Bubs drags A2 Milk kicking and screaming; inflation (stagflation?) the name of the game now.
The market hovered between small gains and small losses today. Newsflow was dominated by the Bank of Queensland's full year result, small cap earnings results and a new hydrogen plan which has rekindled the ESG conversation for the nth time. Bubs Australia going ga ga up around 40% post earnings, taking A2 Milk with it. In contrast, BOQ and the materials space fared the worst by far. In other news, the IMF downgraded the global economic outlook blaming it on the supply chain crisis and vaccination disparities. When all that is said and done, we look forward to the inflation read in America and Fed Minutes tonight before jobs day tomorrow.
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