AGP Executive Report
Last update: 8 hours agoAI and Markets: Nvidia’s leadership crisis rattled global tech shares, while strong CoreWeave results briefly revived AI optimism; Nebius fell 14% after raising spending plans and warning 2026 revenue may hit the low end of its forecast. US Economy: Existing-home sales sank 5.5% in October to a more than 16-year low as mortgage rates and high prices deterred buyers. Jobless claims rose to 200,000 but remained historically low, keeping the labor market broadly firm as inflation fuels Fed rate-hike bets. Corporate Outlook: BAE Systems lifted its 2026 free-cash-flow forecast to about £3 billion and reported £33 billion in orders so far this year, supported by fighter and missile contracts. Asia-Pacific Markets: New Zealand’s NZX 50 reached a record, led by Mainfreight, whose first-half profit rose 66%; across the Tasman, Xero jumped after raising guidance and announcing a A$1 billion buyback.
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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