The global markets experienced a subdued start to the week, attributed to holidays in several Asian countries and the United States. Notably, Japan’s latest GDP figures dampened expectations, mustering just 0.2% annualized growth against a projected 1.6%, with fiscal remedies now under discussion.
Positive trends were observed in Asian markets, driven by significant AI investments from tech firms. The Nikkei, Taiwan, and South Korea’s markets surged last week. Analysts voice concerns over tech giants prioritizing AI leadership over profitability.
Walmart, poised as the first $1 trillion retailer, leverages AI significantly in logistics and online sales. Their optimistic sales projections underscore the importance of efficient inventory management using AI. Upcoming European economic indicators and speeches from key financial figures could sway market movements further.
(With inputs from agencies.)
