European shares

January 27, 2025 4:08 PM

Tech drags global shares lower on China’s AI push; dollar dips

European and Asian shares slumped on Monday as investors weighed the implications of Chinese startup DeepSeek's launch of a free open-source artificial intelligence model to rival OpenAI's ChatGPT. Meanwhile, the dollar dipped as broad U.S. import tariffs remained on the back burner, even as U.S. President Donald Trump threatened Colombia with levies to punish the country for earlier refusing to accept flights carrying deported migrants. China's DeepSeek rolled out a free AI assistant that it ...

Global markets-European shares rally, eyeing ECB rates move

European stocks bounced and government bond yields dropped on Monday as investors looked forward to an interest rate cut from the European Central Bank (ECB), while U.S. jobs data kept the focus squarely on inflation. The pan-European STOXX was up 0.6% by 0850 GMT, while U.S. stock futures also rose. In bond markets, the U.S. 10-year Treasury yield was down 4 basis points to 4.47% and German yields, which touched six-month highs last week, also dropped. All focus was on the ECB, which is cons...