ADVFN US – Market Content Editor

HSBC expects third-quarter corporate earnings to provide further support for global equity markets, citing improving profit forecasts, growing demand for artificial intelligence computing capacity and signs of increased AI monetisation. In a research note published on Tuesday, Alastair Pinder, the bank’s head of emerging market and global equity strategy, maintained a positive outlook on equities…

Yardeni Research has reduced its year-end S&P 500 target to 7,900 from 8,400, citing expectations that continued risk aversion among investors will place further pressure on equity valuations. The investment research firm maintained its forecast for corporate earnings growth and continues to expect the US economy to avoid a recession through 2029. However, it lowered…

Federal Reserve Chair Kevin Warsh said artificial intelligence could increase economic productivity over the medium term, although the transition may create uncertainty for employment, inflation and financial markets. Speaking at an International Monetary Fund forum during the annual meetings in Bangkok on Friday, Warsh said AI was initially contributing to economic demand, while its longer-term…

Bank of America has identified similarities between the current artificial intelligence investment cycle and previous periods of large-scale capital spending, citing rising investment expectations, increased competition and declining prices for AI services. In a note to clients on Friday, investment strategist Sebastian Raedler examined whether AI infrastructure spending could follow the pattern of earlier capital…

The World Bank plans to increase its critical minerals business fivefold over the next five years, with a target of $19 billion in financing between fiscal 2026 and 2030, according to President Ajay Banga. Speaking during a plenary session at the International Monetary Fund and World Bank annual meetings in Bangkok, Banga said the development…