AUD plunges despite mixed jobs report
Australia’s May employment report was widely declared a stinker, but looked mixed at worst from where we sit. Nonetheless, AUD is probing lower as RBA cut expectations rise anew. Sterling is marginally lower as Boris Johnson seen as heir apparent.
Musk comes out swinging at Tesla shareholder meeting
Tesla shares have rebounded solidly after hitting a three-year low on June 3, with yesterday’s session closing at $217.10/share into the company’s 2019 shareholders meeting. CEO Elon Musk took an ultra-bullish stance at the meeting, but remained vague on several key questions.
GM shares in focus on extreme weekend headline risk
Shares of General Motors, the US' most Mexico-reliant automaker, rebounded this week as high-level talks on migration barriers met with a degree of receptiveness in Washington, but the headline risk over the weekend is extreme given the scale of the rebound and President Trump's volatile style.
Please read our disclaimers:
- Notification on Non-Independent Investment Research (https://www.home.saxo/legal/niird/notification)
- Full disclaimer (https://www.home.saxo/en-gb/legal/disclaimer/saxo-disclaimer)