Despite exceeding analysts’ revenue forecasts, Nvidia’s latest report underwhelmed investors betting on a significant AI boom, leading to a cautious reaction in the stock value.
The Australian sharemarket rose, led by mining stocks amid China’s stimulus, while US equities rallied following Microsoft’s record high and anticipation of Nvidia’s earnings.
Oil markets exhibit stability in anticipation of the upcoming OPEC+ meeting, with investors closely watching for decisions that could shape 2024’s energy landscape.
ASX ends the week flat amidst mixed performances: Mining sector gains led by gold explorers, while energy stocks fall following a plunge in oil prices.
ASX shows mixed responses as Australian employment figures rise and GrainCorp announces dividends, highlighting diverse market reactions to economic and corporate developments.
Australian shares approach a two-month peak, driven by a global rally after the US inflation report hints at potential stabilization in interest rates.
ASX sees a notable rally with mining and banking sectors soaring as investors await crucial US inflation data to gauge future interest rate trends.
Amidst a general ASX downturn driven by energy and bank stock losses, Elders stands out with a notable surge, defying broader market trends.
In a shift from previous expectations, Fed Chairman Jerome Powell’s comments on potential rate hikes spooked Wall Street, leading to a drop in bond yields.
ASX edges higher despite tech sector slump, with healthcare gains and mining giants’ resilience amidst global economic and interest rate concerns.
ASX recovers with tech stocks rallying, despite mining giants’ fall due to weak Chinese data and a global decline in commodity prices.
The Reserve Bank of Australia has increased the cash rate by 25 basis points, aiming to curb persistent inflation and stabilize economic growth.
