US equity futures are slightly softer. Asian markets are mostly higher, and European equities opened flat to lower. US stocks extended record highs Monday on continued optimism around AI and stable Fed expectations, while AMD surged after announcing a multibillion-dollar partnership with OpenAI. Political developments dominated global headlines — French Prime Minister Lecornu resigned, and Japan’s new LDP leader Takaichi’s victory fueled expectations for debt-funded stimulus. Rating agencies warned about France’s credit outlook, with BCA Research calling French bonds “uninvestable.”
Companies Mentioned: Apollo Global Management, Itron, Science Applications International