ASX to rise, Wall St rallies broadly, Nvidia resets record high

News Snapshot:

Australian shares are poised to open higher, bolstered by broad gains in New York. Nvidia briefly traded above the $US4 trillion valuation mark, the first company to do so. Investors were paying less attention to the trickle of “trade” letters being released by President Donald Trump on his social media platform, with tariff rates mostly in line with what he previously proposed. Trump said he would levy a 30% rate on Algeria, Libya, Iraq and Sri Lanka, with 25% duties on products from Brunei and Moldova and a 20% rate on goods from the Philippines. CNN’s Fear and Greed Index...