Letting it all sink in
With not much else happening, could there be a preoccupation with NVIDIA earnings this week? Phil talks to NAB’s Ray Attrill about this and the reason for a sharp rise in oil today.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Tuesday 27th August 2024
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There hasn’t been a lot of market movement overnight. What there was saw a slight reversal on positions taken after Powell’s talk at Jackson Hole. Hence, the dollar is back up a little, shares have fallen, and bond yields are up slightly too. It’s lighter trading, of course, at the height of the northern summer and only second tier data to keep us occupied. That’s why NVIDIA’s earnings results on Wednesday (US time) could have an outsized influence on shares. Oil is sharply higher today, because of Libyan politics rather than tensions between Hezbollah and israel. NAB’s Ray Attrill joins Phil to discuss the day’s market news.
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