AGP Executive Report
Last update: 8 hours agoJapan Growth Watch: Japan’s April-June GDP rose at a slower-than-expected annualised 1.1% (0.3% quarter-on-quarter), with private consumption flat and capital spending down 1.2%, while exports held up on US hybrid-vehicle demand and AI-related semiconductor equipment. New Zealand Inflation Signal: NZ food inflation eased, with food prices up 1.9% year-on-year to July, while fuel fell month-on-month—an important read ahead of the 2 Sept RBNZ decision. NZ Labour Market / Election Backdrop: A NZ Adviser-style review flags broker lending momentum, while another analysis notes unemployment is higher than in 2023 and may rise further into November, with inflation lower—shaping the pre-election economic narrative. UK Housing Cooling: Rightmove says August asking prices fell 2.0% (£7,360) month-on-month, the biggest August drop since 2018, and it cut its 2026 forecast to flat-to-down as mortgage and tax fears bite. Australia Tax Shock for Renters: Labor’s negative gearing reforms could cost some Sydney tenants up to $24,700 a year, pushing demand toward pricier new builds. Energy & Commodities: Illinois farmers warn high energy costs are squeezing margins, while covert Strait of Hormuz oil flows are helping keep Brent in the $80–90 range. AI/Markets: Wall Street’s AI trade stays dominant, but fund rotations show selectivity—hedge funds trimmed Broadcom and added Taiwan Semiconductor.
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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