Market Close 28 Apr 26: Longest losing streak since 2022

The local market fell for a sixth straight session, sliding 0.7% to a three-week low. This marks the longest losing streak for the index in nearly four years. Stalled peace talks pushed oil toward 110 USD - double its price since January. Monthly gains have now halved to 2.7% as the market braces for tomorrow's high-stakes inflation data. Energy stocks rose 1.2%, but the broader market was a "sea of red." Domino’s Pizza cratered 11% following a weak US update, while European Lithium skyrocketed 50% on a $1 billion takeover bid. All eyes are now on tomorrow's CPI print, with markets pricing in a likley chance of an RBA rate hike next week. Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean. 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.