LA Private

April 2024

April market recap

For markets, April was like a famous quote from Charles Dickens’ A Tale of Two Cities – “it was the best of times, it was the worst of times” – starting with promise, running up, and then taking a crunching in the final days of the month. Gold saw an absolute whacking on Tuesday as

April market recap Read More »

Hot wages data weighs on US markets; Amazon profit more than triples

US stocks tumbled overnight to close out a losing month after higher-than-expected wage data raised new inflation concerns ahead of the Federal Reserve’s rate decision on Wednesday. The Labor Department has stated that the employment cost index, a measure of wages and benefits, grew 1.2 per cent in the first quarter of the year, above

Hot wages data weighs on US markets; Amazon profit more than triples Read More »

Turmoil at Bapcor as CEO quits

In an ominous sign, shares in the auto products group Bapcor (ASX:BAP) were halted on Tuesday ahead of a trading update, which is expected to outline sliding sales and profits. Simultaneously, the company’s incoming CEO, Paul Dumbrell, is no longer incoming, quitting two days before assuming the role at the company that owns the well-known

Turmoil at Bapcor as CEO quits Read More »

China’s economy expands in April

As suspected by foreign economists, activity across the Chinese economy expanded in April, though at a slower rate than seen in March’s rebound. The official Manufacturing survey slowed to a still positive expansion rate of 50.4 in April from March’s 12-month high of 50.8. The reading was slightly stronger than market forecasts of 50.3. Data

China’s economy expands in April Read More »