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RBA backing 'gradual and modest' rate cuts, ANZ chief economist Richard Yetsenga declares after Michele Bullock's speech
RBA backing 'gradual and modest' rate cuts, ANZ chief economist Richard Yetsenga declares after Michele Bullock's speech

Sky News AU

time24 minutes ago

  • Business
  • Sky News AU

RBA backing 'gradual and modest' rate cuts, ANZ chief economist Richard Yetsenga declares after Michele Bullock's speech

Aussie mortgage holders waiting for a flurry of interest rate cuts could have their hopes dashed after Reserve Bank of Australia governor Michele Bullock stood firm on the central bank's controversial rate hold. Ms Bullock addressed the annual Anika Foundation event on Thursday where she said the RBA had expected the unemployment rate to rise in June and noted inflation was declining alongside its forecast. "Last week brought us the latest labour market data, which confirmed that the unemployment rate increased in the June quarter," Ms Bullock said. "Some of the coverage of the latest data suggested this was a shock, but the outcome for the June quarter was in line with the forecast we released in May.' The Australian Bureau of Statistics revealed unemployment jumped 0.2 per cent to 4.3 per cent in June, exceeding market expectations and leading some to question the recent hold. ANZ chief economist Richard Yetsenga was in attendance, and said the RBA governor would likely deliver near term rate relief, but this would not be the start of a cutting spree. 'You would say almost certainly we'll get a cash rate cut next month,' Mr Yetsenga told Business Now on the sidelines of the event. 'But the tone of the speech today I think was consistent with easing still being pretty gradual and modest. 'The market's pricing three, nearly four rate cuts. I don't think the speech was consistent today with that many.' Ms Bullock backed in the rationale behind the central bank's shock rate hold, telling reporters the call came down to 'timing' of inflation data. 'We expect trimmed mean inflation to fall a little further in the June quarter in year-ended terms,' the RBA governor said. 'However, the monthly CPI Indicator data, which are volatile, suggest that the fall may not be quite as much as we forecast back in May. 'We still think it will show inflation declining slowly towards 2.5 per cent, but we are looking for data to support this expectation. 'Encouragingly, as inflation has slowed, the labour market has eased only gradually and the unemployment rate is relatively low.' Every major bank predicts the RBA will cut rates in August and forecasts at least one other cut this year. Westpac predicts the RBA will drop rates four times up until 2026, bringing the cash rate down a full per cent, while CBA and ANZ forecast the cash rate to drop to 3.35 per cent by November. NAB is tipping three more cuts to bring the cash rate down to 3.1 per cent by February. The RBA held the cash rate at 3.85 per cent in July after cutting twice since the beginning of the year.

Use Money Flows to Spot Outliers Like NVIDIA Early
Use Money Flows to Spot Outliers Like NVIDIA Early

Yahoo

timean hour ago

  • Business
  • Yahoo

Use Money Flows to Spot Outliers Like NVIDIA Early

NVDA is a global leader in computer graphics processors, chipsets, and related software, leading the world's AI push. It beat expectations with first-quarter fiscal 2026 earnings, reporting $44.1 billion in quarterly revenue and non-GAAP per-share earnings of $0.81. It's no wonder NVDA shares are up 24% so far this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock. Inflows Hitting NVIDIA Institutional volumes reveal plenty. In the last year, NVDA has enjoyed strong investor demand, which we believe to be institutional support. Each green bar signals unusually large volumes in NVDA shares. They reflect our proprietary inflow signal, pushing the stock higher: Plenty of technology names are under accumulation right now. But there's a powerful fundamental story happening with NVIDIA. NVIDIA Fundamental Analysis Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, NVDA has had strong sales and earnings growth: 3-year sales growth rate (+80.1%) 3-year EPS growth rate (+225.9%) Source: FactSet Also, EPS is estimated to ramp higher this year by +34.1%. Now it makes sense why the stock has been generating Big Money interest. NVDA has a track record of strong financial performance. Marrying great fundamentals with MoneyFlows software has found some big winning stocks over the long term. NVIDIA has been a top-rated stock at MoneyFlows for years. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis. It's up 64,948% since its first appearance on the rare Outlier 20 report in June 2000. The blue bars below show when NVDA was a top pick in the last five years, having gained 1,548% in that time…Big Money loves it: Tracking unusual volumes reveals the power of money flows. This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward. NVIDIA Price Prediction The NVDA action isn't new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio. Disclosure: the author holds no position in NVDA at the time of publication. If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level and follow our free weekly MoneyFlows insights. This article was originally posted on FX Empire More From FXEMPIRE: Some Gains for the Aussie Dollar After the RBA Unexpectedly Holds Why Nextracker Could Be the Next Big Money Outlier Identify Superstar Stocks Like American Superconductor Early France: Multi-year Budget Plan Supports Fiscal Outlook but Great Uncertainty Remains Use Money Flows to Spot Outliers Like NVIDIA Early SoFi Shares See Huge Bullish Signal, Could Rise More Sign in to access your portfolio

Identify Outliers Like Palantir with Money Flows
Identify Outliers Like Palantir with Money Flows

Yahoo

timean hour ago

  • Business
  • Yahoo

Identify Outliers Like Palantir with Money Flows

PLTR helps businesses and governmental organizations make sense of complex data with its AI-infused data analytics platform. PLTR's first-quarter fiscal 2025 earnings report showed total quarterly revenue of $884 million, $370 million in free cash flow, and adjusted per-share earnings of $0.13 for the quarter. It's no wonder PLTR shares are up 97% so far this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock. Palantir Becoming a Big Money Favorite Institutional volumes reveal plenty. In the last year, PLTR has enjoyed strong investor demand, which we believe to be institutional support. Each green bar signals unusually large volumes in PLTR shares. They reflect our proprietary inflow signal, pushing the stock higher: Plenty of technology names are under accumulation right now. But there's a powerful fundamental story happening with Palantir. Palantir Fundamental Analysis Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, PLTR has had strong sales and earnings growth: 3-year sales growth rate (+23%) 3-year EPS growth rate (+71.6%) Source: FactSet Also, EPS is estimated to ramp higher this year by +25.8%. Now it makes sense why the stock has been generating Big Money interest. PLTR has a track record of strong financial performance. Marrying great fundamentals with MoneyFlows software has found some big winning stocks over the long term. Palantir has become a top-rated stock at MoneyFlows. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis. It's up 521% since its first appearance on the rare Outlier 20 report in February 2024. The blue bars below show when PLTR was a top pick…rising with Big Money inflows: Tracking unusual volumes reveals the power of money flows. This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward. Palantir Price Prediction The PLTR action isn't new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio. Disclosure: the author holds no position in PLTR at the time of publication. If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level and follow our free weekly MoneyFlows insights. This article was originally posted on FX Empire More From FXEMPIRE: Buy Like Big Money: Bentley Systems Lifting Off Coinbase on Fire from Sustained Big Money Buys Some Gains for the Aussie Dollar After the RBA Unexpectedly Holds Navigating China's Economic Challenges: A Q&A with Scope Ratings' Dennis Shen S&P 500 and Nasdaq 100 Analysis: Golden Cross, Golden Opportunity France: Multi-year Budget Plan Supports Fiscal Outlook but Great Uncertainty Remains

Five women dragged off Qatar Airways flight & stripped searched after baby found in airport bin given green light to sue
Five women dragged off Qatar Airways flight & stripped searched after baby found in airport bin given green light to sue

The Irish Sun

time2 hours ago

  • The Irish Sun

Five women dragged off Qatar Airways flight & stripped searched after baby found in airport bin given green light to sue

FIVE women who were allegedly hauled off from a Qatar Airways flight by armed cops and strip-searched have won the right to sue the airline. They were among 3 CCTV shows authorities in Qatar holding a baby that was dumped in a toilet bin at Doha's Hamad Airport Credit: Nine 3 Dozens of women who were allegedly subjected to invasive examinations after a newborn baby was found abandoned Credit: Nine 3 Dozens of women were allegedly hauled off from a Qatar Airways flight by armed cops in 2020 (file picture) Credit: Getty - Contributor Qatari authorities are said to have pulled women off 10 planes in Doha in 2020 and forced them to take invasive gynaecological exams. They were hunting for the mother of the newborn found abandoned in an airport bathroom bin. Some women claimed they were made to take off their underwear and subjected to non-consensual gynaecological inspections by a nurse in ambulances on the tarmac. One passenger was forced to undergo a strip search while holding her five-month-old son, the lawsuit claims. Another, who is elderly and legally blind, was directed out of the aircraft but was not subject to a search. Five Aussie women caught up in the ordeal lodged legal action against The incident made headlines around the world and sparked outrage in Australia, straining diplomatic ties with Qatar. The group of women brought claims under the Montreal Convention, which covers airline liability, as well as negligence, assault and false imprisonment. Most read in The US Sun They sought damages for the impact on their mental health , including depression and post-traumatic stress disorder, stemming from the "unlawful physical contact". Federal Court Justice John Halley dismissed the claims against Qatar Airways last year. The initial court ruling said the woman had no reasonable prospect of success - and that Qatar's Civil Aviation Authority amounted to a foreign state immune from Australian law. But on Thursday, the full Federal Court overturned the ruling on Qatar Airways, saying the issue was too complex to be dismissed summarily. "Whether or not the claims come within the scope of the Montreal Convention is a matter of some complexity," the summary judgment said. "It is therefore not an issue apt to be decided at the stage of summary dismissal." The judgment allows the women to continue their lawsuit against Qatar Airways and MATAR. "Our clients endured a traumatic experience on that night in Doha, and they deserve to have their day in court and compensation for their suffering," said Damian Sturzaker, the lawyer from Marque Lawyers representing the women. "We will continue to support them as the case continues in the Federal Court." Australia 's government cited the incident as a reason to block Qatar Airways from operating more flights into the country. Read more on the Irish Sun Qatar's then prime minister, Khalid bin Khalifa bin Abdulaziz Al Thani, at the time offered his "sincerest apologies for what some female travellers went through".

Five women dragged off Qatar Airways flight & stripped searched after baby found in airport bin given green light to sue
Five women dragged off Qatar Airways flight & stripped searched after baby found in airport bin given green light to sue

Scottish Sun

time2 hours ago

  • Scottish Sun

Five women dragged off Qatar Airways flight & stripped searched after baby found in airport bin given green light to sue

FIVE women who were allegedly hauled off from a Qatar Airways flight by armed cops and strip-searched have won the right to sue the airline. They were among dozens of women who were allegedly subjected to invasive examinations after a newborn baby was found abandoned at Doha's Hamad Airport. Advertisement 3 CCTV shows authorities in Qatar holding a baby that was dumped in a toilet bin at Doha's Hamad Airport Credit: Nine 3 Dozens of women who were allegedly subjected to invasive examinations after a newborn baby was found abandoned Credit: Nine 3 Dozens of women were allegedly hauled off from a Qatar Airways flight by armed cops in 2020 (file picture) Credit: Getty - Contributor Qatari authorities are said to have pulled women off 10 planes in Doha in 2020 and forced them to take invasive gynaecological exams. They were hunting for the mother of the newborn found abandoned in an airport bathroom bin. Some women claimed they were made to take off their underwear and subjected to non-consensual gynaecological inspections by a nurse in ambulances on the tarmac. One passenger was forced to undergo a strip search while holding her five-month-old son, the lawsuit claims. Advertisement Another, who is elderly and legally blind, was directed out of the aircraft but was not subject to a search. Five Aussie women caught up in the ordeal lodged legal action against Qatar Airways, claiming they were assaulted and falsely imprisoned. The incident made headlines around the world and sparked outrage in Australia, straining diplomatic ties with Qatar. The group of women brought claims under the Montreal Convention, which covers airline liability, as well as negligence, assault and false imprisonment. Advertisement They sought damages for the impact on their mental health, including depression and post-traumatic stress disorder, stemming from the "unlawful physical contact". Federal Court Justice John Halley dismissed the claims against Qatar Airways last year. The initial court ruling said the woman had no reasonable prospect of success - and that Qatar's Civil Aviation Authority amounted to a foreign state immune from Australian law. But on Thursday, the full Federal Court overturned the ruling on Qatar Airways, saying the issue was too complex to be dismissed summarily. Advertisement "Whether or not the claims come within the scope of the Montreal Convention is a matter of some complexity," the summary judgment said. "It is therefore not an issue apt to be decided at the stage of summary dismissal." The judgment allows the women to continue their lawsuit against Qatar Airways and MATAR. "Our clients endured a traumatic experience on that night in Doha, and they deserve to have their day in court and compensation for their suffering," said Damian Sturzaker, the lawyer from Marque Lawyers representing the women. Advertisement "We will continue to support them as the case continues in the Federal Court." Australia's government cited the incident as a reason to block Qatar Airways from operating more flights into the country. Qatar's then prime minister, Khalid bin Khalifa bin Abdulaziz Al Thani, at the time offered his "sincerest apologies for what some female travellers went through".

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