Morning Report 12 Aug 24: Aussie shares to start the week firmly higher

CommSec Market Update

Wall Street ended last week with a slight gain after a volatile week, and Aussie shares are expected to recover some of last week's losses. The S&P 500 dipped slightly but was able to stabilize after a significant drop earlier in the week. The upcoming week will provide important economic data, including the US consumer price index, retail spending, and Australian jobs and wages data. Markets are closely monitoring for signs of inflation and potential interest rate cuts, as uncertainty and volatility persist.

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