AGP Executive Report
Last update: 4 hours agoOil & Markets: Crude fell as Iran diplomacy raised hopes of easing Strait of Hormuz disruption, but supply risks remain. OCBC lifted its Brent forecast to $100 a barrel by end-2026; Goldman sees $140 by 2027 if production stays constrained. OCBC also cut its gold outlook, citing higher rates and market volatility. Australia Outlook: CBA now expects growth to slow to 1% by mid-2027, from its previous 1.8% forecast, as inflation, borrowing costs and energy prices squeeze households. AI & Energy: ADNOC will deploy OpenAI’s platform to analyze its operations, including valuing oil reserves, as the UAE seeks a larger role in AI. Corporate Moves: Samsung C&T bought a majority stake in Australian power engineering firm Powertech for about $70 million, strengthening its battery-storage business. Tech Stocks: Amazon rebounded after a sell-off, with AWS growth of 39% offset by investor concern over heavy AI spending; Intel’s weak quarterly forecast triggered a steep share-price slump.
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