AGP Executive Report
Last update: 11 hours agoMarkets Jolt on Iran, Rates: New Zealand’s NZX 50 slid 1.6% as US bond yields ticked up and oil climbed after Trump warned Iran the “clock is ticking,” dragging sentiment across Asia. China Growth Cools: China’s April industrial output rose just 4.1% and retail sales barely 0.2%, reinforcing a property-hit slowdown even as exports stayed resilient. Banks at a Profit Edge: Chinese commercial banks eked out 2.3% net profit growth in 2025, but net interest margins hit record lows, keeping pressure on earnings. U.S.-China Trade Truce, Narrow Gains: Trump’s China visit helped stabilize expectations for US soybeans, while the White House says China will buy about $17bn a year in US ag products—plus beef and poultry access. Auto Deal to Restart China Venture: Stellantis and Dongfeng agreed to revive their China JV with a major capital injection to produce Peugeot and Jeep models for global markets. Aviation Pivot: Boeing landed its first China contract in nine years—200 aircraft—after a CEO trip reopened the market. Tech & Security: Japan urged cybersecurity steps after concerns about misuse of Anthropic’s Claude Mythos.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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