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 26 Apr 22: US sharemarkets were firmer on Monday
Market Close 22 Apr 22: Aussie shares snap five-day winning streak
Morning Report 22 Apr 22: ASX set to fall as US markets lower on rate hikes concerns
Market Close 21 Apr 22: ASX edges higher
Morning Report 21 Apr 22: ASX to kick off in positive territory
Market Close 20 Apr 22: Aussie market pared back early gains to close flat
Morning Report 20 Apr 22: ASX set for another positive start
Market Close 19 Apr 22: Aussie market continues the winning streak for a third straight session
Morning Report 19 Apr 22: US sharemarkets eased
Market Close 14 Apr 22: Mining and energy stocks continue to drive the market higher
Morning Report 14 Apr 22: ASX set for a positive start as Wall St advanced
Market Close 13 Apr 22: ASX 200 led higher by mining and energy stocks
Morning Report 13 Apr 22: ASX likely for a flat start as Wall St trade lower
Market Close 12 Apr 22: Aussie shares lose ground on concerns with rising interest rates
Morning Report 12 Apr 22: ASX set to open lower as Wall St slump
Market Close 11 Apr 22: Aussie shares close on a flat note
Morning Report 11 Apr 22: ASX set to open higher
Market Close 8 Apr 22: Weekly winning streak ends
Mid-Session 8 Apr 22: ASX 200 higher for first time since Tuesday
Morning Report 8 Apr 22: ASX set for a positive start
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