The US stock indices closed with a powerful surge, fully offsetting the losses of the previous session and recording one of the best days of the year. By the end of the day, the Dow Jones Index (US30) rose by 1.86%. The S&P 500 Index (US500) increased by 1.75%. The Tech‑heavy NASDAQ (US100) closed up by 3.29%. The main driver of the explosive rally on Wall Street was the unexpected easing of geopolitical tensions in the Middle East. During the day, US President Donald Trump shifted from warlike rhetoric to a conciliatory tone: after morning threats to deliver “very tough strikes tonight” and take control of Iran’s oil infrastructure (including Kharg Island), by the evening he announced on the social network Truth Social that the planned bombings were canceled. Trump stated that during high‑level negotiations a “big agreement” to end the war had been reached, and that it had been fundamentally approved by Iran, Israel, and key Arab allies.

An additional powerful boost to the market came from the technology sector, where preparations for the historic IPO of Elon Musk’s SpaceX, scheduled for Friday, June 12 (the expected company valuation is $1.75-1.77 trillion), were in full swing.

On the macroeconomic front, the situation remained mixed. Fresh data on the Producer Price Index (PPI) for May indicated an acceleration in wholesale price growth, confirming the persistence of high inflation due to the recent commodity shock. This data strengthened market expectations that the US Federal Reserve (the Fed) will be forced to raise interest rates at least one more time before the end of 2026 (traders consider December the most likely moment).
European indices closed in the green yesterday. By the end of the day, Germany’s DAX (DE40) rose by 0.06%, France’s CAC 40 (FR40) closed up by 0.48%, Spain’s IBEX 35 (ES35) increased by 0.81%, and the UK’s FTSE 100 (UK100) ended the trading session higher by 0.48%. The central bank of Denmark (Danmarks Nationalbank) raised its key interest rate by 25 basis points as expected – to 1.85%. The current account rate, deposit certificates, and discount rate were fixed at this level, while the lending rate increased to 2.00%. The Danish regulator took this step immediately after a similar decision by the European Central Bank earlier the same day. The moves by Frankfurt and Copenhagen were driven by the need to combat inflation risks caused by the new escalation of the Middle East conflict and shocks in the energy market.

Platinum prices (XPT) showed a powerful rebound, soaring more than 4% and breaking above $1,730 per troy ounce. This sharp rise allowed the market to move away from the six‑month low recorded during the recent sell‑off.

Platinum’s dynamics fully matched the broad rally in the precious metals sector triggered by the large‑scale de‑escalation of geopolitical tensions. Nevertheless, caution persists in the market. Experts emphasize that even in the event of diplomatic success, it will take considerable time to fully restore supply chains and oil export volumes. At the same time, platinum continues to be supported by a severe physical deficit in the long term. According to WPIC’s outlook, in 2026 the market will face a shortage of the metal for the fourth consecutive year.

Oil WTI prices stabilized around $90 per barrel, balancing between threats and diplomacy. On one hand, Donald Trump threatened strikes on Iran’s terminal on Kharg Island, although he ruled out a full‑scale war. On the other hand, the UAE and Iran held rare direct talks, restoring hope for de‑escalation. However, the decline in prices is limited by severe depletion of global inventories: reserves in the US continue to fall sharply, and fuel stocks in Singapore have plunged to their lowest level since 2013, confirming shortages at key hubs.
The US natural gas prices (XNG) fell more than 3% – below $3.10 per MMBtu, hitting a two‑week low. The trigger was the EIA report: underground storage inventories rose by 108 billion cubic feet for the week, exceeding the prediction of 101 billion.

On Thursday, Japan’s Nikkei 225 (JP225) rose by 0.06%, China’s FTSE China A50 closed lower by 0.49%, Hong Kong’s Hang Seng (HK50) fell by 0.65%, and Australia’s ASX 200 (AU200) declined by 0.23%. On Friday, the Chinese stock market showed a confident recovery. The positive dynamics in China followed the general rally across Asian markets. The main driver of optimism was Donald Trump’s statement that a peace agreement on the Middle East could be signed as early as this weekend. Investors expect that de‑escalation will allow safe commercial shipping through the Strait of Hormuz to be restored in the shortest possible time. Despite Friday’s rebound, both Chinese indices recorded weekly declines due to high volatility.