Monday Market Highlights: 22 July 2024

In this weeks Monday Market Highlights, Dealer Brendan Larsen discusses the recent market rotation away from mega cap technology companies to smaller, value areas of the US share market. He also looks into the US retail sales report that eased concerns of an abrupt loss of momentum in consumer spending, as well as inflation, employment and spending data out of the UK that was mixed. In Trans-Tasman data, Brendan discusses last weeks seconds quarter inflation numbers in New Zealand, as well as labour market data in Australia.

 

In equity news, Brendan covers the Commerce Commission’s draft review of Auckland Airport pricing, a trading update of retailer Universal Store, and gold miner Evolution’s quarterly.