Oil was over $110 per barrel and rising this morning. S&P 500 futures were down 0.14% prior to the open in New York. The index lost 1.74% yesterday. “Both the S&P 500 (-1.74%) and the Nasdaq (-2.38%) saw the biggest declines since the start of the war and fell back to their lowest levels since September,” Deutsche Bank’s Jim Reid lamented in a note seen by Fortune this morning. With the exception of China’s CSI 300 (up 0.56%), all the major markets in Asia and Europe were down today. South Korea’s KOSPI was the best performer, down 0.4%. Europe’s Stoxx 600 declined 0.86% in early trading. Japan’s Nikkei 225 was off 0.43%.
Unrest in Europe’s bond market: “Growing fears of a stagflationary shock also weighed on bond markets, with some huge moves for European sovereigns in particular. In fact, yesterday saw 10yr [German] bund yields (+11.5bps) post their biggest daily jump in a year,” Reid said, “That pushed the 10yr bund yield up to 3.07%, its highest closing level since mid-2011, back when the Euro crisis was in full swing."
The price of crude oil this morning.TradingEconomics.com
ONE BIG THINGExclusive: Anthropic left its next AI model sitting on the open internet
In what appears to be a significant security breach—discovered by Fortune’s Bea Nolan—Anthropic inadvertently revealed details about an in-development AI model, named “Claude Mythos,” on its company website. The trove of unsecured data also included an exclusive CEO event, images, and PDFs. In total, there appeared to be close to 3,000 assets that had not previously been published to the company’s public-facing news or research sites that were nonetheless publicly accessible.
