Japan appointed its first female prime minister, Sanae Takaichi, sparking market optimism as the Nikkei nudged closer to 50,000. Investors caught a breath as hopes of a U.S.–China trade thaw nudged stocks higher and gold took a brief pause. Meanwhile, the art world staggered: luxury gains cooled with global high-end sales down double digits, reminding everyone that even culture can feel like collateral damage in this cycle.

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