INTERNATIONAL BUSINESS : TECH SELLOFF RELENTS AS OIL PRICES HIT FIVE - MONTH HIGH

What happened: The global tech selloff eased after AI funding fears hit Wall Street and drove the biggest US Treasuries rally in more than three years. Oil kept rising, with Brent at a five-month peak. Key numbers: Brent $115 a barrel. European gas up 4pc, almost 30pc higher this month. Why it matters: Oil's climb and the tech correction left markets nervy, with Societe Generale's Kit Juckes saying it is hard to see why the dollar is not higher. Telecoms stocks fell on a report that SpaceX was in talks to launch a nationwide cellphone carrier.

The global tech selloff eased after AI funding fears hit Wall Street and drove the biggest US Treasuries rally in more than three years. Oil kept rising, with Brent at a five-month peak.

Oil's climb and the tech correction left markets nervy, with Societe Generale's Kit Juckes saying it is hard to see why the dollar is not higher. Telecoms stocks fell on a report that SpaceX was in talks to launch a nationwide cellphone carrier.