ASX futures add 0.1pc. US equities mixed after Nvidia and Apple pare gains. Swiss National Bank cuts rates, Bank of England holds. Follow here.
Australian shares are poised to edge higher, after Wall Street closed mixed. Local investors will pay attention to Guzman y Gomez which surged 36 per cent to $30 on its first day of trade on Thursday. While apparel and camping business Kathmandu warned of softening sales in 2024 as rising living costs hit consumers.
Norway’s central bank also held steady. In contrast, the Swiss National Bank unexpectedly cut its key rate by 25 basis points – for its second cut this year. Nicholas Bohnsack at Strategas said market performance is strong and corporate profit expectations are broadening. “It is, at the same time, difficult to not harbour some scepticism,” Bohnsack said.
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