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Weekly Wrap 28 July

Grady Wulff
July 28, 2023

The release of economic data around the world was the key driver of market movements this week in addition to speculation around China’s support policy announcement and investors responding to earnings season results. The Aussie share market rose 1.94% this week (Mon-Thu) with every sector posting a modest gain led by the Communication Services sector jumping 3.46%, while energy added 3.42% and REIT stocks felt some much-needed relief, lifting 3.32%.

In this week’s wrap, Grady covers:

  • (0:10) The release of economic data around the world
  • (0:22) Two key reasons big miners stole the show locally
  • (1:31) Updates on Rio Tinto (ASX:RIO) & Fortescue Metals Group (ASX:FMG)
  • (4:33) Best performing stocks in the ASX200
  • (5:39) The most traded stocks & ETFs by Bell Direct clients
  • (6:14) Three economic news items to watch out for

Read the transcript article here. 

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