Index of Industrial Production and Revision of Base Year

• Veteran investor Vikas Khemani stated at the ET Alpha Wealth Summit that current concerns regarding Indian equities are driven by "recency bias" rather than a decline in market fundamentals. • Khemani highlighted that India has consistently outperformed other emerging markets over a long-term horizon of 10 to 15 years.

• The EU's trade chief is scheduled to meet with his Chinese counterpart in Paris to address escalating trade tensions between the two powers. • Lebanese culture minister Ghassan Salamé provided an exclusive interview following a conditional ceasefire agreement reached overnight between Israel and Lebanon.

• Wall Street has reached a new series of record highs, driven largely by the ongoing momentum of the AI trade. • Deutsche Bank warned that the current speed of the S&P 500 rally is unprecedented for an economy not emerging from a recession, drawing parallels to the period before the 1987 crash.

• Analysts are providing short-term price forecasts for Gold (XAU/USD) covering the next 24 hours, one week, and 30 days. • The analysis utilizes a combination of technical chart patterns from H1 to H4 time frames, fundamental economic data, and social media sentiment.

• Kevin Warsh is initiating a "clear-eyed" review process to potentially restructure how the central bank operates, communicates, and handles policy advice. • To support this agenda, Warsh has quickly appointed outside advisers Paul Winfree and Daniel Heil to his leadership team.

• The stock market has reached record highs following stronger-than-expected Q1 financial results. • Analysts warn that Wall Street may be overlooking a growing earnings bubble despite the current rally.

• The interagency Development Budget Coordination Committee (DBCC) has revised its macroeconomic growth targets to account for the economic impact of the war in the Middle East. • This follows a previous downward revision in December triggered by a slump in growth linked to a massive flood control project scandal.

• U.S. stock markets ended lower as escalating tensions between the United States and Iran weighed on investor sentiment. • The S&P 500 index saw its nine-day winning streak come to an end due to the geopolitical instability.

• Global stocks retreated from record highs on June 4 after Broadcom Inc. issued a weak forecast, dampening the artificial-intelligence trade. • Broadcom shares tumbled 14% in extended trading, contributing to a 0.5% drop in Nasdaq 100 futures.

• On June 3, 2026, the three major U.S. stock indexes declined, ending a five-session streak of closing records. • The S&P 500 specifically snapped a nine-session winning streak as investors pulled back from recent highs.

• ECB economists have issued a warning via their official blog that current economic conditions may lead to stronger inflationary pressures than markets currently anticipate. • While some indicators suggest inflation risks are lower than they were in 2022, the bank identifies several emerging factors that could drive prices higher.