The ASX 200 is expected to open up by a hair, lifting just 0.09% in futures, after investors in America spent their whole trading day waiting for Nvidia.
The big U.S. indexes have been near flat – only the Dow Jones rose – as Wall Street held its breath on Nvidia’s earnings. The AI chipmaker has since unveiled its report early this morning, beating revenue expectations by nearly $2 billion.
Despite the success, Nvidia plunged 5.6% after news arrived in the U.S. evening.
On the other end of the spectrum, Target Corp shares suffered their worst day in a little over two years after the retail giant reported a triple miss it then blamed on “unique” challenges and costs.
Back home, Minerals Resources (ASX:MIN) headlines a very busy day of Aussie AGMs that also includes ResMed (ASX:RMD), News Corp (ASX:NWS), Accent Group (ASX:AX1), Evolution Mining (ASX:EV1), Ramelius Resources (ASX:RMS), Insignia Financial (ASX:IFL), and plenty more. Nearly 30 are scheduled all up.
There’s also a new company debuting on the ASX today, with Symal Group listing under ticker code SYL. The construction contractor aims to raise $136 million; share issue price will be $1.85.
RBA governor Michele Bullock will be speaking tonight, addressing the Women in Payments symposium at 7pm Sydney time – though after Tuesday’s meeting minutes did little to move the dial, investors aren’t expecting much.
Looking at forex, the Aussie dollar is buying 65 US cents.
To commodities, which are in the greenback,
Iron Ore lifted 0.13% to $101.89 a tonne in Singapore,
Brent Crude is trading at $73.19,
Gold has climbed slightly to trade at $2,649 per ounce, and,
US natgas futures are at $3.22 per gigajoule.
That’s Market Open, I’m Isaac McIntyre, stick with us for HotCopper’s Market Update.
