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


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.


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