AGP Executive Report
Last update: 8 hours agoGlobal Macro: The World Bank cut its 2026 growth forecast to 2.5% (from 2.9%), citing Iran-war spillovers, higher energy prices, inflation and borrowing costs—raising downside risks for 2026–27. Oil & Rates: OPEC also trimmed oil-demand growth expectations, while markets digested easing US-Iran strike risk that helped lift stocks and push oil lower. Central Banks & Inflation: Turkey’s central bank survey showed year-end CPI expectations edging up to 29.14%, while Westpac’s Luci Ellis warned the RBA may still need two more hikes in 2026. Housing: Reuters polls and Lennar’s guidance point to subdued US home turnover and only modest price gains as mortgage rates stay high. Markets & Listings: Flutter will delist from the London Stock Exchange, and SpaceX priced a record $75B IPO at $135/share, valuing it around $1.77T. Tech & Forecasts: Dell’Oro sees 6G RAN capex accelerating toward decade-end; Allied Market Research forecasts big growth in deep learning, e-learning, routers, and renewable energy. Energy Transition Logistics: UTC Overseas formed a BESS group to tackle the growing, regulated logistics load behind battery storage buildouts. Consumer/Industrials: Virgin Wines warned of a 2026 loss; McBride issued a profit warning tied to Middle East-driven cost pressures. Commodities: Côte d’Ivoire cocoa inventories look far larger than expected, pressuring ICE futures.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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