Mixed tech earnings, and a dollar slump

The dollar has been trading around multi-year lows against its peers, but the downward trend may not last, says Dr. Jacky Tang, the Private Bank's emerging markets CIO, in his first appearance on the Perspectives podcast. "While a weak US dollar favours Asian equities and uplifts gold prices, as we can see from the recent price action, we need to also look at the US macro picture." He said he expects the dollar to stabilise after a period of being rocked by geopolitical developments.

Corporate earnings season is still in its early stages, but some important technology names have already reported. "Big tech earnings were mixed," Jacky says, noting some disappointing cloud revenue. "The economy appears stable. However, investors are watching for winners or losers in the AI space."

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