Australian shares are poised to slip, getting little direction from New York. Among Tuesday’s results: NAB, Computershare, REA Group.
ASX futures were down 13 points or 0.19 per cent to 6910 near 4.20am AEST.
Chipmaker Nvidia fell on saying it expects second-quarter revenue of about $US6.7 billion, down 19 per cent from the prior quarter, largely hurt by weakness in its gaming business. Nearly all sectors were up, with economically sensitive sectors including financial services and autos leading gains.Investor morale in the euro zone was essentially unchanged in August from July, with a rise too little to stave off recession fears, a survey showed.
Barrick beat analysts’ expectations with a nearly 19 per cent rise in second-quarter profit thanks to higher copper output even as inflation drove production costs up for the world’s second-biggest gold miner.The company now expects to be “either at the top end or slightly above” its all-in sustaining cost guidance range for 2022 of $US1040 to $US1120 per ounce of gold, given energy prices have risen due to the war in Ukraine, it said.
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