Monday Market Highlights: 6 November 2023

In this week’s Monday Market Highlights, Milford Dealer Brendan Larsen discusses the fundamental factors that helped drive the rally in bonds last week, including a weak ISM report, less longer-dated US Treasury supply, and a soft non-farm payrolls report. He also discusses the weaker third quarter employment report in New Zealand, and stronger Australian retail sales that potentially add to the case for a hike from the RBA this week. In equity news, Brendan discusses how Brookfield and EIG’s bid for Origin Energy is hanging on by a thread, as well as Neuren’s strong royalty revenue and Internal Diagnostics weak first quarter update.

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.