Global markets sharply shift mood: AI sector drives the market up, oil falls, Nasdaq rises

Global financial markets have sharply shifted mood and entered a phase of active risk-on. The main drivers were the powerful report from Nvidia (+85% revenue), easing geopolitical tensions in the Middle East, and a sharp decline in oil. After the nervousness at the beginning of the week, global markets returned to active buying, and the technology sector once again became the center of global capital attention.

📈 USA: AI sector pulls the market up again

American indices confidently closed in the positive: Dow Jones — 50,009.35 (+1.31%) · S&P 500 — 7,432.97 (+1.08%) · NASDAQ — 26,270.36 (+1.54%). The key driver was the report from Nvidia: revenue increased by 85%, confirming strong demand for AI infrastructure, data centers, and semiconductors.

Investors are once again actively accumulating in the technology sector. The exception is shares of Intuit, which lost more than 10% after a weak forecast and reports of staff reductions.

🇪🇺 Europe supports the global rally

European indices finished the day with confident growth: DAX — 24,737.24 (+1.38%) · CAC 40 — 8,117.42 (+1.7%).

Additional support came from statements by Donald Trump regarding the advancement of negotiations between the USA and Iran — this eased investors' concerns about further escalation in the Middle East.

🌏 Asia: technology explodes the market

The Asian region showed one of the strongest sessions in recent months. KOSPI soared more than 8% after a strike was averted at Samsung Electronics — shares gained 8.5%. Nikkei 225 +3.54% amid record growth in semiconductor exports — chip shipments in April increased by 14.8%.

Chinese markets looked weaker: CSI 300 −1.39% · Hang Seng −0.57%. Investors continue to wait for new incentives from the government to support the domestic economy.

🛢 Oil sharply collapsed — gas and gold hold steady

Amid reports of the final stage of negotiations between the USA and Iran, the market began to actively reduce positions in oil: Brent — $104.7–105.5 (−5–6% for the session). The decline eased inflationary concerns; however, shares of ExxonMobil, Chevron, and other energy giants were sold off.

The European gas hub TTF fell to €49/MWh. American natural gas holds at $3 per MMbtu. Gold shows a cautious rebound, maintaining its status as a safe-haven asset amid uncertainty surrounding the Fed's policy.

💵 Currency market and bonds

Easing inflationary pressure prompted a move out of protective dollar positions: DXY shifted to decline · EUR/USD holds above 1.16 · the British pound strengthened after data showed a slowdown in inflation in the UK.

In the debt market, yields are declining: 10-year US bonds — below 4.60% · German Bunds — 3.10%. Bitcoin stabilized around $77,000 — the crypto market holds positions thanks to renewed interest in risk assets.

🇰🇿 Kazakhstan: KASE at highs, economy growing

The KASE index is trading around 7,600 points — the market remains resilient despite the correction in the commodity sector. Since the beginning of 2026, capitalization has increased by 21% to 47.1 trillion tenge. The National Bank of Kazakhstan keeps the base rate at 18% amid inflation of 12.3%. The next rate decision is on June 5.

Macroeconomics remain stable: GDP January–April +3.6% · manufacturing industry +9.9% · gold and foreign exchange reserves $65.7 billion · National Fund assets $64.8 billion. The World Bank noted risks of overheating due to rapid growth in consumer lending.

⚡ In focus today: strong Nvidia earnings and recovery of the tech sector · decline in oil amid US-Iran negotiations · weakening dollar and bond yields · resilience of KASE and macro statistics of Kazakhstan.