Australia May Trade Balance -285mln (-500 mln forecast)

CMRC's 0.7x P/S valuation masks weak ARR growth & FCF decline. CCK's 12.3x P/E lags peers. FLUT's 14.6x P/E faces margin issues.

Gas hits $4/gal, beef & tomatoes set records. PPI spikes 6%, fueling Fed hike fears amid war costs.

Industrials gain 20% amid deregulation. LNN's EPS drops 6.7%, RXO's P/E hits 148.9x, JBTM's EPS jumps 27.1%.

DT beats revenue estimates with 19.4% growth, but margins dip. AI adoption is key.

MSI beats revenue but margins dip on supply costs. Software up 18%, but valuation faces headwinds.

Gold dips amid Strait of Hormuz fears & Fed rate hike talk. Silver plunges 10%. Inflation fears linger.

JP Morgan has cut its 2026 average gold price forecast to $5,243 per ounce from $5,708 but maintained its year-end target of around $6,000 as demand is expected to re-accelerate in the second half.