News

Norwegian Finance Minister: Norway's oil and gas production will naturally decline.

Bank of England Governor Bailey: We cannot wait for conclusive evidence of a second-round effect (before taking action).

Norwegian Finance Minister: Compromises are needed to strengthen defense.

The S&P 500 turned positive.

Bank of England Governor Bailey: There are questions surrounding the two growth drivers, trade and technology.

Dutch Finance Minister: We have told the EU not to relax budget rules.

The Nasdaq 100 turned positive, with Marvell Technology (MRVL.O) up 22%, Broadcom (AVGO.O) up 5.3% and Nvidia (NVDA.O) up 3.1%.

Nvidia (NVDA.O) rose 2.6%, with its total market value back above $5.5 trillion.

Bank of England Governor Bailey will appear before the House of Lords in ten minutes; the US JOLTs job vacancies for April will be announced in ten minutes.

According to Sky News, the SpaceX stake sold through intermediary platforms such as Hargreaves Lansdown could be worth as much as $2 billion.

Japanese Finance Minister Katayama Satsuki: The Japanese government and some financial institutions will gain access to the Anthropic Mythos model.

Ned Davis Research raised its target for the S&P 500 Index by the end of 2026 to 7,950 points.

According to the British Financial Times: People familiar with the matter said that the refined oil pipeline that bypasses the Strait of Hormuz will become the next key project of Abu Dhabi National Oil Company. The pipeline will be similar to other product pipelines such as the Colonial Pipeline in the United States and can switch between different types of refined products.

According to the Financial Times: Abu Dhabi National Oil Company plans to build an oil products pipeline that bypasses the Strait of Hormuz.

The Dow turned positive and was up 0.25%.

Alphabet (GOOG.O) opened down 3.6%, its largest decline since March 26.

Alphabet (GOOG.O) opened down 3.6%, its biggest drop since March 26.

The Nasdaq China Golden Dragon Index rose 2%, Li Auto (LI.O) rose more than 6%, Alibaba (BABA.N) rose 5%, and Xpeng Motors (XPEV.N) and JD.com (JD.O) rose more than 4%.

The Dow Jones Index opened down 96.15 points, or 0.19%, at 50982.73 points on June 2 (Tuesday);The S&P 500 Index opened down 13.2 points on June 2 (Tuesday) 4 points, or 0.17%, to 7586.72 points;The Nasdaq Composite Index opened down 69.78 points, or 0.26%, to 27017.03 points on June 2 (Tuesday).

Canada sent a formal letter to Mexico and the United States to initiate a review of the U.S.-Mexico-Canada Agreement, stating that discussions with the United States on resolving industry tariffs will be crucial.