Morning,
Markets doing well, up nicely, must have been happy with Powell's dovish talk.
Aussie traders have pushed out rate cuts here until after the next election which i suppose is good news for Dutton.
Victoria seems to be running a $33 million a day interest bill by 2027 with net debt of nearly $250 billion!
Is that enough State debt? Seems a lot to me. article in the a fr.
US productivity down a bit, won't help interest rates cuts imo. Labor costs up 4.7% aswell.
U up again. Bitcoin in the high 50k's, Gold back to 2300, oil not doing much last night.
Gazprom makes a loss of 629 billion rubles, compared to 1.2 trillion profit last year, first loss in 20yrs.
https://www.cnbc.com/2024/05/02/gaz...ss-in-20-years-as-trade-with-europe-hit-.html
Apple announces a $110 billion buy back and earnings after the close, phone sales down 10%.
Shares are up on the news.
https://www.cnbc.com/2024/05/02/apple-aapl-earnings-report-q2-2024.html
NAB also doing a buyback i think, 1.4% or something.
Bank of Japan has been intervening in it's currency market i think.
Fun Friday today, lets hope we all do well.
No blue sky here, plenty of cloud, about 18C, maybe some light showers sometime.
