US equity-index futures rose as the final full trading week of 2025 began, after worries over earnings of technology companies and heavy AI spending sparked a selloff on Wall Street. Contracts for the S&P 500 and the Nasdaq 100 indexes advanced 0.2%, after the gauges retreated more than 1% Friday, along with tech stocks. Asian shares followed on Monday, with South Korea — a poster child for AI exuberance — slipping 1.2%. Futures also indicated gains for European stocks at the open. Global risk appetite has been ebbing amid skepticism that tech stocks, which have propelled global benchmarks to record highs, can continue to warrant their lofty valuations and aggressive AI spending. Much of that investment reflects a long-term bet on technologies that may take years to generate meaningful commercial returns, adding to near-term uncertainty. From a recent selloff in the shares of Nvidia Corp., to Oracle Corp.’s plunge after reporting mounting spending on AI, to souring sentiment around a network of companies exposed to OpenAI, signs of skepticism are increasing. Looking to 2026, the debate among investors is whether to rein in AI exposure ahead of a potential bubble popping, or to double down to capitalize on the game-changing technology. The queasiness about the AI trade involves its uses, the enormous cost of developing it, and whether consumers ultimately will pay for the services. Those answers will have major implications for the stock market’s future. Elsewhere, Chinese indexes edged lower after the latest data showed retail sales growth was the weakest since Covid, while investment slumped further. In other corners of the market, gold was set for a fifth day of gains after conflicting remarks from Federal Reserve officials prompted traders to curb bets on further monetary easing in the US next year. The yellow metal has surged more than 60% this year and silver has more than doubled — with both on track for their best annual performances since 1979. Copper rose along with zinc and aluminum as investors refocused on prospects for a tighter market in 2026. Treasuries edged higher, while a gauge of the dollar was little changed ahead of US payrolls and inflation data due later this week that will give traders more clues on the health of the world’s biggest economy. This week, the final flurry of major central bank policy meetings is due, including those from the Bank of England and the Bank of Japan. The big debate in the US Treasury market over the extent of Fed rate cuts is about to heat up with a string of key economic data releases. This week will go a long way to filling in the data void created by the US government shutdown, with the delayed announcements of monthly employment and inflation figures, and then early January brings more key jobs data. The reports will help answer the overarching question entering 2026 of whether the Fed is close to being done easing, after three straight cuts, or if it has to move more aggressively.
Nikkei -1.31% Hang Seng -1.28% CSI -0.58% Shanghai -0.53% Shenzen -0.77%
Eur$ 1.1733 CNH 7.0484 CNY 7.0510 JPY 155.08 GBP 1.3361 CHF 0.7961 RUB 79.6246 TRY 42.6977 WTI$ 57.73 +0.50% Gold 4,339 +0.92% BTC 89,530 +1.20% ETH 3,117 +1.14% SOL 131.80 +1.44%
S&P +0.29% Nasdaq +0.25% EuroStoxx +0.37% FTSE +0.37% Dax +0.46% SMI +0.41%
Macro :
- Satoshi Nakamoto's Multi-Billion Dollar Bitcoin Fortune At Risk After Quantum Hack? Analyst Counters Eventuality Of Massive
- Wall Street Sees an AI Bubble Forming and Is Gaming What Pops It
- Jared Kushner eyes Apollo, KKR to join Ukraine’s postwar reconstruction fund: sources - NY Post
- Europe Tries to Buy Time for Car Industry Stuck in the Present
- Nasdaq adds Six Comapnies : Alnylam Pharmaceuticals, Ferrovial, Insmed incorporated, Monolithic Power Systems, Seagate Technology Holdings, Western Digital Corp will be added to the index. Biogen, CDW Corporation, GlobalFoundries, Lululemon Athletica, ON Semiconductor, The Trade Desk will be removed from the index
- Nasdaq adds Six Comapnies : Alnylam Pharmaceuticals, Ferrovial, Insmed incorporated, Monolithic Power Systems, Seagate Technology Holdings, Western Digital Corp will be added to the index. Biogen, CDW Corporation, GlobalFoundries, Lululemon Athletica, ON Semiconductor, The Trade Desk will be removed from the index
- Chinese AI Euphoria Obscures a Gloomier Technological Reality
- Shake Shack, Cava, Chipotle Among World Cup Beneficiaries: Baird
- EU and India Unlikely to Finalize Trade Agreement by End of Year
- Austria Tightens Bank Capital Rules as Property Woes Persist
- Vanguard Equity Quant Says Bitcoin Still a Digital Toy, For Now
- Green Stocks Are Big Winners as Tech Boom Drives Energy Demand
- The U.S. Economy Looks Stable for 2026—and You’ll Feel Better About It, Too - Barrons
- SpaceX Starts a Wall Street Bake-Off to Hire Banks for Possible IPO -- WSJ
Keep an eye on :
Keep an eye on :
- AA Ipo : UK’s AA Mulls Potential £5b Sale or Listing: FT
- ANA SM : Acciona puts its wind farms in Aragon up for sale for more than 100 million : El Economista
- ARGC BB : Argenx Says Efgartigimod SC Phase 3 Studies to be Discontinued
- BAYN GY : Biocon Reaches Agreement with Regeneron, Bayer on Biosimilar
- CA FP : Carrefour sells four more hypermarkets and has accumulated €600 million in divestments since 2021
- CAVA US : Shake Shack, Cava, Chipotle Among World Cup Beneficiaries: Baird
- 3993 HK : China’s CMOC Agrees to Buy Brazilian Gold Mines for $1 Billion
- COIN US : Coinbase to soon unveil prediction markets powered by Kalshi, source says
- COTY US : Coty Chair Harf to Leave as JAB Plans Leadership Shake-Up: FT
- DANSKE DC : Danske Confirms Conclusion of US Department of Justice Probation
- DHER GY : Delivery Hero Chairperson Skogen Lund Backs CEO Ostberg: FT
- DTE GY : The Publicity War Between AT&T and T-Mobile Is Getting Ugly - WSJ
- DIS US : Disney's Investment in OpenAI Followed Months of Talks Deal Designed to Avoid Contentious Issue in Hollywood -- WSJ
- ENEL IM : Enel says it has restored power to 99% of affected customers since Wednesday, Sunday, December 14, 2025, 11:43:16
- ENEL IM : Brazil's Ministry of Mines and Energy says Enel could lose its concession in São Paulo if it fails to meet its
- ENGI FP : Acwa Completes Purchase of Assets in Kuwait, Bahrain from Engie
- EBS AV : Austria Tightens Bank Capital Rules as Property Woes Persist
- EXO NA : Agnellis Said to Oppose Tether’s Football Club Juventus Bid
- GE US : GE Can Be Trillion-Dollar Stock on Defense Megatrends, Citi Says
- GEOS NO : Golden Energy Offshore Services Offering Prices at NOK8/Share
- GOOGL US : Google Signs Solar Power Pact in Malaysia With Shizen Energy
- GTT FP : GTT Group Names François Michel as CEO Starting Jan. 5
- HNSA SS : Hansa Biopharma to Strengthen Europe, International Organisation
- HAV NA : Ad Agency Stocks Seen Turning AI Disruption to Their Advantage
- HAVI NO : Havila Shipping Says Banks Demand Prepayment of Debt
- HBMN SW : SK Capital Agrees to Buy Majority Stake in Swixx Biopharma
- HUBU SW : Huber+Suhner Now Sees 2025 Net Sales Down ~3% Y/y
- IBM US : How Quantum Computing Could Put IBM Back on Top Again - Barron's
- INTC US : Intel Is Said to Near $1.6 Billion Deal for Chip Firm SambaNova
- JNJ US : FDA Approves Janssen Biotech’s Akeega for BRCA2-Mutated mCSPC
- JNJ US : Ordered to pay $40M to two women in latest talc case in California; JNJ plans to appeal - press
- JUVE IM : Agnellis Said to Oppose Tether’s Football Club Juventus Bid
- JUVE IM : Tether Submits Proposal for Entire Juventus Stake
- KOG NO : Kongsberg Awarded $240m Firm-Fixed-Price Contract for Missiles
- LENZ US : LENZ Hit by Selloff as Investors Weigh Retinal-Tear Report (-26%)
- LULU US : Lululemon’s CEO Faced Mounting Pressure. Then Came the Attack Ad
- ML FP : Law Firm Says Jury Returns $220m Verdict Against Michelin
- MSFT US : Microsoft Names Xavier Pokorzynski Gaming CFO: Verge
- 688795 CH : Moore Threads : Chinese AI Euphoria Masks Long-Term Technological Challenges
- NEOBO SS : Neobo Fastigheter Streamlines Portfolio Under SEK19 Million Industrial Property Sale
- Open AI : OpenAI to End Equity Vesting Period for Employees, WSJ Says
- ORCL US : Oracle Delays OpenAI Data Centers to 2028
- ORCL US : Oracle Bonds Trade Like Junk as Spreads Widen, Debt Risk Flares
- PUB FP : Ad Agency Stocks Seen Turning AI Disruption to Their Advantage
- RBI AV : Austria Tightens Bank Capital Rules as Property Woes Persist
- SAN FP : Sanofi Says FDA Decision on MS-Drug Tolebrutinib Delayed, Sanofi Multiple Sclerosis Drug Hit by Double Setback
- SWTQ SW : Schweiter Technologies Sees FY EBITDA Around CHF70m
- SIKA SW : Sika Agrees to Buy Finja; No Transaction Terms Disclosed
- SKAB SS : Skanska Gets SEK550m Contract for Kungsbacka Arena Construction
- SpaceX IPO : SpaceX Sets $800 Billion Valuation, Confirms 2026 IPO Plans
- SpaceX IPO : SpaceX Sets $800 Billion Valuation, Confirms 2026 IPO Plans
- SNBN SW : SNB Nominates Martin Hirzel for Election to Bank Council
- SLHN SW : Swiss Life Says Peter, Corboud Fumagalli to Leave Board in 2026
- TEL NO : Norway Watchdog to Look Closely at Telenor GlobalConnect Deal
- Thomas Bravo : Thoma Looks to Create $12 Billion Shipping Tech Firm With Merger
- TMUS US : The Publicity War Between AT&T and T-Mobile Is Getting Ugly - WSJ
- TRUEB SS : Truecaller Sees 4Q Ad Revenues Will Be in Range of SEK210-230M
- 2202 HK : China Vanke’s Paths to Avoid Default Narrow After Failed Vote
- VOW GY : VW gears up for first production closure in Germany in its 88-year history - FT
- WAWI NO : Wallenius Wilhelmsen Sees 2026 Adjusted Ebitda at $1.65b-1.75b
- WBD US : Paramount’s $54 Billion Debt Plays a Starring Role in Warner Bid
- WBD US : Paramount’s $54 Billion Debt Plays a Starring Role in Warner Bid
- WBD US : Warner Bros. Adds Blockbuster Finish to $4.5 Trillion Deals Haul
- MF FP : Wendel’s CEO Sees M&A Picking Up Again Next Year, Les Echos Says
- WPP LN : Ad Agency Stocks Seen Turning AI Disruption to Their Advantage
- YPFD AR : Argentina’s YPF Is Said to Be Ready to Sell Fertilizer Venture
- ZIM US : MSC Submitted Bid to Acquire Zim Shipping, Calcalist Reports