Nasdaq Rises on AMD Deal; Gold, Bitcoin Rally — WSJ
By WSJ StaffPolitical upheaval is reverberating through global markets. U.S. stocks opened higher and bond yields, gold and bitcoin rose.The Nasdaq rose 0.5% at the open, with other indexes up more modestly. Gains were fueled by a big bank deal and another giant AI chip pact.In Japan, stocks surged and the yen sank, after Sanae Takaichi was elected leader of Japan's ruling party. Her victory raises the prospect of a freer-spending Japanese government and looser-than-expected monetary policy.In France, bond yields rose and stocks dropped after Sébastien Lecornu resigned as prime minister after less than a month.Bitcoin held close to a new peak notched over the weekend. The cryptocurrency is sometimes seen as a haven, though it also often echoes broader appetite for riskier assets, such as tech stocks.In Monday trading:AMD stock rocketed higher, after the chip maker unveiled a massive computing deal with OpenAI, marking a challenge to Nvidia.Brent crude futures gained, after a weekend agreement by the OPEC cartel and its allies to implement a restrained increase in oil output.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).