The Sectoral Pulse || Why Are The Oil Prices Volatile In May?

Hi, you are watching Kalkine TV live from Sydney. This is The Sectorial Pulse show by Kalkine TV – a special show covering all sectoral movements from the markets for the day.

• Among the stocks in news, we have Fisher & Paykel which is down by 8.6 per cent after withholding guidance following a bumper full year result. 

• Costa is the worst percentage performer by a wide margin, with the fruit grower slumping 23 per cent after updating shareholders on profit trends.

• AMP is up 3.8 per cent and Champion Iron is higher by 3.5 per cent.

• China’s industrial firms with annual revenue in excess of 20 million yuan rose 57 per cent year-on-year in April to 768.63 yuan billion.

• Reserve Bank of Australia (RBA) which is expected to reiterate that no tightening is likely before 2024 at its June policy meeting next week.

• Acting Premier James Merlino has announced Victoria will be entering a seven-day lockdown from 11.59pm tonight that is Thursday 27 May, until 11.59pm, Thursday 3rd of June.

•  Crowds have been banned from sporting events and people ordered to stay home except for work, exercise, shopping for essentials, providing care and getting vaccinated.

• Bernard Arnault, Chairman and CEO of LVMH, has an estimated net worth of US$186.3 billion, while Jeff Bezos is worth US$186 billion and Elon Musk is worth US$147.3 billion.





Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK