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 3 Mar 22: Resource stocks push the market higher
Morning Report 3 Mar 22: ASX set for a positive start as Wall St posted solid gains
Market Close 2 Mar 22: Aussie market lifts for 4th day
Mid-Session 2 Mar 22: Resource stocks push market higher
Morning Report 2 Mar 22: ASX set for a lower start as Wall St slump
Market Close 1 Mar 22: ASX 200 lifts for a third day
Month in Review Feb 2022: Aussie market edges higher despite Ukraine-Russia conflict
Executive Series 24 Feb 22: Rio Tinto (RIO) CEO, Jakob Stausholm
Mid-Session 1 Mar 22: March kicks off with solid gains
Morning Report 1 Mar 22: ASX to start higher as US & European stocks hold their nerve
Market Close 28 Feb 22: ASX 200 finished February on a high note
Mid-Session 28 Feb 22: Market higher in volatile start
Morning Report 28 Feb 22: Investors opt for caution following weekend international developments
Ramsay Healthcare’s Half Year Results 25 Feb 22: Operating headwinds show signs of moderating for private hospital operator Ramsay
Market Close 25 Feb 22: Market snaps 3-week winning streak
Mid-Session 25 Feb 22: Aussie shares edge higher in volatile trade
Morning Report 24 Feb 22: European sharemarkets fell on Thursday as investors responded to the invasion of Ukraine
Investor Signposts 25 Feb 22: Economic growth figures in focus
Market Close 24 Feb 22: Worst decline in 17 months for Aussie market
Qantas & Flight Centre Half Year Results 24 Feb 22
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