Monday Market Highlights: 11 March 2024

In this week’s Monday Market Highlights, Investment Analyst Kate Power discusses Federal Reserve Chair Jerome Powell’s testimony on the semi-annual monetary policy report, including the board not needing to see inflation back at 2% for them to start cutting rates. She also looks into US non-farm payrolls coming in stronger than expected, the ECB interest rate decision, and the Australian GDP print – which came in inline with expectations. In equity news, Kate covers Virgin Money UK’s takeover offer from Nationwide Building Society, Pacific Current selling its entire stake in GQG Partners, and Life360 which is the number one grossing social app in the US, with 61 million users globally.   This podcast is intended to provide general information only. It does not take into account your investment needs or personal circumstances. It is not intended to be viewed as investment or financial advice. Should you require financial advice you should always speak to a Financial Adviser. Past performance is not a reliable indicator of future performance. Milford is an active fund manager with views and portfolio positions subject to change.