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.
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