European Markets Decline: European stocks fell, with France’s CAC 40 dropping 1.5% after the prime minister’s resignation. Bonds also declined, and the euro weakened.
Japanese Markets Rally: Japanese stocks surged, and the yen weakened following the selection of a pro-stimulus leader.
US Markets Optimistic: US equity futures rose as investors anticipated strong corporate earnings, supported by a robust economy, Federal Reserve easing, and increased AI spending.
Boeing Production Boost: Boeing informed suppliers it may increase 737 Max production to 42 jets per month by October, signaling improved factory control and efforts to regain US regulators’ trust.
Oil Prices and Government Funding: Brent oil rose above $65/barrel after OPEC+ agreed to a modest production increase. In the US, the Senate faces a fifth vote on a stopgap bill to reopen the government and fund it until November 21, while federal worker unions seek to block potential mass firings.
