AGP Executive Report
Last update: 8 hours agoUS Macro Shock: Strong May jobs data (172k jobs) pushed Fed-hike odds higher and helped trigger a broad selloff, with Wall Street ending sharply lower and the Nasdaq taking its biggest hit since April 2025 as chip stocks led the drop. AI Chip Reset: Broadcom’s record revenue wasn’t enough—its AI guidance missed expectations and shares slid, dragging the semiconductor complex; meanwhile Marvell surged and cleared the S&P 500 profitability hurdle, underscoring how index flows are being reshaped by AI infrastructure demand. Rates & FX Watch: RBI held the repo at 5.25% but cut FY27 growth to 6.6% and raised inflation to 5.1%, while the rupee strengthened to 94.93 per dollar on forex-support measures. Energy Risk Premium: Oil eased after Oman said an export terminal was operating normally post-explosion, but Fitch warned the US-Iran oil shock is still weighing on global growth. Commodities Outlook: Rabobank expects tight global beef supply to keep prices firm through 2026. Policy & Markets Tech: Moomoo is adding CFTC-regulated prediction contracts via Kalshi, turning rates, inflation, elections and sports into tradable outcomes for retail investors. Local Economy: Eskom’s grid unbundling plan is back in focus as it seeks a separation funding plan acceptable to stakeholders.
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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