Bloomberg Brief: Market Selloff, Oil Surge, and Big Tech Earnings

A morning markets briefing on how escalating Middle East tensions, a technology-led selloff in Asia, and mixed earnings from Meta and Tesla are affecting global risk sentiment.

■ Market backdrop
- Asia equities decline and China enters bear-market territory; European stocks and US futures fall
- Safe-haven demand lifts Treasuries, the yen, and the Swiss franc while Brent crude trades above $112

■ Corporate earnings and AI
- Meta reports stronger revenue, higher capex plans, and growing attention on its Muse AI products
- Tesla results and commentary on spending, Full Self-Driving, and Optimus draw investor scrutiny
- Barclays plans job cuts alongside AI integration; Lam Research guidance weighs on tech sentiment

■ Geopolitics, commodities, and transport
- Tanker attacks near the Strait of Hormuz, strikes in Saudi Arabia, and US diplomatic withdrawals heighten supply concerns
- Airlines face higher fuel costs as earnings season continues; Hermès sales and exclusive handbag availability are also discussed

Intended for investors and market watchers who need a concise cross-asset overview of overnight moves, earnings themes, and geopolitical risks. It provides context for monitoring oil prices, Treasury yields, safe-haven flows, and upcoming corporate results rather than detailed fundamental analysis.