Good morning, you're listening to Markets Desk, and here's what's moving markets right now.
Asian equities are starting the week on the back foot, with Indian shares opening flat and Australia's S and P ASX two hundred slipping well below eighty-eight hundred, as investors weigh ongoing Middle East tensions and brace for an upcoming Federal Reserve rate decision. Wall Street's negative close Friday is clearly casting a shadow eastward.
Shifting to the defense landscape in Europe, ten nations have now formally aligned with France on nuclear deterrence strategy as confidence in the American security umbrella continues to erode. Paris is positioning itself as the continent's primary nuclear guarantor, a significant geopolitical shift with real implications for defense spending and European sovereign bond markets.
And in the technology space, Elon Musk says SpaceX has secured a forty billion dollar debt deal while aggressively scaling its artificial intelligence infrastructure business, which rents access to advanced chips. The company reportedly spent over sixteen billion dollars on AI infrastructure in just the third quarter of two thousand twenty six, raising serious questions about capital allocation and which AI competitors may struggle to keep pace with that kind of firepower.
That's the tape. Markets Desk, signing off the floor.
