Weekly Wrap 6 October

Market wraps 6th October 2023

With the prospect of a US government shutdown earlier in the week causing a sell-off on Wall St, and subsequently, global markets, the last-minute stopgap bill passing by Congress slightly eased investor sentiment. The merry-go-round in the US keeps turning.

Also, this week, the RBA held the nation’s cash rate at 4.1% for a fourth straight month.

In this week's wrap, Grady covers:

(0:09) fears surrounding US government shutdown,
(1:03) the argument in Congress,
(2:04) the consensus of ‘higher for longer’,
(3:23) the risk of inflation remaining sticky globally,
(4:33) the best performing stocks in the ASX200,
(5:20) the most traded stocks & ETFs by Bell Direct clients, and
(5:53) five economic news items to watch out for.

Read article transcript here.