{
  "id": 12911072,
  "title": "Shares slip as oil spikes and bond bashing rumbles on",
  "url": "https://urgent.news/2026/10/08/shares-slip-as-oil-spikes-and-bond-bashing-rumbles-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T09:27:09.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/shares-slip-oil-spikes-and-bond-bashing-rumbles-6442196"
  },
  "original_language": "en",
  "account": "Global shares declined on Thursday as a slight drop in sovereign bond yields was offset by an increase in oil prices and signs of massive debt needed to maintain the rapid growth driven by artificial intelligence. Major U.S. indexes fell, with the S&P 500 down 0.5% and the Nasdaq slipping 1.3%. Chipmakers, having surged over 80% this year, underperformed after OpenAI reported its annualized revenues were $20 billion less than initially claimed. Euro zone borrowing costs rose as oil price surge fueled inflation fears, although investors eased off on selling bonds of heavily indebted countries like France and Italy. The yield on the US 10-year note eased slightly to 5.227%, after a 30-year bond auction drew solid demand, indicating investors' continued willingness to buy long-dated government debt. Market watchers cautioned that contagion could persist, suggesting monetary intervention could provide comfort. The pan-European STOXX 600 fell 0.75%, nearing its lowest since June, while France's CAC-40 dropped 0.5%, nearing its March lows. Japan's Nikkei and South Korea's KOSPI also fell, with the latter's chip-heavy index dropping 2.6%. Oil prices settled 4% higher, with Brent crude at $104.28, due to renewed Middle East war concerns and potential supply disruptions from an approaching hurricane. The tech and energy sectors are expected to report the highest quarterly earnings growth, while the broader S&P 500 is projected to post a 30.6% increase in quarterly earnings. The tech sector's strong earnings growth contrasts with a historically uncommon situation where the market has risen in value even as forward P/E ratios fell. Debt remains a significant concern, with several high-profile companies, including SpaceX, Broadcom, and Oracle, seeking substantial financing to acquire advanced AI chips. Broadcom aims to raise $50 billion, SpaceX plans to issue $30 billion in debt and secure $10 billion in loans, while TSMC reported record third-quarter revenue. Analysts at Goldman Sachs expect at least two Federal Reserve rate hikes in 2023, but are nearly 83% priced for a December hike, despite a 17% chance of another increase this month.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}