Key takeaways
- Wall Street hit record highs as traders priced in imminent Fed rate cuts despite weak payrolls revisions.
- Israeli strikes in Qatar escalated Middle East tensions, driving gold to fresh records and lifting oil prices.
- Macron named Sebastien Lecornu as prime minister, signaling continuity in his reform agenda.
- Bitcoin dipped below $111K while gold stayed near record highs, reflecting a safe-haven shift.
Geopolitics & Market Sentiment
On September 10, 2025, markets showed resilience as expectations of imminent Federal Reserve rate cuts lifted Wall Street to fresh highs, even as escalating conflict in the Middle East sent oil and gold higher.
On the diplomatic front, French President Emmanuel Macron appointed Sebastien Lecornu, his loyal defense minister, as prime minister, signaling continuity in economic reforms while testing fragile parliamentary alliances. Meanwhile, President Donald Trump said he was preparing additional sanctions on Russia and claimed new authority from the Supreme Court to remove a federal commissioner, raising renewed concerns over U.S. institutional independence. In South Asia, Washington sealed a $500 million minerals deal with Pakistan, underlining shifting trade alignments.
On the economic front, the Federal Reserve appeared on track to cut rates next week after U.S. payrolls were revised sharply lower by 911,000 in a record downward adjustment. Traders priced a near certainty of a 25 basis point cut and even a small chance of a deeper move, with markets now expecting three reductions this year.
In Europe, the Bank of France projected 0.3% growth in the third quarter, citing resilience in aviation and pharmaceuticals despite weak construction and energy output.
In reaction to these movements, bond yields steadied while the dollar regained footing from a six-week low. Furthermore, oil prices climbed more than 1% as investors weighed risks from the Middle East, while equities held firm, with the S&P 500 and Nasdaq both closing at record highs.
In Crypto, Bitcoin traded just above $111,000, easing from earlier highs as investors shifted toward gold and the dollar after the latest flare-up in the Middle East. Ethereum hovered near $4,300 without much direction, while Solana edged higher to around $215 on steady institutional demand.
,In addition to price swings, the sector was active with updates and achievements.
SwissBorg reported a $41 million Solana exploit but pledged to reimburse users in full. Metaplanet doubled its Bitcoin reserves to more than 20,000 tokens, while Strategy added nearly 2,000 Bitcoin in a bid to reassure investors after its exclusion from the S&P 500 index.
Meanwhile, Gemini, secured a $50 million investment from Nasdaq ahead of its planned IPO, underscoring the deepening institutional presence in digital assets.
Price movements
Global Indices
- S&P 500 Index (SPX): 6,512.62 (+0.27%)
- Dow Jones Industrial Average (DJI): 45,711.34 (+0.43%)
- Nasdaq Composite Index (IXIC): 21,879.49 (+0.37%)
- Nikkei 225 Futures (NK2251D): 43,600.0 (+0.09%)
- Euronext 100 Index (N100-D): 1,600.62 (+0.41%)
- FTSE 100 (FTSE): 9,257.7 (+0.32%)
Cryptocurrencies
- Bitcoin (BTCUSD): 111,276 (-0.73%)
- Ethereum (ETHUSDT): 4,299.45 (-0.14%)
- Binance Coin (BNBUSDT): 877.70 (-0.04%)
- Solana (SOLUSDT): 215.19 (+0.50%)
- Notcoin (NOTUSDT): 0.00196402 (-0.95%)
- BTC Dominance (BTC.D): 58.17% (-0.29%)
Major Stocks
- Nvidia (NVDA): 170.76 (+1.46%)
- Tesla (TSLA): 346.97 (+0.16%)
- Microsoft (MSFT): 498.41 (+0.04%)
- Meta Platforms (META): 765.70 (+1.78%)
- Apple (AAPL): 237.82 (-0.18%)
- Amazon (AMZN): 238.24 (+1.02%)
Commodities
- Silver (XAGUSD): 40.857 (-1.13%)
- Gold (XAUUSD): 3,624.165 (-0.32%)
- WTI Crude Oil (USOIL): 62.76 (+0.50%)
- Brent Crude Oil (BRENT3!): 68.166 (-3.68%)
Forex
- U.S. Dollar Index (DXY): 97.755 (+0.32%)
- EUR/USD: 1.1710 (+0.02%)
- GBP/USD: 1.3522 (-0.03%)
- USD/JPY: 147.375 (-0.02%)
Read More: Web 3.0 Trends: Key Takeaways From WebX 2025 Tokyo
