Japan's Nikkei Hits Record High on Takaichi's PM Win; French Unrest Rocks Europe, Commodities Surge
Markets worldwide have seen significant movements today, with Japan's Nikkei Index reaching a new record high following the selection of Sanae Takaichi as the Liberal Democratic Party's (LDP) leader and candidate for prime minister. Meanwhile, French political unrest has caused ripples across European markets, and stock market today prices have surged with gold and oil prices touching new highs.
In Japan, the Nikkei Index has hit a record high as investors anticipate the appointment of Sanae Takaichi as the country's next prime minister. The LDP, Japan's ruling party, chose Takaichi as its new leader and candidate in October 2025, making her set to become Japan's first female prime minister. This decision has boosted market confidence, driving the news index to unprecedented levels.
Across the globe, tech shares have experienced a lift following an AI chip deal struck by French President Emmanuel Macron. The agreement has sparked optimism in the tech sector, with global markets responding positively to the news.
French political turmoil, however, has rattled European markets. Unrest in France has led to uncertainty, causing fluctuations in European indices. Meanwhile, commodity prices have soared, with gold prices reaching new highs, driven by global economic uncertainty and geopolitical tensions. Oil prices have also risen following a decision by OPEC+ nations to adjust production levels.
Today's market movements reflect a mix of optimism and uncertainty. Japan's Nikkei Index has hit a record high on the back of Takaichi's impending premiership, while French political unrest has caused European markets to fluctuate. Meanwhile, commodity prices, particularly gold and oil, have surged to new highs, reflecting global economic uncertainty and geopolitical tensions.
