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๐ Global Market Overview | June 2
Markets stayed cautiously risk-on despite ongoing U.S.โIran uncertainty.
๐ $SPX and $NDX hit fresh record highs, led by AI-related stocks. $MRVL surged over 30%, while $HPE rallied on stronger AI revenue expectations.
โฟ $BTC dropped below $70K for the first time since April as ETF outflows and weak crypto sentiment pressured the market.
๐ข $USOIL climbed above $93 as Middle East tensions continued to fuel energy concerns.
๐ Key Signals
๐น U.S. JOLTS job openings rose to 7.62M, showing a resilient labor market.
๐น Eurozone inflation accelerated to 3.2%, keeping pressure on central banks.
๐น Fed officials warned inflation remains a risk, reducing expectations for near-term rate cuts.
๐ Market Snapshot
$NDX +0.75%
$SPX +0.25%
$DJI +0.66%
๐ข $USOIL +1.09%
๐ต $DXY +0.04%
๐ก $XAU +0.08%
โฟ $BTC -5.22%
๐ Bottom Line:
AI continues to drive stocks higher, but rising oil prices, sticky inflation, and geopolitical uncertainty are keeping markets on alert.
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