Gold Prices Rise as Yen Rally Weakens Dollar 
Asian Stocks Mixed as Korean Chipmakers Rally 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
China Inflation Accelerates in August as CPI, PPI Rise 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
China to Inject $45 Billion Into State Financial Institutions 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
South Korea GDP Surges on Chip and AI Boom 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
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U.S. stocks climbed on Friday, boosted by stronger-than-expected job growth and optimism over renewed U.S.-China trade talks. The S&P 500 closed above 6,000 for the first time since February, led by gains in technology stocks.
Nonfarm payrolls rose by 139,000 in May, surpassing forecasts of 130,000, while the unemployment rate held steady at 4.2%. The report eased concerns over economic slowdown and led traders to believe the Federal Reserve will likely delay interest rate cuts until September. The Fed meets later this month.
Investors were also encouraged after President Donald Trump announced that three cabinet officials will meet Chinese representatives in London on June 9 to discuss a trade agreement. Although his recent conversation with Chinese President Xi Jinping left several issues unresolved, markets welcomed the diplomatic progress.
The S&P 500 gained 61.02 points (1.03%) to close at 6,000.32, while the Dow Jones rose 442.88 points (1.05%) to 42,762.62. The Nasdaq jumped 231.50 points (1.20%) to 19,529.95. For the week, the S&P rose 1.5%, the Dow 1.17%, and the Nasdaq 2.18%.
Tesla (NASDAQ:TSLA) rebounded 3.8% after plunging 15% on Thursday amid a public feud between Trump and Elon Musk. Other tech giants saw gains: Amazon rose 2.7% and Alphabet climbed 3.25%.
Wells Fargo jumped 1.9% after S&P Global upgraded its outlook to “positive.” In contrast, Broadcom fell 5% following a weak revenue forecast, and Lululemon plunged 19.8% after slashing its profit outlook due to rising tariff-related costs.
Market breadth was strong, with advancing issues outpacing decliners by over 2-to-1 on both the NYSE and Nasdaq. Trading volume remained light at 14.5 billion shares, below the 20-session average.
