{
  "id": 12834920,
  "title": "Shares slip as European bond bashing rumbles on",
  "url": "https://urgent.news/2026/10/08/shares-slip-as-european-bond-bashing-rumbles-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T09:27:09.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/shares-slip-european-bond-bashing-rumbles-6442196"
  },
  "original_language": "en",
  "account": "Shares plummeted on Thursday as European bond markets faced increasing turmoil. This was exacerbated by a surge in oil and gas prices, coupled with reports of major tech firms seeking to raise billions in debt to compete for limited funding. France and other heavily indebted European countries saw renewed selling of their debt, along with a near three-month low for the region's shares at the opening bell. This was further compounded by a trio of European Central Bank policymakers issuing fresh inflation warnings.\n\nOil prices soared nearly 4% due to heightened attacks on shipping in the Gulf, further aggravating the bond jitters despite a strong auction of US 10-year debt on Wednesday that had pulled back Treasury yields from their 24-year peaks. Despite the strong performance of the US dollar, the euro hit a 17-month low due to ongoing concerns about France's financial situation, which had spread to Italy and Greece, as well as parts of the banking sector.\n\nKiran Ganesh, a multi-asset strategist at UBS Global Wealth Management, stated that markets would remain vigilant if the contagion continued. He emphasized that the markets would find comfort in monetary intervention, specifically the ECB's bond purchases. However, he noted that the eurozone crisis of 2011 had shown that monetary authorities would first turn to fiscal authorities to bring their house in order.\n\nThe steady rise in borrowing costs put equities on the defensive, with the pan-European STOXX 600 dropping 1% to its lowest since June. Similar declines were seen in France's CAC 40, which fell over 12% from its August record high. European banks also suffered, with the finance index falling nearly 2%, and Deutsche Bank, Santander, Societe Generale, and Unicredit all declining for the second consecutive day.\n\nMeanwhile, in commodity markets, Brent futures rose above $104 a barrel, marking their biggest jump in a month. US crude futures also gained 3.2% to $91.43 a barrel. The Wall Street Journal reported that SpaceX, Broadcom, and Oracle were looking to raise money to buy AI chips. Broadcom was seeking $50 billion in financing, while SpaceX planned to issue $30 billion in investment-grade debt and raise $10 billion in loans to purchase chips from Nvidia, a significant shareholder in SpaceX. This news led to record high credit default insurance on SpaceX and a decline in its shares and bonds.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "European shares dip as banks hit over 3-month low, oil prices weigh",
        "url": "https://urgent.news/2026/10/08/european-shares-dip-as-banks-hit-over-3-month-low-oil-prices-weigh",
        "published": "2026-10-08T08:06:20.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "European shares dip as banks hit over 3-month low, oil prices weigh",
        "url": "https://urgent.news/2026/10/08/european-shares-dip-as-banks-hit-over-3-month-low-oil-prices-weigh-12827336",
        "published": "2026-10-08T08:45:46.000Z"
      },
      {
        "outlet": "CNA - Business",
        "title": "Shares slip as European bond bashing rumbles on",
        "url": "https://urgent.news/2026/10/08/shares-slip-as-european-bond-bashing-rumbles-on-12836340",
        "published": "2026-10-08T09:27:09.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Shares slip as European bond bashing rumbles on",
        "url": "https://urgent.news/2026/10/08/shares-slip-as-european-bond-bashing-rumbles-on-12835300",
        "published": "2026-10-08T09:30:25.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}