Overview

• An AMD–OpenAI multi‑billion dollar chip supply deal powered a tech surge that took the S&P 500 and Nasdaq to record closes, with chipmakers rallying and bitcoin hovering near a peak as spot gold set a new high around $3,977 an ounce.
• Japan’s ruling party chose Sanae Takaichi, reinforcing expectations for fiscal stimulus and easy policy, which sent the Nikkei to fresh records, weakened the yen beyond 150 per dollar and pushed long‑dated government bond yields higher.
• France’s crisis deepened after Prime Minister Sebastien Lecornu resigned, pressuring the euro, lifting French bond yields and dragging the CAC 40, as President Emmanuel Macron pressed for a plan to restore stability.
• The U.S. government shutdown entered its second week, delaying key economic data and tempering risk appetite, with stock futures slightly softer even as markets continue to price further Federal Reserve rate cuts.
• Indian equities extended gains with the Nifty above 25,100 and the Sensex higher on strong domestic institutional buying, as hospital stocks benefited from revised CGHS rates and Aditya Birla Lifestyle spiked on a large block trade.