Elsewhere, Enrico Chinello, Next Generation Research Analyst, Julius Baer, suggests Open AI could remain in the red longer than Anthropic which is likely to turn in an operating profit this year.
Three global events are coalescing in the week of June 15-19 that are likely to impact the local market. The World Cup and the first week’s performance of Space Exploration Technologies Corporation (SpaceX) are coalescing with the first Federal Open Market Committee (FOMC) meeting presided over by the Federal Reserve’s new chair Kevin Warsh to be held on June 16-17. On the Federal funds rate front, both Polymarket and Kalshi have them unchanged at 3.50-3.75%.
RHB Global Markets and Economic Strategy research it is expecting the FFR to stay unchanged for the rest of 2026 with one hike in 2027. RHB also says its proprietary RHB Risk Sentiment Index plummeted to the risk-neutral zone, a signal that investors are spooked over the recent conflict escalation in the Middle East.
