US sharemarkets rebounded on Thursday, following a sharp sell-off in the previous session. Boeing shares jumped by 7.5% after China cleared the 737 Max aircraft to fly. Delta Air Lines shares gained 9.3%. Shares of payments processors Visa (+4.3%), Mastercard (+4.5%) and American Express (+4.5%) all climbed. Retailer Kroger (+11%) raised its full-year sales and profit forecasts. But Apple shares fell by 0.6% on reports of a slowing in iPhone 13 demand. The Dow Jones index closed higher by 618 points or 1.8%. The S&P 500 index lifted by 1.4%. And the Nasdaq index added 127 points or 0.8%. European sharemarkets shed more than 1% on Thursday as countries ramped up restrictions to curb the spread of the Omicron virus variant. The pan-European STOXX 600 index fell by 1.2% with travel and leisure stocks down 2.6%. The German Dax index lost 1.4% and the UK FTSE index dipped 0.6%. In London trade, shares in Rio Tinto rose by 0.6% and BHP shares lifted 1.2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Market Close 31 Aug 22: Sluggish end to August
Executive Series 24 Aug 22: GQG Partners (GQG) CEO, Tim Carver
Morning Report 31 Aug 22: US sharemarkets fell for a third straight session on Tuesday
Fortescue Metals (FMG) Full Year Result 30 Aug 2022: Profit and dividend decline
The a2 Milk Company (A2M) FY22 result 30 Aug 22: China sales lift
Market Close 30 Aug 22: ASX 200 bounces back from Monday’s slump
Morning Report 30 Aug 22: US sharemarkets fell on Monday
Market Close 29 Aug 22: Largest fall in 2 months for ASX 200
Morning Report 29 Aug 22: US sharemarkets slumped on Friday
Zip Co Full Year Result 26 Aug 22: Costs & bad debts rise
Market Close 26 Aug 22: ASX 200 lifts for a third day
Morning Report 26 Aug 22: US sharemarkets advanced on Thursday
Market Close 25 Aug 22: ASX 200 lifts for a second day
Executive Series 23 Aug 22: Transurban Group (TCL) CEO, Scott Charlton
Qantas Full Year Result 25 Aug 22: Covid recovery continues
Morning Report 25 Aug 22: US sharemarkets rose on Wednesday
Market Close 24 Aug 22: First gain of the week
Morning Report 24 Aug 22: US sharemarkets were weaker on Tuesday
Market Close 23 Aug 22: Biggest tumble in over 7 weeks
Pilbara Mineral’s Full Year Result 23 Aug 22: Lithium demand leads to inaugural profit
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