Public Markets 8 Hours

Last updated: June 5, 2026, 5:31 AM ET

Equity Markets

Raspberry Pi shares surged 19.5% in London trading after the computer maker announced its full-year earnings would significantly exceed market expectations, with unit sales expected to exceed 4 million in the first half amid 'robust demand.' Meanwhile, U.S. tech stocks faced pressure as Nasdaq futures dropped more than 1% with Dow futures flat, reflecting investor caution ahead of Friday's crucial jobs report. This tech selloff extended globally, with U.S. tech stock futures sliding as investors continued to pull back from technology stocks ahead of the jobs data publication. In the UK, B&M European Value Retail experienced a record rally that squeezed short sellers after the discounter's better-than-expected earnings boosted confidence in its turnaround efforts, positioning the stock for its best-ever weekly performance.

M&A Activity

Bally's Intralot agreed to acquire William Hill owner Evoke in a deal valuing the company at £243 million ($326 , with Evoke shareholders entitled to receive 0.537 new Intralot shares for each Evoke share. The acquisition, which follows Evoke putting itself up for sale after taking a hit from steep UK tax rises, is expected to complete by the first quarter of 2027. Meanwhile, Apollo Global Management withdrew its £1.5 billion takeover offer for London-listed Bodycote, causing the components maker's shares to fall more than 9%. Apollo indicated it may make another offer in coming months. In India, the government is considering selling as much as a 2% stake in Hindustan Zinc Ltd., a transaction that could raise up to 50 billion rupees ($525 as part of its divestment plans.

Emerging Market Developments

Indonesia's sovereign wealth fund Danantara is planning to sell local-currency bonds that will pay interest below market rates as global investors rapidly lose confidence in the nation. This comes amid Indonesian Finance Minister Purbaya Yudhi Sadewa defending his economic track record and pledging to stay in his job after the rupiah plunged to a record low. Indonesia also unveiled details on its export overhaul for palm oil and coal, showing the new regime will capture most of its major palm oil products in addition to coal and ferronickel. In contrast, India scrapped capital gains taxes for foreign bond buyers and removed ownership caps on some bonds to attract overseas capital and stabilize the rupee, which has been under pressure from higher energy prices and foreign outflows. The Reserve Bank of India announced measures to support the currency while keeping its benchmark interest rate unchanged to support the economy.

Commodity & Currency Movements

European natural gas prices headed for a weekly gain as uncertainty over prospects for a peace deal between the U.S. and Iran dominated sentiment after fighting in the Middle East intensified. Gold prices traded below $4,450 a troy ounce and were on track for a weekly loss as uncertainty surrounding U.S.-Iran peace talks weakened sentiment, with the precious metal pressured by rate-hike fears. In industrial metals, copper slumped and other base metals fell as caution swept through risk assets ahead of key U.S. employment data that could shape expectations