Good Morning,
Trust that you had a nice weekend a, spent some quality time with family & friends and a great Mother’s Day…
“Dear Malcolm,
Yesterday wasn’t all about you…. It was about our hard-working mothers, who give back so much to their families and the economy, itself…
Couldn’t you have just waited for this morning to announce a 2 July Election?
Why the urgency?
You already came out with a “lacklustre budget”, announced last week that questions superannuation contributions and Australia’s economic growth…
We now need you to stop “sitting on the fence” and start delivering….
We really don’t want to have our 7th Prime Minister in 7 years…
It’s becoming too much…
Thanks,
The Peak Team”
On Friday night, US stocks rallied (Dow+ 97 points), as 160,000 new jobs were created last month vs. 200,000 expected ..
The weak growth numbers is a concern and to us, we don’t see interest rates rising in the US in the near-term…
So… What's on today?
Local data: NAB business confidence April, ANZ job ads April
Overseas data: BoJ March meeting minutes, Japan consumer confidence April; UK Halifax house prices April, Germany factory order March; US labour market index April
Fed speakers: Minneapolis boss Neel Kashkari, Chicago president Charles Evans
Earnings: Liberty Interactive, Tyson Foods, Xcel Energy, HCP, Silver Wheaton, Inter Pipeline, Sotheby's, Intrepid Potash, AES, Liberty Global, Enel, PostNL, Europcar Groupe
Stocks in focus
***CBA trading update, Orica results
The SPI is up 22 points this morning.
By Niv Dagan
