Super funds recover March fall as middle east war impacts company earnings
The Australian sharemarket slipped 1.1 per cent, yet remains within reach of a record high, continuing its recovery from March’s downturn as super funds rebound and long-term gains hold steady. In this episode of SBS On the Money, Ricardo Gonçalves unpacks the day’s biggest moves, including Cochlear’s dramatic 40 per cent fall to a 10-year low after a profit warning tied to weak US consumer confidence and global uncertainty. Portfolio manager James Gerrish from Market Partners joins the conversation to discuss whether other companies will also be hit by the war in the Middle-East.
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