{"id":612,"date":"2026-06-02T17:57:35","date_gmt":"2026-06-02T17:57:35","guid":{"rendered":"https:\/\/sotnews.agency\/?p=612"},"modified":"2026-06-02T17:57:35","modified_gmt":"2026-06-02T17:57:35","slug":"world-stocks-rally-on-ai-optimism-jitters-over-iran-persist","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=612","title":{"rendered":"World stocks rally on AI optimism; jitters over Iran persist"},"content":{"rendered":"<div class='booster-block booster-read-block'>\n                <div class=\"twp-read-time\">\n                \t<i class=\"booster-icon twp-clock\"><\/i> <span>Read Time:<\/span>3 Minute, 6 Second                <\/div>\n\n            <\/div><p><br \/>\n<\/p>\n<div data-article-content=\"true\" data-testid=\"article-editor-content\">\n<div class=\"editor-img-box\" style=\"margin-left: auto; margin-right: auto; clear: both; margin-bottom: 24px;margin-bottom: 30px;; width: 728px\"><picture><img src=\"https:\/\/newsimg.koreatimes.co.kr\/2026\/06\/03\/dff29d2e-6ba7-4420-89b6-008af68fbd83.jpg?w=728\" style=\"height: auto; aspect-ratio: 1920 \/ 1335; width: 100%\" alt=\"Traders work on the floor of the New York Stock Exchange at the NYSE Options Market on Wall Street on Tuesday in New York City. UPI-Yonhap\" decoding=\"async\" loading=\"eager\" fetchpriority=\"high\"\/><\/picture>\n<div class=\"caption\">\n<p>Traders work on the floor of the New York Stock Exchange at the NYSE Options Market on Wall Street on Tuesday in New York City. UPI-Yonhap<\/p>\n<\/div>\n<\/div>\n<p class=\"editor-p\">NEW YORK\/LONDON \u2014 Global stocks rallied on Tuesday, buoyed by AI optimism, while oil prices and bond yields fell on renewed hopes of a U.S.-Iran deal.<\/p>\n<p class=\"editor-p\">Brent crude futures fell 0.1 percent to just below $95 a barrel, paring the previous session&#8217;s sharp gains, after U.S. President Donald Trump said talks with Iran continued.<\/p>\n<p class=\"editor-p\">His comments came despite a report that Tehran had suspended indirect negotiations with Washington to end hostilities, keeping investors cautious about efforts to end the three-month war and underlining the fragility of an ongoing ceasefire.<\/p>\n<p class=\"editor-p\"><strong>AI enthusiasm<\/strong><\/p>\n<p class=\"editor-p\">Anthropic said on Monday it had confidentially filed for a U.S. initial public offering, edging ahead of rival OpenAI in a closely watched race to reach public markets. Google parent Alphabet is also seeking to raise $80 billion in equity to fund the expansion of its AI infrastructure.<\/p>\n<p class=\"editor-p\">&#8220;This speaks to the huge sums involved in keeping pace in the AI arms race. It represents a significant shift from a period of bumper free cash flow to going cap in hand to the markets to help fund its expansion,&#8221; Russ Mould, investment director at AJ Bell, said.<\/p>\n<p class=\"editor-p\">On the economic front, U.S. job openings, a measure of labor demand, increased more than expected in April, hitting the highest level in nearly two years, according to Labor Department data on Tuesday.<\/p>\n<p class=\"editor-p\">That came after data showed on Monday that U.S. manufacturing beat expectations to hit a four-year high, likely driven by firms front-loading orders amid rising prices and supply concerns linked to the U.S.-Israeli war on Iran.<\/p>\n<p class=\"editor-p\">&#8220;The jobs data was significantly higher than expected and you would think that it would have boosted rates but they didn&#8217;t go up,&#8221; said Gerry Sparrow, chief investment officer at Sparrow Capital Management.<\/p>\n<p class=\"editor-p\">&#8220;Employment is strong, which is a good thing for consumer spending. So I think the market is healthy because of the jobs data.&#8221;<\/p>\n<p class=\"editor-p\">On Wall Street, all three indexes were trading higher after losing ground in early trade. The Dow Jones Industrial Average rose 0.30 percent, the S&amp;P 500 rose 0.24 percent, and the Nasdaq Composite rose 0.28 percent.<\/p>\n<p class=\"editor-p\">Europe&#8217;s STOXX 600 was up 0.71 percent, as a strong forecast from chipmaker STMicroelectronics lifted technology stocks.<\/p>\n<p class=\"editor-p\">MSCI&#8217;s gauge of stocks across the globe was up 0.48 percent after hitting a fresh record high.<\/p>\n<p class=\"editor-p\">In Taipei, Nvidia CEO Jensen Huang said the company had enough supply to support strong growth in central processing units (CPUs) and graphics processing units (GPUs), but acknowledged supply constraints remained a concern.<\/p>\n<p class=\"editor-p\">In currency markets, the dollar edged slightly lower. The euro, still 1.5 percent below its level at the start of the war, was last up 0.04 percent on the day at $1.16365.<\/p>\n<p class=\"editor-p\">The Japanese yen weakened 0.14 percent against the greenback to 159.85 per dollar. Sterling strengthened 0.19 percent to $1.3477.<\/p>\n<p class=\"editor-p\">Data showed euro zone core inflation at 2.5 percent year-on-year in May, above expectations of 2.4 percent and April&#8217;s 2.1 percent. Money markets price in a quarter-point European Central Bank rate hike this month, with at least one more by year-end.<\/p>\n<p class=\"editor-p\">The yield on the benchmark U.S. 10-year notes fell 3 basis points to 4.447 percent. The yield on the benchmark German 10-year Bunds fell 4 basis points to 2.973 percent.<\/p>\n<p class=\"editor-p\">Gold rose 0.46 percent to $4,504.09 an ounce.<\/p>\n<p><input type=\"hidden\" name=\"ktViewTypeBody\" value=\"NORMAL\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.koreatimes.co.kr\/world\/20260603\/world-stocks-rally-on-ai-optimism-jitters-over-iran-persist?utm_source=rss\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n        <div class=\"booster-block booster-reactions-block\">\n            <div class=\"twp-reactions-icons\">\n                \n                <div class=\"twp-reacts-wrap\">\n                    <a react-data=\"be-react-1\" post-id=\"612\" class=\"be-face-icons un-reacted\" href=\"javascript:void(0)\">\n                        <img decoding=\"async\" src=\"https:\/\/sotnews.agency\/wp-content\/plugins\/booster-extension\/\/assets\/icon\/happy.svg\" alt=\"Happy\">\n                    <\/a>\n                    <div 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Street on Tuesday in New York City. UPI-Yonhap NEW YORK\/LONDON \u2014 Global stocks rallied on Tuesday, buoyed by AI optimism, while oil prices and bond yields fell on renewed hopes of a U.S.-Iran deal. Brent crude futures&#8230;<\/p>\n","protected":false},"author":1,"featured_media":613,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[16,14],"tags":[],"class_list":{"0":"post-612","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-korea","8":"category-trending-news"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=612"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/613"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}