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Morning Report 30 Sep 24: US investors celebrate inflation figures as Dow hits new record high
Manage episode 442664518 series 3531694
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Join Tom and Ryan as they discuss the week ahead in Aussie and global markets.
US markets rose for the third consecutive week, with the Dow Jones closing at a record high, driven by a strong performance in energy stocks. In corporate news, US retailer Costco dropped nearly 2% following weaker earnings. Oil prices increased on Friday as investors weighed Chinese stimulus measures against rising Middle Eastern supply. Chinese interest rate cuts also boosted iron ore prices. Meanwhile, the ASX 200 is expected to open higher on Monday, ahead of key Chinese manufacturing data and earnings reports from Liontown Resources.
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