NVIDIAs correction, the Yens fall and the US-Europe divide
Tuesday 25th June 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
There are three broad themes on today\u2019s 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\u2019s also the divide between the European and US economies, evidenced by last weeks PMIs. But is the difference really that great. NAB\u2019s Rodrigo Catril agrees with the ECB\u2019S Isabel Schnabel that, when it coms to fighting inflation, they\u2019re 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.
Hosted on Acast. See acast.com/privacy for more information.