South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
Dow Hits Record High as Healthcare and Consumer Stocks Lead Wall Street Rally 
BOJ Governor Ueda Warns Oil Price Shock Could Trigger Persistent Inflation 
Dollar Slips as Iran Peace Hopes Ease Rate Hike Fears 
Croatia Weighs Ante Zigman for Central Bank Governor Role in Key ECB Transition 
U.S. Launches New Strikes on Iran as Trump Signals Peace Deal Uncertainty 
Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026 
Australia Inflation Cools in April as Fuel Prices Ease, But Core CPI Remains Sticky 
Australia Urged to Simplify Regulations to Revive IPO Market and Boost Innovation 
Oil Prices Slip as U.S.-Iran Talks Continue Amid Ceasefire Tensions 
Uruguay Central Bank Holds Interest Rate at 5.75% Amid Inflation and Oil Price Concerns 
Nikkei Hits Record High as AI Chip Stocks Power Japan Market Rally 
European Stocks Rise as AI Optimism Offsets U.S.-Iran Tensions 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
Sri Lanka Central Bank Surprises Markets With 100 Basis Point Rate Hike Amid Inflation and Currency Pressure 
Canada and Germany Advance Major LNG Supply Partnership 
RBNZ Holds Interest Rates Steady but Signals More Hikes Ahead in 2026 
U.S. stock markets closed slightly higher on Wednesday as investors balanced strong gains in consumer sectors against weakness in energy and financial stocks. The S&P 500 ended nearly flat at 7,520.45, while the Nasdaq Composite gained 0.1% to close at 26,674.74. The Dow Jones Industrial Average climbed 0.4% to 50,644.41. All three indexes achieved new record highs despite cautious trading sentiment.
Market analysts noted that investors are taking profits after a powerful rally driven mainly by technology stocks and artificial intelligence demand. The S&P 500 has surged roughly 18% since late March, while technology shares have jumped nearly 38%. Experts believe the market trend remains positive, although volatility could increase in the coming weeks as earnings season winds down.
Technology stocks, especially semiconductor companies, remained a key focus. Micron Technology continued attracting attention as demand for AI-related memory chips boosted investor confidence. The company recently surpassed a $1 trillion market value, joining major Asian chipmakers Samsung Electronics and SK Hynix. Analysts expect Micron’s revenue and profits to continue growing through 2026 and 2027 due to increasing AI infrastructure investments.
Meanwhile, geopolitical tensions also influenced trading activity. Reports about a possible memorandum of understanding between the United States and Iran briefly raised hopes for reduced conflict in the Middle East. However, the White House rejected claims made by Iranian state media regarding a proposed agreement. President Donald Trump and Secretary of State Marco Rubio confirmed that diplomatic discussions are ongoing, though no official deal has been finalized.
Oil prices declined as traders anticipated improved shipping activity through the Strait of Hormuz, a critical global energy route. Brent crude futures dropped to around $95 per barrel after recent spikes above $100.
Among individual stocks, PDD Holdings fell more than 10% after disappointing quarterly revenue results, while Abercrombie & Fitch jumped 9% following stronger-than-expected earnings.
