.jpg)
58 minutes ago
3
Article content
“Expectations for a US-Iran agreement remain fluid,” said Jason Pride and Michael Reynolds at Glenmede. “Recent strikes and conflicting statements from both sides highlight that key details remain unresolved.”
Article content
Elsewhere, the White House said it will reduce tariffs on agricultural equipment, such as combines and harvesters, in order to reduce costs for US farmers and manufacturers.
Article content
Attention during the US session was firmly on AI spending by companies. The S&P 500 Index notched its eighth straight advance, its longest winning streak since May 2025.
Article content
Alphabet Inc. unveiled plans to raise $80 billion through equity offerings, including an investment deal with Berkshire Hathaway Inc., highlighting the scale of spending tied to the race to build AI infrastructure.
Article content
Anthropic PBC pulled ahead of OpenAI with its confidential IPO filing Monday, as the free-spending AI startups battle for a fundraising edge that’s set to determine who will win the ultimate battle for computing power.
Article content
In late trading, Hewlett Packard Enterprise Co. shares soared 27% after the company gave an outlook for annual sales that topped estimates, citing massive growth in AI-fueled demand for its servers and networking.
Article content
Article content
In Asia, the yen was steady around 159.70 per dollar after Japanese Finance Minister Satsuki Katayama said authorities are ready to take steps as needed in the foreign exchange market. The comments came after the ministry disclosed the monthly intervention data on Friday.
Article content
Investors are also looking ahead to a fresh round of economic data, culminating in Friday’s May jobs report, for clues on the health of the US economy and the Fed’s policy path under new Chairman Kevin Warsh.
Article content
“There is a creeping view that US growth could be re-accelerating as AI investment seeps through the broader economy,” Chris Turner, head of foreign-exchange strategy at ING Bank, wrote Monday. “This week’s data should further support the growing narrative that the Fed can be comfortable with its full employment mandate and can focus squarely on the upside risks to inflation.”
Article content
Some of the main moves in markets:
Article content
Stocks
Article content
- S&P 500 futures fell 0.4% as of 11:50 a.m. Tokyo time
- Japan’s Topix fell 1.4%
- Australia’s S&P/ASX 200 fell 0.5%
- Hong Kong’s Hang Seng rose 1.3%
- The Shanghai Composite was little changed
- Euro Stoxx 50 futures rose 0.3%
Article content
Article content
Currencies
Article content
- The Bloomberg Dollar Spot Index was little changed
- The euro was unchanged at $1.1631
- The Japanese yen was little changed at 159.71 per dollar
- The offshore yuan was little changed at 6.7607 per dollar
- The Australian dollar was unchanged at $0.7159
Article content
Cryptocurrencies
Article content
- Bitcoin fell 1.1% to $70,575.13
- Ether fell 0.8% to $1,986.22
Article content
Bonds
Article content
- The yield on 10-year Treasuries was little changed at 4.45%
- Japan’s 10-year yield declined 2.5 basis points to 2.655%
- Australia’s 10-year yield advanced one basis point to 4.90%
Article content
Commodities
Article content
- West Texas Intermediate crude fell 0.4% to $91.83 a barrel
- Spot gold fell 0.2% to $4,475.15 an ounce
Article content
This story was produced with the assistance of Bloomberg Automation.
Article content
—With assistance from Toby Alder, Momoka Yokoyama, Sarah Chen and Abhishek Vishnoi.
Article content
English (US)