Global markets saw a strong day, with the Dow jumping over 600 points on hopes the Fed might hold interest rates. Treasury yields fell, and the dollar weakened, supporting risk assets.
Bitcoin reclaimed the $80,000 level amid a falling DXY, with gold also rallying past $4,500. NVIDIA remained a key focus, with reports of a potential $12.9 billion deal to acquire AI platform Hugging Face and new RTX Spark AI PCs planned. Tesla shares rallied ahead of a Cybercab event.
Volkswagen announced significant restructuring, flagging 50,000 possible job cuts as it targets a 9% operating margin by 2030. Wheat futures dropped after Putin signaled a potential Ukraine peace deal. OpenAI released a new Astra model, claiming it surpassed Anthropic.
Watch for further central bank sentiment and upcoming economic data.