This CNBC Daily Open report covers the latest market developments, including concerns over inflation, a surge in employee activity at a major platform, and a notable funding round for a tech startup.
CNBC Daily Open delivers the latest international market updates for investors. Employees at a major platform surged to their highest levels since the late 1990s following a disappointing debt auction that raised concerns about demand. Susannah Streeter, Head of Money and Markets at Hargreaves Lansdown, warns that the UK might face stagflation, with high or rising inflation and slowing economic growth. Meanwhile, Anthropic has reportedly secured funding to reach a $60 billion valuation.
Investor concerns are growing about potential froth in the equities market. A surprisingly high inflation reading from the ISM report, rising to 64.4% from 58.2% in November, has sent shockwaves through the market. This surge in inflation is attributed, in part, to 'risk management' for potential impacts from ports strikes and tariffs, which contribute to inflationary pressures. U.S. bond yields reached their highest level since April 26, while expectations for a 25 basis points rate cut at the U.S. Federal Reserve's January meeting have diminished
Inflation Stagflation Markets Tech Startup Funding
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