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19 articles summarized · Last updated: LATEST

Last updated: June 26, 2026, 5:30 AM ET

Public Markets

Tech Selloff Intensifies

U.S. stock futures resumed declines as concerns over artificial intelligence valuations stalled a recent rally, mirroring sharp drops in Asian markets. Investors pulled $1.7 billion from U.S. equities, the first outflow in three months, with record withdrawals from technology funds signaling a cooling of the AI trade. Nasdaq futures slipped further as a global tech selloff deepened, further soured by reports that OpenAI is considering delaying its planned public offering. This sentiment shift impacts broader markets, with emerging-market stocks slumping the most in nearly three weeks, dragged down by a tech rout that triggered a trading halt in South Korea.

Energy & Commodities Navigate Volatility

European natural gas prices edged higher as traders monitored renewed fears of transit disruptions through the Strait of Hormuz following an attack on a cargo ship. Kazakhstan’s giant Karachaganak oil and gas field cut production by more than a quarter after a drone strike disrupted a Russian processing plant. Meanwhile, predictions of $200-a-barrel Brent crude did not materialize, despite ongoing Middle East tensions, as the Strait of Hormuz has largely reopened. China, however, is allowing coal consumption to grow in its new five-year energy plan, prioritizing energy market stability over climate concerns.

Global Economic Indicators & Corporate News

Euro-area consumers’ short-term inflation expectations fell significantly in May, even before the recent de-escalation of Middle East hostilities. In Asia, the Indonesian government plans to place approximately 400 trillion rupiah ($22 of its standby funds into state-owned lenders to continue fueling economic growth according to its finance chief. In corporate news, Zalando shares slumped after German regulators opened a probe into the company's accounts, wiping out most of its yearly gains. Elsewhere, Intel's chip business shows signs of recovery, a centerpiece of U.S. efforts to bolster domestic manufacturing, though a full turnaround remains distant. Advanced chip packaging technology, vital for AI computing power, has increased U.S. reliance on Taiwan.