Episode Details

US equity futures are lower, while Asian and European equity markets are both mostly weaker. The AI trade is under renewed pressure following the latest US technology earnings, with concerns around heavy investment, cash burn and slowing growth weighing on sentiment. Amazon’s capital spending was well above expectations, while Intel issued weaker guidance. Meanwhile, markets continue to digest central bank decisions, with the ECB seen likely to raise rates in December, while the BOJ kept rates unchanged. Middle East tensions also remain in focus, with reports that the US is considering renewed strikes on Iran supporting oil prices.

Companies mentioned: Nvidia, Nscale, Blackstone, Daiwa Securities, BT Group