Is Xi Jinping still Mr 5 percent?

Tursday 4th March 2024

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US shares have taken a rest for now. Perhaps a $1.8 billion fine on Apple over music streaming has reminded big tech investor that regulators have power. Today, NAB’s Ken Crompton talks through the impact of yesterday’s GDP partials for Australia, much of it driven by mining, with lower inventories and higher corporate profits. The Peoples Congress is underway in China today, with reports suggesting Xi Jinping will confirm that the growth target for 2024 remains at 5 percent. The US releases its PMI Services number today, but the market is really hanging out for Friday’s non-farm payrolls. It’s Super Tuesday in the US today, but we already know who is going to win, for each side of politics.

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