Beat the street: latest US jobs data feeds rate cut hopes; NVIDIA; gold
More signs of a cooling jobs market fuels hopes of a US rate cut early next year. Investors eye Friday’s jobs report. NVIDIA unveils plans to develop new chips compliant with US curbs.
(Partial Video Trasncript)
NVIDIA unveils plans for US-friendly chips
Hello, I'm Angeline Ong, and welcome to beat the street, the show that gives you all the tradeable news ahead of the Wall Street Open. Coming up, US stocks investors cautiously optimistic on that Federal Reserve (Fed) rate cut expected early next year as they brace for more jobs data.
NVIDIA's unveiled plans to develop new chips compliant with US curbs. Gold ahead of more jobs numbers. Gold prices firm on yields weakness as the focus turns to US jobs data. But do tentacles tell a different story? We'll be joined by IG's Axel Rudolph in just a moment.
ADP jobs data lifts US stock indexes' gains
First of all, good afternoon and a warm welcome to you to this new edition of beat the street. Not long now before Wall Street starts trading. Just having a quick look at Wall Street here, which mirrors the Dow Jones industrials. And I can tell you that US stock indexes have extended gains just ever so slightly after the November ADP employment data.
[...]
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
- Forex
- Shares
- Indices
