Markets

3 June 2026
Eurozone Composite PMI Beats Forecast but Stays in Contraction, Supporting Cautious ECB Rate Outlook

Eurozone composite PMI beat forecasts at 48.5, easing recession fears, supporting euro and equities, complicating ECB cuts.

3 June 2026
Eurozone Services PMI Beats Forecast but Stays in Contraction, Bolstering ECB Rate-Cut Bets

Eurozone services PMI rose to 47.7 in May, still contracting; boosts ECB cut bets, bearish euro.

3 June 2026
S&P 500 Hits Fresh Record as Nine-Day Rally Nears Longest Run Since 1995

S&P 500 hits record ninth straight gain; longest since 1995 looms, low volatility prompts hedging.

3 June 2026
GBP/USD Steadies Near 1.3470 as Middle East Tensions Bolster Dollar Safe-Haven Bid

GBP/USD steadied near 1.3470 as Middle East tensions boosted dollar demand, while BoE hawkishness supported sterling.

3 June 2026
MENA currencies face renewed selling in May as higher US rate bets spur carry unwinds

Most MENA currencies saw net selling in May as rising US rates fueled carry unwind pressure.

3 June 2026
Argentina’s May tax receipts jump to 21.5 trillion pesos, bolstering fiscal outlook and asset appeal

Argentina’s May tax revenue jumped to 21.5 trillion pesos, reinforcing fiscal improvements and supporting bullish Argentina trades.

3 June 2026
Standard Chartered sees China’s PBoC shifting liquidity operations towards DR001, foreshadowing overnight rate anchor

Standard Chartered: PBoC shifts focus to DR001, anchoring overnight rates and paving way for overnight policy.

3 June 2026
Sweden’s VAT-Blurred Inflation Clouds Growth, Markets Underprice Riksbank Tightening Risk

Sweden’s GDP dip masked resilient consumers; VAT cut distorts inflation, leaving markets underpricing potential Riksbank tightening.

3 June 2026
Oil prices whipsawed by US–Iran talks, Red Sea shipping threats and Russia jet fuel ban

Oil swings on US–Iran headlines, Red Sea shipping threats, and Russia jet-fuel ban, stoking volatility.

3 June 2026
TD Securities lifts silver and PGM forecasts as deficits loom, while warning of gold-like corrections

TD Securities raises silver, PGM forecasts, citing deficits, stronger demand, but warns near-term correction risk.

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