United States
- AI capex cycle still supporting mega-cap tech
- Energy sector outperforming strongly
- Consumer sectors under pressure from oil prices
Reuters reported oil-driven inflation fears pushing yields higher and weighing on broader equities earlier this week.
Europe
- Earnings relatively resilient
- Strong vulnerability to imported energy inflation
- Industrials sensitive to oil shock
Japan
- Weak JPY continues supporting exporters
- Intervention fears increasing near 160
China / Hong Kong
- Stabilization continues
- Domestic demand remains weak
- Property concerns unresolved