Audinate Group Limited reported 1H25 earnings that exceeded market expectations, particularly in terms of EPS (-$0.02 vs. -$0.12 expected). However, the company remains in a transitional phase, dealing with ongoing inventory overhang from OEM customers while seeing promising growth in software revenues and product mix shifts.
Stock closed just shy of record Friday as data pointing to weakness in the consumer and ongoing inflation concerns weighed upside momentum
Australian shares experienced an early boost but were trimmed by midday as profit-taking in Commonwealth Bank shares slowed gains. The index, which had risen as much as 0.8%, was up 0.3% at 8,567 points, while the All Ordinaries Index climbed 0.4%.
“Bulls vs Bears,” provides a comprehensive overview of current market trends, economic developments.
Anticipating next week’s company earnings and economic figures.
BHP WES FMG TLS JHX
Stay informed on the latest financial updates and trends with MPC Markets
Stock closed higher overnight after President Donald Trump signed an order to explore reciprocal tariffs on U.S. trading partners, but stopped of implementing the measures immediately as some had feared.
Stocks ended down overnight after a hotter-than-expected U.S. inflation reading added to worries that the Federal Reserve would not cut interest rates anytime soon, while CVS Health and Gilead Sciences rallied after upbeat quarterly reports.
Balanced/income – ADD CSL Limited CSL:ASX
Stocks were heavy overnight after Federal Reserve Chairman Jerome Powell said the Fed doesn’t need to be hurry to cut rates again at a time when many are concerned that President Donald Trump’s tariffs could fuel inflation.
Earnings update for Macquarie group MQG:ASX
Stocks bounced overnight, driven by the technology, commodities and energy sectors as gold reached a new record high and Elon Musk launched a $95B bid for OpenAI
Wall Street ended sharply lower and benchmark Treasury yields jumped on Friday in the wake of a mixed U.S. payrolls report, weak consumer sentiment data and revived trade war jitters.
