Good Morning,
Happy Friday…..
It has been a good week for us here @ PEAK and today, we move to our new PEAK Headquarters @ Level 39, 55 Collins Street.
We have a beautiful boardroom overlooking the MCG, so get set for a PEAK Wine & Cheese night, over coming weeks…..
Stay tuned…
Last night, US stocks edged higher (Dow + 48 points), as another positive day for healthcare shares countered declines in tech and energy names and investors girded for the payrolls report on Friday.
Investors are evaluating economic data to determine whether the Federal Reserve will hike interest rates as soon as its June 14-15 meeting.
Data on Thursday showed US private employers increased hiring in May and new applications for jobless benefits fell last week, further boosting the economic outlook for the second quarter.
Tonight, we have the “all important” US payroll figures……………
So if the figures are better than expected, do we expect Janet Yellen to raise interest rates next month?
You bet!
The impact?
Global markets have largely priced this in already, however, we see a higher USD negative for commodities and gold……..
What's on today?
Local: 9.30am AIG Performance of Manufacturing Index
Overseas: 11.45am Caixin China PMI Services; 11.45am Caixin China PMI Composite; US Trade Balance; US Nonfarm Payrolls; US Unemployment Rate; Labour Force Participation Rate; Markit US Services PMI; Markit US Composite PMI
The SPI is up 33 points this morning.
By Niv Dagan
