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Morning Report 23 Apr 25: Dow jumps 1,000 points to snap a 4-day losing streak

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Manage episode 478501664 series 2978934
Content provided by CommSec. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CommSec or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Wall Street rebounded overnight, with major indexes ending higher as investors responded positively to corporate earnings and growing optimism around easing tariff tensions. Industrial giant 3M held steady, maintaining its full-year outlook, while Tesla reported a 20% decline in automotive revenue. In commodities, oil prices surged 2% following the announcement of new sanctions on Iran, while gold briefly hit a fresh record high before pulling back. Copper also edged higher, defying a generally downbeat outlook for global demand. Closer to home, Aussie shares are poised to rise on Wednesday, despite a downward revision to global growth forecasts from the IMF. Meanwhile, the strong US dollar continues to pressure the Aussie dollar, which has weakened in response.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

See omnystudio.com/listener for privacy information.

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1003 episodes

Artwork
iconShare
 
Manage episode 478501664 series 2978934
Content provided by CommSec. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CommSec or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Wall Street rebounded overnight, with major indexes ending higher as investors responded positively to corporate earnings and growing optimism around easing tariff tensions. Industrial giant 3M held steady, maintaining its full-year outlook, while Tesla reported a 20% decline in automotive revenue. In commodities, oil prices surged 2% following the announcement of new sanctions on Iran, while gold briefly hit a fresh record high before pulling back. Copper also edged higher, defying a generally downbeat outlook for global demand. Closer to home, Aussie shares are poised to rise on Wednesday, despite a downward revision to global growth forecasts from the IMF. Meanwhile, the strong US dollar continues to pressure the Aussie dollar, which has weakened in response.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

See omnystudio.com/listener for privacy information.

  continue reading

1003 episodes

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