The impact of AI on targeted sectors continues to dominate equity markets, especially in the software space. The sector could face a complete revolution, with AI set to rewrite software globally. This could well be what is in store for many sectors, but an integral cost-benefit analysis will come and may confirm many fears. German inflation and Unemployment data is set to be released tonight but this is expected to be benign. The US Dollar solidified, with the EUR slipping below 1.1800, while the GBP fell below 1.3500.The firmer reserve pushed the AUD back below 0.7100, while dreams of 0.6000 for the kiwi, become more elusive. Japanese inflation and Industrial Production data is set to be released today, and markets hope for positive numbers, to reinforce the ‘Takaichi Trade’.
