iSAM Expands UK Presence with Move to New London Headquarters

Equity momentum continues to come out of Asia. Alibaba surged almost 14% after positive earnings and capital expenditure plans surprised markets, dragging much of the region’s technology stocks with it. After the DeepSeek momentum, positive surprises like this are grabbing investors' attention, with some speculating that China could even lead in the AI race.

Tesla is the talk of the town today, with their shares soaring 12% in post-market trading in New York. The EV maker reported its biggest quarterly profit in more than a year and issued upbeat forecasts for 2025. Elon Musk used the earnings call for his only publicly traded company to discuss what he might do if given a potential role in a Trump administration, should the former president return to the White House.

What a week! The Fed cut rates by 0.25 bps yesterday, as did the BoE, and Trump won with 295 seats to Harris's 226.