Morning Bid: Anthropic IPO: Please try again

On November 10, markets were set to focus on European and global developments in the day ahead. Investor sentiment had been boosted by a decline in oil prices, which were hovering near 10-week lows and trading at $91.45 a barrel. Despite a botched IPO filing from AI firm Anthropic, markets remained largely unaffected. Anthropic had planned to raise nearly $70 billion via its IPO, but the news was briefly circulated to banks before being retracted on Monday.

The company's formal roadshow was expected to launch later in the week, with pricing anticipated in the following week. Recently, there had been concerns that new regulations could dampen the AI boom, especially after Democrats' victory in the US midterm elections. US President Donald Trump hinted that the FBI might investigate Nvidia CEO Jensen Huang, who was facing allegations of an affair with a Chinese businesswoman suspected of being a spy for Beijing.

Meanwhile, US inflation data was set to be released later in the day, which could have a significant impact on the Federal Reserve's decision to raise interest rates. Traders were looking for an 84% chance of a rate hike next month, up from 74% a week earlier.