Public Markets 8 Hours

Last updated: June 1, 2026, 8:31 AM ET

Energy & Commodities

Oil prices jumped 3% after the U.S. and Iran exchanged fresh strikes over the weekend, with markets continuing to price in geopolitical risks despite both sides remaining engaged in negotiations. Gold fell 1% as the dollar strengthened and crude futures rose, while Pakistan's inflation accelerated to a two-year high amid rising energy import costs driven by the Iran war. Meanwhile, Colombia's dollar bonds rally sharply after right-wing outsider Abelardo de La Espriella unexpectedly won the first round of presidential voting and emerged as the clear favorite in the upcoming runoff.

Equities & Market Movements

U.S. stock futures pointed higher extending May's record-setting rally even as oil prices climbed on fresh Middle East hostilities. Emerging Asian equities reached record highs propelled by continued enthusiasm for the artificial intelligence trade that's bolstered global stocks despite geopolitical tensions. Hedge funds purchased U.S. equities at the fastest pace in six weeks as the S&P 500 Index extended its historic winning streak, while India's cash equity trading surged to an all-time high as MSCI index changes triggered a flurry of bulk deals by global passive funds.

Transportation & Travel

Jet Blue Airways reported strong demand across all geographies, particularly for close-in travel and routes previously operated by Spirit following the budget airline's shutdown. Easy Jet shares jumped after a US private credit group revealed it was considering a takeover bid for the low-cost carrier, describing it as "highly opportunistic." Uber selected Munich as its European testing ground for AI-powered robotaxis, marking the latest move to roll out self-driving vehicles in Europe and announced at the beginning of Nvidia's GTC conference in Taipei.

Corporate Developments

SpaceX's potential listing is rewriting the rules around blockbuster IPOs as index providers and fund managers rush to accommodate Musk's company, while OpenAI and Anthropic compete to win the IPO race with much at stake for whichever company moves faster. Portuguese utility EDP SA set to begin the process to sell a €200 million minority stake in its Iberian distributed-generation assets, and GLP planning a Hong Kong IPO targeting up to US$3.0 billion with $80 billion in assets under management.

Economic & Policy News

The euro remained stable against the dollar after an ECB survey showed inflation expectations were broadly steady in April, though euro-area consumers' expectations for inflation in three years eased slightly while staying elevated. The Bank of France will lower its growth forecasts later this month after a disappointing start to the year and as Middle East tensions persist, while more African countries expected to regain or achieve investment-grade credit ratings by next year as reforms begin to deliver results.