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ING chief economist Marieke Blom said a consumer survey found 38% of Europeans prefer investing in Europe versus 14% who prefer the US. She noted that despite widespread negative sentiment on the European economic outlook, many still favor home-market allocations. Blom said more flows into European equities would help support regional valuations and draw capital into private companies. The Stoxx Europe 600 is up 9.6% YTD; the S&P 500 is up about 13%.

OpenAI said it plans to begin deploying Jalapeño, an AI chip developed with Broadcom, by the end of this year, while coordinating deployment with accelerators from NVIDIA, AMD and other partners.