Daily Summary: Optimism returns, chips rise, oil falls.

USA

• Monday’s session brought a clear improvement in sentiment and higher valuations. This trend is especially visible in the technology sector. NASDAQ 100 futures are up more than 2% today. Other US indices are also higher, though gains are smaller at roughly 0.5% to 1%.
• A key factor supporting risk sentiment and valuations is the drop in oil prices. Reports about exports from Saudi Arabia are encouraging investors concerned about inflation pressure. In addition, the upcoming meeting between Xi Jinping and Donald Trump has increased market confidence in a potential de-escalation of the conflict through diplomacy.
• Support for the technology sector is even stronger and backed by fundamentals. The main catalysts are Meta and ARM Holdings.
• Risk sentiment in tech is also improving thanks to a breakthrough SEC amendment regarding “tokenized assets.” Expectations for this market’s expansion are currently supporting valuations, especially across crypto and “Treasury” companies.
• A negative development may be a Wall Street Journal report suggesting that Anthropic may have delayed its IPO this year mainly due to massive negative cash flows, although this has not been officially confirmed. At the same time, OpenAI admitted to negative cash flows of USD 278 billion.

Company news, USA

• Accenture (ACN.US): The consulting firm is up about 3% after reports that it entered into a partnership with Anthropic to jointly test advanced AI models.
• Critical Minerals (CRML.US): The stock is up as much as 25% after comments by Donald Trump, who said he negotiated “control over Greenland’s security,” which could imply potential access to the island’s resources for the company. Other companies linked to rare earth mining exposure are also rising.
• Strategy (MSTR.US): Crypto-related companies are rising sharply after a US regulator decision that would significantly expand trading possibilities for “tokenized” financial assets. The stock is up 8%.
• ARM Holdings (ARM.US): The company’s CEO expressed confidence in ARM’s ability to convert orders for its “AGI” processors into revenue. The stock is up about 16%.
• Warner Bros (WBD.US): The stock is up about 7% after reports that it reached an agreement with California state officials regarding the acquisition of the company.
• HP (HPQ.US): The maker of computers, software, and server equipment is forecasting a single digit decline in PC market sales volumes. The stock is down about 3%.

Europe

• uropean markets also clearly benefited from the improved sentiment. The drop in gas prices below EUR 80 reduces the likelihood and potential scale of further ECB monetary tightening, supporting valuations. Equity gains are concentrated mainly in the semiconductor sector.
• Most European indices are up around 1%. The top performer is the EuroStoxx 50, which closed the session up 1.3%.

Company news, Europe

• Novo Nordisk (NOVOB.DK): The Danish pharmaceutical group is down 7% after publishing its new growth strategy. Investor concerns focus on the loss of patent protection for key ingredients in Wegovy and Ozempic.
• Volkswagen (VOW1.DE): The German conglomerate published results after which the stock is down about 1%. Despite improved expected margins, results, and guidance, short term burdens and weak sales in China are weighing on the valuation.
• Elixirr International: The AI-focused consulting company is down as much as 17% after its H1 2026 results. Investor concerns focus on limited sales growth.

FOREX

• At the start of the week, three currencies are posting notable declines. The Norwegian krone is down about 0.4% amid falling oil and gas prices, the Canadian dollar remains under pressure from the trade conflict with the US (-0.3%), and the yen is giving back another portion of its post-intervention gains (-0.4%).

Commodities

• Publications from Saudi Arabia, analytical centers, and CENTCOM support supply prospects, putting pressure on energy commodity prices. Brent crude falls to USD 100, and the European gas contract drops to around EUR 74.

Crypto

• The SEC publication on regulatory changes regarding tokenized shares triggers a wave of significant gains and improves sentiment across the entire crypto market.

  • Bitcoin gains more than 5% and moves back above USD 86,000.
  • Ethereum rises more than 3% and approaches USD 2,800.
  • Solana gains 5% and moves toward USD 108.