Macro Mondays | NVIDIA… The Chip-Maker

Group Head of Research Harry Tchilinguirian sits down with Research Analyst Harry Nedeljkovic to discuss the latest macroeconomic news, risks, and trends.

They analyse recent Chinese industrial production and retail sales data, which shows China’s industrial production printing below expectations in May, at 5.6% year-on-year, while at 3.7%, retail sales beat expectations. They also discuss US industrial output, which rose 0.9% in May, and take a deep dive into recent US housing and building permit statistics. The UK is also considered, with CPI, retail sales, and PMI data for June all examined.

They have an update on various central bank policy rate decisions, the Euro area’s struggles and on NVIDIA’s relentless rise, given it briefly became the world’s largest company by market cap last week.

Harry Nedeljkovic weighs in for an update on Europe’s underperforming but potentially hopeful tech sector, the upcoming French legislative election, and finally South Korea’s worsening demographic emergency. Harry Tchilinguirian then explains a potential commodity-related trade idea.