Australian shares are poised to rise after August’s US CPI data pointed to a more gradual pace of interest rate cuts, dashing some hopes for a half-point move when Federal Reserve policymakers meet next week.
Nvidia leapt 8 per cent after CEO Jensen Huang said the company is struggling meet demand expectations. The leap also supercharged Arm Holdings, Super Micro and Broadcom. The Philadelphia semiconductor index surged 4.9 per cent, helping erase a slump to start the month.
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
