AGP Executive Report
Last update: 9 hours agoU.S. Inflation & Stocks: October producer prices rose 0.3%, below the 0.4% forecast, helping lift U.S. stock futures after a volatile week. But inflation remains a concern: annual PPI climbed 6.5%, and traders still expect a December Fed rate hike. AI Spending: Nvidia’s leadership shock has unsettled tech investors, while scrutiny grows over the cost of the AI boom. Anthropic is reportedly forecast to spend more than $65 billion next year; Cerebras offered a brighter counterpoint, reporting its first adjusted quarterly profit and raising its 2026 sales outlook to as much as $960 million. Cisco also lifted its AI revenue outlook, though its shares fell amid doubts about growth momentum. Oil Outlook: The IEA sees global supply moving into surplus as Gulf exports recover, but Middle East risks continue to drive price swings. India Trade: The merchandise trade deficit widened to a one-year high of $39.88 billion in October, as gold purchases surged and higher energy costs inflated imports. Brazil Agriculture: Soy planting reached 66% of projected area, and Conab forecasts a 181.6-million-tonne crop, while irregular rain and heat leave production prospects uncertain.
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