Shares in Nvidia soar more than 7 per cent in extended trading; Tabcorp, TPG Telecom and Medibank are among the big names set to report. Follow more here.
Australian shares are set to open higher as Wall Street continues an optimistic streak based on Nvidia’s earnings result and US economic data boosted hopes for another pause in Fed rate rises.Bitcoin +2.7% to $US26,545 at 4am AEST
The yield on the US 10-year note was down 12 basis points, dropping below 5 per cent, as data showed American business activity barely expanded on subdued customer demand. The 10-year German rate slid 13 basis points as a contraction of private-sector activity in the euro area intensified. On Wall Street, traders are growing more optimistic on US equities, according to Charles Schwab’s Trader Sentiment Survey, which found 44 per cent are now bullish — up from 32 per cent in the second quarter. While 69 per cent of Schwab’s trader clients still think it’s likely that the US economy will officially enter a recession, that’s down from 86 per cent in the previous quarter.
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