AMD Soars 26.6% on OpenAI Alliance

Tech led gains as AMD’s AI catalyst energized sentiment, while political shifts in France and Japan and a U.S. data blackout set the macro backdrop ahead of today’s IMF outlook.

TL;DR:

🤖 AMD spikes on OpenAI deal
🌍 Political shifts in France, Japan
🏛️ U.S. shutdown delays key data
📊 IMF World Economic Outlook today

AMD Spikes on OpenAI Deal

AMD jumped 26.6% after striking a deal with OpenAI, igniting a broad bid in AI-linked equities and lifting major U.S. indices. Investors leaned into growth and rate-cut themes as tech outperformed and sentiment improved into the cash open. The move underscores an ongoing rotation toward AI infrastructure plays as investors seek earnings durability. Source

French PM Resigns; Japan’s Takaichi Set to Lead

Political headlines from Paris and Tokyo dominated the global tape: France’s prime minister resigned, while Sanae Takaichi is set to become Japan’s next premier. Markets stayed broadly steady, reflecting a wait-and-see stance as investors assessed policy continuity and fiscal implications in both regions. The crosscurrents kept risk appetite tempered in Europe and Asia despite the tech-led U.S. tailwind. Source Source

U.S. Shutdown Delays Key Economic Data

The ongoing U.S. government shutdown is interrupting the release of critical indicators, including labor and inflation prints, complicating the Fed’s near-term read on the economy. With the usual signals offline, traders are leaning on alternative proxies and market-based measures to gauge growth and price pressures. Rates and FX volatility risk remains elevated as policy visibility narrows. Source

IMF World Economic Outlook Due Today

The IMF’s latest World Economic Outlook is slated for release today, offering refreshed global growth and inflation forecasts. The report can sway risk sentiment, particularly in EM FX and cyclicals, by reshaping expectations for policy divergence and trade-sensitive sectors. Markets will parse revisions closely for signals on the durability of the global expansion. Source

AMD Surges 26.6% on OpenAI Deal