Equities Recover as Investors Reassess AI Risks – Europe Market Wrap
US equity futures moved higher as investors stepped in to buy recent weakness following a period of volatility sparked by artificial-intelligence concerns.
S&P 500 futures gained 0.5%, putting the benchmark on track for its strongest advance in more than a week if the move is sustained. Europe’s Stoxx 600 rose 0.9% to a record level, supported by upbeat earnings from companies such as BAE Systems and Puig Brands. Gold pushed back above $4,900 an ounce as precious metals recovered, while Bitcoin traded steadily.
After months of rallies driven by enthusiasm around AI, stock markets have adopted a more guarded tone as investors weigh disruption risks against skepticism that large-scale spending will quickly translate into profits. The pullback in US shares has encouraged some investors to shift capital abroad, with European and Asian indexes significantly outperforming the S&P 500 so far this year.
In foreign-exchange trading, the dollar ticked up against most major currencies. The euro maintained a slight decline after a report said Christine Lagarde may depart the European Central Bank before her term ends in October 2027. An ECB spokesperson stated that no decision has yet been made regarding her tenure. Government bonds declined across maturities, with the 10-year yield rising one basis point to 4.07%.
