AGP Executive Report
Last update: 4 hours agoCurrencies: India’s rupee may weaken to 96.00 per dollar by January and 96.33 by April, strategists say, as oil costs and foreign-investor outflows offset recent gains. Commodities: The World Bank expects global prices to rise 23% in 2026, led by a 32% jump in energy costs; Brent is forecast to average $91 a barrel before easing in 2027. Stocks and AI: U.S. shares rallied after Democrats won control of Congress, with the Dow up more than 1,000 points. AMD added to the optimism, forecasting revenue growth above 80% in 2027 as data-center demand surges. Corporate results: Uber’s third-quarter revenue rose 10% to $14.77 billion, led by freight and delivery, but ride-hailing revenue fell and fuel costs and driver shortages weighed on its outlook. U.S. debt: Treasury dropped “at least” from its guidance to keep bond-auction sizes unchanged, leaving open the possibility of changes to long-term issuance in 2027.
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