The latest auction data from Fonterra
- Prior was +0.3%
- Whole milk powder prices average $3122/MT
- Milk powder +0.6%
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New Zealand GlobalDairyTrade price index +0.9% vs +0.3% prior
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
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- US S&P Global PMI services for April 2026 51.0 versus 51.3 expected
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WMT's P/E > 47, KO sees 4-5% growth, PG beats on sales. All offer consistent dividends.
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