Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
US, China Extend Trade Truce to Jan. 10 Ahead of Trump-Xi Summit 
South Korea, US Discuss Warship Building Cooperation 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Trump, Xi Focus on Trade and AI at White House Summit 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Dollar Hits Two-Month High as Fed Rate Hike Bets Rise 
U.S. 10-Year Treasury Yield Hits 2007 High as Fed Rate Hike Bets Rise 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Add as a preferred source on Google
European shares were little changed on Tuesday as gains in consumer-focused sectors offset a broad selloff in artificial intelligence-linked technology stocks, while investors closely monitored the NATO summit in Turkey for signals on increased European defense spending.
The pan-European STOXX 600 index edged up 0.1% to 650.99 points after retreating from record highs in the previous session. Investors shifted into sectors that have lagged this year, betting that easing oil prices and softer inflation pressures could improve consumer demand and reduce the likelihood of further interest rate hikes.
Luxury stocks climbed 2%, while consumer staples, including food, beverages, personal care, and household goods, gained more than 1.4%. Automakers also advanced 1.3%, reflecting broader interest in value-oriented sectors.
Market participants continued rotating away from expensive technology stocks into cheaper industries. Analysts said the decline in oil prices could ease inflation concerns, potentially giving central banks less reason to tighten monetary policy further.
Technology stocks dropped 2.3% as investors questioned whether the recent AI-driven rally had pushed semiconductor valuations too high. French chip materials supplier Soitec plunged 12%, Austria’s AT&S fell 9.5%, and STMicroelectronics lost 5%. Siemens Energy also declined 7% after Barclays downgraded the stock to "underweight," citing valuation concerns despite its strong long-term outlook.
The weakness mirrored sentiment in Asia, where Samsung Electronics shares fell despite upbeat earnings guidance, while Nasdaq futures slipped nearly 1% ahead of U.S. trading.
Defense stocks eased after recent strong gains, although attention remained on the NATO summit, where member nations were expected to announce new military procurement deals under pressure from the United States to boost defense spending. Saab bucked the trend, rising 4.1% after Morgan Stanley upgraded the stock to "overweight" and NATO announced plans to purchase up to 10 GlobalEye surveillance aircraft from the Swedish company.
Elsewhere, Renault gained 2.2% after reports that China's BYD had explored acquiring a stake in the French automaker. Shell rose 3% after raising its second-quarter integrated gas production outlook, providing additional support to European energy stocks.
