"The FTSE 100 looks set to take a breather after reaching fresh records. Futures indicate a flat start to trading as some of the trends pushing the index higher ease off at the end of the week. With the threat of immediate action in Iran having receded, gold prices have fallen back, limiting progress for mining stocks. Energy giants also look set to be on the back foot, with oil prices in retreat, as the threat of disruption of Iran's oil output recedes."
"Wall Street has been on a roll, with the earnings season so far giving plenty of reasons for cheer, and futures indicate a higher open. The AI juggernaut clearly has further to run, with demand for AI chips seemingly insatiable for now. The surge in demand for AI products manufactured by TSMC has pricked up the ears of the US administration. It's agreed a deal for a reduction in tariffs for Taiwan, if companies like TSMC base more chip factories on US soil."
The FTSE 100 is expected to pause after reaching record highs as futures point to a flat start and momentum wanes. Easing Iran tensions have driven gold prices lower, limiting gains for mining stocks, while retreating oil prices weigh on energy giants. Wall Street looks set for a higher open as strong corporate earnings and robust demand for AI chips support markets. Surging sales at TSMC underscore continued AI-driven semiconductor demand and have prompted US moves on tariffs tied to onshore chip production. Geopolitical focus has shifted to Greenland, raising transatlantic tensions over US ambitions.
Read at London Business News | Londonlovesbusiness.com
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