Public Markets 24 Hours

Last updated: July 2, 2026, 5:30 AM ET

Public Markets Briefing

Global Equities & AI Selloff

Global stock markets extended their selloff, particularly in AI-related stocks, as investors braced for crucial U.S. jobs data AI selloff extends. Asian tech shares were heavily impacted, with South Korean chipmakers falling sharply amid concerns over excess AI capacity following Meta Platforms Inc.'s plans to sell computing power Korean stocks fall. Japanese retail investors, however, purchased a record amount of local shares last week amidst the broader equity market decline Japan retail bought. In Europe, Sodexo shares rose 6.8% following strong revenue growth and an upgraded fiscal year outlook. The FTSE 100 was on track for a second day of declines FTSE 100 set declines.

Tech & Regulatory Battles

The European Court of Justice upheld a record €4.1 billion fine against Google for Android abuses, a significant victory for Brussels in its crackdown on Big Tech. Meanwhile, the EU is considering weaker data center climate rules after significant lobbying efforts from the tech industry EU weighs weaker rules. In a move that could signal a shift in tech ownership, OpenAI proposed a 5% stake to the Trump administration as part of early discussions for a public ownership deal.

Drone Activity & Defense Spending

A new study indicates that frequent Russian drone flights over NATO military assets in Europe over 19 months, involving nearly