Market Close 13 Dec 24: Aussie market hits one-month low

The Aussie market faced a downturn this week, dropping for four consecutive sessions and reaching a one-month low, despite hitting record highs just last week. The Reserve Bank of Australia’s dovish tone signalled potential rate cuts in early 2025, while unexpected jobs data added complexity to rate predictions. Chinese stimulus hopes buoyed materials stocks early in the week, but declines in most sectors, led by tech and gold miners, overshadowed gains. Key market movers included Insignia Financial, buoyed by a Bain Capital buyout offer, and Ventia Services, which faced sharp losses. Looking ahead, investors will focus on AGMs, economic data from China, and the U.S. Federal Reserve’s pivotal interest rate decision   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.