Key Takeaways
- Ukraine struck Russian military targets as indirect Gaza ceasefire talks began in Egypt under Trump’s plan.
- French Prime Minister Lecornu resigned after one day in office, deepening Europe’s political crisis and roiling French markets.
- Wall Street hit fresh records on AI, while oil gained on steady OPEC+ output.
- Bitcoin surged above $125,000 with dominance at 58.9%, while gold climbed near $3,960 as investors sought inflation hedges.
On October 7, 2025, markets showed a mixed tone as record highs on Wall Street and a fresh Bitcoin rally contrasted with renewed fighting in Eastern Europe and political turmoil in France.
On the diplomatic front, Ukraine said it struck one of Russia’s main ammunition plants and an oil terminal in Crimea, intensifying its long-range campaign as diplomatic efforts to end the war remain stalled.
In the Middle East, indirect peace talks began in Egypt under U.S. President Donald Trump’s plan to end the war in Gaza through a phased ceasefire, hostage release, and humanitarian aid, with Washington calling the efforts the closest step yet toward a full agreement.
In Europe, France was thrown into political turmoil after Prime Minister Sebastien Lecornu resigned just hours after announcing his new cabinet.
In an attempt to restore stability, president Emmanuel Macron asked Lecornu to begin urgent talks with opposition parties within 48 hours.
The sudden upheaval triggered a sharp fall in French stocks and bonds before a partial recovery later in the session.
On the economic front, Wall Street advanced as optimism over artificial intelligence deal making lifted sentiment despite the U.S. government shutdown entering its sixth day.
AMD shares surged after sealing a major chip supply deal with OpenAI, helping push the S&P 500 and Nasdaq to record closes, while the Dow slipped slightly.
In Japan, the Bank of Japan kept a cautiously positive view of the economy but warned that U.S. tariffs could weigh on corporate profits and delay wage growth, reinforcing expectations that it will hold rates steady this month.
In Europe, ECB President Christine Lagarde said any EU move to use frozen Russian assets for Ukraine must comply with international law, highlighting ongoing divisions over war financing.
In the UK, Bank of England Governor Andrew Bailey called for a “pragmatic” approach to regulating artificial intelligence, saying policymakers should address risks rather than simply highlight them.
Oil prices rose about 1% after OPEC+ agreed to raise production by only 137,000 barrels per day in November, easing supply fears. Meanwhile, gold and silver extended gains, supported by expectations of steady rates and geopolitical caution.
In Crypto, Bitcoin surged to a record high above $125,000, lifted by strong institutional demand and a weaker dollar. Meanwhile, Ethereum gained nearly 4% to trade around $4,690, while Solana advanced just over 2% near $233, as Bitcoin’s market dominance eased slightly to 58.9%.
Price movements
Global Indices
- S&P 500 Index (SPX): 6,740.29 (+0.36%)
- Dow Jones Industrial Average (DJI): 46,694.97 (−0.14%)
- Nasdaq Composite Index (IXIC): 22,941.67 (+0.71%)
- Nikkei 225 Futures (NK2251.D): 48,590.0 (+0.83%)
- FTSE 100 (FTSE): 9,475.0 (−0.09%)
Cryptocurrencies
- Bitcoin (BTCUSD): 125,100 (+1.09%)
- Ethereum (ETHUSDT): 4,689.67 (+3.88%)
- Binance Coin (BNBUSDT): 1,223.87 (+4.84%)
- Solana (SOLUSDT): 233.36 (+2.10%)
- BTC Dominance (BTC.D): 58.93% (−0.64%)
Major Stocks
- Nvidia (NVDA): 185.54 (−1.11%)
- Tesla (TSLA): 453.25 (+5.45%)
- Microsoft (MSFT): 528.57 (+2.17%)
- Meta Platforms (META): 715.66 (+0.72%)
- Apple (AAPL): 256.50 (−0.07%)
- Amazon (AMZN): 221.11 (+0.10%)
Commodities
- Silver (XAGUSD): 48.4890 (+1.06%)
- Gold (XAUUSD): 3,959.015 (+1.89%)
- WTI Crude (USOIL): 61.71 (+1.70%)
- Brent Crude (BRENT3!): 68.1606 (−3.68%)
Forex
- U.S. Dollar Index (DXY): 97.674 (+0.38%)
- EUR/USD: 1.1707 (−0.01%)
- GBP/USD: 1.3478 (−0.05%)
- USD/JPY: 150.20 (−0.09%)
Read More: Standard Chartered Sees $1 Trillion Shifting From Banks to Stablecoins; When Will It Happen?
