Big Funds Buy Treasuries, AI Stocks as War Fears Ease

Major investment firms including Schroders, Jupiter Asset Management, Franklin Templeton, and Amundi are snapping up Treasuries and AI stocks while selling the dollar, betting the worst of the global market selloff is over. A two-week truce between Iran and the US has fueled optimism about a lasting resolution. Falling oil prices are easing fears of an energy crisis and reviving expectations that the Federal Reserve may cut interest rates later this year. In Europe, energy stocks declined while airlines and miners recovered recent losses, with Barclays strategists favoring defense, materials, and technology exposure.