Wall Street: Rising bond yields weigh on Wall Street
In Japan, Europe and the US, bond yields are reaching their highest levels in years. A $35 billion deal by Anthropic is fueling concerns about the circular financing of AI.
US stock market indices, including S&P 500, Dow, and Nasdaq, are expected to open lower, pressured by rising global bond yields and increasing oil prices. Brent crude rose to around $92 after two supertankers were hit by unknown projectiles in the Strait of Hormuz, fueling inflation concerns. The market is awaiting the ISM industrial index and JOLTS data, with a focus on the inflation component, as a rate hike by the Fed on September 16 is now seen as a 66% probability.
Meanwhile, the AI sector continues to show high capital requirements, with SB Energy's $439 billion order book largely dependent on a single large project for OpenAI.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
