Strong earnings, future concerns

NAB Morning Call · May 1, 2025 · 16m

Friday 2nd May 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt’s been a session heavy on news and data, largely seen as positive, particularly inequity markets although they lost some of their gains towards the US close. NAB’s Rodrigo Catril says two things were driving shares higher. First, yesterday’s string earnings results for Microsoft and Meta. Secondly, the Manufacturing ISM, although down, was better than expected. Markets have taken that as a good sign and repriced rate cut expectations from the Fed, but Rodrigo is more cautious…