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Equities drop as traders keep wary eye on Middle East crisis
Asian markets extended last week's sell-off Monday on fears of a regional conflict in the Middle East and worries that US interest rates will remain elevated for longer than initially thought. "The main question dominating global financial markets, particularly for Asian capital markets, is whether the sell-off in US Treasuries will subside or persist," said Stephen Innes of SPI Asset Management.
ECB set to hold rates as inflation drifts downwards
For the first time in over a year, European Central Bank policymakers are expected to decide against raising interest rates again when they gather in Athens on Thursday. The central bank, which holds one meeting outside its Frankfurt headquarters every year, looks set to follow in the footsteps of the US Federal Reserve and pause interest rate hikes for the time being.
Did a computer write this? Book industry grapples with AI
From low-quality computer-written books flooding the market to potential copyright violations, publishing is the latest industry to feel the threat from rapid developments in artificial intelligence. Still, critics say the works are of low quality and sense little threat from AI for now.
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