Global Markets Rise Amid Political Shifts and AI Optimism

On Monday, major global stock indexes rose, buoyed primarily by gains in technology stocks following AMD's AI chip-supply agreement with OpenAI. This comes amidst political transitions in Japan and France, which led to a weakened yen and euro against the dollar.

Bitcoin continued to hover near its peak as investors increasingly consider alternative assets amidst ongoing uncertainty from the U.S. government shutdown. Meanwhile, AMD shares surged over 28%, along with other chip stocks, as optimism around artificial intelligence agreements heightened market sentiment.

In foreign exchange, the euro and yen saw declines, influenced by France's new government resignation and Japan's upcoming first potential female prime minister. On Wall Street, the S&P 500 and Nasdaq rose while the Dow slightly fell, as market speculation on Federal Reserve rate cuts grew ahead of its October meeting.

(With inputs from agencies.)