Market Trends and Macroeconomics - U.S. Treasury planned to auction 25 billion dollars of 30-year debt at the highest interest rate since 2001, with 30-year yields reaching 5.2360% [1][7] - Korean stocks led gains in Asia, rising about 3.6% and entering a technical bull market with a 22% increase since July lows [2] - The STOXX Europe 600 rose about 0.25%, while Britain's GDP grew by 3% in June, driven by the World Cup [4] - The S&P equal-weighted index hit a record high, with dispersion down about 17.5% year-to-date [5] Industry Dynamics and Corporate Performance - Anthropic engaged in acquisition talks to buy AI startup Decart AI for 6 billion dollars, marking its largest known acquisition [1][8] - Tencent was overtaken by China's CSMT as the most valuable Chinese company, serving as a proxy trade for AI ambitions [3][36] - Cisco targeted 10% of its fiscal 2027 revenue to be AI-based, representing a year-on-year doubling that slightly missed market speed expectations [16][17] - Maersk maintained its outlook for 4% growth in container volumes for the year, supported by strong underlying global trade demand [31] - Lenovo targeted 100 billion dollars in revenue for the next calendar year, outperforming market expectations by 5% to 6% due to strong server and data center demand [90]
Rate-Hike Bets Ease; Anthropic in Talks to Buy Decart | Bloomberg Brief 08/13/2026