Wall Street’s rally faltered as a broad tech selloff drove the Nasdaq down more than 3%, wiping out earlier strength. Traders cited profit‑taking in AI leaders, rising geopolitical risk, and pre‑CPI caution ahead of key inflation data later this week.
Source: Seeking Alpha
Asian stocks slide on hot inflation prints; tech rally buckles
Equities across Asia turned lower after stronger‑than‑expected producer prices in Japan and China fanned inflation worries and stoked rate‑path uncertainty. The risk‑off tone spilled into tech, underscoring how fragile the AI‑led rally has become to macro surprises.
Source: Seeking Alpha
SpaceX IPO could echo across global markets, even refinancing 8% of the U.S. current‑account deficit in a day
Currency strategists estimate the SpaceX debut may trigger extraordinary cross‑border flows, with the sheer deal size and passive‑flow dynamics magnifying market impact. The back‑of‑the‑envelope math highlights how a single mega‑listing can ripple through FX, rates, and equity allocations.
Source: MarketWatch
New York moves to align state stablecoin rules with the federal GENIUS Act
The NYDFS proposed a revamped framework that syncs reserve, governance, and risk‑management standards with pending federal law, aiming to cement the state’s leadership in dollar‑backed digital assets. The move underscores how stablecoins are shifting from crypto niches to core payments infrastructure.
Source: FinanceFeeds
EU issues rare interim order forcing Meta to reopen WhatsApp to rival AI assistants
In its first antitrust interim measure in 17 years, Brussels gave Meta five working days to restore free access for third‑party AI agents on WhatsApp. The case signals the Commission’s willingness to act quickly in fast‑moving AI platform markets to preserve competition.
Source: FinanceFeeds
CME launches Nasdaq CME Crypto Index futures for diversified, regulated exposure
The new financially settled contracts track a market‑cap‑weighted basket covering Bitcoin, Ether, Solana and other large caps, giving institutions a single instrument for broad crypto beta. The product extends CME’s push from single‑asset futures to multi‑asset market access within U.S. market infrastructure.
Source: FinanceFeeds
Interactive Brokers and BlackRock zero in on Europe’s ETF savings boom
IBKR rolled out commission‑free recurring investments for 500+ iShares UCITS ETFs across the EEA, targeting long‑term retail inflows into low‑cost portfolios. The partnership underscores intensifying competition for Europe’s growing automated ETF savings market.
Source: FinanceFeeds
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