Asian stocks were mostly lower, with Japanese markets hitting record highs after Sanae Takaichi’s election win. Markets elsewhere drifted lower on concerns over Trump’s tariff policies and Fed independence. Attention this week will be on earnings and Fed officials’ speeches. Oil prices rose after OPEC+ announced a modest production boost. Gold surged to a new high, while the dollar was flat due to the government shutdown. U.S. stocks ended mixed, with the S&P 500 and Dow reaching record highs. European stocks closed higher, with the Stoxx 600 rising 0.5%.

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