AM 24 Jul 26: Oil tops $100 as share markets sink

The Australian share market is poised to open lower after global markets tumbled on disappointing earnings from major tech companies and escalating Middle East tensions, which pushed oil prices above US$100 a barrel. The S&P 500 posted its worst day in a month, while yesterday's stronger-than-expected Australian jobs data reignited rate hike concerns. Plus, a closer look at why Australia remains one of the world's richest countries. Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers. Check out our Market News page Follow us on:InstagramLinkedInYouTubeTikTok The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.