Canadian Dollar: 1.3970 in Focus against US Dollar – Societe Generale

AMD acquires AI startup World Labs in an all-stock transaction valued at approximately $8.2 billion. World Labs was co-founded by AI pioneer Fei-Fei Li and focuses on spatial intelligence and three-dimensional environment simulation. Upon completion of the transaction, Fei-Fei Li will serve as AMD's Executive Vice President and Chief Scientist. This move indicates that AMD aims to internalize model research capabilities as a driving force for chip design and to compete directly with Nvidia in physical AI domains such as robotics and simulation.

Christine Lagarde, President of the European Central Bank, stated that a significant rise in long-term interest rates will slow economic growth and suppress the transmission of energy prices to overall inflation, exceeding the extent forecasted by the ECB in September. She also emphasized that in the absence of signs of second-round effects, the ECB should adopt "moderate response measures" to control inflation. As a result, the market’s expectation of an ECB rate hike in October has dropped to less than 40%.