To close out the week, revisit the key points of the markets, covering iron ore, inflation and interest rates.
Monday saw a macro update from Tom Lee, Head of Research at Fundstrat Global Advisers and FS Insights. More jobs have been created than expected (hot), but hourly wage increased benign (not). The key to note will be this week’s US CPI data out on Wednesday, expecting +0.3% for March – stay tuned.
Source: Fundstrat Global Advisers
Tuesday morning was coverage on iron ore prices and BHP. Key points included Iron Ore price rising over night – back over $100 to $106 USD per ton. BHP and Rio fared better also.
Source: MST Financial
Wednesday and Thursday the focus was on the US CPI data, with mid-Week Insight from Tom Lee, Head of Research at Fundstrat Global Advisors and FS Insight.
The bulls can write-off much of the surprise increase in US CPI down to a timing issue. Higher frequency data for used cars and rent suggests there is further downside for inflation ahead.
Source: Fundstrat Global Advisers
Friday has seen the AFR highlight the key discussion on BHP and dividends, with commentary from Siobhan Blewitt, Founder & CEO, Frais Capital. Siobhan highlights the endurance of BHP through the years, with popularity of the share being intergenerational.
To read more on portfolio advisory, wealth management strategies and further finance and market updates, go to fraiscapital.com.
To hear the daily market update, tune into ABC Breakfast Radio, 774AM weekdays to hear Siobhan Blewitt share the market changes and updates.
