AGP Executive Report
Last update: 8 hours agoChina Slowdown: April data showed retail sales up just 0.2% and industrial output at 4.1%, the weakest factory pace since mid-2023—exports are still holding up, but domestic demand is the problem. Oil Shock: The IEA’s chief warned commercial inventories are being drained fast, with only weeks left as Hormuz tensions and the Iran conflict keep supply risk elevated. AI Chip Momentum: TSMC lifted its long-range chip market view to $1.5T by 2030, betting AI and high-performance computing drive most growth, while the AI trade shifts from training to inference. Auto EV Reality Check: Subaru cut operating profit 90% and is postponing in-house EV timing, redirecting resources toward hybrids and ICE. UK Politics/Markets: IMF urged Labour to stick to Reeves’ fiscal rules to avoid market stress, as internal infighting heats up. Energy Transition: Texas is forecast to see solar beat coal this year, while data centers are pushing power prices higher. FX Watch: India’s rupee hit fresh lows, with experts warning pressure could persist.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.