Stock Bulls Tell ‘Compelling Story' as Europe Trounces US

The perils of trade and geopolitics have failed to derail one of the best trades this year in global markets — buying European stocks. Wall Street says the rally has further to run.
Strategists see the Stoxx Europe 600 Index ending the year around 557 points, according a Bloomberg News poll. That implies a 3% advance from Wednesday's close, handing investors annual returns of about 10%.

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TechCrunch

16 minutes ago

• TechCrunch

Deezer starts labeling AI-generated music to tackle streaming fraud

Deezer announced on Friday that it will start labeling albums that include AI-generated tracks as part of its efforts to combat streaming fraud. The company reports that about 18% of the music uploaded each day — more than 20,000 tracks — is now fully AI-generated. Although most of these tracks don't go viral, Deezer says around 70% of their streams are fake and that they are designed to earn royalties fraudulently. To combat this, AI-generated tracks on Deezer are now clearly tagged. These tracks also won't appear in editorial playlists or algorithm-based recommendations, and fraudulent streams are being filtered out of royalty payments. The company says the new labels will be a game changer in helping listeners determine the difference between human-created music and AI content. Image Credits:Deezer Deezer notes that for now, AI-only songs make up just 0.5% of all streams on its platform, but that the trend is growing fast. 'We've detected a significant uptick in delivery of AI-generated music only in the past few months and we see no sign of it slowing down. It's an industry-wide issue, and we are committed to leading the way in increasing transparency by helping music fans identify which albums include AI music,' said Deezer CEO Alexis Lanternier in a press release. 'AI is not inherently good or bad, but we believe a responsible and transparent approach is key to building trust with our users and the music industry,' he continued. 'We are also clear in our commitment to safeguarding the rights of artists and songwriters at a time where copyright law is being put into question in favor of training AI models.' Techcrunch event Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW The move comes as Universal Music Group, Warner Music Group, and Sony Music Entertainment are reportedly in talks to license their work to AI startups Udio and Suno. The startups are being sued by the record companies for copyright infringement, and any deal would help to settle lawsuits between them, Bloomberg reported earlier this month.

Yahoo

19 minutes ago

• Yahoo

Crude Prices Pressured on Reduced Concern About an Imminent US Strike on Iran

July WTI crude oil (CLN25) today is down -0.26 (-0.35%), and July RBOB gasoline (RBN25) is up +0.0057 (+0.25%). Crude oil and gasoline prices today are mixed, with gasoline posting a 10-1/4 month high. Today's weaker dollar is bullish for energy prices. Also, concern about the Israel-Iran conflict is bullish for crude after Bloomberg reported Thursday that US officials are preparing for a possible strike on Iran. SoftBank's Masayoshi Son Unveils $1 Trillion AI Hub Proposal for U.S. to Rival China Crude Prices Pressured on Reduced Concern About an Imminent US Strike on Iran Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! However, crude prices were undercut after President Trump said he would wait two weeks to give diplomacy a chance before deciding if the US should attack Iran. Crude prices were also pressured on signs that Iran is ready to negotiate after Reuters reported that the Iranian government is ready to discuss limitations on uranium enrichment. So far, Iran has not impeded ship movement through the vital Strait of Hormuz, which handles about 20% of the world's daily crude shipments. However, a French naval liaison group stated that navigational signals from over 1,000 vessels a day moving through the Strait had been disrupted due to "extreme jamming" of signals from the Iranian port of Bandar Abbas, which led to a collision of two tankers on Tuesday near the Strait of Hormuz. Oil prices continue to be undercut by tariff concerns after President Trump said last Wednesday that he intends to send letters to dozens of US trading partners within one to two weeks, setting unilateral tariffs ahead of the July 9 deadline that came with his 90-day pause. A decline in crude oil held worldwide on tankers is bullish for oil prices. Vortexa reported Monday that crude oil stored on tankers that have been stationary for at least seven days fell by -7.2% w/w to 73.97 million bbl in the week ended June 13. Concern about a global oil glut is negative for crude prices. On May 31, OPEC+ agreed to a 411,000 bpd crude production hike for July after raising output by the same amount for June. Saudi Arabia has signaled that additional similar-sized increases in crude output could follow, which is viewed as a strategy to reduce oil prices and punish overproducing OPEC+ members, such as Kazakhstan and Iraq. OPEC+ is boosting output to reverse the 2-year-long production cut, gradually restoring a total of 2.2 million bpd of production. OPEC+ had previously planned to restore production between January and late 2025, but now that production cut won't be fully restored until September 2026. OPEC May crude production rose +200,000 bpd to 27.54 million bpd. Wednesday's EIA report showed that (1) US crude oil inventories as of June 13 were -10.2% below the seasonal 5-year average, (2) gasoline inventories were -1.8% below the seasonal 5-year average, and (3) distillate inventories were -16.7% below the 5-year seasonal average. US crude oil production in the week ending June 14 was unchanged w/w at 13.431 million bpd, modestly below the record high of 13.631 million bpd from the week of December 6. Baker Hughes reported last Friday that active US oil rigs in the week ending June 13 fell by -3 to a 3-3/4 year low of 439 rigs. Over the past 2-1/2 years, the number of US oil rigs has fallen from the 5-1/4 year high of 627 rigs posted in December 2022. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Bloomberg

23 minutes ago

• Bloomberg

Spain's Indra Downplays Franco-German Sparring Over Fighter Jet

Indra Sistemas SA 's chairman sought to assuage doubts over Europe's next-generation fighter-jet program, after disagreements between partners Dassault Aviation SA and Airbus SE broke into the open this week. 'There are tensions regarding who does a little more or who does a little less. But the project is on track and is moving forward according to the plan,' Indra's Ángel Escribano said in an interview in Madrid. 'We would like it to be a little more smooth.'