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822 articles summarized · Last updated: LATEST

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

Global Markets & Macroeconomic Trends

Global equity markets faced headwinds as AI-related stocks extended their selloff across the globe, with traders bracing for crucial jobs data AI selloff extends. In Asia, tech stocks were hammered, contributing to a broader mood of caution Asian tech stocks hammered. Japan's retail investors, however, bucked the trend by purchasing a record amount of local shares during a week marked by a tech downturn that sent equity gauges plunging Japan retail investors bought. Meanwhile, Brent crude traded below its pre-war level, influenced by a rebound in flows through the Strait of Hormuz Brent crude below prewar level.

Artificial Intelligence & Technology Sector

The artificial intelligence sector continued to grapple with a significant selloff, as investors reassessed valuations ahead of key economic indicators AI selloff extends. The global decline in AI-related stocks impacted markets from the U.S. to Asia, with Japanese and South Korean chipmakers experiencing sharp declines following a rout in U.S. technology shares US tech rout sours. Meta Platforms Inc.'s plan to sell access to AI computing power also raised questions about excess AI capacity and contributed to the selloff in chipmakers Meta's AI computing power plan. In a separate development, the European Court of Justice upheld a record €4.1 billion fine against Google for abusing its dominance in the Android mobile operating system, marking a significant victory for Brussels in its crackdown on Big Tech Google loses appeal against. Battery startups are experiencing "crazy" demand for energy storage solutions to smooth power surges in data centers, driven by the rapid growth of AI training processors Battery startups see crazy.

European Markets & Corporate News

European markets saw mixed performance, with Sodexo shares rising 6.8% following strong third-quarter revenue growth and an upgraded fiscal year outlook Sodexo shares rise. The German drone maker Quantum Systems REF:15