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Brent crude is up over 1% intraday, trading at $101.18 per barrel.
2026-10-07
Brent crude is up over 1% intraday, trading at $101.18 per barrel.
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2026-10-07
JP Morgan chief portfolio manager Sylvia Sheng said higher policy rates will not derail the US economy because a strong AI-driven capex cycle is largely rate‑insensitive. She added financial conditions remain supportive, credit spreads are tight and
JP Morgan chief portfolio manager Sylvia Sheng said higher policy rates will not derail the US economy because a strong AI-driven capex cycle is largely rate‑insensitive. She added financial conditions remain supportive, credit spreads are tight and corporate fundamentals are intact. JP Morgan is constructive on equities, citing robust nominal growth, lower recession risk and a sustained AI capex and earnings cycle. The firm continues to overweight US equities, saying the US offers the broadest and most durable exposure to AI capex and applications and that earnings momentum is spreading beyond early AI beneficiaries; JP Morgan sees further room for AI-related capex expansion.
2026-10-07
Seoul announced a K-GX (Korea Green Transformation) energy-transition and decarbonisation plan to 2035 with a headline price tag of 1,000 tln won (~$747bn). The plan reportedly includes 200 tln won of fiscal spending, more than 790 tln won of climate
Seoul announced a K-GX (Korea Green Transformation) energy-transition and decarbonisation plan to 2035 with a headline price tag of 1,000 tln won (~$747bn). The plan reportedly includes 200 tln won of fiscal spending, more than 790 tln won of climate financing and a further 220 tln won of private-sector investment. Targets include 100 GW of renewable capacity by 2030 and electrified/hydrogen vehicles to exceed 70% of new-car sales by 2035. Policy support will focus on green steel, batteries, solar, wind, hydrogen and small modular reactors and aims to accelerate decarbonisation of the five highest-emitting sectors: steel, petrochemicals, refining, cement and semiconductors & displays, while developing 10 green industries including EVs, power semiconductors and carbon capture.
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