Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
China Agrees to Buy 20 Million Tons of U.S. Coal 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
South Korea Tax Windfall Could Top 50 Trillion Won on Chip Boom 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Europe’s AI Data Centre Boom Strengthens Case for Nuclear Power 
ECB May Stop Rate Hikes After December, Capital Economics Says 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
China Consumer Stocks Near Decade Lows as AI Shares Surge 
Trump, Xi Focus on Trade and AI at White House Summit 
Dollar Holds Near Two-Month High as Yen Approaches 160 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
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Global stock markets surged to new highs on Thursday, propelled by chipmaker Micron Technology's upbeat forecast. The S&P 500 and Europe's STOXX 600 closed at all-time highs, while the MSCI global index set an intraday record.
Micron Leads Semiconductor Gains
Micron’s positive forecast spurred a 14.7% jump in its shares, lifting the semiconductor sector index by 3.5%. The company’s forecast renewed optimism for chip demand in artificial intelligence computing.
Treasury Yields and Federal Reserve Outlook
U.S. Treasury yields rose following robust economic data, lowering expectations of a 50-basis-point rate cut by the Federal Reserve at its November meeting.
European Markets Follow China’s Lead
European stocks, especially China-exposed sectors, saw gains following announcements of potential stimulus from China’s politburo. Markets are also anticipating the issuance of special sovereign bonds to boost Chinese consumption.
Silver and Gold Rally; Oil Prices Drop
Silver hit its highest level since 2012, and gold reached a record peak. Oil prices, however, fell on news that Saudi Arabia plans to increase output and abandon its $100-a-barrel price target.
Currency Movements
The U.S. dollar weakened after positive economic data, while the Swiss franc strengthened after a rate cut by the Swiss National Bank. The euro rose against the dollar amidst speculation of an interest rate cut by the European Central Bank.
