Episode Details

US equities were mixed, with tech outperforming losses in broader sectors as faster inflation weighed against the ongoing AI rally. The S&P 500 and the Nasdaq rose more than 0.5% while the Dow fell 200 points. Producer inflation surged more than expected in April, both for energy-exposed goods and non-energy services, to show that the impact of the war in the Middle East on prices has spread past direct fuel costs onto the broader economy. This coincided with a fresh increase in refined fuel prices this week amid the continued blockade of tankers in the Persian Gulf. Still, strong earnings prospectives from AI software and hardware producers continued to carry stock indices since the Q1 earnings season. Hyperscalers were higher premarket after SoftBank unveiled soaring gains from its private OpenAI stake. Also, Nvidia gained 2.5% as CEO Huang surprisingly joined other tech leaders and the US delegation in their summit with China.

SPI down 22 - Copper in focus - BAP warns- XRO updates

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