AGP Executive Report
Last update: 8 hours agoSmartphones & chips: Counterpoint says global smartphone shipments could fall 13.9% in 2026 to 1.08bn units as memory-chip shortages worsen, hitting low-end models hardest. China growth pulse: China’s official manufacturing PMI stalled in May (50 vs 50.3 in April) as export orders weakened and input costs rose, underscoring demand fragility. AI-driven semis rally: TrendForce lifted 2026 memory and DRAM forecasts sharply, while Samsung crossed the 2,000-trillion-won valuation mark on the AI memory boom and HBM4E sample shipments. Geopolitics & commodities: Copper climbed as Goldman raised its 2026 target, with markets watching Iran-related tariff and supply risks; grains also bounced as oil prices supported biofuel demand. Housing cooling: UK Nationwide reported house prices down 0.6% m/m in May, with Iran-war uncertainty and higher rates weighing sentiment. Spain manufacturing: Spain’s PMI eased to 51.2 in May as Middle East-linked supply delays, costs, and weaker new orders pressured output. Corporate moves: Applied Nutrition raised its outlook, bought a US site for $16m, and licensed Sour Patch Kids/Swedish Fish sports nutrition production. India rates watch: RBI is expected to hold at 5.25% on June 5, with West Asia risks clouding inflation and growth.
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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