Eurozone inflation eased to 2.8% in June as lower energy prices cooled consumer costs, strengthening expectations that the European Central Bank will keep interest rates unchanged at its July meeting.
GCC banks are expected to post strong profits in 2026, led by Al Rajhi Bank with forecast earnings growth of 13.6%, according to S&P Global Market Intelligence.
The AI-driven chip rally still has room to run, according to analysts, with companies such as Nvidia, AMD, Broadcom, Taiwan Semiconductor, and Micron positioned to benefit from surging demand for AI infrastructure. While concerns over valuations and market exuberance persist, growing investment in AI data centers and the rise of AI agents are expected to support long-term growth across the semiconductor sector.
02/06/2026
