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Weekly Wrap 6 October
With the prospect of a US government shutdown earlier in the week causing a sell-off on Wall St, and subsequently, global markets, the last-minute stopgap bill passing by Congress slightly eased investor sentiment. The merry-go-round in the US keeps turning.
Also, this week, the RBA held the nation’s cash rate at 4.1% for a fourth straight month.
In this week’s wrap, Grady covers:
- (0:09) fears surrounding US government shutdown,
- (1:03) the argument in Congress,
- (2:04) the consensus of ‘higher for longer’,
- (3:23) the risk of inflation remaining sticky globally,
- (4:33) the best performing stocks in the ASX200,
- (5:20) the most traded stocks & ETFs by Bell Direct clients, and
- (5:53) five economic news items to watch out for.
Read article transcript here.
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