Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
Gold and Asian Stocks Rebound as Market Volatility Eases and Global Sentiment Improves 
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
Dollar Holds Firm as Strong U.S. Data, Fed Expectations and Global Central Bank Moves Shape Markets 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
Indian Rupee Strengthens Sharply After U.S.-India Trade Deal Announcement 
UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
Gold, Silver, and Platinum Rally as Precious Metals Recover from Sharp Selloff 
EU Recovery Fund Faces Bottlenecks Despite Driving Digital and Green Projects 
Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
Japan Finance Minister Defends PM Takaichi’s Remarks on Weak Yen Benefits 
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
Wall Street surged on Friday, with the S&P 500 and Nasdaq closing at all-time highs as investor sentiment rose on trade deal optimism and growing expectations for interest rate cuts by the Federal Reserve. Despite some volatility after President Trump ended trade talks with Canada over its digital tax on tech firms, all three major U.S. indexes logged weekly gains.
The Nasdaq officially entered a bull market, climbing more than 20% from its April 8 low. The Dow Jones Industrial Average jumped 432.43 points (1.00%) to 43,819.27, the S&P 500 added 32.05 points (0.52%) to 6,173.07, and the Nasdaq gained 105.55 points (0.52%) to close at 20,273.46.
Investors are increasingly betting on a Fed rate cut, with CME’s FedWatch tool showing a 76% probability of a September cut and 19% odds for July. Economic data added fuel to the rally, with May’s PCE report showing unexpected drops in consumer income and spending, while inflation stayed above the Fed’s 2% target. Consumer sentiment also improved, though it remains below post-election highs.
In sector performance, consumer discretionary led the S&P 500, while energy lagged. AI stocks gained momentum as Micron’s strong outlook boosted investor confidence. Nvidia rose 1.8%, approaching a $4 trillion valuation. Nike shares soared 15.2% after better-than-expected guidance.
Market breadth showed advancing NYSE stocks outpacing decliners by 1.29-to-1, with 347 new highs. On Nasdaq, decliners slightly outnumbered gainers. The session saw unusually high trading volume, hitting 22.07 billion shares versus the 20-day average of 18.27 billion.
Overall, investors continue riding bullish momentum driven by AI optimism, monetary policy expectations, and hopes for global trade resolution.
