Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today
Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open.
Oil markets had just begun to steady at higher levels — on the back of a fragile ceasefire. Then came another jolt: the United Arab Emirates is set to exit OPEC.
At the same time, warnings about the global economy are growing louder. After billionaire Ray Dalio warned of a U.S. economy in stagflation, JPMorgan CEO Jamie Dimon is now sounding the alarm on a potential debt crisis.
Yet markets did not sell off on oil or macro fears. Instead, a chip-related scare tied to AI demand rattled investors, a reminder of just how deeply embedded that narrative is in their psyche.
