Public Markets 3 Hours

Last updated: June 5, 2026, 5:33 AM ET

Technology & Equity Markets

London-listed shares of Raspberry Pi jumped 19.5% after the Cambridge-based chip designer upgraded its earnings outlook, citing robust demand that could push first-half unit sales above 4 million. The rally came amid broader market caution, with Nasdaq futures sliding more than 1% and tech stock futures leading U.S. index declines as investors awaited Friday's jobs report. Meanwhile, gold prices traded below $4,450, pressured by rate-hike fears and persistent Middle East uncertainty that dented risk appetite.

Corporate Takeovers & Restructuring

Shares of Bodycote plunged over 9% after Apollo Global Management abandoned its £1.5 billion takeover bid, ending months of speculation around the London-listed industrial components maker. In gaming, Evoke accepted a £243 million offer from Bally's Intralot, with shareholders set to receive 0.537 new Intralot shares per Evoke share under a deal expected to close by early 2027. The move follows steep UK tax hikes that prompted Evoke to put itself up for sale.

Commodities & Energy

Global food prices held near multi-year highs, steadying after palm and soy oil costs dropped despite Iran conflict disruptions. However, China's crude imports slumped to decade lows in May, with demand weakening and refinery cuts pointing to prolonged languishing. The divergence underscores uneven global commodity trends as gold faced weekly losses amid mixed signals on inflation and monetary policy.

Fixed Income & Central Banks

Carmignhac extended maturities on inflation-linked bonds, betting that widening government deficits will force central banks to accept higher inflation. In emerging markets, Indonesia's Danantara planned low-yield local bonds amid foreign investor withdrawals, while Finance Minister Purbaya defended record-low rupiah and pointed to debt market inflows. Ghana's central bank signaled rate cut potential once Middle East tensions ease, contrasting with India's scrapped capital gains tax aimed at stabilizing the rupee.

Currency & Geopolitical Shifts

China permitted select banks to hike dollar deposit rates, potentially curbing yuan gains as authorities balance capital outflows. Algebris pivoted to Turkish CDS purchases, citing elevated default risks from Iran war spillovers. The moves reflect Korean market turmoil dragging emerging assets lower as AI stock enthusiasm wanes, while Jollibee weighs shifting U.S. listing to Hong Kong amid booming Asian equity markets.