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.
Morning Report 12 Jan 23: US sharemarkets were higher on Wednesday
Market Close 11 Jan 23: ASX 200 surged by 0.9%
Morning Report 11 Jan 23: ASX set for a positive start
Market Close 10 Jan 23: ASX 200 snaps 4-day winning streak
Morning Report 10 Jan 23: US sharemarkets were mixed on Monday
Market Close 9 Jan 23: ASX 200 lifts for 4th day
Morning Report 9 Jan 23: US sharemarkets rose on Friday
Morning Report 22 Dec 22: US sharemarkets advanced on Wednesday
Morning Report 21 Dec 22: US sharemarkets snapped a four day losing streak on Tuesday
Morning Report 20 Dec 22: US sharemarkets fell for a fourth straight session on Monday
Morning Report 19 Nov 22: US sharemarkets dropped for a third straight session on Friday
Market Close 16 Dec 22: ASX 200 slides for 2nd day
Factors that could impact the Aussie sharemarket over 2023
Morning Report 16 Nov 22: US sharemarkets fell sharply on Thursday
Market Close 15 Dec 22: ASX 200 snaps 2-day winning streak
Morning Report 15 Dec 22: US sharemarkets fell on Wednesday
Executive Series 12 Dec 22: Coolabah Capital Investments
Market Close 14 Dec 22: ASX 200 lifts for 2nd straight day
Morning Report 14 Dec 22: US sharemarkets climbed on Tuesday
Market Close 13 Dec 22: ASX 200 climbs ~0.3%
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