Masterclass, Global Markets

Monday Market Highlights: 3 June 2024

June 4, 2024

Kate Power Investment Analyst

In this week’s Monday Market Highlights, Investment Analyst Kate Power discusses the US PCE index, Australian retail sales which rose by 1.2% year-on-year, Australian CPI, and the NZ 2024 budget – which confirmed a weaker fiscal outlook than predicted in December. In equity news Kate covers BHP’s confirmation it is not intending to make a new firm offer for Anglo American. She also looks into Lendlease, New Zealand Aluminium Smelters’ 20-year electricity arrangements – including contracts with Meridian Energy, Contact Energy and Mercury NZ. Finally, Kate covers Salesforce’s recent quarter which included shortfalls in revenue and margins.

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Disclaimer: Milford is an active manager with views and portfolio positions subject to change. This blog is intended to provide general information only. It does not take into account your investment needs or personal circumstances. It is not intended to be viewed as investment or financial advice. Should you require financial advice you should always speak to a Financial Adviser. Past performance is not a guarantee of future performance.