AGP Executive Report
Last update: 10 hours agoUS Economy: October payrolls rose 165,000 and unemployment fell to 4.1%, strengthening expectations that the Federal Reserve could raise rates in December; Treasury yields climbed after the report. Stocks: Chip shares bounced Friday after a sharp AI-led selloff, but worries over regulation and higher rates kept markets volatile. Corporate Outlook: DraftKings sank about 25% after cutting its 2026 adjusted EBITDA forecast midpoint to $225 million from $800 million, citing heavy prediction-market investment. Oil: Brent crude reached $102.05 a barrel, up about 59% from a year earlier; China’s tighter fuel-export controls also prompted a sharp cut to its November diesel export forecast. Rates and Jobs: The Bank of England raised its rate to 4% and sees inflation near 5% next year, while Canada’s unemployment rate rose to 6.7% as the economy shed 4,700 jobs. Private Equity: JPMorgan’s M&A chief expects firms to face growing pressure to sell holdings and return cash to investors by the second half of 2027.
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