AGP Executive Report
Last update: 12 hours agoAI/Chips Lead Risk-On: Nvidia’s results blew past expectations (revenue ~$81.6B, +85% y/y) and it lifted guidance plus an $80B buyback, helping Asia and then Wall Street bounce. Middle East Energy Shock Eases: Some Hormuz passage resumed and oil pulled back after Iran-deal hopes, calming yields and supporting equities—though supply worries remain. Australia Rates Bets Shift: Australia’s unemployment jumped to 4.5% (from 4.3%), pushing markets to slash odds of a June RBA hike. UK Cost-of-Living Clash: Bank of England chief Andrew Bailey warned against supermarket price freezes as retailers push back on “state control” style plans. Corporate Watch: easyJet widened its H1 loss on higher fuel costs and weaker summer booking visibility; BT kept profits flat but upgraded dividend policy. Capital Markets: Osisko Development priced $275M convertible notes, using proceeds for its Cariboo Gold project and dilution protection.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.