Eurostoxx falls 1.5% and CAC 40 drops 1.4% as French ten-year yields break through the 5% level for the first time in 23 years. The OAT-Bund spread has now reached levels last seen during the eurozone debt crisis, and Moody's review of France's credit rating tomorrow keeps markets on edge.
Meta announces an effective stock split through new non-voting shares and confirms a $9.9 billion provision related to lawsuits in the third quarter.
The US Treasury sold $13 billion in 20-year bonds at a record-high yield of 5.469%, up from 5.420% in the previous round. A tail of 0.9 basis points and weaker indirect bidding point to structural indigestion in long-term rates — with ripple effects for stocks, the dollar, and risk assets.
Nvidia has surpassed $5 trillion in market value, but an increasing number of analysts are questioning whether the hyperscalers' enormous AI investments can continue at the same pace. Here is the bull and bear case.
Australian data center operator NEXTDC slashed its FY27 guidance sharply after grid expansion work for its M3 Melbourne facility was halted due to local opposition. The stock fell as much as 44 percent, putting the spotlight on the power grid as a new bottleneck for AI buildout globally.
A leaked IPO draft shows Anthropic increased revenue nearly fifteen-fold in the first half of the year, while the company has committed to over $600 billion in computing agreements and is reporting a record accounting loss.
President Trump has signed, but simultaneously postponed, new punitive measures against Russia. The oil price fell nearly 2 percent when the market opened Monday.
The International Monetary Fund believes the Bank of Japan is on the right track with gradual rate hikes, but asks the central bank to be ready to act faster if price growth takes off. The analysis points to a neutral rate of 1.1–2.2 percent by 2027.
The US 10-year yield has crossed 5% for the first time since the mid-2000s. History from 2007 shows that a similar rate level preceded a sharp drop in the S&P 500 – but one data point is far from a guarantee.
