Market wraps 24th April 2026
Weekly Wrap 24 April
Market volatility is back on the radar this week as geopolitical tensions drive oil prices higher and keep global investors on edge. While the Wall Street had a strong month driven by the AI sector, the local market is facing a more challenging period, headlined by downgrades across the banks and by the biggest story this week in Cochlear’s (ASX:COH) over 40% decline.
In this week's wrap, Sophia and Will cover:
- the impact of rising crude oil prices and stalled peace talks on global investor sentiment
- why the ASX is lagging behind the AI-driven rally seen in US markets
- a look at the recent performance of the energy and financial sectors in Australia
- Cochlear's (ASX:COH) 40% tumble what it means for long-term shareholders.
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