Swiss SMI index rose 0.8% following clarity in "corporate finance law" regarding shareholder rights in multinational agreements. Defensive sectors like healthcare outperformed, sustaining capital inflows amid global rate uncertainties. Texas gunmaker Watchtower filed for bankruptcy earlier this year amid lower consumer demand for guns after the pandemic boom . Now, the seller of firearms, suppressors and accessories is working on a comeback. The Division highlights the ability for the secondary market to determine the price of a stablecoin. The Division explains that intermediaries can stabilize prices through arbitrage; that is, they can purchase stablecoins from the issuer and sell in the market if the price rises above the redemption value, or purchase in the market and redeem with the issuer if the price is below redemption value. German DAX index saw a 0.7% uptick, supported by auto companies positioning for EU "corporate finance law" tax harmonisation benefits. Trading desks report increased derivatives activity targeting sector rotation toward cyclical growth.