Tech stocks have regained favour on the FTSE 100, easing some of the index's recent strength, as investors weigh possible rate hikes against stubborn inflation and Middle East tensions. Susannah Streeter of Wealth Club said Jensen Huang's defence of Nvidia's investment in CoreWeave had eased concerns over the AI infrastructure provider's debt, though doubts remain over whether AI spending will pay off if borrowing costs rise. Fed Chair Kevin Warsh gave an upbeat view of the US economy in Bangkok but no signal on the next rate decision. Oil remains supported by the conflict in the Middle East, with Brent crude around $105 a barrel. Wise shares fell in early trading despite raising its full-year revenue growth outlook to 17.5%–20%, after second-quarter net revenue rose 21% to $739 million, with growth slowing from 25% in the previous quarter and the cross-border take rate falling to 0.49%.
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Original headline: Tech rebound takes shine off FTSE as rate fears and Middle East tensions persist - ATV Today
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