Global Markets Tremble Amid Political and Economic Uncertainty

U.S. equities opened the week under pressure as political interference rattled Federal Reserve confidence. Dow, S&P 500, and Nasdaq futures dipped following former President Trump's unverified claim of firing Fed Governor Lisa Cook—a MOVE that sparked concerns about central bank independence. The timing couldn't be worse, with Nvidia's earnings poised to test the AI investment thesis and critical inflation data looming.

Europe's CAC 40 plunged 2% as France's political crisis deepened. Prime Minister Bayrou faces likely defeat on his austerity package, threatening the third government collapse in 18 months. Banking stocks bore the brunt, with BNP Paribas and Societe Generale leading declines as sovereign bond yields spiked to multi-month highs.

Commodity markets mirrored the risk-off sentiment. Oil prices retreated from recent highs as supply concerns eased, though energy traders remain wary of geopolitical flashpoints. The broader STOXX 600 slid 1% as capital fled to haven assets—a pattern that often precedes crypto market inflows during traditional market turmoil.