Geoffrey Dennis, Independent EM Commentator, cautions against expecting a sustained decline in crude oil prices following US President Donald Trump's comments on Iran. He believes Brent crude could continue trading in the $95-$115 per barrel range unless there is significantly more progress towards peace.
\n\nOn global equities, Dennis believes the recent weakness in AI stocks does not necessarily signal the end of the AI trade, as strong earnings growth could continue to support valuations.
\n\nHowever, disappointing earnings from some companies have dented investor confidence, while massive spending commitments on data centres and computing capacity remain a key risk for the sector.
\n\nHe also expects a possible Democratic sweep in the US midterm elections, which could increase regulatory pressure on AI companies.
\n\nCatch all the latest updates from the stock market here
\n\nNeogen Chemicals shares gain 4% on raising standalone biz revenue guidance after Q2 results
\n\nPimco CEO warns AI financing is on path to become ‘too much’
\n\nDhanteras gold buying: How you can put your old jewellery to work
\n\nHere are five pharma and healthcare stocks that will be reacting to their Q2 results today
Original source: https://www.cnbctv18.com/entertainment/
