Morning,Markets doing well, up nicely, must have been happy with...

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/gazprom-plunges-to-first-annual-loss-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.