PM 11 May 26: CSL slumps to near 10-year low

Australian shares retreated for a 12th time in 15 days as US-Iran tensions overshadow strong US jobs data. Healthcare stocks fell sharply, dragged down by CSL's significant downgrade and impairment charges. Energy gained on oil price support, while Metcash and Dyno Nobel impressed with solid updates. The federal budget and Fed chair vote loom this 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.