Australian shares are set to open higher. US stocks edge higher. Tesla rebounds, Apple extends rally. Ether, bitcoin hold their surges. Follow updates here.
Australian shares are poised to rise in line with modest gains in New York one day ahead Nvidia’s highly anticipated quarterly results. At the end of the session, the S&P 500 had advanced 0.3 per cent to 5321.41, setting a record closing high for the 24th time in 2024. The Nasdaq notched its fourth record close in the past six sessions. The VIX slid 2.4 per cent to 11.86 – it’s tumbled 30 per cent in the last month.
Sales growth of 243 per cent is part of the reason why Nvidia has a $US2+ trillion market cap.” The RBNZ rate call is the top data point on Wednesday. In a morning note, ANZ Research said: “Long end rates are likely to drift lower initially given offshore moves, but today is really about the RBNZ, especially for the short end, and if past experience is anything to go by, they’ll be in a liquidity vacuum before 2pm and in a frenzy thereafter.
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