AI News Hub Logo

AI News Hub

Tech to Remain 'Resilient' to Higher Rates, JPM Says

Bloomberg Technology
Bloomberg Technology

Fabio Bassi, head of cross-asset strategy at JPMorgan, discusses market sentiment as global equities rose on optimism that the US and Iran were nearing a deal. "The AI upstream theme is a critical diver of the dynamic of the equity market," Bassi tells Bloomberg Television. He adds that despite the oil supply shock in response to the situation in the Middle East, the message from earnings is still "positive." (Source: Bloomberg)