Gillian Bowen
๐ค SpeakerAppearances Over Time
Podcast Appearances
but also weak economic data outweighed upbeat corporate results.
Let's go through it.
Nestle shares jumped almost 6% after the world's biggest packaged food company said it had seen, quote, very little impact from the Iran war so far.
Nokia surged 6.4% after the network gear maker raised growth targets for its AI business and beat first quarter profit estimates.
L'Oreal shares jumped 9%, recording its biggest one-day gain since 2008 after the French cosmetic group posted first-quarter sales that beat analysts' expectations.
Roche shares rose 3.8%, despite the Swiss drugmaker flagging a drop in first-quarter sales due to foreign exchange impact.
On the economic front, as I alluded to, business activity in the Eurozone suffered a surprise contraction in April with the Iran war sapping demand as prices soared.
So onto the watch list as we round out the week.
Besides watching war developments in Australia, there'll be quarterly updates from Insignia Financial, PLS and IGO.
In the US, there are first quarter earnings reports today from Norfolk Southern and Procter & Gamble.
And the University of Michigan's Consumer Sentiment Survey for April will also be released.
It's time for our one more thing.
Before we go, James, what are you rounding out the week on?
Okay.
All right.
So that's something to ponder then, but I've also got one more thing to keep it interesting.
It's logistical.
It's admin.
Monday is an additional public holiday, Forensic Day, for New South Wales, the ACT and WA, but the ASX is open.
So we'll be here bringing you our usual content.