The stock market experienced a strong rebound on Friday, ending a five-day losing streak following the announcement of the budget. This surge marked the best weekly gains in the last 14 years. The US presidential election took another turn as former President Barack Obama and former first lady Michelle Obama publicly endorsed Vice President Kamala Harris for the presidency. This endorsement further strengthens Harris’ position as a leading contender for the Democratic nomination. Meanwhile, the opening of the Paris Olympics faced a significant setback as unidentified saboteurs carried out a series of coordinated attacks on the French train network. These pre-dawn attacks caused widespread chaos and disruptions, affecting tens of thousands of passengers traveling to Paris for the Games or vacations. Outgoing Prime Minister Gabriel Attal stated that the saboteurs targeted the three main routes leading to the capital city, aiming to disrupt the high-speed train network. Attal also warned of “huge and serious consequences” for the rail network, as the damage is extensive and will require significant labor to repair. Around 800,000 passengers are expected to be affected over the weekend due to cancellations and delays. Data released by the Reserve Bank of India on Friday revealed that foreign exchange reserves have reached a new record high. Foreign currency assets, a key component of the reserves, increased by $2.578 billion to $588.048 billion during the week ending July 19. The previous record was set last week, when reserves surged by $9.699 billion to $666.854 billion.