Cyprus Economy Grows 3.3% In First Half Of 2026 As Fiscal Position Strengthens

by THEFUTURE.TEAM

September 2, 2026

Cyprus’ economy grew 3.3% in the first half of 2026, more than three times the average expansion across European Union member states, Finance Minister Makis Keravnos said Wednesday.

Speaking to the Cyprus News Agency, Keravnos said the economy had maintained a strong pace of growth despite continued pressure from the global environment. Eurozone growth stood at 1% over the same period, he said.

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Growth Spreads Across Several Sectors

“We are growing at a rate more than three times the European average, at a time when most European economies are struggling,” Keravnos said.

Several sectors contributed to Cyprus’ expansion, including wholesale and retail trade, communications, insurance and construction. Keravnos said the distribution of growth across multiple areas of the economy reduced its reliance on any single sector.

Government Posts €770.6 Million Surplus

Cyprus’ public finances also remained in surplus. The government recorded a fiscal surplus of €770.6 million, equivalent to 2% of GDP.

Public debt fell to 55% of GDP at the end of last year, below the EU’s 60% benchmark for the first time since 2009. Unemployment remained around 4% during the first half of 2026.

Rating Agencies Maintain Investment-Grade Assessments

Recent decisions by international rating agencies have also reflected Cyprus’ economic and fiscal performance, Keravnos said.

Standard & Poor’s and Fitch maintained Cyprus’ rating at A- with a positive outlook in March and May, respectively. Moody’s affirmed its A3 rating in May.

Fitch and Moody’s are both scheduled to conduct their next reviews of Cyprus in November.

Inflation And Geopolitical Risks Remain

Keravnos also cautioned that the economy continues to face risks from regional conflicts and higher energy prices. Both factors have contributed to rising inflation and increased pressure on households and businesses.

Inflation climbed from 0.5% in January to 3.1% in June, while the government expects the rate to reach about 4% by the end of the year.

The government plans to continue measures aimed at easing pressure on households and businesses while maintaining fiscal discipline, Keravnos said.

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Dell’s Earnings Beat Puts The AI Trade To The Test

by THEFUTURE.TEAM

September 2, 2026

Dell Technologies has become a key stock to watch after its latest earnings report strengthened the case for continued AI infrastructure spending but failed to trigger a sustained rally.

Shares jumped more than 13% after Tuesday’s opening bell before giving back much of the gain. By late morning Wednesday, the stock was up about 5%, raising questions about whether strong AI-related earnings are still enough to drive higher valuations.

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Strong Results Meet A More Skeptical Market

The reaction echoes last week’s trading in Nvidia. Its shares climbed nearly 9% after strong quarterly results and a stronger long-term outlook, only to surrender much of the advance in subsequent sessions.

That pattern has encouraged some investors to reduce exposure to AI stocks. Strong results remain evident, but markets appear less willing to reward them with sustained valuation expansion.

Dell Raises 2027 Earnings Outlook

Three months ago, Dell shares surged almost 33% after the company raised its fiscal 2027 adjusted earnings-per-share guidance by 39%. Analysts followed by lifting their own estimates, while the stock retained most of its gains.

This time, Dell raised fiscal 2027 earnings guidance to $25.50 from $17.90, an increase of about 42.5%. Street consensus rose nearly 29% overnight, yet the stock was up only about 5% in Wednesday trading.

The weaker share-price reaction suggests investors are applying a more cautious valuation to Dell than they did in May.

AI Exposure Faces Greater Caution

We have been raising cash for the Club as the AI trade has become more volatile and less predictable. Tuesday’s decision to exit Corning increased our cash position to about 15%.

If capital is redeployed, it would likely favor more defensive areas outside AI. That reflects greater caution over valuations and positioning rather than a rejection of the AI investment theme.

Dell’s Trading Could Set The Tone

A further rise in Dell shares would suggest investors remain willing to increase AI exposure, while a flat performance would point to greater valuation discipline. A decline could indicate that much of the earnings upside is already priced in.

Dell’s report, along with Broadcom’s results due Wednesday evening, could still improve sentiment across the group. If investors continue to discount strong AI earnings, however, the case for a more defensive approach will strengthen.

For now, Dell offers a real-time test of whether strong AI-related earnings can continue to drive valuations higher as investor caution increases.

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