Market Close 12 May 23: Aussie market narrowly snaps 3 week losing streak

Steve and Laura are back on this Friday night with the last update for the week. As expected, the market closed in positive territory tonight, snapping a 3 day losing streak. Most sectors did well today, with all but materials and energy on the up. Gold stocks struggled most, but followed huge gains since February due in part to the US suffering its second and third largest bank failures in American history. Almond prices might be on the rise after Select Harvest said it will be a bad year for it’s crop. Next week, watch key updates on jobs and wages, which could be important for upcoming interest rate decisions in Australia.

 

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