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US Justice Department charges Maduro ally Alex Saab with money laundering
The European country had 9.1 million international visitors in April, the most ever for that month.
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Iran said the attacks, its first since an April ceasefire, are the start of “a full week” of strikes
Amber-Jade Sanderson says critics of the energy transition need to look at what’s happening on the ground.
An 8% drop for South Korea’s chip-heavy KOSPI benchmark triggered a 20-minute trading halt and has it down almost 17% from last week’s record high.
Japan’s Nikkei fell 3.5% in early trade, though U.S. S&P 500 and Nasdaq 100 futures made small gains.
The Nasdaq had dropped 4.2% on Friday, with selling concentrated in semiconductor stocks after a hot jobs report ramped up expectations for Federal Reserve interest rate hikes, putting the brakes on what has been a sparkling AI-led rally.
Two-year Treasury yields rose more than 11 basis points on Friday and benchmark 10-year Treasury futures were about five ticks lower early on Monday morning in Asia.
“The AI-drives-everything narrative frayed last week,” said Bob Savage, head of markets macro strategy at BNY.
“Whether this is a healthy pause in the nine-week equity rally or a top remains the key question. The IPO focus on SpaceX and Anthropic is part of the pause – whether to make room for the new market cap or to rethink value.” INFLATION AND ECB AHEAD
The week ahead is headlined by the giant SpaceX listing, expected to price on Thursday and trade on Friday, but will also have inflation in focus with U.S. consumer price data due on Wednesday and central bank meetings in Canada and Europe.
Last week, bitcoin notched its heaviest weekly drop since the collapse of crypto exchange FTX in late 2022, falling about 16%. It was hovering just shy of $63,000 on Monday.
SpaceX’s debut is expected to be followed by other mega IPOs in the coming months from Anthropic and OpenAI, raising so much money that brokers are nervous it could draw down other assets.
The Middle East situation also remains delicate, and Brent crude futures were up about 2.6% to $95.45 a barrel on Monday morning after an Israeli attack on Beirut prompted Iran to direct a salvo of missiles at Israeli targets.
OPEC+ agreed on Sunday to the fourth increase in its oil output targets in as many months.
In currency trade the dollar was firm and holding above 160 yen and pushed the Australian dollar to $0.7038. The euro hovered at $1.1518.
Wall Street’s nine-week winning streak has ended with a thud as red-hot technology stocks suffered their largest daily decline since April 2025 after a hot May jobs report fuelled fears of a hawkish policy pivot from the US Federal Reserve.
Labor insists it’s implementing “big changes” as voters abandon the major parties, with new polling showing Pauline Hanson’s right-wing party is the most popular for the first time.
IPO fever has gripped Wall Street as investors await the stock-market debuts of SpaceX, Anthropic and OpenAI.
Traders see this crop of initial public offerings as a generational chance to cash in on the artificial-intelligence boom that has catapulted major stock indexes to new highs. Yet history shows that navigating newly public companies can test the mettle of even the most bullish growth investors.
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