AUDUSD orders 13 August

AXON's 70.5% upside potential shines with 37.6% ARR growth, but TPR's low margins & HNI's debt raise red flags.

Industrials' 24.5% return beats S&P 500, but watch out for R (15x P/E) & SITE (26.1x P/E). FTAI shines!

NBIS up 400%+ on AI boom, but 17x forward sales & huge capex raise valuation risks.

Japan's economy minister Kiuchi cited strong wage momentum and improving job conditions underpinning a moderate recovery, while pledging nimble government action to address Middle East conflict risks.

RBA minutes show eight of nine board members backed the May rate hike to 4.35%, citing rising inflation risks from the Gulf conflict, with markets now pricing a 75% chance of a further August rise.

International ETFs offer lower P/E ratios (14-18.6) vs S&P 500 (31.9), with strong returns (up to 21%) & dividends.

Japan's Q1 GDP grew an annualised 2.1%, beating forecasts of 1.7%, but analysts warn the Iran war energy shock is set to slow growth sharply and could force the BOJ to delay rate hikes.