OpenAIPrivate± Mixed
relevance
European markets turned lower as a renewed sell-off in technology stocks and mounting concerns over elevated AI-related valuations weighed on global market sentiment. The pan-European Stoxx 600 edged down 0.32% to €638. Sentiment was also dampened by reports that OpenAI may postpone its initial public offering until 2027. In the bond market, the yield on the US 10-year Treasury was down 1 basis point to 4.38%, while Germany's 10-year yield was down 2 basis points to 2.84%.