International Market Intelligence Morning Briefing

The J.P. Morgan morning briefing highlights the start of the Trump-Xi summit and the US clearing Chinese firms for NVIDIA chip purchases. It also details UK political risks and extreme bullish positioning in the Tech sector.

Key Takeaways

• 1.The Trump-Xi summit begins with the US allowing 10 Chinese firms to buy NVIDIA H200 AI chips, significantly boosting global risk sentiment.
• 2.UK political stability is at risk with a potential leadership challenge for Starmer; fiscal headroom has narrowed significantly due to rising borrowing costs.
• 3.Technology remains the primary driver of market positioning, with retail and hedge fund buying reaching extreme levels.

Table of Contents

• MKT INTEL VIEWS
• Agenda for the Xi-Trump Summit
• A few observations on current oil supply
• IDEA & INSIGHTS – IN BRIEF
• IDEAS & INSIGHTS – IN DETAIL
• OVERNIGHT RECAP
• POSITIONING INTELLIGENCE
• Report: Weekly Wrap | The Tech Trade Rolls On
• J.P. Morgan Global Market Intelligence Contacts

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