German state prosecutors said a drone discovered at Leipzig/Halle airport contained an explosive device and that their office has taken over the investigation.

US equities opened higher: Dow +0.33%, S&P 500 +0.56%, Nasdaq +0.39%. SpaceX (SPCX.O) fell 10.5% on concerns over a surge in AI-related spending. AMD (AMD.O) dropped about 7% after weak Q2 results and a muted outlook. Shopify (SHOP.N) jumped about 20%. Gold briefly topped $4,200 intraday; miners Harmony Gold (HMY.N) rose 7.5% and Gold Fields (GFI.N) climbed 8.3%. Storage-related stocks were slightly lower.

Fed's Schmid said the labor market appears broadly balanced.