PM 01 May 26: ASX snaps 8-day losing streak

The ASX200 bounced back from three-week lows today with its best day in weeks, but we're still down 0.65% for the third weekly decline. Meanwhile, Wall Street's had a great month, the S&P 500 posting its best performance since 2020. What's on everyone's radar now: the RBA rate decision, bank earnings, and the US jobs report, all against the backdrop of Middle East tensions. 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.