Global stock markets experienced a downturn after a lackluster start to US tech earnings failed to ease concerns surrounding the AI trade. Meta Platforms Inc. announced plans to significantly increase its capital spending for the year, signaling continued confidence in its long-term investment strategy despite broader market uncertainty.
Oil prices climbed following deadly attacks by Houthi rebels in Saudi Arabia. A drone strike on an Aramco oil field resulted in two fatalities, while a separate attack on an airport claimed one life. In response, the US government has ordered non-emergency personnel and their families to evacuate the country.
The financial implications of these developments were discussed by industry experts Francisco Blanch from Bank of America and Christian Keller from Barclays, who appeared as guests on Bloomberg Daybreak Europe.