This week, mega-cap earnings disappoint as investors ask “where’s the revenue”, US economy starts to show cracks and middle east conflict flares up (again)
The Australian sharemarket extended its gains for the sixth consecutive session, driven by broad-based optimism as investors increased their bets on potential interest rate cuts by central banks later this year. Wall Street’s overnight rally, spurred by stronger-than-expected US retail sales data, added to the positive sentiment. The S&P/ASX 200 climbed 1.3% to 7966 points, with the materials sector rebounding 2.1%.
BUY 6% Telix Pharma
Stocks closed higher for the sixth straight session Thursday, as fears of an economic slowdown were dispelled following stronger-than-expected labor market and retail sales data.
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