AI concerns weigh on markets as OpenAI lowers valuation target and Volvo Cars cuts jobs
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Bloomberg’s 23 October 2026 broadcast reports continued pressure on technology shares and AI-related credit, alongside strong haven demand for Treasuries. OpenAI reportedly reduced its fundraising valuation target by $150 billion to $1.25 trillion. Volvo Cars announced 2500 job cuts after third-quarter results missed expectations. Brent rose above $114 a barrel amid Middle East supply concerns, while French sovereign spreads remained elevated. Interviewees discussed conditional support for bonds, limited European contagion and expectations for hawkish central-bank messages. No specific trade proposal or earlier-trade update is supplied.
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