Sanae Takaichi's Rise Sparks Market Rally and Yen Decline
TL;DR Summary
Global markets are heavily influenced by politics, with Japan's stock market reaching new highs amid expectations of fiscal stimulus and delayed rate hikes, while gold and bitcoin hit record levels amid concerns over fiat currency stability and the U.S. government shutdown. European markets remain flat, with key central bank speeches and economic data on the horizon.
- Morning Bid: Politics dominate markets, from Japan stocks to bitcoin Reuters
- Sanae Takaichi Is Likely to Be Japan’s Next Leader. Who Is She? The New York Times
- Who is Sanae Takaichi? The first woman set to helm the Japanese government CNBC
- Yen, bonds sell off as Takaichi win spurs bets on fiscal easing Reuters
- Yen slumps and Nikkei hits record after Sanae Takaichi wins Japan’s ruling party election; gold nears $4,000 as rally continues – business live The Guardian
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