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Goldman Sachs Asset Management strategist Tim Urbanowicz said the recent surge in headline and core inflation is a significant headwind for the economy and cyclical sectors, but three factors continue to provide strong support: an AI-driven investmen

2026-06-10

Goldman Sachs Asset Management strategist Tim Urbanowicz said the recent surge in headline and core inflation is a significant headwind for the economy and cyclical sectors, but three factors continue to provide strong support: an AI-driven investment cycle, potential upside from a large U.S. fiscal bill, and the labeled supportive effect of eventual Fed rate cuts.

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2026-06-10

According to an Axios reporter, Iran fired at least four ballistic missiles and multiple drones at U.S. bases in Bahrain, Kuwait and Jordan.

According to an Axios reporter, Iran fired at least four ballistic missiles and multiple drones at U.S. bases in Bahrain, Kuwait and Jordan.
2026-06-10

China A-shares opened lower and weakened; STAR 50 bucked the trend, rising over 3% intraday. By mid-session the Shanghai Composite was down 0.58%, the Shenzhen Composite down 1.94% and the ChiNext (growth) index down 2.29%. Chemicals rallied with mul

China A-shares opened lower and weakened; STAR 50 bucked the trend, rising over 3% intraday. By mid-session the Shanghai Composite was down 0.58%, the Shenzhen Composite down 1.94% and the ChiNext (growth) index down 2.29%. Chemicals rallied with multiple names hitting daily limit-ups; helium-related stocks, including Heyuan Gas and Hangyang, also hit limit-ups. Banks rallied intraday—Qingdao Bank rose over 4% and China Construction Bank hit a record intraday high. Travel and hotels, photolithography/photoresist, liquor, insurance and aquaculture were active. Lagging sectors included coal, commercial space, components, reducers, PV equipment and smart grid. Combined Shanghai-Shenzhen turnover at mid-session was about CNY1.73 trillion, roughly CNY116.4 billion higher than the same period yesterday; about 1,100 stocks advanced and 4,300 declined.
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