PriceSensitive

ASX Market Open: Local bourse to trade lower after NVIDIA guidance | 29 August 2024

ASX News, Market Summary
29 August 2024 08:35 (AEDT)

This browser does not support the video element.

The ASX200 is set to trade lower with futures down -0.4% around 8.30am AEST.

The move follows a 7 percent sell off in aftermarket NVIDIA shares as the market absorbed its weaker forward guidance.

The S&P500 finished down 0.6%; the NASDAQ ended down 1.12%.

In the ASX,

Mineral Resources and Southern Cross Austereo have cancelled final dividends; Wesfarmers profits have come in line with expectations, and Air New Zealand has marked it will cut 200 jobs.

In Commodities where prices are in USD,

Gold is fetching $2,507 per ounce.

Iron ore is fetching just over $100 a tonne.

Brent Crude is pulling in $78.40 per barrel, and,

US Natgas futures are just over $2 a gigajoule.

That’s Market Open, I’m Jonathon Davidson, we’ll be with you later for a trading update.

Related News