Archive for Economics & Fundamentals – Page 3

Scientists used a method from ecology to identify whether icy moons could hold conditions for life

By Gideon Yoffe, Weizmann Institute of Science 

New observatories and spacecraft missions are probing environments in our solar system that could potentially host life but have long remained hidden. Icy moons like Saturn’s Enceladus and Jupiter’s Europa likely contain oceans beneath frozen outer shells. But a layer of ice prohibits space probes from sampling them directly.

Exploring these icy moons is almost forensic: Their surfaces keep a partial record of inaccessible interiors. Scientists need tools that can help them figure out whether evidence of life lies beneath without observing it directly.

I’m a planetary scientist, and my colleagues and I have developed a tool that could help evaluate whether an environment has the right conditions for life, based on patterns in the types of molecules found in a sample.

Looking for life’s fingerprints

The search for life often begins with organic molecules: the carbon-based molecules from which life on Earth is built. Two especially important families of molecules are amino acids, which cells use to build proteins, and fatty acids, which help form cell membranes.

Yet these molecules are not unique to life – they can also form through nonbiological chemistry. Scientists have previously detected them in asteroids and meteorites.

Because detecting amino acids or fatty acids in a planetary environment alone will not tell researchers whether they are produced by life or by nonlife, they must seek additional evidence.

One clue is molecular handedness, or “chirality.” Certain amino acids occur in two mirror-image forms. Nonbiological processes often produce both forms in similar amounts, whereas life on Earth uses almost exclusively the left-handed forms. A strong excess of one form can point toward biology.

Another clue is found in the balance between the heavier and lighter forms of the same element within molecules. Usually, life prefers to use the lighter form.

Both of these clues are powerful indicators but difficult to measure in space. They require sensitive instruments, clean samples and often more material than a spacecraft can obtain.

That said, current and planned missions may provide a more limited – but still valuable – kind of measurement: a list of molecules and the proportions in which they are found. Our study demonstrates how researchers can use this simpler information to learn more about the molecules’ chemical origin.

Future missions may sample environments that could host life, such as Saturn’s moon Enceladus.
Jason Major, Cassini spacecraft/Flickr, CC BY-NC-SA

Investigating diversity

Life does not merely produce certain molecules – it produces them in arrangements of unique patterns. Living systems invest energy into making molecules that serve specific functions, even when those molecules are complex and harder to form. Proteins, for example, require a broad set of amino acids, including relatively complex ones. Nonbiological chemistry can also make amino acids, but typically it makes simpler ones.

A chemical diagram showing the general structure of an amino acid.
Your body requires many different amino acids to live. But nonliving chemical processes can also produce amino acids, so their presence in a sample doesn’t definitively prove life.

In our study, we investigated whether these molecules leave a statistical pattern that could serve as a biosignature: a measurable clue that may point toward life.

To quantify this idea, we used a method from ecology called diversity theory. Ecologists do not only ask how many species exist in a particular ecosystem, but also how those species are distributed: whether the community is dominated by a few very common species or by many species occurring in comparable numbers. The point of diversity theory is to both compile a list of species and capture the prevalence of each.

We applied the same logic to molecules. Within a family, such as amino acids, we treated each molecule like a species in an ecological community and measured its abundance. We wanted to know: Is a given mixture of molecules distributed evenly across different types or dominated by only a few of them? And could that pattern reflect the process that produced those molecules, whether biological or nonbiological?

Testing the framework

To test this idea, we compiled a deliberately broad dataset that included amino acids from a variety of sources: meteorites, samples from asteroid missions, laboratory simulations of nonbiological chemistry, modern organisms, sediments, ancient fossils and samples from various environments on Earth. We later did the same with fatty acids.

For amino acids, we found a clear distinction. The biological samples tended to contain many complex amino acids, in proportions similar to those of simpler ones. Nonbiological samples were usually sparser – that is, more strongly dominated by simple molecules.

This result makes sense. If biology can overcome the chemical bottlenecks necessary to create more complex molecules, you’d expect to see more of those molecules. On the other hand, nonbiological chemistry is more limited and dominated by molecules that form randomly. Complex molecules are far less likely to form under nonbiological conditions.

Fatty acids showed an opposite but equally informative pattern. Chains of fatty acids make up the outer membranes of living cells. We found that in biological samples, the fatty acid chains were all a similar length. In contrast, nonbiological samples had a wider distribution of chain lengths.

A chemical structure diagram of a fatty acid
Fatty acids are chains of molecules made up of carbon and hydrogen, with oxygen at the end.
Innerstream/Wikimedia Commons

Even though, unlike the amino acid results, the nonbiological samples showed greater fatty acid diversity, this chain length finding supported the main idea behind our research: Life shapes molecular mixtures according to function.

Taken together, our results suggest that molecular diversity can serve as a new kind of biosignature. It cannot prove the presence of life on its own, and it should be interpreted alongside other measurements. But it offers a practical way to use the kind of data spacecraft are most likely to obtain: the proportions of molecules.

Searching for life in the solar system and beyond

Future spacecraft are unlikely to find pristine biological material, even if it exists. More likely, they will encounter the chemical traces of molecules, altered by the harsh conditions on planetary surfaces.

Next, we wanted to know how long the diversity signal could survive in the type of harsh environment where scientists may look, such as the surface of Europa. Its surface is continually being bombarded by energetic particles trapped in Jupiter’s magnetic field, which can break different organic molecules apart at different rates.

An illustration of a spacecraft flying over an ice-covered moon.
NASA’s Europa Clipper mission will fly around the moon of Jupiter and take measurements to investigate whether it could harbor life.
NASA/JPL-Caltech

We modeled how these molecules would degrade under such conditions and found that the diversity signal could remain recognizable for thousands of years when the molecules are buried under a few centimeters of ice. The signal is not indestructible, but it does not require an exceptionally fresh sample.

Our results suggest that in some cases the pattern left by life may still be recognizable even after the individual molecules have begun to break down.

The take-home message from our study is that life organizes chemistry in ways that could persist even after those ingredients are altered. Living systems arrange molecules according to biological needs, while nonbiological chemistry usually follows what is easiest to produce. If this organization can survive in planetary materials, future spacecraft may search not only for the building blocks of life but for the deeper statistical pattern that life leaves behind.The Conversation

About the Author:

Gideon Yoffe, Postdoctoral Fellow in Planetary Science, Weizmann Institute of Science

This article is republished from The Conversation under a Creative Commons license. Read the original article.

 

The escalation of the conflict in the Middle East put pressure on US and European stock indices

By JustMarkets 

The US stock indices retreated from their historical highs amid a new wave of escalation in the Middle Eastern crisis. By the end of the day, the Dow Jones (US30) Index fell by 1.21%. The S&P 500 (US500) Index declined by 0.74%. The Technology‑heavy NASDAQ (US100) closed down by 0.29%.

The direct exchange of military strikes between the US and Iran affected third countries in the Persian Gulf, disrupting the fragile ceasefire and prolonging the naval blockade of key energy routes. A simultaneous surge in oil and fuel prices triggered a sharp jump in US Treasury yields across the curve, while strong macroeconomic data, including the May ADP report (122,000 new jobs versus the prognosis of 110,000) and the ISM services PMI with its price component at a four‑year high, finally convinced investors that the Federal Reserve will be forced to keep interest rates at a tight, restrictive level for an extended period. This macroeconomic backdrop triggered a large‑scale flight from risk assets, hitting the technology and financial sectors the hardest. Shares of major software companies entered a deep correction: Oracle and Palantir plunged more than 5%, while Microsoft’s market capitalization fell by 3%.

Bitcoin continued to decline, dropping to the $61,000 mark, its lowest level since the escalation of the conflict with Iran in late February, before trimming losses to around $64,000. Since Strategy Inc. sold part of its large bitcoin holdings worth about $2.5 million, the digital assets has fallen by roughly 16%. The company is one of the largest corporate bitcoin holders and is widely viewed as a representative of the digital assets management model. Bitcoin is now down more than 50% from its peak above $126,000 reached in October of last year. US-listed bitcoin exchange‑traded funds (ETFs) also recorded nearly $4 billion in outflows over 12 consecutive sessions – a record streak.
The Organization for Economic Co‑operation and Development (OECD) published an updated macroeconomic report in which it sharply downgraded its global growth expectation for the current year from the previous 3.4% to 2.8%, while keeping its 2027 estimate unchanged at 3.1%. The revision is directly linked to the prolonged Middle Eastern crisis. The key factors weighing on global activity in the coming years will be entrenched increases in energy prices, supply shortages, tight financial conditions due to high central bank rates, and a general decline in business confidence.

European indices were under pressure yesterday. By the end of the day, Germany’s DAX (DE40) fell by 1.31%, France’s CAC 40 (FR40) closed down by 0.71%, Spain’s IBEX 35 (ES35) declined by 0.53%, and the UK’s FTSE 100 (UK100) finished the session down by 0.40%.

European stock indices closed with notable losses as persistent inflation concerns were compounded by a new wave of global protectionism from Washington. The Donald Trump administration threatened to impose additional import tariffs of up to 12.5% on several trading partners due to ineffective oversight of goods produced using forced labor. This tariff threat instantly revived trade barriers between the US and the EU, coinciding with another escalation in the Middle East, where new armed clashes between Iran and the Gulf monarchies effectively derailed the fragile ceasefire. Against this backdrop, the banking sector – highly sensitive to rising systemic risks – came under the strongest pressure: shares of Italy’s UniCredit, Spain’s BBVA, and Germany’s Deutsche Bank plunged between 2% and 3.7% lower.

Prices for US WTI crude oil extended their rally, rising more than 2% to $95.7 per barrel amid a combination of severe domestic supply shortages in the US and a critical escalation in the Middle East. The main local trigger for the bulls was the latest weekly report from the Energy Information Administration (EIA), which recorded a sixth consecutive decline in US commercial crude inventories – this time by 7.97 million barrels. This drop not only doubled analysts’ consensus expectations of a 4‑million‑barrel decrease but also became the largest weekly outflow from US storage facilities since February of this year, revealing a significant physical supply shortfall in the market. At the same time, commodity traders priced a geopolitical risk premium into the barrel, completely ignoring another wave of verbal optimism from Washington. US President Donald Trump publicly stated that Iran had allegedly agreed to abandon its pursuit of nuclear weapons. However, the real situation in the region only worsened: overnight, direct clashes between US and Iranian forces were the fiercest since the ceasefire was announced, with Kuwaiti and Bahraini territories caught in the crossfire.

In Asia on Wednesday, Japan’s Nikkei 225 (JP225) rose by 2.50%, China’s FTSE China A50 closed up by 0.46%, Hong Kong’s Hang Seng (HK50) fell by 1.56%, and Australia’s ASX 200 (AU200) gained 0.70%.

The Australian dollar remained below the 0.715 USD mark. The national currency received local support from strong domestic data: Australia’s April trade balance returned to a surplus of 1.79 billion AUD after a March deficit of 1.02 billion, driven by a sharp surge in iron ore and coal exports while imports remained stable. At the same time, earlier this week, weak Q1 GDP data confirmed that the three rounds of monetary tightening by the Reserve Bank of Australia this year have already begun effectively cooling domestic consumer demand and restraining underlying price pressures.

S&P 500 (US500) 7,553.68 −56.10 (−0.74%)

Dow Jones (US30) 50,687.07 −620.72 (−1.21%)

DAX (DE40) 24,795.94 −328.23 (−1.31%)

FTSE 100 (UK100) 10,332.30 −41.21 (−0.40%)

USD Index 99.53 +0.31 (+0.31%)

News feed for: 2026.06.04

  • Australia Trade Balance (m/m) at 04:30 (GMT+3) – AUD (MED)
  • Australia RBA Gov Bullock Speaks at 08:00 (GMT+3) – AUD (LOW)
  • Sweden Inflation Rate (m/m) at 09:00 (GMT+3) – SEK (MED)
  • Switzerland Consumer Price Index (m/m) at 09:30 (GMT+3) – CHF (HIGH)
  • Switzerland Unemployment Rate (m/m) at 10:00 (GMT+3) – CHF (MED)
  • Eurozone Retail Sales (m/m) at 12:00 (GMT+3) – EUR (LOW)
  • US Initial Jobless Claims (w/w) at 15:30 (GMT+3) – USD (MED)
  • US Natural Gas Storage (w/w) at 17:30 (GMT+3) – XNG (HIGH)
  • UK BOE Gov Bailey Speaks at 18:40 (GMT+3) – GBP (LOW)

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Bitcoin drops below the psychological $70,000 level. The US stock indices hit new record highs

By JustMarkets 

The major US stock indices continued to rise. By the end of the session, the Dow Jones (US30) gained 0.45%, the S&P 500 (US500) increased 0.13%, and the tech‑heavy Nasdaq (US100) closed 0.48% higher. The leading US benchmarks once again renewed their all‑time highs, with the S&P 500 closing above the symbolic 7,600‑point mark for the first time in history, while the Dow Jones Industrial Average added more than 200 points. Powerful investor optimism surrounding the artificial intelligence and semiconductor infrastructure sectors completely overshadowed the persistent geopolitical uncertainty in the Middle East.

The true sensation of the day was Marvell Technology, whose shares surged 32%. The rally was triggered by a public statement from Nvidia CEO Jensen Huang, who suggested that Marvell has a real chance of becoming the next technology company to reach a $1 trillion market capitalization. Shares of Hewlett Packard Enterprise (HPE) jumped 19% after the company sharply raised its sales and profit expectations, citing exponential growth in demand for AI‑server infrastructure.

Bitcoin (BTC/USD) posted a notable decline, falling more than 2% and dropping below the psychological $70,000 threshold – its lowest level since April 8. The market was surprised by news that Strategy Inc., known for its long‑standing aggressive accumulation of digital gold, executed a symbolic sale of roughly $2.5 million worth of Bitcoin – its first sale since late 2022. Although the amount is relatively small, the very fact that the company deviated from its pure HODL strategy sparked serious concerns about the sustainability of corporate treasury demand for digital assets. Additional pressure came from the ongoing liquidity crunch in the regulated sector: US spot Bitcoin ETFs recorded 11 consecutive sessions of net outflows, losing a total of approximately $3.45-3.5 billion.

European indices also posted solid gains yesterday. Germany’s DAX (DE40) rose 0.48%, France’s CAC 40 (FR40) closed 0.77% higher, Spain’s IBEX 35 (ES35) gained 0.48%, and the UK’s FTSE 100 (UK100) ended the session 0.33% higher. The main driver of stabilization across European markets was fresh commentary from the White House. US President Donald Trump publicly confirmed that diplomatic channels with Tehran remain open and suggested that a temporary 60‑day agreement to unblock the Strait of Hormuz could be signed as early as next week. Optimism strengthened further after confirmation that a ceasefire between Israel and Hezbollah in Lebanon had come into effect.

However, the potential for a stronger rally was limited by internal EU macroeconomic factors. Preliminary Eurostat estimates showed a further acceleration of eurozone inflation in May, driven primarily by extreme volatility in oil and gas prices. The latest release confirmed persistent price pressures in the region and reinforced market expectations that Christine Lagarde will move forward with an ECB rate hike (the probability of an increase next week exceeds 90%).

WTI crude oil prices showed elevated volatility in the $92-95 per barrel range. The commodity market shifted into consolidation mode after a powerful rally the previous day, when prices jumped 5.5% following Iran’s threat to completely shut down the Strait of Hormuz in response to escalating tensions in Lebanon. The main source of uncertainty remains the unclear prospects of a temporary peace agreement between Washington and Tehran. President Trump maintains strong optimism, stating that diplomatic contacts are progressing and that a memorandum of understanding guaranteeing the reopening of the Strait could be signed as early as next week. Meanwhile, Iranian state media present a sharply different narrative, expressing deep skepticism about any progress and accusing Washington of aiding Israeli attacks.

In Asia on Monday, Japan’s Nikkei 225 (JP225) fell 0.30%, China’s FTSE China A50 closed 2.09% higher, Hong Kong’s Hang Seng (HK50) gained 2.52%, while Australia’s ASX 200 (AU200) slipped 0.06%.

The People’s Bank of China (PBoC) officially announced its decision to completely halt reverse‑repo operations, citing the current funding needs of primary dealers within standard open‑market procedures. This move marks a historic precedent, as the Chinese regulator refrained from injecting short‑term liquidity through this tool for the first time since August 2024. The effective zeroing of reverse‑repo volumes clearly indicates that monetary authorities consider liquidity levels in the national banking system fully sufficient, eliminating the need for additional emergency injections and confirming the stability of China’s domestic financial sector.

S&P 500 (US500) 7,609.78 +9.82% (+0.13%)

Dow Jones (US30) 51,307.79 +228.91 (+0.45%)

DAX (DE40) 25,124.17 +121.13 (+0.48%)

FTSE 100 (UK100) 10,373.51 +34.56 (+0.33%)

USD Index 99.20 -0.01 (-0.01%)

News feed for: 2026.06.03

  • Australia Services PMI (m/m) at 02:00 (GMT+3) – AUD (MED)
  • Japan Services PMI (m/m) at 03:30 (GMT+3) – JPY (MED)
  • Australia GDP (q/q) at 04:30 (GMT+3) – AUD (MED)
  • RatingDog China Services PMI (m/m) at 04:45 (GMT+3) – CHA50, HK50 (MED)
  • German Services PMI (m/m) at 10:55 (GMT+3) – EUR (LOW)
  • Eurozone Services PMI (m/m) at 11:00 (GMT+3) – EUR (MED)
  • UK Services PMI (m/m) at 11:30 (GMT+3) – GBP (LOW)
  • Japan BOJ Gov Ueda Speaks at 11:30 (GMT+3) – JPY (LOW)
  • Eurozone Producer Price Index (m/m) at 12:00 (GMT+3) – EUR (LOW)
  • US ADP Nonfarm Employment Change (m/m) at 15:15 (GMT+3) – USD (MED)
  • US ISM Services PMI (m/m) at 17:00 (GMT+3) – USD (MED)
  • US Crude Oil Reserves (w/w) at 17:30 (GMT+3) – WTI (HIGH)

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Oil prices surged again amid rumors of a freeze in diplomacy between the United States and Iran

By JustMarkets 

The main US stock indices started the summer with confident gains. By the end of the day, the Dow Jones (US30) rose by 0.26%. The S&P 500 (US500) increased by 0.09%. The Tech‑heavy NASDAQ (US100) closed higher by 0.60%. Powerful fuel for buying came from new geopolitical statements by the White House and a loud technological announcement in the artificial intelligence sector. The main locomotive of the market rally was the technology sector, where Nvidia produced a real sensation. Its shares jumped 6.3% after the official presentation of the new RTX Spark superchip, which marks the corporation’s aggressive entry into the mass personal computer market. Nvidia’s success instantly triggered a chain reaction across the entire IT complex.

On Monday, by the end of the day, Germany’s DAX (DE40) fell by 0.40%, France’s CAC 40 (FR40) closed down by 0.45%, Spain’s IBEX 35 (ES35) declined by 0.97%, and the UK’s FTSE 100 (UK100) ended the session lower by 0.68%. The main trigger for the market reversal into the red zone was alarming reports from the Middle East that the Iranian delegation had unilaterally halted indirect negotiations with the United States. Tehran responded with this demarche to Israel’s large‑scale expansion of its military operation in Lebanon. The situation worsened after official statements from Iran, in which it not only threatened a total military blockade of the strategically important Strait of Hormuz but also promised to extend its countermeasures to the Bab el‑Mandeb Strait near the Horn of Africa in response to alleged violations of the ceasefire.

Oil prices ended the first trading day of June with a powerful rally: US WTI crude jumped by 6%, settling above $92 per barrel. During the session, the market nearly entered panic mode when WTI quotes spiked more than 8% intraday. The catalyst for the price shock was publications in Iranian state media claiming that Tehran was fully freezing any contacts with Washington in response to new military strikes in Lebanon and was beginning preparations for a total shutdown of the Strait of Hormuz. The risk of an immediate loss of one‑fifth of global hydrocarbon supplies pushed geopolitical risk premiums to the maximum. The unprecedented intraday overheating of prices was cooled only by US President Donald Trump personally. In his special statement, he said that Israel and Hezbollah had reached an agreement on a mutual ceasefire in Lebanon, and that diplomatic dialogue with Iran, contrary to rumors, was continuing.

The US natural gas prices showed a notable correction, dropping more than 3% and falling below $3.2 per MMBtu (million British thermal units). Thus, “blue fuel” retreated from the local high of $3.29 reached in the previous session amid profit‑taking and traders reassessing the supply‑demand balance. Despite the daily decline, May turned out to be extremely successful for the US gas market: by the end of the month, prices surged 18.9%, fully offsetting April’s 4.1% drop.
In Asia on Monday, Japan’s Nikkei 225 (JP225) rose by 0.91%, China’s FTSE China A50 closed lower by 1.06%, Hong Kong’s Hang Seng (HK50) gained 0.86%, and Australia’s ASX 200 (AU200) fell by 0.03%.

The offshore yuan showed confident strengthening, reaching around 6.76 yuan per dollar. The Chinese currency approached its highest levels since February 2023. Against the backdrop of a sharp escalation of the geopolitical crisis around Iran, international investors increasingly began redirecting capital into Chinese assets, viewing them as a relatively safe haven. China’s leadership traditionally strives for strict exchange‑rate stability to prevent excessive appreciation of national exports amid a stagnating industrial PMI. This defensive stance of the monetary authorities is clearly reflected in the regulator’s actions: the People’s Bank of China continues to set daily reference fixings at levels noticeably weaker than market expectations.

S&P 500 (US500) 7,599.96 +0.26% (+19.90)

Dow Jones (US30) 51,078.88 +46.42 (+0.09%)

DAX (DE40) 25,003.04 -101.66 (-0.40%)

FTSE 100 (UK100) 10,338.95 -70.33 (-0.68%)

USD Index 99.18 +0.27 (+0.27%)

News feed for: 2026.06.02

  • Switzerland Trade Balance (m/m) at 09:00 (GMT+3) – CHF (LOW)
  • Eurozone Consumer Price Index (m/m) at 12:00 (GMT+3) – EUR (MED)
  • UK BOE Gov Bailey Speaks at 17:00 (GMT+3) – GBP (LOW)
  • US JOLTs Job Openings (m/m) at 17:00 (GMT+3) – USD (MED)

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

The US stock indices once again finished the trading session at new all‑time highs

By JustMarkets 

By the end of the day, the Dow Jones Index (US30) rose by 0.72% (up +1.49% for the week). The S&P 500 Index (US500) gained 0.37% (up +1.80% for the week). The Technology‑heavy NASDAQ Index (US100) closed higher by 0.20% (up +2.58% for the week).

On Friday, May 29, 2026, US stock indices ended the session at new historical highs, recording phenomenal results for the entire month. The main triumph of May was the Technology‑focused NASDAQ, which jumped more than 8% over the month. The broad‑market S&P 500 added 5% in May, while the industrial Dow Jones rose 3%. A powerful long‑term driver for the equity market was another wave of AI euphoria, supported by strong corporate news. Shares of IT giant Dell posted an incredible surge of +33% as the company sharply raised its profit and revenue expectations thanks to an avalanche‑like increase in demand for its artificial‑intelligence server equipment.

In turn, Oracle (+10%) and Microsoft (+5%) received a strong investment boost amid news of a new funding round for the startup Anthropic, confirming the continued resilience of the AI trend. At the same time, the stock market was supported by a local improvement in the geopolitical backdrop. Reports that the US and Iran had agreed on a 60‑day memorandum to extend the ceasefire and unblock the Strait of Hormuz (although the document is still awaiting Donald Trump’s signature) led to a decline in energy prices and US Treasury yields.

The Canadian dollar (CAD) weakened significantly, falling below 1.378 per US dollar. The main reason for the sell‑off in the “loonie” was weak macroeconomic data, which effectively forced investors to price in an exclusively “dovish” scenario for the Bank of Canada’s next steps. The biggest disappointment for the market was the GDP report: in the first quarter of 2026, the Canadian economy unexpectedly contracted in annual terms. Since this marks the second consecutive quarterly decline, analysts openly began speaking about a technical recession and a deep domestic slowdown. Against this backdrop, market participants have virtually no doubt that at the upcoming meeting on June 10, the Bank of Canada will prefer to pause and leave interest rates unchanged.

On Friday, Germany’s DAX (DE40) rose by 0.05% (up +0.87% for the week), France’s CAC 40 (FR40) closed down by 0.07% (up +0.83% for the week), Spain’s IBEX 35 (ES35) gained 0.46% (up +2.10% for the week), and the UK’s FTSE 100 (UK100) ended the session lower by 0.16% (down -0.33% for the week). The external backdrop for European assets remains mixed. On the one hand, markets were supported by reports from the White House that the US and Iran had agreed on a 60‑day memorandum to extend the ceasefire and launch official negotiations, which is now awaiting Donald Trump’s approval. On the other hand, the balance of risks worsened due to a new escalation in Eastern Europe, where, during a nighttime attack on Friday on Ukrainian border infrastructure, a Russian drone struck a building in the Romanian city of Galați, triggering a sharp reaction from the NATO member state.

WTI crude oil prices fell by 1.1%, dropping below $88 per barrel – the lowest level in the past six weeks. This decline capped an extremely unsuccessful month for the commodity market: in May alone, WTI prices plunged by 16%. Investors are actively pricing in a preliminary agreement between the US and Iran on a 60‑day extension of the ceasefire and the restoration of commercial shipping, despite the fact that Donald Trump has not yet signed the document, and official Tehran states that the deal is not finalized. Analysts urge the market not to get carried away and warn that the actual return of supply to the global market will be a complex and uneven process.

In Asia on Friday, Japan’s Nikkei 225 (JP225) rose by 2.53% (up +1.80% for the week), China’s FTSE China A50 closed higher by 0.31% (up +2.51% for the week), Hong Kong’s Hang Seng (HK50) gained 0.70% (down -1.79% for the week), and Australia’s ASX 200 (AU200) increased by 1.62% (up +0.87% for the week).

China’s Manufacturing PMI indicated stagnation in the industrial sector, falling to the critical level of exactly 50.0 points. The main restraining factors remain weak domestic demand and persistently high costs for raw materials and components. The internal sub‑indices point to cooling across all key areas, as production growth slowed to a three‑month low of 51.2 points, while the volume of new domestic orders returned to contraction territory at 49.9 points.
The New Zealand dollar (NZD) saw a slight correction, slipping to around 0.596 USD, but the “kiwi” continues to hold near its three‑month highs. The fundamental position of New Zealand’s currency remains strong thanks to a sharp rise in aggressive market expectations for monetary tightening. The main driver behind the continuation of the long‑term upward trend was Friday’s remarks by Reserve Bank of New Zealand Governor Anna Breman. She openly warned investors that to combat entrenched inflation, the regulator will likely have to raise the Official Cash Rate significantly faster and more aggressively than previously projected. The probability of a rate hike at the next meeting in July has surged to 80%.

S&P 500 (US500) 7,580.06 +16.43 (+0.22%)

Dow Jones (US30) 51,032.46 +363.46 (+0.72%)

DAX (DE40) 25,104.70 +12.50 (+0.05%)

FTSE 100 (UK100) 10,409.28 -16.72 (-0.16%)

USD Index 98.94 -0.08 (-0.08%)

News feed for: 2026.06.01

  • Australia Manufacturing PMI (m/m) at 02:00 (GMT+3) – AUD (MED)
  • Japan Manufacturing PMI (m/m) at 03:30 (GMT+3) – JPY (MED)
  • RatingDog Manufacturing PMI (m/m) at 04:45 (GMT+3) – CHA50, HK50 (MED)
  • German Retail Sales (m/m) at 09:00 (GMT+3) – EUR (LOW)
  • Switzerland Retail Sales (m/m) at 09:30 (GMT+3) – CHF (LOW)
  • Switzerland GDP (q/q) at 10:00 (GMT+3) – CHF (MED)
  • Switzerland Manufacturing PMI (m/m) at 10:30 (GMT+3) – CHF (MED)
  • German Manufacturing PMI (m/m) at 10:55 (GMT+3) – EUR (MED)
  • Eurozone Manufacturing PMI (m/m) at 11:00 (GMT+3) – EUR (MED)
  • UK Manufacturing PMI (m/m) at 11:30 (GMT+3) – GBP (MED)
  • Eurozone Unemployment Rate (m/m) at 12:00 (GMT+3) – EUR (MED)
  • Canada Manufacturing PMI (m/m) at 16:30 (GMT+3) – CAD (MED)
  • US ISM Manufacturing PMI (m/m) at 17:00 (GMT+3) – USD (MED)

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

It’s not just high gas prices – inflation is now spreading through the US economy

By D. Brian Blank, Mississippi State University and Brandy Hadley, Appalachian State University 

Americans don’t need a press release to know that inflation is rising. Gasoline is above $4 per gallon amid the ongoing conflict in the Middle East and closure of the Strait of Hormuz, and the release of key price data on May 28, 2026, underscores why policymakers are worried these pressures could spread into the broader economy.

The report offered a mixed but still uncomfortable picture. The month-to-month rise was softer than expected, but the change year over year still points to concern: a 3.8% jump from a year earlier, the fastest pace since 2021, and a less volatile index that excludes food and energy up 3.3%.

This increase suggests inflation isn’t limited to gasoline. Housing, utilities and recreational spending are also keeping underlying inflation elevated, even as other data shows a slowing economy and weaker income growth.

As finance and applied investments professors who study how businesses make decisions amid uncertainty, we have been watching this tension build. In our 2026 economic outlook, we warned that recession fears could persist alongside rising prices. Fresh inflation data now suggests the challenge may be deeper and longer lasting than many expected.

Are all prices rising?

The fresh inflation data comes from the Personal Consumption Expenditures Price Index, or headline PCE, which is maintained and released by the Commerce Department’s Bureau of Economic Analysis. Headline PCE had already been getting hotter, rising to 3.5% year on year in March 2026, up from 2.8% in February. But an even more important metric for the Federal Reserve is core PCE, which excludes the more volatile categories of food and energy. Core PCE matters because it gives policymakers a clearer read on underlying inflation pressures and is generally considered a better predictor of where inflation is headed, the Fed’s chief concern. That has been rising this year as well.

The key question isn’t simply whether gas prices are rising, but whether those higher energy costs are spreading into the rest of the economy.

That’s why energy costs are both a measure of current inflation and a signal of future rising prices. They show up directly in inflation data like PCE but also affect shipping, airline fares, food production, utilities, packaging, business profit margins and consumer psychology. A one-time bump doesn’t necessarily create lasting inflation. But the risk increases when those higher costs pass through to the broader economy and people begin to expect inflation to remain high. For example, if workers believe costs will be higher in general, they might demand higher wages, which in turn can make inflation even hotter.

There’s already some evidence that the inflationary effect of energy prices is spreading. April’s Consumer Price Index report – another inflation gauge – showed a 3.8% leap, the fastest in three years, with energy prices up 18% and spending on airlines up over 20%, while grocery prices posted their largest monthly gain since 2022. Tariff-sensitive categories like apparel and household furnishings are also still climbing.

And it’s these costs, not core PCE, that households experience every day. Americans buy gas, pay utility bills, purchase groceries and start changing their spending behavior in response to these pressures. That’s why the Fed is watching to see how energy prices impact other measures of inflation.

What’s the Fed to do?

Kevin Warsh has just been sworn in as the new chair of the central bank, which means the next meeting of the Fed’s policymaking committee on June 16-17, 2026, will be his first in that role. He’ll face an unusual amount of disagreement among committee members as well as scrutiny over his own positions given his rhetorical shifts on inflation and Fed policy since he was nominated by President Donald Trump. The president has pressured the Fed to cut rates, while Warsh has recently downplayed the significance and accuracy of the PCE gauge.

The Fed’s tool for responding to inflation is to raise interest rates, but it’s not always straightforward. The Fed doesn’t just hike interest rates as a direct response to inflation. If the increase in energy prices looks temporary and inflation expectations remain “anchored” – that is, stable among consumers – the Fed may hold steady on rates or even cut them as consumers continue to dial back spending. But it may have to keep rates higher for longer or even consider additional tightening if those conditions don’t hold and inflation continues rising.

This creates a problem for the Fed’s “dual mandate” to control inflation while supporting economic growth. Higher gas prices are inflationary, but they also reduce households’ spending power and dampen growth. In that sense, higher energy prices can act like a tax on consumers: People spend more to drive, heat and cool their homes, and receive goods, leaving less income for restaurants, travel, retail and other purchases.

That’s why the Fed doesn’t have a simple answer. If it hikes interest rates to combat inflation, it still won’t resolve geopolitical conflict and increase global oil supplies. But it can reduce demand and slow inflation.

Indeed, according to notes of the most recent Fed policy committee meeting in April, many officials are increasingly concerned that persistent inflation could require additional rate hikes. While the Fed decided to hold rates steady at 3.50% to 3.75% at the time, committee members noted that inflation remains elevated, “in part reflecting the recent increase in global energy prices.”

Another factor: Long-term yields on Treasury bonds, which reflect what investors demand for buying U.S. debt, have reached their highest levels since 2007. That could be a sign that markets expect higher rates or more uncertainty – and it matters because yields influence mortgage rates, business borrowing costs and the value of retirement portfolios, to name a few examples. In other words, inflation concerns don’t have to wait for another Fed rate hike to affect the economy. If markets believe inflation will stay elevated, borrowing costs can rise on their own.

What to watch at the Fed’s June meeting

The leadership transition at the Fed makes this moment particularly noteworthy. Warsh’s first major challenge may not be whether to raise or cut rates immediately, but how to explain what the Fed is watching. Will he emphasize headline inflation, core inflation, other inflation measures, consumer expectations, financial conditions or signs of slowing demand? This is especially important, as some of these gauges are closer to 2% and rising more slowly while others rise more rapidly away from the Fed’s 2% target.

Artificial intelligence adds another complication. AI-related investment may be helping hold up growth even as households feel pressured by higher gas and grocery prices. That creates a divided economy: Consumers struggle with higher prices and borrowing costs, but AI-related investment supports markets, infrastructure spending and business optimism. For his part, Warsh argues that AI also will help drive down prices, allowing the Fed to cut rates sooner.

All of this makes the inflation outlook hard to read. Weakening consumer demand and wage growth argues for caution, while rising inflation expectations and businesses passing on higher costs to consumers and the broader economy argue for higher rates.

Ultimately, the key question for the Fed is not simply whether inflation is rising, but whether energy prices are reopening the inflation fight at the exact moment it’s trying to prove that price stability is still within reach. Warsh’s first months as chair will test whether the Fed can maintain inflation credibility while avoiding unnecessary damage to an already pressured consumer economy.The Conversation

About the Author:

D. Brian Blank, Associate Professor of Finance, Mississippi State University and Brandy Hadley, Associate Professor of Finance and Distinguished Scholar of Applied Investments, Appalachian State University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

Scientists used a method from ecology to identify whether icy moons could hold conditions for life

By Gideon Yoffe, Weizmann Institute of Science 

New observatories and spacecraft missions are probing environments in our solar system that could potentially host life but have long remained hidden. Icy moons like Saturn’s Enceladus and Jupiter’s Europa likely contain oceans beneath frozen outer shells. But a layer of ice prohibits space probes from sampling them directly.

Exploring these icy moons is almost forensic: Their surfaces keep a partial record of inaccessible interiors. Scientists need tools that can help them figure out whether evidence of life lies beneath without observing it directly.

I’m a planetary scientist, and my colleagues and I have developed a tool that could help evaluate whether an environment has the right conditions for life, based on patterns in the types of molecules found in a sample.

Future missions may sample environments that could host life, such as Saturn’s moon Enceladus.
Jason Major, Cassini spacecraft/Flickr, CC BY-NC-SA

Looking for life’s fingerprints

The search for life often begins with organic molecules: the carbon-based molecules from which life on Earth is built. Two especially important families of molecules are amino acids, which cells use to build proteins, and fatty acids, which help form cell membranes.

Yet these molecules are not unique to life – they can also form through nonbiological chemistry. Scientists have previously detected them in asteroids and meteorites.

Because detecting amino acids or fatty acids in a planetary environment alone will not tell researchers whether they are produced by life or by nonlife, they must seek additional evidence.

One clue is molecular handedness, or “chirality.” Certain amino acids occur in two mirror-image forms. Nonbiological processes often produce both forms in similar amounts, whereas life on Earth uses almost exclusively the left-handed forms. A strong excess of one form can point toward biology.

Another clue is found in the balance between the heavier and lighter forms of the same element within molecules. Usually, life prefers to use the lighter form.

Both of these clues are powerful indicators but difficult to measure in space. They require sensitive instruments, clean samples and often more material than a spacecraft can obtain.

That said, current and planned missions may provide a more limited – but still valuable – kind of measurement: a list of molecules and the proportions in which they are found. Our study demonstrates how researchers can use this simpler information to learn more about the molecules’ chemical origin.

Investigating diversity

Life does not merely produce certain molecules – it produces them in arrangements of unique patterns. Living systems invest energy into making molecules that serve specific functions, even when those molecules are complex and harder to form. Proteins, for example, require a broad set of amino acids, including relatively complex ones. Nonbiological chemistry can also make amino acids, but typically it makes simpler ones.

A chemical diagram showing the general structure of an amino acid.
Your body requires many different amino acids to live. But nonliving chemical processes can also produce amino acids, so their presence in a sample doesn’t definitively prove life.

In our study, we investigated whether these molecules leave a statistical pattern that could serve as a biosignature: a measurable clue that may point toward life.

To quantify this idea, we used a method from ecology called diversity theory. Ecologists do not only ask how many species exist in a particular ecosystem, but also how those species are distributed: whether the community is dominated by a few very common species or by many species occurring in comparable numbers. The point of diversity theory is to both compile a list of species and capture the prevalence of each.

We applied the same logic to molecules. Within a family, such as amino acids, we treated each molecule like a species in an ecological community and measured its abundance. We wanted to know: Is a given mixture of molecules distributed evenly across different types or dominated by only a few of them? And could that pattern reflect the process that produced those molecules, whether biological or nonbiological?

Testing the framework

To test this idea, we compiled a deliberately broad dataset that included amino acids from a variety of sources: meteorites, samples from asteroid missions, laboratory simulations of nonbiological chemistry, modern organisms, sediments, ancient fossils and samples from various environments on Earth. We later did the same with fatty acids.

For amino acids, we found a clear distinction. The biological samples tended to contain many complex amino acids, in proportions similar to those of simpler ones. Nonbiological samples were usually sparser – that is, more strongly dominated by simple molecules.

This result makes sense. If biology can overcome the chemical bottlenecks necessary to create more complex molecules, you’d expect to see more of those molecules. On the other hand, nonbiological chemistry is more limited and dominated by molecules that form randomly. Complex molecules are far less likely to form under nonbiological conditions.

Fatty acids showed an opposite but equally informative pattern. Chains of fatty acids make up the outer membranes of living cells. We found that in biological samples, the fatty acid chains were all a similar length. In contrast, nonbiological samples had a wider distribution of chain lengths.

A chemical structure diagram of a fatty acid
Fatty acids are chains of molecules made up of carbon and hydrogen, with oxygen at the end.
Innerstream/Wikimedia Commons

Even though, unlike the amino acid results, the nonbiological samples showed greater fatty acid diversity, this chain length finding supported the main idea behind our research: Life shapes molecular mixtures according to function.

Taken together, our results suggest that molecular diversity can serve as a new kind of biosignature. It cannot prove the presence of life on its own, and it should be interpreted alongside other measurements. But it offers a practical way to use the kind of data spacecraft are most likely to obtain: the proportions of molecules.

Searching for life in the solar system and beyond

Future spacecraft are unlikely to find pristine biological material, even if it exists. More likely, they will encounter the chemical traces of molecules, altered by the harsh conditions on planetary surfaces.

Next, we wanted to know how long the diversity signal could survive in the type of harsh environment where scientists may look, such as the surface of Europa. Its surface is continually being bombarded by energetic particles trapped in Jupiter’s magnetic field, which can break different organic molecules apart at different rates.

An illustration of a spacecraft flying over an ice-covered moon.
NASA’s Europa Clipper mission will fly around the moon of Jupiter and take measurements to investigate whether it could harbor life.
NASA/JPL-Caltech

We modeled how these molecules would degrade under such conditions and found that the diversity signal could remain recognizable for thousands of years when the molecules are buried under a few centimeters of ice. The signal is not indestructible, but it does not require an exceptionally fresh sample.

Our results suggest that in some cases the pattern left by life may still be recognizable even after the individual molecules have begun to break down.

The take-home message from our study is that life organizes chemistry in ways that could persist even after those ingredients are altered. Living systems arrange molecules according to biological needs, while nonbiological chemistry usually follows what is easiest to produce. If this organization can survive in planetary materials, future spacecraft may search not only for the building blocks of life but for the deeper statistical pattern that life leaves behind.The Conversation

About the Author:

Gideon Yoffe, Postdoctoral Fellow in Planetary Science, Weizmann Institute of Science

This article is republished from The Conversation under a Creative Commons license. Read the original article.

The US and Iran have reached an agreement to extend the ceasefire and gradually unblock the Strait of Hormuz

By JustMarkets 

On Thursday, US stock indices closed at new all‑time highs. By the end of the day, the Dow Jones (US30) rose by 0.05%. The S&P 500 (US500) gained 0.58%. The Tech‑heavy NASDAQ (US100) closed higher by 0.91%. The main drivers of the rally were the breakthrough developments in the Middle East: negotiators from the US and Iran finally reached an agreement to extend the ceasefire and gradually unblock oil and LNG shipments from the Persian Gulf, which ultimately deflated speculative pressure in the commodity market and stabilized government bond yields.

In Europe, by the end of the day, Germany’s DAX (DE40) fell by 0.34%, France’s CAC 40 (FR40) closed up 0.21%, Spain’s IBEX 35 (ES35) closed lower 0.19%, and the UK’s FTSE 100 (UK100) ended in the red at 0.64%. The published minutes of the ECB’s April meeting confirmed a deep split within the regulator and strengthened the market’s “hawkish” expectations. It turned out that keeping rates unchanged in April was a compromise and “highly contentious” decision: some officials were ready to vote for immediate tightening. The minutes also show that even the two rounds of monetary tightening planned for this year may not return inflation to the 2% target. Against this backdrop, markets have become more confident that on June 11, the ECB will almost certainly raise key rates by 25 basis points, and are pricing in at least one more similar move before year‑end.

WTI crude oil prices showed high volatility, fluctuating around $89 per barrel. Early in the session, prices jumped by about 2% due to another escalation: the US destroyed several attack drones near the Strait of Hormuz, Kuwait intercepted a missile fired in its direction, and Iran’s Revolutionary Guard threatened a harsh response to attempts by foreign vessels to enter the Persian Gulf. However, prices later erased all gains after an Axios report that the US and Iran had agreed on a preliminary 60‑day memorandum. The document, which still needs approval from President Donald Trump, guarantees unimpeded navigation and obliges Iran to fully clear mines from the Strait of Hormuz within 30 days, sharply reducing the geopolitical risk premium.

The US natural gas prices (XNG) jumped more than 4%, holding above $3.2 per MMBtu and approaching February highs. A powerful trigger for buyers was fresh EIA data. For the week ending May 22, US utilities injected 92 billion cubic feet of gas into storage, noticeably below the expected 95-96 bcf and far below last year’s 104 bcf. As a result, total inventories reached 2.483 trillion cubic feet. Although this level still exceeds last year’s by 0.9% and the five‑year seasonal average by 6.2%, the market surplus continues to shrink.

In Asia on Tuesday, Japan’s Nikkei 225 (JP225) rose by 0.88%, China’s FTSE China A50 closed higher by 0.42%, Hong Kong’s Hang Seng (HK50) declined by 0.73%, while Australia’s ASX 200 (AU200) rose by 0.11%.

The offshore yuan stabilized around 6.76 per dollar, holding near its strongest levels since February 2023. The main support factor for China’s currency was the news of a diplomatic breakthrough in the Middle East. An additional powerful driver for the yuan is the global artificial intelligence boom, which has sharply increased demand for Chinese tech exports. This inflow of foreign currency has significantly eased Beijing’s concerns about excessive yuan appreciation, allowing it to finish May with a second consecutive month of gains despite regular attempts by the People’s Bank of China to restrain the momentum through lower‑than‑expected daily fixings.

The Australian dollar stabilized around 0.71 USD, ending May with a moderate decline of about 0.5%. The main pressure on the “aussie” came from a sharp drop in investor expectations for further monetary tightening by the Reserve Bank of Australia. April inflation came in below predictions, consumer spending weakened, and the labor market showed the first signs of stabilization. As a result, traders reduced the probability of a rate hike at the June meeting to just 5%, although they still estimate the chances of a final move to 4.6% in Q4 2026 at around 70%.

The Governor of the Reserve Bank of New Zealand, Anna Breman, reaffirmed the regulator’s “hawkish” stance in her speech, stating that the Official Cash Rate (OCR) may rise faster and more aggressively than previously expected. Breman emphasized that due to the escalation of the Middle East conflict, New Zealand and its key trading partners face a classic stagflation scenario: slowing economic growth alongside a short‑term spike in inflation caused by supply chain disruptions and rising production costs.

S&P 500 (US500) 7,563.63 +43.27 (+0.58%)

Dow Jones (US30) 50,668.97 +24.69 (+0.05%)

DAX (DE40) 25,092.25 −85.55 (−0.34%)

FTSE 100 (UK100) 10,425.96 −79.05 (−0.75%)

USD Index 99.02 −0.18 (−0.18%)

News feed for: 2026.05.29

  • Japan Tokyo Core CPI (m/m) at 02:30 (GMT+3) – JPY (HIGH)
  • Japan Unemployment Rate (m/m) at 02:30 (GMT+3) – JPY (MED)
  • Japan Retail Sales (m/m) at 02:50 (GMT+3) – JPY (HIGH)
  • Japan Industrial Production (m/m) at 02:50 (GMT+3) – JPY (MED)
  • UK BoE Gov Bailey Speaks at 11:20 (GMT+3) – GBP (MED)
  • German Inflation Rate (m/m) at 15:00 (GMT+3) – EUR (MED)
  • Canada GDP (m/m) at 15:30 (GMT+3) – CAD (MED)
  • US Chicago PMI (m/m) at 16:45 (GMT+3) – USD (MED)

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Volatility in EUR/USD Eases, but Market Risks Remain

By Analytical Department RoboForex

EUR/USD ended Friday at 1.1640 following significant volatility during the previous session. Pressure on the US dollar emerged after reports suggested that the US and Iran had reached preliminary agreements aimed at resolving the conflict. This helped ease market concerns over inflation and the need for further interest rate hikes.

According to media reports, Washington and Tehran are discussing a 60-day extension of the ceasefire alongside negotiations regarding Iran’s nuclear programme. The possibility of fully restoring shipping through the Strait of Hormuz is also reportedly under consideration.

However, a final agreement has yet to be approved. Reports indicate that Donald Trump has not formally endorsed the proposed terms of the deal.

Additional pressure on the dollar came from US PCE inflation data, which showed weaker price pressures than investors had anticipated. This reduced concerns about the impact of the energy crisis on inflation.

Despite this, markets still expect the Federal Reserve to keep interest rates at current levels for an extended period, at least over the coming quarters.

Technical Analysis

On the H4 EUR/USD chart, the pair is trading within a consolidation range around 1.1616, currently extending down to 1.1585. A move higher towards 1.1666 is likely, ** as a retest from below, followed by a decline towards 1.1555. The MACD indicator supports this scenario, with the signal line above zero and pointing firmly upwards, indicating continued bullish momentum.

On the H1 chart, EUR/USD has reached 1.1660 and is now pulling back towards 1.1626. A further rise towards 1.1666 may follow, before a possible decline towards 1.1555. The Stochastic oscillator confirms this scenario, with the signal line above 20 and pointing upwards towards 80.

Conclusion

EUR/USD stabilised after heightened volatility as easing geopolitical tensions and softer US inflation data weakened the dollar. Nevertheless, uncertainty surrounding US–Iran negotiations and expectations of prolonged high US interest rates continue to pose risks to the pair.

 

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

Bitcoin fell below $74,000. The Canadian dollar dropped to a six‑week low

By JustMarkets 

On Wednesday, the US stock market showed restrained dynamics. By the end of the day, the Dow Jones Index (US30) rose by 0.36%. The S&P 500 Index (US500) increased by 0.02%. The Technology‑heavy NASDAQ Index (US100) closed lower by 0.09%. Performance in the technology sector was mixed. Semiconductor manufacturers maintained upward momentum – Micron shares gained another 2% following yesterday’s 19% rally triggered by UBS analysts tripling the company’s target price. At the same time, major software and cloud solution developers came under moderate selling pressure: Microsoft, Amazon, and Alphabet fell by more than 1%.

Bitcoin fell below $74,000, hitting a five‑week low amid a clear cooling of institutional demand. The main bearish factor was the reversal in the US spot Bitcoin ETF sector: after two months of steady inflows, net outflows from the funds exceeded $1 billion in May. Declining speculative interest and overall trader passivity also pushed BTC implied volatility to a nine‑month low, sharply reducing demand for put options used to hedge against market declines.

The Canadian dollar (“loonie”) weakened to below 1.382 per US dollar, marking a six‑week low. The decline of the national currency was triggered by a combination of weak domestic macroeconomic data and a strong contrast in monetary policy rhetoric between Canada and the United States. The Bank of Canada’s (BoC) preferred core inflation indicators fell more than analysts expected, reaching their lowest levels in the past five years. This confirms the Canadian regulator’s view that inflationary pressure outside the energy sector is fading, while the current spike in fuel prices is temporary. According to preliminary estimates, Canada’s GDP growth for the first quarter of 2026 will be at zero, indicating serious risks to economic growth and effectively removing incentives for the Bank of Canada to continue raising interest rates.

European stock indices closed in the green, showing a moderate recovery after large‑scale sell‑offs the day before. By the end of the day, Germany’s DAX (DE40) fell by 0.03%, France’s CAC 40 (FR40) closed up 0.43%, Spain’s IBEX 35 (ES35) rose by 0.49%, and the UK’s FTSE 100 (UK100) closed in the green at 0.13%. A positive driver for Eurozone equities and sovereign bonds was a noticeable decline in energy prices. The cyclical luxury and high‑end consumer goods sector delivered a strong session. Amid hopes for slowing inflation, shares of LVMH, Hermes, Adidas, and L’Oreal surged between 2.5% and 5.5%. The banking sector also closed higher, led by Santander and Intesa Sanpaolo (+1.5%).

Prices for US WTI crude oil plunged more than 4%, falling below the psychological level of $90 per barrel. Quotes approached a five‑week low amid a sharp surge of optimism around a potential peace agreement between Washington and Tehran. State television of the Islamic Republic reported the preparation of an unofficial draft interim agreement intended to end the three‑month war and fully unblock the Strait of Hormuz (which accounts for about 20% of global oil and LNG shipments). Later, Iranian officials confirmed that indirect contacts with Washington were ongoing. The White House quickly denied Tehran’s statements, calling the news of a completed draft “pure fiction,” while Secretary of State Marco Rubio again warned that several more days may pass before a final deal is reached.

In Asia on Tuesday, Japan’s Nikkei 225 (JP225) fell by 0.01%, China’s FTSE China A50 closed lower by 0.44%, Hong Kong’s Hang Seng (HK50) declined by 1.06%, and Australia’s ASX 200 (AU200) rose by 0.69%.

The Australian dollar (AUD) fell to a six‑week low near 0.71 USD amid a sharp 1.1% drop in household spending in April. Consumers, discouraged by expensive fuel and geopolitical instability, began cutting back heavily on food, clothing, and travel, signaling effective demand cooling under the Reserve Bank of Australia’s tight policy.

S&P 500 (US500) 7,520.36 +1.24 (+0.02%)

Dow Jones (US30) 50,644.28 +182.60 (+0.36%)

DAX (DE40) 25,177.80 −7.09 (−0.03%)

FTSE 100 (UK100) 10,505.01 +13.62 (+0.13%)

USD Index 99.21 +0.05 (+0.05%)

News feed for: 2026.05.28

  • New Zealand Annual Budget Release (m/m) at 05:00 (GMT+3) – NZD (MED)
  • Eurozone ECB President Lagarde Speaks at 10:20 (GMT+3) – EUR (LOW)
  • Switzerland SNB Chairman Schlegel Speaks at 14:00 (GMT+3) – CHF (LOW)
  • Eurozone ECB Monetary Policy Meeting Accounts at 14:30 (GMT+3) – EUR (LOW)
  • US Core PCE Index (m/m) at 15:30 (GMT+3) – USD (HIGH)
  • US Durable Goods Orders (m/m) at 15:30 (GMT+3) – USD (MED)
  • US Initial Jobless Claims (w/w) at 15:30 (GMT+3) – USD (MED)
  • US New Home Sales (m/m) at 17:00 (GMT+3) – USD (MED)
  • Canada BoC Financial Stability Report at 17:00 (GMT+3) – CAD (LOW)
  • US Natural Gas Storage (w/w) at 17:30 (GMT+3) – XNG (HIGH)
  • US Crude Oil Reserves (w/w) at 18:00 (GMT+3) – WTI (HIGH)

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.