CommSec Market Update

Morning Report 29 Apr 24: Aussie shares set to rebound after Wall Street's strongest week since November

04.28.2024 - By CommSecPlay

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Aussie shares are anticipated to make a comeback after Friday's turmoil according to Ryan and Craig, buoyed by Wall Street's stellar performance, which marked its best week since November. The investment in AI and cloud computing seems to be paying off with gains from Microsoft, Amazon and Nividia, albeit Apple experienced a decline. The US central bank is due to meet again, with analysts expecting rates to hold steady, echoing the concerns that inflation is here to stay until at least September. 

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