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Weekly Wrap 16 May
Investor optimism fuelled a strong start to the week following the announcement of a temporary 90-day trade agreement between the US and China. This positive sentiment propelled the ASX200 up 1.3% so far this week (Monday to Thursday), with gains in technology stocks overshadowing declines in the utilities, staples, and REIT sectors.
In this week’s wrap, Grady covers:
- (0:36): the latest update on US – China trade
- (1:41): wage price growth & jobs data out this week
- (3:13): the rally in Xero, Aristocrat Leisure, GrainCorp & Life360
- (4:45): how the ASX200 performed this week so far
- (5:24): the most traded stocks & ETFs by Bell Direct clients
- (5:51): economic news items to watch out for.
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