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U.S. existing home sales declined unexpectedly, while crude oil prices fell and the dollar continued to weaken, trading at ¥162.26 per $1.1446.
[London Market Overview] On the 9th, the dollar-yen exchange rate edged higher in the London foreign exchange market. The minutes from the previous day's Federal Open Market Committee (FOMC) meeting heightened expectations for a September rate hike by the Federal Reserve Board (FRB), and supported by rising interest rates, the pair rose from ¥162.30 to ¥162.45. The euro-dollar declined to $1.1423 from $1.1438, pressured by dollar buying amid rising U.S. long-term interest rates. The euro-yen followed the euro-dollar lower, falling from ¥185.68 to ¥185.52.
U.S. equity markets rose on the ninth, buoyed by lower crude oil prices and declining interest rates.
U.S. equity markets rose, with the Dow Jones Industrial Average closing up $139.02 at 52,487.41 and the Nasdaq Composite finishing 336.24 points higher at 26,206.89. Markets climbed after the open on renewed optimism regarding the resumption of peace talks with Iran. Falling crude oil prices were well received, supporting steady gains throughout the session. The Nasdaq extended its gains into the close, aided by declining interest rates and a recovery in the technology sector. By sector, automobiles and auto parts as well as semiconductors and semiconductor manufacturing equipment posted gains, while real estate management and
GPT-5.6 fully launched! New ChatGPT agent released simultaneously; Altman stated that 'many adjustments' were made following discussions with the U.S. government.
OpenAI has fully launched three new GPT-5.6 models, which outperform Anthropic's Fable 5 in benchmark tests; the flagship Sol model costs one-fourth as much as Fable 5, while Terra and Luna cost only one-sixteenth as much. On the same day, OpenAI introduced ChatGPT Work agents, capable of working continuously across applications for multiple hours. Altman did not specify the exact nature of recent adjustments and also stated that it remains uncertain whether the company will go public this year. GPT-5.6 achieves a 54% improvement in token efficiency for agent programming, and open-source models from China are becoming 'very good.'
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