NVIDIA’s correction, the Yen’s fall and the US-Europe divide
An NVIDIA correction, the continued slide in the Yen and question marks over the relative strength of the US over Europe. NAB’s Rodrigo Catril talks through all three.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Tuesday 25th June 2024
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There are three broad themes on today’s podcast. First, a missed day on US equities again, with falls in the S&P and NASDAQ. NVIDIA shares are well down, but even a minor correction is only a deny in their upward trajectory this year. There’s also the divide between the European and US economies, evidenced by last weeks PMIs. But is the difference really that great. NAB’s Rodrigo Catril agrees with the ECB’S Isabel Schnabel that, when it coms to fighting inflation, they’re not that far apart so it would be wrong to assume a divergence in policy by the two central banks. The other theme is the continued fall in the Yen and the repercussions it could have across the region, including the Australian dollar.
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