The riveting gains for microchip stocks have many analysts drawing parallels to 1999, just ahead of the dot-com crash, when the build-out of a key technology led to parabolic moves and frenzied speculation.
Optimism surrounding the potential for industrial companies to profit from the artificial intelligence boom has fueled record-setting momentum in the sector. Now worries are mounting that the group’s link to AI may be getting too tight.
“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Today’s guests: Dubravko Lakos, JPMorgan, Head of Global Markets Strategy; Amanda Lynam, Goldman Sachs, Chief Credit Strategist; Henry Fernandez, MSCI, CEO; Sanjay Jhamna, JPMorgan, Head of Global Credit Trading. (Source: Bloomberg)
Record American exports and slowing Chinese imports are keeping a lid on prices — for now.
Keir Starmer was facing growing pressure to step down as Britain’s prime minister after dozens of members of Parliament, including Cabinet allies, joined the calls for him to set out a timetable for his departure.
The pound extended losses and Gilts came under further pressure, with the yield on 10-year notes jumping beyond 5.10%. The yield on 30-year debt hit its highest level since 1998.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
Oil rises and US equity futures fall as President Trump says the ceasefire between the US and Iran is on “life support.” UK Prime Minister Keir Starmer tells his Cabinet he will not step down without a fight and intends to stay in power. John Cortese of Apollo Asset Management discusses the credit market with Bloomberg’s Francine Lacqua at the JPMorgan Global Markets Conference. Kallum Pickering of Peel Hunt looks ahead to the CPI data. Matt Sause, CEO of Roche Diagnostics, joins as the firm’s blood test for Alzheimer’s disease wins EU approval. (Source: Bloomberg)
The expansion of the partnership between Qatar Investment Authority and General Atlantic was a “great opportunity” said Chairman and CEO Bill Ford, after QIA announced it was committing $500 million to General Atlantic’s global growth equity investment strategies. Ford made the comments in an interview with BTV’s Joumanna Bercetche on Tuesday. (Source: Bloomberg)
Traffic in the Strait of Hormuz remains at a standstill, with the US President saying the ceasefire is on “massive life support”. Dubravko Lakos, Global Head of Market Strategy at JPMorgan, says inventories have helped to offset to the energy shock so far, but we’re now heading towards so-called “operational stress levels” that could potentially force the reopening of the Strait. Lakos joined Bloomberg’s Francine Lacqua at JPMorgan’s Global Markets Conference in Paris. (Source: Bloomberg)
Diversification protects investors by spreading risk across different assets, sectors, and market conditions. This helps reduce stress when one part of the market falls.
