Weekly Wrap 5 May

Market wraps 5th May 2023

Read the video transcript here.

The Aussie share market declined this week, falling 1.6% (Mon-Thu), with only the utilities sector making gains. Financials and energy weighed down on the market the most. Also contributing to the market's decline were interest rate hike announcements in some of the key markets around the world.

In this week's wrap, Sophia covers:

(0:22) The RBA's unexpected announcement
(1:14) What happened to banking stocks this week
(1:51) The impact of recent moves by the Federal Reserve
(4:21) The best performing stocks in the ASX200
(4:43) The most traded stocks & ETFs by Bell Direct clients
(5:23) Five economic news items to watch out for