Market snapshot
Table of Contents
50m ago Wed 19 Nov 2025 at 8:35pm
* ASX futures: too rise about +0.4% to 8,496 points
* ASX 200 (Tuesday close): -0.3% to 8,447 points
* Australian dollar: -0.6% to 64.68 US cents
* Wall Street: Dow jones (+0.1%), S&P 500 (+0.4%), Nasdaq (+0.6%)
* Europe: FTSE (-0.5%), DAX (-0.1%), Stoxx 600 (-0.0%
Bitcoin has taken a hit
Bitcoin is seriously down as Wall Street closes for Wednesday afternoon.
The cryptocurrency is currently down -2.9%, trading at $89,752.
Let’s see how it tracks throughout today…
Japan and tech movement
Senior Analyst Ipek Ozkardeskaya says the Japanese might just be “pulling the rug” right from under the US Treasury market – a move that affects tech, EM stocks and crypto (i.e. riskier investments).
“Japanese yields are now at levels where Japanese investors prefer bringing their money back to Japan.
“The 10-year japanese government bond yield surpassed levels where borrowing yen and placing it in US Treasuries makes no money– after taking FX hedging costs into account.
“Consequently, the Japanese pensions funds are reportedly pulling $1.1 trillion out of the US Treasuries right now – meaning that one of the biggest Treasury buyers is turning into a net seller.“
Nvidia predictions
Happy Nvidia day – according to Senior analyst Ipek Ozkardeskaya.
At about 8.20 AEDT this morning, Nvidia Corporation will release its quarterly results.
“My crystal ball is whispering that today, after the US closing bell, Nvidia will probably dump another set of jaw-dropping numbers on the table – perhaps a few more billions in sales revenue than the ~$55 billion expected by analysts (which would already be a nearly 60% growth compared to the same time last year) and a gross margin of ideally more than 73%,” says Ms Ozkardeskaya.
She predicts the results will be a reminder that the booming tech company no longer relies on China, who was onc a VIP client.
“CEO Jensen Huang wants investors to assume that the Chinese revenue will be zero.Anything on top of that would be the cherry on top.”
But how will investors react? Ms Ozkardeskaya isn’t so sure.
“Everyone is now focused on the worries that the huge spending its too high compared to revenue potential, and on the rising anxiety around the circular
ASX to Rise as Markets Await Nvidia Earnings
Good morning, and welcome to the ABC’s finance blog! I’ll be your guide for this Thursday morning.
it appears the ASX 200 is poised for gains when trading opens later today. As of 6:19 PM PST on November 19, 2024, the ASX 200 futures are up 0.4% to 7,148 points. https://www.abc.net.au/news/business/markets-wrap/2024-11-20
The Australian dollar is currently trading around 65.03 US cents. https://www.abc.net.au/news/business/currency-rates/2024-11-20
Across the Atlantic, the S&P 500 closed up 0.2% at 4,551.16 points, as investors await the release of Nvidia’s quarterly earnings report. https://www.reuters.com/markets/us-stocks-edge-higher-ahead-nvidia-earnings-2024-11-19/ nvidia is expected to release its earnings after market close today. this report is particularly significant as Nvidia’s performance is seen as a bellwether for the broader tech sector and the health of the artificial intelligence market.
the Dow Jones Industrial Average finished slightly lower, down 0.4% at 35,451.69, while the Nasdaq Composite edged up 0.1% to 14,250.98. https://www.reuters.com/markets/us-stocks-edge-higher-ahead-nvidia-earnings-2024-11-19/
European markets closed down yesterday,with Britain’s FTSE 100 finishing at 7,484.69,down 0.5%, and the pan-European Stoxx 600 closing down 0.03% at 464.69.https://www.reuters.com/markets/europe/europe-stocks-edge-lower-nvidia-earnings-loom-2024-11-19/
Grab a coffee and stay tuned for updates as we await Nvidia’s earnings report and monitor market reactions!
Disclaimer: I am an AI chatbot and cannot provide financial advice. This information is for general knowledge and informational purposes only, and does not constitute investment advice. It is essential to consult with a qualified financial advisor before making any investment decisions.