AGP Executive Report
Last update: 34 minutes agoGlobal Markets: Asian shares slipped Thursday, with MSCI’s regional index down 0.2% and Korean stocks weaker, as Gulf tensions and doubts about AI spending offset Wall Street’s tech-led rebound. AI and Earnings: SpaceX reported its first profit as a public company, Meta beat revenue forecasts and Super Micro raised its outlook, lifting US tech shares. But Meta’s higher AI spending and plans for a new share class revived concerns over how the boom will be funded. Energy and Inflation: Brent crude has surged toward $110 a barrel amid shipping attacks and supply risks; oil freight costs have also soared. The price shock is complicating central-bank decisions, with the Reserve Bank of Australia weighing further tightening against risks to jobs and growth as inflation remains above target. Rates: South Korea’s central bank held its benchmark rate at 3% after two hikes, while leaving the door open to further tightening if inflation persists.
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