Republican sweep raises risks to the outlook – ABN AMRO

Tradingkey - On May 21, NVIDIA's stellar earnings results were released as expected, while OpenAI's plan to file for an IPO in the coming weeks further ignited market enthusiasm for the AI sector, driving a broad recovery in Asia-Pacific equity markets. Core NVIDIA supply chain plays, including Samsung Electronics, SK Hynix, TSMC, and Advantest, rose in response and strengthened across the board. Geopolitical tensions also showed signs of easing; according to AXIOS, the U.S. and Iran plan to initiate 30-day negotiations. U.S. sources stated that Trump told Netanyahu that mediators are drafting a "Letter of Intent" to be signed by the U.S. and Iran to formally end the conflict and launch a 30-day negotiation period regarding Iran’s nuclear program, the opening of the Strait of Hormuz, and other issues.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $98.20 during the early European trading hours on Thursday. The WTI price edges lower after US President Donald Trump said talks with Iran are in the final stages.

TradingKey - Iran war is quietly lifting inflation and computing costs through oil, fertilizer, and helium supply chains—and rewriting the real economics behind the AI bull market.

TradingKey - Is your wealth really growing, or just quietly paying down America’s debt for it?

TradingKey - For a while, talk of a U.S. recession had slipped quietly into the background, replaced by a more familiar mix of inflation concerns and trump tariffs. Now, it is back at the centre of the conversation.