5 JUN 2023 - Monday Market Highlights
Ensombl Advice Australia
00:00
The Monday Market Highlights Podcast
Global share markets posted solid gains again last week led by Meagakat US Tech stocks. Market breadth, a measure that looks at the number of stocks in index that are rising versus falling, is at record lows. The leading tech favourites, Microsoft, Apple, Alphabet, Meta, Amazon, Tesla and Nvidia are up a whopping 52% year today compared to the S&P 500 which is only up 10%. Turning to Australia, we had a number of key pieces of economic data out last week that will influence what the RBA does tomorrow.
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