Nvidia leads Wall Street | Jessica Amir on Ausbiz

Market Strategist Jessica Amir discussed the rise of Nvidia and the performance of the ASX on Ausbiz. Below are the key points from the interview.

Current market updates indicate that the S&P/ASX200 is poised for a higher opening today, supported by a tech-driven surge that has lifted US markets to new all-time highs.

The S&P 500 and Dow have reached new heights, signaling a busy week ahead for corporate earnings and key economic data releases. Although US bond markets were closed for a federal holiday, equities maintained their upward trend. Minneapolis Fed President Neel Kashkari hinted at modest interest rate cuts in the near future, as inflation remains close to the Federal Reserve's 2% target.

Additionally, oil prices fell by 2% after OPEC once again lowered its global oil demand growth outlook for 2024 and 2025. China's oil imports have also declined for the fifth consecutive month, adding further pressure on prices.

Looking forward, there are no significant local events on the agenda. However, attention will turn to FOMC member Mary Daly, who is expected to speak later and may offer further insights into the Federal Reserve's policy outlook.

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