AGP Executive Report
Last update: 4 hours agoGlobal Trade: The WTO more than doubled its 2026 merchandise trade growth forecast to 3.9%, from 1.9%, as AI-related products drove nearly half of first-half trade growth. The gains are concentrated in Asia; global GDP is forecast to grow 2.6%. Oil and Markets: Brent surged above $105 a barrel amid Iran tensions and hurricane-related Gulf output shutdowns, reviving inflation and rate concerns. US stocks slipped, chipmakers fell 3.4% after a report questioned OpenAI’s revenue outlook, and bond yields climbed, with the 10-year above 5.35%. AI Investment: Australia’s Firmus scrapped a planned $44 billion IPO after investor demand fell short, highlighting growing scrutiny of AI infrastructure valuations. Inflation Outlook: Westpac expects New Zealand inflation to reach 4.2% by year-end as higher fuel prices and a weaker currency raise costs.
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.
Perspectify News
