European Commission says it will propose greater flexibility in the EU Emissions Trading System but will attach conditions to ensure companies invest within Europe.

CNBC reported on the 7th that rising pricing from leading U.S. AI vendors is prompting rapid uptake of Chinese large AI models in U.S. enterprise deployments on cost grounds. Industry sources say top Chinese open-source and open-weight models lag frontier U.S. models (OpenAI, Anthropic) by roughly 6–9 months on performance but are priced about 60%–90% lower and cover most routine AI tasks. Aggregator OpenRouter data shows Chinese models have accounted for over 30% of tokens called by U.S. firms each week since Feb. 8, peaking at 46%; the prior 12‑month token-share average was 11%.

地缘风险扮演了“估值挤泡沫”的完美催化剂。在过去数月由AI Capex驱动的牛市中，科技股的远期现金流折现高度依赖低利率流动性环境。当美伊局势恶化引发通胀逆袭隐忧后，长端美债收益率曲线迅速“熊市陡峭化”，直接抬高了科技股的股权资本成本。全球宏观对冲基金正在以最快速度进行仓位再平衡，执行“卖出成长股，买入防御股”的防御性腾挪，资金从没有地缘现金流支撑的科技板块，流向真正受益于油价上涨和防务开支扩张的硬资产。