Morning Report Wednesday 14 May 2014
**Commonwealth Bank (CBA) releases its March quarter update with a 3Q net profit of $2.3Bn.**
The "horror" budget is delivered with few surprises but infrastructure spending may create opportunities.
It was an interesting budget last night; the below points caught my eye from a budget that was predictably leaked. With governments now revealing the majority of the main budget points well in advance to avoid market shocks, it's a wonder why we have the whole ceremony of a budget night anymore.
The potential for university education to become elitist – as a parent another few years of trading for me!
A benefit to over 50’s employment opportunities, probably to help pay for their children’s education.
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