Market Close 30 Aug 24: A flat end to a turbulent month

The Aussie market closed flat, but is likely to end August with a slight decline. Reporting season was mixed, with notable movements like Downer rising 17% after a strong profit report and Appen plunging 16% after losing key contracts. Retail spending was flat in July, aligning with higher costs of living. Looking ahead, key US inflation data and Australian economic growth updates will shape next week’s market focus. 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.