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Weekly Wrap 27 August
Aussie investor sentiment dampened as COVID-19 cases hit new highs and weaker than expected economic data was released. Meanwhile, global markets brace for big change, with the US Federal Reserve to potentially scale back support.
In this week’s wrap, Jessica covers:
- (0:53) The Aussie share market bracing for another pullback
- (2:05) Investors buying into growth sectors while selling defensive sectors
- (2:34) WiseTech (ASX:WTC) soaring over 30% on positive financial results and signing FedEx as a client
- (3:12) Travel stocks flying higher as Australia’s borders are set to open in December
- (4:58) Two company reports to watch next week
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