Weekly Wrap 19 January

Market wraps 19th January 2024

This week’s market saw the fluctuation of commodity prices, the release of anticipated economic data, and a notable surge in uranium reaching unprecedented highs. The ASX200 declined 2% (Mon – Thurs), with all 11 industry sectors in the red. Materials and real estate posted the largest losses, while Boss Energy (ASX:BOE) was the best performing stock.

In this week’s wrap, Sophia covers:

(0:20): why the energy sector retreated this week
(1:46): the fall in natural gas and iron ore prices
(2:29): what’s behind the uranium rally
(3:04): the latest unemployment rate data
(3:51): the best performing stocks on the ASX200
(4:30): the most traded stocks & ETFs by Bell Direct clients
(5:04): economic data to watch next week.

Read the transcript here