The Euro Stoxx 600 index reached an all-time high yesterday, as did the German DAX index, led by strong earnings from companies like Siemens Energy and Adidas. In the US, President Trump's USD 100 billion AI infrastructure plan, called Stargate, and its focus on growth rather than protectionism has eased inflation concerns, causing the US yield curve and the US dollar to dip. US equities closer higher, but the CEO of JPMorgan cautioned that asset prices are somewhat inflated. Gold is near its all-time high. In Japan, the latest economic data supports a rate hike tomorrow. Carsten Menke, Head of Next Generation Research, notes that Stargate constitutes a continuation, rather than an acceleration, of the established structural trend.

00:00 Introduction by Helen Freer (Investment Writing)

00:34 Markets wrap-up by Roman Canziani (Head of Investment Writing)

06:02 Expansion of AI infrastructure: Carsten Menke (Head of Next Generation Research)

10:08 Closing remarks by Helen Freer (Investment Writing)

Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.