ASX hits a nine week high as oil prices tumble to three month low
SBS News In DepthPlay episode
Show notes
The Australian sharemarket climbed to a nine-week high despite weakness in energy stocks as falling oil prices weighed on the sector, while BHP and Macquarie reached record levels and ARN Media surged after settling a legal dispute. Ricardo Goncalves speaks with Cameron Gleeson, Senior Investment Analyst at Betashares, about the market moves, Wall Street’s latest record close and SpaceX’s continued momentum. Plus, Stephanie Youssef speaks with CommBank Head of Australian Economics Belinda Allen about a rebound in recreation and hospitality spending, what it reveals about consumer confidence, and what it could mean for the next move in interest rates.
