Morning Report 18 May 23: US markets lift in hopes of debt ceiling agreement

Morning Report 18 May 23: US markets lift in hopes of debt ceiling agreement

CommSec Market Update
11 min
May 17, 2023
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About the episode

U.S Regional Banks show strong recovery in biggest one day gain since January 2021. Big Box retailers display resilience despite sluggish earnings expectations. Tesla shares rise overnight on encouraging outlook. U.S President Joe Biden has cancelled his Australian trip due to debt ceiling crisis talks. Plus this mornings AUD. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.