Markets are pushing higher as strong earnings and surging AI investment continue to drive momentum, with tech and semi-leading gains despite stretched valuations. Plus, rising capex from hyperscalers and demand for infrastructure are reinforcing the bullish narrative. Later, central bank uncertainty, geopolitical tensions, and shifting policy dynamics keep risks elevated for markets and global growth.<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets rally on AI and earnings as policy and geopolitics add risk 4/27/26

Morning Call

I'm Morgan Brennan and this is your Morning Call.

We take a check there too. You can see dollar slightly weaker against other major currencies and that is playing out in the index this morning, 98.28. And finally, let's take a look at energy with crude coming off of its best week since early March and as you can see marching higher again this morning with WTI up 2% 96.31 per barrel right now and up more than 2% for Brent crude at $107.70 per barrel.

This, of course, after we saw the U.S. cancel its plans to send its delegation to Pakistan over the weekend. If we get a check on the action around the world as well, JP Ong has the trade out of Asia. Steve Sedgwick has the early trading in London. Gentlemen, it's great to see you, if not in person this week, at least from afar. Steve, let's kick it off with you. Oh, Morgan, I absolutely love working with you and JP and Scott and Deirdre last week.

It's just fantastic that we could all get together in Asia. But look, European markets last week were down a couple of percent and really not enjoying that upside that the U.S. earning season is giving to U.S. tech and then the broader market as well. But markets are seeing a tepid start to trade here in Europe as investors digest the latest developments in the Iran war. Anticipation also building ahead of major earnings, as you know better than I do, on this week

on both sides of the Atlantic and a series of rate decisions across the globe, including the ECB and the Bank of England. But difficult to see how they can do anything.

Markets rally on AI and earnings as policy and geopolitics add risk 4/27/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Markets rally on AI and earnings as policy and geopolitics add risk 4/27/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.