Wake Up Call: Budget goodwill and skyrocketing markets

Tue, 11 May 2021

Summary: Happy B-Day to our neighbours. It’s Budget Day in Australia with the 120th Budget delivering presents to soften up voters for an expected spring 2021 election. Markets overseas are rocketing on the back of high iron ore and copper prices as well as disappointing job figures in the US that signal interest rates will remain low. That contrasts with New Zealand’s NZX, pulled down by a profit downgrade from A2 Milk, which is still big enough to affect the wider market.Budget goodwill Today’s 120th Budget in Aust...

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