The Intelligence Layer Beyond Your Own Book

Technology stocks fell as major earnings failed to sustain confidence in the AI trade, pushing US futures and Asian equities lower. Meanwhile, escalating attacks on Saudi oil infrastructure lifted Brent crude above $111 and drove demand for safe-haven assets.

Technology stocks stabilised following a volatile week, while easing safe-haven demand pushed Treasury yields modestly higher. Brent crude climbed above $114 as continued attacks on Saudi Arabia heightened concerns over wider disruption to Middle Eastern energy supplies.

Optimism returned to technology stocks after SpaceX’s better-than-expected earnings revived confidence in AI investment, lifting Nasdaq futures and Asian equities. Meanwhile, oil remained elevated as continued attacks in the Strait of Hormuz sustained concerns over global energy supplies.