Australian shares are set to open lower; oil and gold fell. Nvidia rallies 6.8pc. Bitcoin recovers $US62,000 level. Monthly CPI indicator awaited.
Australian shares are poised to fall, tracking losses in Europe and the Dow Jones in New York. Nvidia snapped a three-day rout and lifted both the S&P 500, up 0.4 per cent, and the Nasdaq Composite, up 1.3 per cent.After the closing bell, Volkswagen said it will invest $US5 billion into a joint venture with EV maker Rivian; the US company’s shares soared 40 per cent in extended trade.
Inflation unexpectedly surged in Canada, a setback for policymakers as they weigh further interest rate cuts next month. The main focus for investors is Australia’s inflation data on Wednesday and the latest US data on Friday. The June data also found that consumers were positive about the stock market, with 48.4 per cent expecting stock prices to increase over the year ahead, compared to 23.5 per cent expecting a decrease and 28.1 per cent expecting no change.– at the ABA Banking Conference, Melbourne at 9.30am; Westpac leading index May at 10.30am, Monthly CPI indicator May at 11.30am
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