Everything you need to know, Simplified! Summary Global equity indices moved only modestly lower, but beneath the surface markets saw a sharp rotation as investors reassessed AI winners and losers, with financial services replacing enterprise software as the latest focus of disruption fears Wealth management, insurance and broader financial stocks sold off as markets adopted a ‘shoot first, ask questions later’ stance toward businesses seen as exposed to automation, leaving t

Everything you need to know, Simplified! Summary Software stocks suffered a historic sell-off as investors reassessed the impact of Artificial Intelligence (AI) on the sector The sell-off has been broad and indiscriminate so far, but differentiation between winners and losers is likely to emerge Despite this, global equities showed resilience, finishing the week higher as investors rotated toward defensives, cyclicals and smaller companies US manufacturing data surprised shar

Everything you need to know, Simplified! Summary President Trump nominated Kevin Warsh as the next chair of the US Federal Reserve (Fed), a pick which eased concern over central bank independence and sent gold and silver prices falling heavily The Fed kept rates unchanged, in line with expectations, and US equities were broadly flat on the week as markets digested falling consumer confidence, steady employment data and a rebound in durable goods orders European equities were

Everything you need to know, Simplified! Summary UK Prime Minister calls for calm as EU leaders consider retaliatory tariffs in response to US pressure over Greenland US inflation stayed the course at 2.7% whilst European inflation eased to 2.0%, returning to target Taiwan Semi-Conductor sparked another leg up in the Artificial Intelligence (AI) rally on strong earnings momentum Silver prices reached all-time highs, but faced mid-week volatility on ‘critical metal’ tariff exc