Global Markets Rally on AI, Iran Deal Hopes

Global stocks rallied on Tuesday, driven by renewed optimism in artificial intelligence following Anthropic>>>'s confidential filing for a U.S. initial public offering and Alphabet Inc.>>>'s plans to raise $80 billion for AI infrastructure. This AI enthusiasm, coupled with a strong forecast from chipmaker STMicroelectronics>>>, boosted technology stocks across global markets, including the S&P 500>>> and Nasdaq-100>>> reaching new highs. Meanwhile, oil prices, specifically Brent Crude>>>, fell due to renewed hopes of a U.S.-Iran>>> deal, despite reports that Iran>>> had suspended indirect negotiations with the United States>>>. Bond yields also declined. Economic data showed U.S. manufacturing PMI at a four-year high and increased job openings, while euro zone core inflation rose, leading to expectations of a European Union — European Central Bank>>> rate hike. Currency markets saw the United States>>> edge lower, the Europe>>> slightly higher, and the Japan — Japanese yen>>> weaken.