ASX to Rise: Nvidia Extends Tech Rebound and Market Optimism

Thursday, 12 September 2024, 11:02
ASX is set to rise as Nvidia extends the tech rebound, showcasing increased investor confidence. The Nasdaq is making strides, lifting all three US benchmarks. In other financial news, oil is rebounding, and Bitcoin has reclaimed the $US58,000 mark, signifying a positive turn in multiple sectors.
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ASX to Rise: Nvidia Extends Tech Rebound and Market Optimism

ASX to Rise as Nvidia Leads Tech Rebound

The Australian Securities Exchange (ASX) is anticipated to open higher today. Nvidia's impressive performance has extended the tech rebound, driving investor enthusiasm across markets.

Market Highlights

  • The Nasdaq composite index is buoying all three US benchmarks, reflecting a strong tech sector.
  • Oil prices are showing signs of recovery, contributing to the positive market sentiment.
  • Bitcoin has managed to retake the $US58,000 mark, reinforcing confidence in cryptocurrencies.

This rebound across various sectors indicates a potential bullish trend in global markets.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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