Global Markets Surge, Tech Tariffs Twist & Oil Slumps – Business Roundup (Aug 10-11, 2025)
Europe’s STOXX 600 rose 0.3%, the MSCI World index traded within 0.2% of its all-time high, and Wall Street’s S&P 500 and Nasdaq hovered near records. Bank of America’s fund-manager survey shows 45% of managers are long Nvidia and Microsoft, making the Magnificent 7 the world’s most crowded trade again. Only 5% of investors now expect a hard-landing recession, while a net 14% are overweight equities—the highest since February. Corporate bond spreads have narrowed to near 27-year lows as investors price in a rosier outlook, with Fidelity International’s Mike Riddell saying some managers are hedging by staying very defensive in