Tens

• US stock markets remained near record highs on Wednesday, June 3, 2026, despite pressure from geopolitical instability. • Oil prices climbed toward $100 per barrel due to renewed tensions involving Iran and concerns over the Strait of Hormuz. • Market resilience was driven by strong corporate earnings and investor optimism regarding the potential reopening of critical shipping lanes.

Proposal for 10-12.5% levies, to also include EU, Taiwan, Canada and Australia, would allow US president to skirt court-imposed limitsDonald Trump has threatened tariffs of between 10% and 12.5% on 60 countries including the UK, EU and Australia over alleged forced labour failures, in the latest attempt to revive his signature trade policy.The EU immediately hit back, saying it expected the US to respect the tariff deal it entered into last July and arguing stealth tariffs breached the spirit of that agreement. Continue reading...

• The Indian stock market saw a sharp decline in early trade, with the Sensex dropping nearly 700 points and the Nifty also tumbling. • This downturn was triggered by rising crude oil prices, persistent foreign institutional investor (FII) outflows, and geopolitical uncertainty regarding US-Iran negotiations. • The slump in India contrasts with global trends, as the US S&P 500 and Japan's Nikkei 225 recently hit record highs driven by technology earnings and growth confidence.

• Indian stock markets plummeted on Tuesday, with the Sensex falling over 400 points and the Nifty dropping below 23,250. • The downturn was driven by escalating US-Iran tensions and persistent selling by foreign institutional investors (FIIs), causing declines of over 1% in the Auto, Realty, and Consumer Durables sectors. • Despite the broader crash, Nifty IT gained nearly 2%, while 1,650 stocks on the NSE declined compared to 887 that advanced.

• The Sensex and Nifty extended their losing streak to a fourth consecutive day, with the Nifty settling below the 23,400 level. • Market declines were driven by escalating US-Iran tensions, a sharp rise in Brent crude oil prices, and a weakening rupee. • Sectoral performance was mixed, as FMCG, PSU Bank, and realty shares dropped while IT, media, and metal stocks saw gains.

• Oil prices surged as tensions escalated between the USA and Iran, causing WTI futures to gain 6% and settle around $92 a barrel. • Brent futures, the international benchmark, rose by 5% to reach 95 dollars, reversing a trend where WTI had previously seen a sharp 17% decline in May. • While oil prices climbed, global stock markets reacted with volatility, though Tokyo and Hong Kong saw gains of 1% and 0.8% respectively, driven by technology stocks.

• Global stock markets remain near record highs as the ongoing artificial intelligence boom continues to offset geopolitical instability in the Middle East. • Oil prices have surged nearly 3% due to escalating hostilities in the Gulf, which threaten the reopening of the critical Strait of Hormuz. • In Singapore, industry leaders are urging the government to accelerate client onboarding processes to prevent the city-state from losing wealth management clients to rivals like Dubai and Hong Kong.