 May 22: ASX 200 ends 3-day losing streak
Morning Report 11 May 22: US sharemarkets were mixed on Tuesday
Market Close 10 May 22: ASX 200 briefly falls to 3-month low
Morning Report 10 May 22: US market slumps to 13-month low
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