Nvidia Earnings: Has The AI Trade Peaked?

[on hold music] This is a podcast from BFM 89.9, the business station.

BFM 89.9. Good morning.

I'm Roshan Kanesan with Frankie Lim, and this is the Morning Run.

It's now 7:08 AM, and we're gonna take a look at how global markets closed just a few hours ago.

Frankie?

Mm.

Yes, correct.

So the US, uh, stock markets ticked down a little bit after, uh, they reported heated inflation data.

Uh, the Personal Consumption Expenditure Price Index, the PCE, uh, rose 3.7% on an annual basis in July, remaining f- uh, remaining far above the Fed's, uh, target inflation level.

So, uh, the Dow Jones Index was down 0.2%, S&P 500 was down 0.02%, just a little bit there.

[laughs]

Um, and NASDAQ was down 0.08%.

Now, if we look at the Asian markets, um, most of the markets under our watch are, were green, like, uh, yesterday.

So Nikkei was up 0.6%, Hang Seng Index was up 0.6%, Shanghai Composite Index up 0.6%, um, STI Index, um, didn't do very well, it was down 0.3%.

And back home, FBMKLCI closed up 0.7%.