AI IPOs and Brazilian political shifts dominate

Anthropic's IPO prospectus has sparked renewed interest in AI, boosting European chip stocks and potentially leading to increased investment in the tech sector. Meanwhile, Brazil's markets are reeling from Lula's unexpected election win, which could lead to prolonged volatility and a reassessment of emerging market risks. Investors are also closely watching the Fed meeting, as expectations for interest rate decisions could impact commodities and currencies, particularly gold and the dollar.