Laura Bessarati
๐ค SpeakerAppearances Over Time
Podcast Appearances
lows around its worst level since the series began in 1973, of course, with all of the volatility and uncertainty around the world.
The slight lift, though, seemed to be driven by stronger confidence in economic conditions.
But look, overall sentiment is still very low.
Domino's Pizza has been among the worst performers today.
In fact, it's the second worst, falling by almost 11%.
And this is after its US counterpart reported first quarter earnings overnight that missed expectations.
Now, its forecast also missed the mark as consumer sentiment was dented by the conflict in the Middle East.
And that's really added to inflation worries and prompted a pullback in discretionary spending.
Now, the fall in its Aussie listing is quite interesting considering they're separately listed companies with different shareholders, but it seems that same sentiment has fed into the local market and weighed on the Aussie listing today.
I also wanted to quickly talk about a lithium stock on the Aussie market called European Lithium.
because its share price has soared 50% today.
And this is after being up as much as 63% earlier on.
That follows news that Critical Metals, a US-listed critical mineral mining company, has agreed to buy the ASX-listed company for about $995 million Aussie dollars.
That's 58 cents per share.
And that's a significant premium based on its recent trading because it's about 137% higher than its last closing price.
So that's why we've seen its share price jump today.
Looks like we're going to get a very small move when the US market opens up tonight.
We also get a read on consumer confidence, but tomorrow locally, all eyes are going to be on that quarterly inflation report.
And remember, this is also the March monthly read, which is the first time we'll see how the conflict has impacted the Aussie economy and inflation as well.
A listener production.