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Looking local as US macro, Nvidia shadows linger – Aug 28

Posted on
August 28, 2024
by
moneysmart-girl

 

The mood across Asian markets on Wednesday is likely to be one of caution, for two main reasons that should keep markets in relatively narrow ranges – lingering concern over the health of the U.S. economy, and Nvidia’s earnings later in the day.

U.S. and world stocks climbed higher on Tuesday but only slightly, while the dollar dipped again and Treasury yields were little-changed across the curve. None of that offers investors in Asia much to run with on Wednesday.

Given the lack of obvious global catalysts, regional events may take on added weight on Wednesday.

Today’s Market News

 

Key developments on Wednesday:
  • Australia inflation (July)
  • BOJ Deputy Governor Ryozo Himino speaks
  • Bank of Thailand Governor Suthiwartnarueput speaks
Index Last Change % Change
trading higher

 41,250.50 +9.98 0.02%Positive
trading higher

 17,754.82 +29.06 0.16%Positive
trading higher

 5,625.80 +8.96 0.16%Positive

Source: LSEG, opens new tab – data delayed by at least 15 minutes

See all

For more news visit Reuters.com

 

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