ASX Climbs Higher as Qantas Surges While Harvey Norman Experiences a Decline
Thursday, 29 August 2024, 12:17
ASX Climbs Higher Amid Positive News
The ASX climbs higher this week, bolstered by Qantas' impressive gains as travel demand shows resilience. In contrast, Harvey Norman faces challenges from evolving consumer preferences, leading to a downturn.
Key Economic Data on the Horizon
- July Inflation Data: Released by the US government, it's expected to impact global markets.
- Market Responses: European markets show an upward trend, reflecting investor optimism.
Implications for Investors
As the ASX climbs, traders should monitor economic indicators closely. Anticipating market reactions to inflation data will be critical for investment strategies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.