Morning Report 15 May 24: ASX to climb as investors look ahead to wages data

US sharemarkets rose on Tuesday as investors assessed a mixed producer prices report and awaited crucial consumer prices data expected on Wednesday to provide more clarity on the US interest rate path. US producer prices increased more-than-expected in April but US Federal Reserve Chair Jerome Powell said the report was more mixed than hot given that prior-period data was revised lower. Chipmaker Nvidia and electric vehicle giant Tesla led gains in the "Magnificent Seven" megacaps, up between 1.1% and 3.3%. Super Micro Computer jumped 5.1% after GQG Partners reported a new position in the server company. US-listed shares of Alibaba slid 6% after it reported an 86% drop in fourth-quarter profit. Home Depot fell 0.1% after the retailer posted a bigger-than-expected drop in quarterly same-store sales.
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[@docjoei2224]

transitory budget?😂😂😂😂

[@ballaratevil6048]

Not much happening in Adelaide tpday but seems to be Booming.

[@prancer4743]

Thanks 🙏🙏🙏

[@unclenick1968]

Haha, the smile! CBA will crack $120 today?