Tech appetite remains weak as US returns from long weekend

US and most Asian markets were closed on Monday, leaving Europe to trade quietly. Yields followed US peers lower, while defence and bank stocks outperformed — a reflection of souring relations with the US. Meanwhile, risk appetite for tech remains fragile this Tuesday morning. The AI investment race is capital-hungry, and leveraged spending is under the spotlight. Rising activity in credit derivatives shows the market is hedging what was once considered negligible credit risk. CDS linked to giants like Meta, Microsoft and Alphabet are gaining traction — a clear warning that the balance sheet story is now front and centre. Listen to find out more! Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020, and launched her own website ipekScope.com in 2025.