Morning Report 30 Sep 24: US investors celebrate inflation figures as Dow hits new record high

Join Tom and Ryan as they discuss the week ahead in Aussie and global markets.US markets rose for the third consecutive week, with the Dow Jones closing at a record high, driven by a strong performance in energy stocks. In corporate news, US retailer Costco dropped nearly 2% following weaker earnings. Oil prices increased on Friday as investors weighed Chinese stimulus measures against rising Middle Eastern supply. Chinese interest rate cuts also boosted iron ore prices. Meanwhile, the ASX 200 is expected to open higher on Monday, ahead of key Chinese manufacturing data and earnings reports from Liontown Resources. 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.