Monday Market Highlights: 6 May 2024

In this week’s Monday Market Highlights, Investment Analyst Jerram Lindsay discusses last week’s economic data release, with most numbers coming in softer than expected. He covers the low consumer confidence reading, an ISM manufacturing survey, and reports on the US job market and labour productivity. Closer to home, Jerram looks into Australian retail sales which declined – underlying retail spending is now the weakest 6-month period the ASB has on record outside of the pandemic. In equity news, he covers the tail end of the US Q1 reporting season including Amazon and Apple. And finally he looks into Woolworths and Coles.   This podcast 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 reliable indicator of future performance. Milford is an active fund manager with views and portfolio positions subject to change.