AM Report 7 May 18: Strong jobs in the States with no sigh on wage pressure lifts markets.

US sharemarkets rose by more than 1% on Friday as weaker than-expected wages growth eased investor concerns about inflation. Apple shares (+3.9%) hit an all-time record of US$184.25 after Warren Buffett's Berkshire Hathaway revealed that it had purchased 75 million shares in the iPhone maker during the March quarter.  The Dow Jones rose by 332 points or 1.4%. The S&P 500 index rose by 1.3% and the Nasdaq index lifted by over 121 points

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