Defiant UK Prime Minister Starmer Tells Cabinet He's Staying | The Pulse 05/12/2026

Summary

The video covers escalating political pressure on UK Prime Minister Keir Starmer, with market implications for gilts and sterling. It also discusses the ongoing Strait of Hormuz closure and its impact on oil supply, as well as credit market dynamics, AI capex, and investor sentiment at JPMorgan's Global Markets Conference in Paris.

• UK PM Starmer faces growing rebellion, tells cabinet he is staying despite calls to step down.
• UK gilt yields hit highest since 1998 and sterling weakens amid political uncertainty.
• Strait of Hormuz closure continues; supply disruption could last until 2027.
• Credit markets show resilience with strong corporate fundamentals and elevated yields.
• Hyper scalers are diversifying debt issuance into European and other markets.
• AI capex remains a major driver, but monetization concerns linger.
• MSCI CEO notes concentration in tech stocks and continued flows into AI and emerging markets.
• Private credit faces retail redemption pressure but institutional funds remain stable.