Overview

• Wall Street’s S&P 500 and Nasdaq closed at new highs after news of an AMD–OpenAI chip supply and data-centre partnership, though U.S. futures were little changed.
• Japan’s Nikkei notched a second session of record territory after Sanae Takaichi won the ruling party leadership, pressuring the yen and shifting rate-hike expectations.
• French assets stayed fragile after Prime Minister Sébastien Lecornu resigned, with the euro softer and OAT yields firmer as President Emmanuel Macron sought a path to stability.
• Safe-haven flows lifted gold to a fresh all-time high near $3,977 an ounce, and bitcoin hovered around a record near $126,000.
• Indian equities extended gains with the Nifty back above 25,100 in early trade as DIIs bought heavily and FIIs remained modest net sellers.