Wealth Management and software firms such as SAP and Dassault Systemes plunged at the European market open. This followed a similar move on Wall Street after a tax-strategy AI tool rolled out Altruist sent shares of financial services firms and wealth managers lower in US trading hours.
Elsewhere, sources said Elliot Investment Management has built a stake in London Stock Exchange Group as the FTSE 100 index owner grapples with disruption from artificial intelligence and a plunge in listings. LSEG rose as much as 8.4% in early London trading Wednesday, the biggest intraday gain in more than three months.
Chapters:
00:00:00 – The Opening Trade
00:00:22 – Market Check
00:02:30 – AI Fears
00:04:30 – US Jobs Report
00:06:40 – Bitcoin Lower
00:09:41 – Paramount’s Warner Bros
00:10:12 – Trump Tariffs
00:10:39 – China Factory Deflation
00:15:22 – Wall Street Sells Stock at Risk of AI Disruption
00:33:22 – Bain Capital’s Jonathan Lavine on Markets
00:36:36 – Heineken CEO Dolf Van den Brink
00:46:57 – Stocks to Watch: Dassault Systemes LSEG
01:02:41 – Dassault Shares Plummet
01:17:40 – Siemens Energy CEO Christian Bruch
01:28:26 – European Council President Antonio Costa
01:31:47 – US January Jobs Report
——–
More on Bloomberg Television and Markets
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