📌 Global Market Overview | Monday, June 1 Global markets started the week with cautious optimism as U.S. equities continued climbing despite renewed uncertainty surrounding U.S.–Iran negotiations. $SPX and $NDX both reached fresh record highs, supported by strong AI-driven momentum and resilient economic data. However, reports that Iran suspended indirect talks with the U.S., combined with renewed military activity, reminded traders that geopolitical risks remain very much alive. Meanwhile, $USOIL surged more than 5%, briefly approaching $94 before settling near $92.5. Markets are increasingly concerned that prolonged conflict and disruptions to global energy routes could reignite inflation pressures and complicate the Fed’s policy outlook. In technology, $NVDA gained after unveiling new AI-focused PC chips, while $MU crossed the $1,000 level for the first time. At the same time, U.S. manufacturing surprised to the upside, with ISM Manufacturing rising to 54, its strongest reading since 2022. Key Headlines 🔹 U.S. ISM Manufacturing climbed to 54, driven by stronger production and new orders, though input costs remained elevated. 🔹 UK Manufacturing PMI rose to 53.9, signaling continued industrial recovery despite persistent inflation pressures. 🔹 Eurozone Manufacturing PMI slipped to 51.6, as supply chain disruptions and energy concerns weighed on activity. 🔹 ECB consumer surveys showed long-term inflation expectations remained relatively stable, while growth expectations deteriorated. 🟡 $XAU Gold: $4,484.72 (-1.23%) 📈 $NDX Nasdaq 100: +0.47% 📈 $SPX S&P 500: +0.25% 📈 $DJI Dow Jones: +0.09% 🛢 $USOIL: $92.46 (+5.37%) 💵 $DXY: 99.19 (+0.25%) ₿ $BTC: $71.4K (-3.09%) Bottom Line Markets are currently caught between two powerful forces: 🔹 Strong economic data and the AI boom supporting equities. 🔹 Rising energy risks, inflation concerns, and Middle East uncertainty pressuring bonds, crypto, and risk sentiment. For now, Wall Street continues to focus on growth. But oil and geopolitics are quickly moving back to the center of the macro conversation.