The market is currently dominated by the dual impact of Artificial Intelligence, which is creating a boom for infrastructure builders and chipmakers while causing layoffs and investor uncertainty for software and crypto companies. Major firms reported mixed earnings, with Pfizer and Ferrari beating expectations while a weak forecast from PayPal sent its stock tumbling. These events are set against a backdrop of a cooling U.S. labor market and volatile oil prices, which remain sensitive to geopolitical tensions in the Middle East.

A news podcast encapsulating the most salient market news, brought to you by Finextra Pro and powered by Communify.

Open Finextra Pro now!