Markets wrap: ASX poised to rise ahead of wage price index; Seven West Media, News Corp report revenue boost

August 17, 2022 10:19

Reporting season continues to reveal strong organic growth in most media holding companies. Tomorrow’s release of the quarterly wage price index has Australian shares poised to rise on the ASX today.

It was a mixed session for key US stock indices as the Dow Jones and S&P500 both gained. However, a late sell-off in tech stocks saw the Nasdaq close in the red. The ASX 200 closed at 41 points higher at 7105, extending its rally.

Subscribe to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Seja Al Zaidi

Seja Al Zaidi was Mumbrella’s finance reporter, spearheading the publication’s coverage on the financials of advertising, marketing and media sectors.

Topics