It was the second good week in a row for global sharemarkets, with many continuing to rebound from the weakness we saw in April. Markets still see interest rate cuts on the horizon, with some comforting Federal Reserve comments and a softer jobs report adding to hopes last week. This week, the US consumer will be in focus as the University of Michigan consumer survey is due for release. We'll also get the latest Fed Senior Loan Officer Opinion Survey (SLOOS) on credit conditions, while monetary policy decisions are due in Australia and the UK. The US quarterly reporting season is about 80% complete, but some of the highlights this week will include BP, Disney, Ferrari, FMC Corporation and Nintendo. In New Zealand and Australia, earnings releases will be forthcoming from Infratil, Westpac and ANZ Bank.

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“What did the council decide on item 42?” — answered with the speaker and the moment.