AGP Executive Report
Last update: an hour agoMarkets and Elections: US stock futures, Treasuries and the dollar fell as early Democratic Senate wins unsettled investors; markets are weighing the prospect of less fiscal stimulus as election results remain uncertain. AI and Chips: AMD offered a counterpoint to worries about AI spending, forecasting revenue growth above 80% in 2027 after data-centre sales jumped 97% in its latest quarter. Australia Outlook: The RBA raised rates to 4.85%, prompting CBA to forecast national home prices falling 8% in 2026 and 3% in 2027, with rate cuts pushed back. New Zealand Jobs: Unemployment rose to 5.7%, its highest level since 2015, clouding the economic outlook and putting a possible rate hike in doubt. Commodities: Missouri grain prices fell in October as larger crop forecasts weighed on markets, despite harvest progress running ahead of average.
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.