Stocks and futures retreated after major artificial intelligence companies called for a slowdown in the technology’s development, raising concerns about a sector that has powered this year’s rally. Oil rose. MSCI’s Asia Pacific equities index dropped 0.6%, with the Kospi Index — a barometer of AI investment — falling 2.4%. Chipmakers SK Hynix Inc. and Samsung Electronics Co. fell, while SoftBank Group Corp. slumped as much as 13% in Tokyo after OpenAI’s Chief Executive Officer Sam Altman said that the company won’t go public this year. Futures on the tech-heavy Nasdaq 100 Index declined 1.2% and those for the S&P 500 Index fell 0.5%. European shares were also set to open lower. Meanwhile, Brent crude rose 3.2% to $107.95 a barrel after Saudi Arabia shut a key oil pipeline following drone attacks and a planned meeting between Iran and Gulf states was postponed. The dollar strengthened and Treasuries held losses from last week’s selloff, which pushed the benchmark 10-year yield closer to 5%. That came after hotter-than-expected US inflation strengthened the case for higher interest rates. Swap traders now see a nearly 90% chance the Federal Reserve will raise its key rate Wednesday. Investors are re-evaluating the AI trade to gauge whether the weekend’s warnings could curb corporate spending and challenge earnings expectations across the supply chain. The shift comes at the start of a pivotal week for markets, with a Fed meeting ahead as rising oil prices fuel inflation concerns and keep borrowing costs elevated. Anthropic PBC Chief Executive Officer Dario Amodei said Saturday that the company would introduce additional safeguards, including independent third-party evaluations, and urged the broader industry to slow the development of its most advanced models. OpenAI’s Altman backed the proposal, while xAI’s Elon Musk said “Dario is right.” US President Donald Trump downplayed the growing alarm over AI risks with questions arising over how committed industry leaders will be to slowing development of their most advanced — and lucrative — models amid intense competition from Chinese rivals. The debate adds to scrutiny of the billions being poured into AI and whether earnings can justify soaring infrastructure costs. High-valuation shares remain vulnerable to signs of weaker returns or slower spending, though some investors expect any pullback to be short-lived as demand for computing infrastructure remains strong. In other corners of the market, gold slipped 0.4% to about $4,330 an ounce as growing bets on a Fed rate hike reduced the appeal of the non-yielding metal. A Bloomberg gauge of the dollar’s strength climbed 0.2%. The 10-year Treasury yield held at 4.98%, with attention turning to the Fed policy decision Wednesday. Three decisions, starting with the Fed and followed on successive days by policymakers in the UK and Japan, could reshape the global monetary policy outlook for the rest of 2026 and beyond. With oil emphatically above $100 a barrel again and the Middle East war apparently reigniting, any hope among policymakers for a respite in global price pressures seems faint for now.
Nikkei -0.98% Hang Seng +0.38% CSI -0.70% Kospi -3.49% Shanghai -0.16% Shenzen -0.27%
Eur$ 1.1565 CNH 6.7081 CNY 6.7074 JPY 154.01 GBP 1.3503 CHF 0.8183 RUB 84.5558 TRY 48.6205 WTI$ 102.71 +2.61% Gold 4,332.4 -0.40% BTC 77,580 +0.36% ETH 2,512.6 +0.06%
S&P -0.58% Nasdaq -1.33% EuroStoxx -0.43% FTSE +0.18% Dax -0.38% SMI +0.04%
Macro :
- Anthropic, OpenAI, Google Discuss Creating AI Standards: Info
- From Bailout to Mayfair Rival: Greece Lures Hedge Fund Elite
- Situational Awareness Working With Brokerage Clear Street: FT
- Situational Awareness Working With Brokerage Clear Street: FT
- Yuan Gains, Defying Dollar Strength Fueled by Fed Rate-Hike Bets
- Reuters: Okinawa election win may give Tokyo freer hand on military build-up https://t.co/aKnpyPmFxy https://t.co/aKnpyPmFxy
- Situational Awareness Active in Options Market: CNBC’s Faber
- Hedge Funds Show Restraint on Leverage: Equity Insight
- David Tepper makes surprising double bet on AI's biggest bottleneck
- US Convertible Bond Market Hits Record as AI Spending Surges
- Kospi’s Double Top Trouble Is Warning for Global AI: MLIV Chart
Keep an eye on :
- AMZN US : Amazon Halts Operations With 21 Air After Fatal Miami Crash
- Anthropic IPO : Goldman, BofA Vie to Manage Anthropic Staffers’ IPO Millions
- Anthropic IPO : Anthropic Said to Choose Nasdaq for Much-Anticipated IPO Listing
- Anthropic IPO : Anthropic Expects an Operating Profit This Quarter, FT Says (1)
- APO US : Apollo Global Is Said in Talks to Acquire J&J’s Orthopedics Unit
- APO US : Apollo Global Is Said in Talks to Acquire J&J’s Orthopedics Unit
- POST AV : Austrian Post Agrees to Pay €47.8m in Compensation to State
- AZN LN : AstraZeneca Says Breast Cancer Pill Fails in Key Study -- AZN -2%
- AZN LN : Astra-Daiichi’s Enhertu Shows 6-Month Improvement in Median PFS
- BAS GY : BASF Said to Pick Banks to Run IPO of €20 Billion Agrichems Unit
- CAP FP : Capgemini To Sell Government Solutions Unit to ITC Federal
- BAMI IM : Monte Paschi: Bids for Banco BPM, Banca Generali ‘Irrevocable’
- BFF IM : Cerberus Offers to Take Stake in BFF as Bank Weighs Options (1)
- CCBG BB : Belgian Cabinet Said to Agree to Advance 20% Belfius Stake Sale
- BA US : Boeing’s Final Offer to Engineers Union Includes 10% Wage Hike
- BA US : Boeing’s Final Offer to Engineers Union Includes 10% Wage Hike
- IAG LN : Military Jet Flight Plan Triggered Events Leading to Shutdown:FT
- CLS CN : Celestica Rises as Longtime CFO Mandeep Chawla Moves to New Role
- CCH LN : S. Africa Antitrust Regulator Approves Coca-Cola Bottling Merger
- Cohere IPO : Cohere in Talks to Raise up to $3b at $20b Valuation: Globe
- CL US : Colgate-Palmolive Mulls Sale of Some Personal Care Brands: Rtrs
- CVC NA : CVC Faces Shareholder Revolt on Recordati Privatization Deal:FT
- DELL US : Michael Dell’s family office nears deal to take insurance broker private
- DB1 GY : Euronext Open to Merger With Rival Deutsche Börse, CEO Tells FT
- DIE BB : Windshield megadeal could fix Europe’s broken IPO window - FT
- EDF FP : EDF Says Workers Strike at Flamanville Nuclear Plant
- ENX FP : Euronext Open to Merger With Rival Deutsche Börse, CEO Tells FT
- FRMI US : Fermi Co-Founder Neugebauer Says Board Should Review Options
- Firehawk Aerospace IPO : 1789 Capital-Backed Firehawk Seeks Funds at $1.25 Billion Value
- FLTR LN : Michael Burry Sells Entire Position in FanDuel Parent Flutter
- GAMA LN : Waterland No Longer Acting in Concert With Giacom on Gamma Bid
- GNFT FP : will joined SBF120 on the 21st of September
- GSK LN : GSK's Jideytro Hits 94% Response Rate in First-Line NSCLC
- GLEN LN : Mercuria and Glencore Said to Vie for Venezuela Aluminum Deal
- HOT GY : Awarded APA contract for 72MW Sybella solar farm and 52MW/104MWh BESS in Queensland; Terms undisclosed
- HUSQB SS : Husqvarna Gets FCC Conditional Approval for Robotic Mowers
- ISS DC : ISS A/S Announces New Midterm Financial Targets for 2026-2028
- ITP FP : will exit SBF120 on the 21st of September
- IVA FP : will joined SBF120 on the 21st of September
- JNJ US : Apollo Global Is Said in Talks to Acquire J&J’s Orthopedics Unit
- Kalshi IPO : Kalshi Moves to Expand Into US Stock and Commodity Markets
- LULU US : Lululemon’s Newest Bear Sees More Pain Ahead After 81% Rout
- LULU US : Lululemon’s Founder Is Getting Divorced. What It Will Mean for His Fortune. - WSJ
- BMPS IM : Monte Paschi CEO Sees Generali Deal as Start of Wider Tie-Up
- BMPS IM : Monte Paschi: Bids for Banco BPM, Banca Generali ‘Irrevocable’
- NDX1 GY : Awarded APA contract for 72MW Sybella solar farm and 52MW/104MWh BESS in Queensland; Terms undisclosed
- NOVOB DC : Novo Plans to Change Name by Dropping ‘Nordisk,’ Finans Says
- NVDA US : Musk ‘Highly Confident’ to Launch Nvidia AI Computers in Space
- Open AI IPO : OpenAI’s Altman Voices Support for ‘Pacing’ AI Development
- ORCL US : Larry Ellison cancels $7.5bn Oracle share sale - FT
- REC IM : CVC Faces Shareholder Revolt on Recordati Privatization Deal:FT
- RHM GY : Germany to Approve Small Boxer Batches as Large Orders Languish
- RWE GY : RWE, Masdar Enter Offshore Wind, LNG Supply Deals
- SLB US : Arabian Drilling Signs 2B Riyal Pact for 8 Land Rigs with SLB
- ENR GY : Technip Announces Electrified LNG Solution With Siemens Energy
- SDR LN : Schroders Considers Acquisitions to Grow Wealth Unit: FT
- SPI LN : Spire Share Sale by Bridgemere Breached Rule: Takeover Panel
- STLA US : Unifor, Stellantis Talks Hit Impasse Over Ontario Plant
- STLA US : Stellantis to Invest More Than €1 Billion to Build Van in France
- TE FP : Technip Announces Electrified LNG Solution With Siemens Energy
- TRB LN : Main Capital to Buy Tribal Group Businesses for ~£189.3m
- VRLA FP : will exit SBF120 on the 21st of September
- VSAT US : Space42, Viasat in Pact for $1b Connectivity-Boosting Platform
- WAVE FP : Wavestone s'offre le cabinet de conseil américain Sand Cherry