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Asian tech stocks hit by US chipmaker woes
Asian tech stocks hit by US chipmaker woes
ratings:
Length:
12 minutes
Released:
Jun 27, 2024
Format:
Podcast episode
Description
Major US stock indices eked out only minor gains yesterday as investors remained cautious ahead of the Fed’s preferred measure of inflation (PCE), due tomorrow. Shares in chipmaker Micron Technology slumped in afterhours trading yesterday, with reverberations being felt across Asia-Pacific markets today. Norbert Rücker, Head of Economics & Next Generation Research, shares his thoughts on the drivers behind the recent rebound in oil prices.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Jonti Warris (Investment Writing)06:09 Oil update by Norbert Rücker (Head of Economics & Next Generation Research)11:01 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
Released:
Jun 27, 2024
Format:
Podcast episode
Titles in the series (100)
Inflation top of mind again: While US markets were closed due to Independence Day, European markets, especially in the UK and Switzerland, staged a rally yesterday, driven by dip buyers. Today, it is all about inflation data with markets again being surprised by higher than expected by Moving Markets: Daily News