Morning Report 5 Apr 24: Aussie shares are poised to slip as US rally wiped out by rising oil prices

Aussie shares are on the brink of decline, mirroring the erasure of gains in the US market due to escalating oil prices. Amidst this downturn, investors are exercising caution, particularly in light of impending jobs data from the US, which could sway market sentiment. Levi's stocks have surged by 14% due to efficient cost-cutting measures and the introduction of popular clothing lines. Conversely, Lamb Western, bloc, and Ulta Beauty have faced setbacks,

 

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