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Updated Nov 3 • 2:11 PM
AI spending by megacaps has reignited risk appetite, lifting Asian equities even as a firmer dollar threatens returns — a pivotal mix for investors deciding whether to chase earnings-driven rallies or hedge currency exposure. The dynamic is captured inReuters global markets wrapup, where traders priced strong tech capex into valuations and rotated into AI beneficiaries. At the same time the dollar hovered near a three-month high, and investors are parsing upcoming U.S. data to judge the Federal Reserve's trajectory; that balance will determine real returns for internationally exposed portfolios. Monitor thedollar outlook and US datathis week — if prints stay strong, expect pressure on equities and a premium on hedges; if they soften, AI-led rallies may extend.
The Bank of England is likely to leave interest rates unchanged on Thursday, slowing its pace of cuts for the first time since policy began loosening last year. Softer inflation and wage data have left some analysts still expecting a reduction, but the bank appears to be taking a breather. The decision would recalibrate expectations for borrowing costs, markets and inflation dynamics.
Investor Kevin Rose proposes a simple emotional litmus test for AI hardware investors: ask whether the device would make one want to punch someone wearing it. That gut-check signals broader social acceptability, highlighting potential backlash, design flaws, or unsettling user experiences. Accounting for emotional reactions early can steer designers and investors toward safer, more adoptable hardware and reduce PR and regulatory risk.
ADNOC expanded its partnership with Gecko Robotics to accelerate AI and robotics adoption across operations and train UAE talent. The tie-up will deploy AI-driven inspection robots for pipelines, tanks, and infrastructure to detect corrosion and defects faster. Expected outcomes include reduced downtime, improved safety, and lower maintenance costs. The program also emphasizes local workforce development to transfer skills and support national tech ambitions.