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NEW: 🇳🇿 New Zealand's central bank unexpectedly cut its official cash rate by 50 basis points.

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NEW: 💰 xAI, led by Elon Musk, is reportedly seeking a massive $20 billion funding round, potentially involving Nvidia as an investor.

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NEW: ₿ Bitcoin is near $122,030 after spot BTC ETFs recorded $1.18 billion in the second-largest daily inflow since launch.

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NEW: 💰 SoftBank Group agreed to acquire the robotics unit of ABB for $5.4 billion.

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NEW: 🇺🇸 A Pentagon nominee endorsed Donald Trump's call for Taiwan to increase its defense spending by 10%.

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NEW: 🇫🇷 Political chaos in France has drawn immediate market-moving attention to the country's soaring debt and budget deficit issues.

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NEW: ₿ CleanCore Solutions announced its treasury now holds 710 million Dogecoin, valued at $174 million.

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NEW: 🇪🇺 Shares of major European auto manufacturers fell due to panic over the European Union's new steel import tariffs.

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NEW: 💰 Nvidia is reportedly planning to invest up to $2 billion in Elon Musk's xAI venture.

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NEW: 🇩🇪 BMW shares fell after the company cut its profit forecast due to new tariffs and weakening demand in China.

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NEW: 🇮🇳 The Trump administration is seeking to deepen energy and defense deals with India following recent tariff impositions.

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🕒 🇺🇸 11:00 AM MBA 30-Year Mortgage Rate
Actual: 6.43%
Previous: 6.46%

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🕒 🇬🇧 11:01 PM RICS House Price Balance
Actual: -15%
Previous: -19%
Forecast: -18.0%
Consensus: -18%

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NEW: 🌍 Sam Altman indicated that OpenAI plans more significant infrastructure deals following recent large agreements with Oracle, Nvidia, and AMD.

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