AGP Executive Report
Last update: 2 hours agoCentral Banks: Brazil held its benchmark rate at 13.75%, citing elevated inflation expectations and uncertainty, while the Bank of England raised rates to 4% and signaled another hike remains possible if Middle East tensions persist. US Economy: Third-quarter worker productivity rose at a 3.6% annualized pace and unit labor costs fell 0.7%, easing concerns that wages are fueling inflation. AI Infrastructure: Data centers are forecast to more than double in value to $1.1 trillion by 2035, but power access is emerging as a key constraint as major technology firms plan $725–745 billion in 2026 capital spending. Corporate Outlooks: Sony lifted its annual profit forecast 9% after operating profit jumped 45%, led by games and film. Diageo posted better-than-expected sales growth, though North America remained weak, and kept its full-year outlook broadly flat. Portfolio Moves: Kraft Heinz agreed to sell its North American coffee business for $650 million, retaining a 30% stake as it redirects investment toward growth areas.
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