MORNING BID EUROPE-AI rally powers on, Trump-Xi summit takes centre stage
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The AI-led market rally continues as investors overlook high interest rates and oil prices above $100. A summit between U.S. President Trump and China's Xi Jinping is underway, focusing on trade and geopolitical tensions, with low expectations from the talks. Asian markets, particularly South Korea and Japan, are performing well, driven by AI investments. Key UK economic data is anticipated, reflecting the impact of the ongoing Iran war on the economy. Prime Minister Starmer faces pressure following local election losses.
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