AGP Executive Report
Last update: 11 hours agoMarkets & Rates: The Fed held rates steady, though two officials backed a hike. US shares closed higher, but Nasdaq futures slid after Alphabet’s profit fell and an $8.7 billion investment loss revived concerns about AI spending. Europe & Currencies: The ECB was expected to hold rates as investors watched French bond-market strain and Christine Lagarde’s outlook; the euro hovered near $1.115, with bearish bets at a decade high. Asian Equities: India’s Sensex jumped 1.2% as banking and consumer stocks rallied, while Asian markets were mixed after Alphabet’s results. Public Finance: Malaysia lifted 2026 rural-road funding to RM3.1 billion from RM2.11 billion, citing the need to keep projects moving and pay contractors. Investment Flows: Singapore hosted European deep-tech firms seeking investor partnerships; the city-state is the largest source of investment in EIC-backed companies outside the US.
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.
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