S&P 500 Targets Record as Bonds Climb and Oil Dips - Europe Market Wrap

The S&P 500 moved closer to a record high as global equities advanced, bonds rallied and lower oil prices helped ease inflation concerns. Futures on the US benchmark rose around 0.3%, while the Nasdaq 100 was also poised to extend gains and Magnificent Seven stocks strengthened in early trading. Brent crude fell toward $98 a barrel, while Treasuries rebounded after US 10-year yields reached a 2002 peak on Monday. The Dollar was little changed as improving risk sentiment and softer oil prices supported broader markets. European assets also gained, with the Stoxx 600 rising around 0.7% and regional bonds recovering from recent multi-decade lows. French and Italian debt led gains, while the Euro bounced from a 17-month low. Risk appetite remained supported by strong earnings and heavy investment in artificial intelligence. OpenAI was reported to be in talks with UAE funds over a potential $30 billion financing round, while DeepSeek and Moonshot AI were also said to be raising capital. Alphabet also agreed a nuclear-energy deal with Constellation Energy. French bonds held firm despite fresh political tensions, while the spread over German debt narrowed further. Marine Le Pen proposed r