Laura Bessarati
๐ค SpeakerAppearances Over Time
Podcast Appearances
So it downgraded earnings expectations for the year, saying they no longer expect growth at the top end of its guidance range.
Apart from that, its food sales did lift by nearly 6% over the quarter and sales have been strong today.
in the 13 weeks through to early April.
But still, you know, them flagging the impacts of the Middle East has sent its share price plunging today.
Coles, its rival, is also down around 3.6% today, probably because, you know, they're set to report results tomorrow.
And I guess investors are just bracing for potentially a similar outcome.
Shares of mining giant South32 have also had a rough day, plunging 5.5%.
This is after the company warned of a blowout at its flagship zinc, lead and silver project in the United States.
Now, CapEx has increased by US$1.1 billion to US$3.3 billion, which is almost double the CapEx when the project was initially approved.
It blamed factors such as higher tariffs, inflation and higher input costs.
All right, looking ahead tomorrow morning, we get results out from Apple.
That's the last of the magnificent seven for now.
We have Nvidia about a month later.
They're always late to the party.
We have US inflation data out tonight as well.
This is the Fed's preferred measure, the PCE deflator.
We have some other interest rate decisions tonight, including the
ECB and the Bank of England or the European Central Bank, I should say, for those that aren't across that.
And then tomorrow, some results.
We have ANZ's half-year results, but also some more quarterly results out as well from the likes of Liontown and ResMed.