Saudi Arabia's civil defense issued early warnings in Abha and Khamis Mushait, then said the danger had passed.

SoftBank Group has secured a two-year $11.87bln loan to support its investment in U.S. AI firm OpenAI, above an earlier $10bln target, with about 20 banks committing, sources said. The deal adds to recent debt moves including a $10bln margin loan secured by its OpenAI stake and consideration of a $10–20bln dollar bond sale, despite market concerns about rising AI-sector credit risk. SoftBank said it will repay the remaining balance of an earlier roughly $40bln loan used to fund OpenAI investments, planning to repay $25.9bln on Sept. 15; that unsecured loan had been due in March next year. The company will meet investors in New York this week to gauge demand for a potential dollar high-yield bond offering.

Tradeweb data showed eurozone government bond yields edged up, with the 10-year German bund yield touching a 15-year high of 3.532% in early trade. Signs of economic resilience, elevated oil prices and escalating Middle East tensions raised inflation concerns and pushed yields higher. After the ECB's rate hike last week, market focus shifts to the Fed's decision this week; a rate increase is possible but not certain.