Key points:
Investors react positively to global sentiment and potential Fed rate cut.
Apple's health features, particularly sleep apnea alerts, aid ResMed's market.
US presidential debate and ECB rates could impact inflation and markets.
Greg Smith from Devon Funds notes that the NZ 50 is down 0.4%, with investors reacting positively to recent global sentiment shifts. He highlights the potential Fed rate cut next week, predicting either a 25 or 50 basis point reduction, aiding the US economy's glide path.
Greg also discusses Apple's updates, including AI advancements and the innovative health features of the new Apple Watch. These updates, especially the sleep apnea alert, could benefit ResMed, which has 80% market share in the sleep apnea market.
Looking ahead, Greg suggests monitoring the impact of the US presidential debate on inflation and global markets. He also mentions that Briscoes, with record half-year sales, signals growing consumer confidence in New Zealand amidst potential rate cuts from RBNZ.
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Негізгі бет the global view: Apple's AI update 10.09.24
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