Global Market Digest: Wall Street Rally Amid AI Boom Against Geopolitical Shock in the Oil Market

Global financial markets are starting June with moderate optimism. The main drivers remain the ongoing boom in artificial intelligence, strong corporate results from the tech sector, and signs of possible de-escalation of the conflict in the Middle East. At the same time, investors are closely assessing macroeconomic data from the world's largest economies, as these will determine the further actions of central banks in the second half of the year.

📈 Wall Street Rewrites History

The American stock market continues to set historical highs: S&P 500 — 7,626 points · Dow Jones — 51,053 points · Nasdaq 100 has surpassed the 30,000-point mark for the first time in history. The main driver of growth remains the artificial intelligence sector. Chip manufacturers, data center equipment, and cloud infrastructure continue to show strong financial results, attracting the largest capital flows.

Additional support for the market comes from reports of progress in diplomatic negotiations between the USA and Iran.

🌏 Asia Starts June on a Positive Note

Most Asian markets ended the trading session with gains: Nikkei 225 (Japan) was among the leaders in growth due to new investments in AI infrastructure and the tech sector · Indian indices Nifty 50 and Sensex added about 0.5% · Chinese markets show mixed dynamics against weak manufacturing data.

Investors continue to closely monitor the state of global industry, assessing the prospects for global economic growth.

🇪🇺 Europe: Growth Despite Weakness in Industry

European markets opened the summer season with moderate growth: DAX (Germany) shows positive dynamics · FTSE 100 (UK) remains in the black · CAC 40 (France) is under pressure from the luxury sector.

Despite a decline in manufacturing activity in several eurozone countries, investors are counting on a gradual recovery of the economy in the second half of the year.

🛢️ Oil — Indicator of Geopolitics · 🥇 Gold Holds Its Ground

The energy market continues to react to the situation in the Middle East: Brent is trading in the range of $91–93 per barrel · WTI is holding around $89–90 per barrel. Prices are influenced by geopolitical risks and potential supply disruptions on one hand, and hopes for a temporary ceasefire between the USA and Iran and reduced tensions around the Strait of Hormuz on the other. High energy prices remain one of the main inflationary risks for the global economy.

After sharp volatility in recent weeks, gold remains at elevated levels: Gold — around $4,520 per ounce. Investors continue to use precious metals as a hedge against geopolitical risks and inflationary pressures.

💵 Currency Market and 🪙 Cryptocurrencies

The dollar remains resilient amid expectations of a prolonged period of high rates: DXY — around 99 points · EUR/USD remains near key support levels. Japanese authorities confirmed currency interventions to support the yen — this remains one of the main topics in the currency market. Yields on government bonds in the USA and Europe have slightly decreased following news of possible de-escalation of the Middle Eastern conflict.

The digital asset market remains in the spotlight of regulators. There is particular interest in the stablecoin market, whose capitalization has approached $300 billion. Major global regulators, including ECB, continue to discuss the role of digital assets in international settlements and the financial system of the future.

🇰🇿 Kazakhstan and 📅 Key Events of the Day

The main event of the week in the local market is the meeting of the National Bank of Kazakhstan on June 5. Market participants are discussing the likelihood of the first reduction in the base rate in months amid slowing inflationary processes. The regulator's decision could significantly impact the tenge exchange rate, the bond market, the banking sector, and investment activity within the country.

Today, investors will get the first full picture of the state of global industry in May. In focus: manufacturing PMI of Australia, Japan, China, India, Germany, the UK, the Eurozone, Canada, and the USA · unemployment rate in the Eurozone · GDP of Switzerland for Q1 2026 · corporate reports from Hewlett Packard Enterprise, Credo Technology Group, HIVE Digital Technologies and other companies. The main event of the day is the publication of ISM Manufacturing PMI of the USA, which could significantly influence expectations for the Fed's rates, the dynamics of the dollar, bonds, and the stock market.

⚡ In Focus Today: Nasdaq 100 above 30,000 for the first time · S&P 500 at 7,626 and Dow Jones at 51,053 · Brent $91–93 amid USA–Iran negotiations · gold $4,520 · stablecoins at $300 billion · ISM Manufacturing PMI of the USA · NBRK meeting on June 5 — possible reduction of the base rate · Japan confirmed currency interventions to support the yen.