When the US and Israel started pounding Iranian targets on February 28, they envisaged a swift military campaign and a decisive victory. Four months later, the world is in limbo as the US and Iran struggle to negotiate a resolution to the war. A fragile ceasefire has mostly held since 8 April, despite some skirmishes,…
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The S&P 500, Nasdaq and MSCI World once again powered to new highs this week, closing 1.2%, 2.2%, and 1% higher, respectively, at the time of writing. The indices are on track for their best monthly closes of the year. Risk-on sentiment prevailed as investors reacted to this week’s oil price decline to $91.34 a…
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The phrase “The Secret Seven” was coined by global investment manager Ninety One to describe seven crucial Asian technology companies that power global AI infrastructure. The term was designed to highlight hardware champions in Asia that are as foundational to AI as the US “Magnificent Seven” but have been historically undervalued by the market. Although…
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The Presidents of the United States and China met in Beijing this week as US equity markets continued to ignore geopolitical volatility and power to new record highs on the back of AI optimism. The Nasdaq and S&P 500 both hit fresh peaks during the summit, a reminder that markets are, for now, choosing to…
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Markets were once again driven this week by news and rumours surrounding the war between the US and Iran. Equities rallied earlier in the week because of promises of a peace agreement, only to pull back when fresh exchanges of fire erupted in the Strait of Hormuz. The S&P 500 and Nasdaq powered to fresh…
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