AGP Executive Report
Last update: 10 hours agoInflation: U.S. wholesale prices jumped 6.3% year over year in September, the biggest rise since 2022, as fuel costs surged. Fed official Austan Goolsbee called the data discouraging and warned inflation could prove harder to tame if driven by strong demand for AI infrastructure. Trade: EU leaders urged new tools to address a widening trade imbalance, as China-EU talks produced 16 areas of agreement, including work on trade balance and market access. At China’s Canton Fair, exporters are showcasing tech-enabled products while seeking new markets amid rising costs and trade friction. Asia Trade: India’s September exports rose 23% to $44.4 billion, while its trade deficit narrowed to $30.21 billion; officials say the first phase of a U.S. trade deal is finalized. Markets: Investor worries over debt-funded AI data-center expansion have pressured tech stocks and related bonds. CoreWeave shares rebounded nearly 6% Thursday, but remained about 15% below their level at the start of the week.
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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