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AI caution, higher US spending and Aussie capex wanes
Season 8
Episode 195
Published 1 year, 4 months ago
Description
Thursday 29th August 2024
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Two surprises from the US. First, a 100 percent growth from NVIDIA wasn’t enough for investors, who obviously expected more. So, even though their results were considered a beat, their share price is still well down. The other surprise was the sharp upward revision in US spending. Personal spending was revised up from 2.3% to 2.9%. NAB’s Rodrigo Catril picks through the numbers. And should we be worried about the fall in Australian Capex spending yesterday? It’s a busy day ahead today, with European CPI, Australian retail sales and Canada’s GDP.
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