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📌 Global Market Overview | June 2
Markets stayed cautiously risk-on despite ongoing U.S.–Iran uncertainty.
📈 $SPX and $NDX hit fresh record highs, led by AI-related stocks. $MRVL surged over 30%, while $HPE rallied on stronger AI revenue expectations.
₿ $BTC dropped below $70K for the first time since April as ETF outflows and weak crypto sentiment pressured the market.
🛢 $USOIL climbed above $93 as Middle East tensions continued to fuel energy concerns.
📊 Key Signals
🔹 U.S. JOLTS job openings rose to 7.62M, showing a resilient labor market.
🔹 Eurozone inflation accelerated to 3.2%, keeping pressure on central banks.
🔹 Fed officials warned inflation remains a risk, reducing expectations for near-term rate cuts.
📈 Market Snapshot
$NDX +0.75%
$SPX +0.25%
$DJI +0.66%
🛢 $USOIL +1.09%
💵 $DXY +0.04%
🟡 $XAU +0.08%
₿ $BTC -5.22%
📌 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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