What? Finance again

What? Finance again 👨‍🏫 Financier's Notebook / Le carnet du financier.

06/03/2026

📊 Market news for 3 June 2026:

1. 🪙 Gold continues to rapidly overtake US government bonds as the primary reserve asset on central bank balance sheets worldwide. The shift began a year ago, - FT.

2. 🇺🇸 Yardeni raised its year-end S&P 500 target to 8,250.

3. 🇺🇸 The US technology sector has risen 42% over the past two months.

4. 🇺🇸 Nvidia is expanding its AI partnership with Microsoft.

5. 🇺🇸 SpaceX plans to set a fixed IPO price of $135 per share instead of using a price range, - RTRS.

6. 🇺🇸 GameStop reported a 14% year-on-year increase in quarterly revenue and announced a $2 billion share repurchase programme.

7. 🇺🇸 Mastercard is expanding its regulated stablecoin operations and plans to extend instant stablecoin settlement hours to weekends and holidays amid growing demand from institutional investors and businesses.

8. 🇩🇪 Rheinmetall is selling its civilian business to investment firm Aequita for €350 million.

9. 🇨🇳🇺🇸 China is making it more difficult for private investors to access US equities, - CNBC.

10. 🇰🇿 Freedom Holding has applied for a banking licence in France.

11. 🪙 Binance is shutting down its NFT marketplace.

12. 🪙🇺🇸 Binance is launching trading in US stocks and ETFs.

13. 🪙🇮🇷 The US imposed sanctions on four Iranian crypto exchanges: Bitpin, Nobitex, Wallex and Ramzinex.

06/03/2026

🗺 International news for 3 June 2026:

1. 🗺 According to OECD forecasts, global economic growth in 2026 would be 2.1% in the event of a prolonged disruption.

2. 🌏 The energy shock and AI boom are pushing Asia towards further interest-rate increases amid rising inflation, - BBG.

3. 🇺🇸 Trump signed an executive order on AI oversight due to national security risks less than two weeks after declining to approve it.

4. 🇺🇸 The US is proposing new tariffs of at least 10% on imports from most major trading partners following an investigation into goods allegedly produced using forced labour, - BBG.

5. 🇺🇸🇮🇷 Trump: Negotiations with Iran are continuing.

6. 🇺🇸🇮🇷 The US and Iran exchanged new strikes during the “ceasefire”.

7. 🇪🇺 Eurozone – Producer Price Inflation PPI (April):

- m/m = +0.6% (expected +0.6% / previous +3.4%)
- y/y = +4.9% (expected +4.8% / previous +2.1%)

8. 🇦🇺 Australia – GDP (Q1 2026):

- q/q = +0.3% (expected +0.5% / previous +0.9%)
- y/y = +2.5% (expected +2.7% / previous +2.5%)

9. 🇺🇦 The EBRD revised down its forecast for Ukraine’s real GDP growth in 2026 to 2.2% due to the prolonged war.

10. 🇺🇦 “I am ready for direct negotiations with Putin to end this war, rather than waiting for the US to finish all conflicts around the world and only then turn its attention to us,” Zelensky said.

11. 🇺🇦🇺🇸🇷🇺 Rubio: At the moment, the prospects do not look particularly optimistic; neither side is prepared to make the concessions necessary to reach an agreement.

06/02/2026

📊 Market news for 2 June 2026:

1. 🛢🇺🇸🇷🇺 Rubio suggested that exemptions from US sanctions on Russia’s oil sector may be extended again.

2. 📏 Aluminium prices have reached a four-year high amid tightening global supply, - BBG.

3. 🇺🇸 A peak in the US stock market has never occurred in June, according to historical data for 1950–2025, - Carson.

4. 🇺🇸 Nvidia is increasingly viewed not only as a high-growth company or semiconductor manufacturer, but also as a critical infrastructure component of the US digital economy, according to analysts, - BBG.

5. 🇺🇸 Berkshire Hathaway is investing another $10 billion in Alphabet.

6. 🇺🇸 Alphabet will raise $80 billion through a share offering. The funds will be used for AI investments.

7. 🇺🇸 Amazon Prime Day will take place from 23–26 June this year.

8. 🇺🇸 Anthropic has filed for an IPO. Terms have not yet been determined.

9. 🇺🇸 Tesla reported a significant increase in vehicle registrations across Europe in May.

10. 🇺🇸 In May, Tesla increased vehicle deliveries from its Shanghai plant by 39%.

11. 🇺🇸 Moderna and Merck reported positive trial results for their jointly developed skin cancer vaccine.

12. 🇺🇸 IBM plans to invest more than $10 billion in quantum computing over the next five years.

13. 🇺🇸 Nvidia’s CEO named Marvell Technology as the next company likely to reach a $1 trillion valuation.

14. 🇺🇸 STMicroelectronics raised its revenue outlook for its data-centre business.

15. 🇺🇸 CME is launching 24-hour trading in cryptocurrency futures and options.

16. 🇺🇸 Charles Schwab plans to launch spot cryptocurrency trading for institutional investors by 2027, according to its CEO.

17. 🇺🇸🇨🇦 Robinhood has officially entered the Canadian market following its acquisition of WonderFi, the country’s leading regulated digital asset platform operator.

18. 🇨🇳 China is tightening rules on overseas investments for security reasons. The government will be able to prohibit investments in third countries.

06/02/2026

🗺 International news for 2 June 2026:

1. 🦠 The outbreak of a rare Ebola strain in Congo has already become the third-largest in history, only a few weeks after its likely onset, - WSJ.

2. 🇺🇸 US – JOLTS Job Openings (April) = 7.618 million (expected 6.86 million / previous 6.866 million / revised 6.887 million).

3. 🇺🇸 Hammack (Fed): The Fed will need to take action “as soon as possible” if inflationary pressures do not ease in the near term.

4. 🇺🇸🇪🇺 The US is in talks to expand the deployment of nuclear weapons in Europe, - FT.

5. 🇺🇸🇦🇿 Azerbaijan and the US signed a framework agreement on the extraction and supply of rare earth metals (REMs).

6. 🇺🇸🇮🇷 Trump: A memorandum between Iran and the US could be concluded next week.

7. 🇺🇸🇧🇷 The Trump administration is proposing a 25% tariff on Brazilian goods over unfair trade practices.

8. 🇪🇺 Eurozone – Consumer Inflation CPI (May):

- m/m = +0.1% (expected +0.2% / previous +1.0%)
- y/y = +3.2% (expected +3.2% / previous +3.0%)
- Core CPI = +2.5% y/y (expected +2.4% / previous +2.2%)

9. 🇪🇺🇺🇦🇲🇩 Politico: EU accession negotiations with Ukraine and Moldova are expected to begin on 15 June.

06/01/2026

🗺 International news for 1 June 2026:

1. 🇺🇸 Trump’s approval rating as president has fallen to a record low.

2. 🇺🇸🇮🇷 The US carried out strikes on Iranian radar and drone command posts in the Goruk area of Iran and on Qeshm Island in self-defence, the US Central Command (CENTCOM) said.

3. 🇨🇭 Switzerland – GDP (Q1 2026)

- q/q = +0.7% (expected +0.5% / previous +0.1%)
- y/y = +0.5% (expected +0.4% / previous +0.7%)

4. 🇳🇴🇪🇺 FT: Norwegian authorities have begun discussing EU membership.

5. 🇺🇦 Budanov: Zelensky instructed that this war be brought to an end as quickly as possible, preferably before winter.

6. 🇮🇷 Iranian Foreign Minister Araghchi urged people not to believe media reports about talks with the US before the authorities announce the final outcome.

7. 🇮🇷 Tasnim: Iran is suspending message exchanges with the US in protest against Zionist crimes. Talks will not take place until Iran’s demands to end Israeli operations in Lebanon and Gaza are met.

8. 🇮🇷 Trump said he had agreed with Netanyahu and Hezbollah on a ceasefire in Lebanon.

📊 Market news for 1 June 2026:

1. 🌕🇺🇸 Trump called for an audit of the Fort Knox gold vault.

2. 🛢🇺🇸 For the first time since 2024, speculators are betting on lower US gas prices on exchanges, amid high domestic production and expectations of reduced exports, - BBG.

3. 🗺 By 2027, companies will increase spending on artificial intelligence to $905 billion a year. Data-centre investment is surging, - Goldman.

4. 🖥 Goldman expects a memory-chip shortage until 2028 amid the sharp rise in AI demand.

5. 🇺🇸 OpenAI, Anthropic and SpaceX have begun actively using Nvidia’s Vera chips.

6. 🇺🇸 Nvidia is entering the personal computer market with a new chip based on ARM. The new chips will appear in personal computers from DELL, HPQ, MSI, Asus and Lenovo.

7. 🇺🇸 Nvidia’s debut in the personal computer chip market will challenge INTC, AMD, QCOM and AAPL.

8. 🇺🇸 Nvidia introduced its new humanoid robot NVIDIA Isaac GR00T for scientific research.

9. 🇺🇸 Nvidia plans to build partnerships with humanoid robot manufacturers in several regions, including the US, Europe, South Korea and the Chinese company Unitree.

10. 🇺🇸 Microsoft introduced the Surface Laptop Ultra, developed jointly with Nvidia.

11. 🇺🇸 Intel plans to release a new AI-based chip for data centres by the end of the year, - FT.

12. 🇺🇸 Berkshire is buying developer Taylor Morrison at $72.50 per share (last Friday’s closing price = $58.50).

13. 🇺🇸 Strategy CEO Phong Le said in an interview with FOX that while the company’s long-term strategy is to accumulate BTC, it may sell BTC for the benefit of shareholders.

14. 🇺🇸 Strategy is selling BTC for the first time since 2022.

15. 🇺🇸🇨🇳 The US will restrict shipments of Nvidia and AMD’s most advanced AI chips to Chinese subsidiaries located outside China, - RTRS.

16. 🇺🇸🇮🇳 Coinbase announced the launch of direct Indian rupee exchange and access for users to crypto trading in rupees.

17. 🇪🇺 Goldman raised its 12-month target for the STOXX 600 index to 660.

18. 🇯🇵🇫🇷 SoftBank will invest €45 billion in building artificial intelligence infrastructure in France.

19. 🇨🇳 Outflows from Chinese equities have continued for 9 consecutive weeks, - EPFR.

05/31/2026

📊 Market news for 30–31 May 2026:

1. 🛢 Oil finished May down 20%, marking its steepest monthly decline in six years.

2. 🛢🇪🇺🇷🇺 The European Union is considering temporarily freezing the Russian oil price cap at its current level of $44.1 per barrel due to the Middle East conflict. Rising oil prices could otherwise push the cap up to $65 per barrel during the next review this summer. Options include suspending the automatic upward adjustment mechanism until year-end, - BBG.

3. 🛢🇯🇵 Japan’s crude oil imports fell 66% in April due to the ongoing Hormuz blockade, according to Japan’s Ministry of Energy.

4. 📏 The risk of an aluminium shortage is increasing. Hormuz remains blocked, supplies continue to decline, and exchange inventories are falling rapidly, - BBG.

5. 👕🇮🇳 India is removing import duties on cotton from June through October.

6. 🇺🇸 US equities ended the week at record highs.

7. 🇺🇸 Among companies that have already reported earnings, 81% beat revenue expectations, above the 5-year average of 70% and the 10-year average of 67%, marking the strongest result since Q2 2021. Meanwhile, 85% beat EPS expectations, above the 5-year average of 78% and the 10-year average of 76%, also the best result since Q2 2021, - FactSet.

8. 🇺🇸 Windows computers powered primarily by Nvidia AI chips are expected to go on sale next week for the first time in history.

9. 🇺🇸 SpaceX received a $4.16bn contract from the US Space Force for the detection and tracking of airborne threats, - WSJ.

10. 🇺🇦🇺🇸 The US is testing humanoid robots in combat zones in Ukraine. Foundation Future Industries plans to begin mass production of military robots for the US Army.

11. 🪙 CryptoQuant, citing its PnL Index Signal indicator, stated that the BTC bear market could last until early 2027.

05/31/2026

🗺 International news for 30–31 May 2026:

1. 🇺🇸 The world’s wealthiest families are reducing their exposure to the US dollar amid geopolitical uncertainty and rising government debt, - RTRS.

2. 🇺🇸 US inflation has remained above the Federal Reserve’s 2% target for 62 consecutive months and has accelerated since the start of Operation “Epic Fury” in Iran.

3. 🇺🇸 Schmid (Fed) warned that inflation in the US remains elevated and that assuming the current energy shock will have only a temporary effect on prices and can therefore be ignored by the central bank is too risky.

4. 🇺🇸 Trump underwent a medical examination. His doctor said everything looked excellent and that the results confirmed Trump remains fit to continue serving as President.

5. 🇺🇸 NYT: Trump is no longer certain that Vance will be able to lead the US after him.

6. 🇺🇸🇮🇷 Trump has toughened the terms of a potential deal with Iran, - NYT.

7. 🇺🇸🇮🇷 US Treasury Secretary Bessent stated at the Reagan Economic Forum that the US had seized $1bn worth of cryptocurrency from Iran.

8. 🇪🇺 The EU plans to introduce a unified cryptocurrency tax and a gambling tax. It expects to raise €20bn in revenue between 2028 and 2034.

9. 🇪🇺 Germany and France have begun talks on closer cooperation in the field of nuclear deterrence, - Spiegel.

10. 🇪🇺🇷🇺 As part of its 21st sanctions package against Russia, the EU may impose restrictions on certain minerals used in the aerospace and UAV industries. Restrictions on 20 oil tankers are also under discussion, including vessels transporting LNG, - BBG.

11. 🇺🇦 Ukraine’s public debt has decreased by more than €190m since the beginning of the year, - Ministry of Finance.

05/29/2026

📊 Market news for 28 May 2026:

1. 🛢 Exxon Mobil warns that oil inventories will reach “dangerously low” levels in the coming weeks.

2. 🪙 Analysts forecast a decline in silver prices due to “weaker demand” caused by high prices, - CNBC.

3. 🪨 Coking coal in China is ending the week with its strongest rise in the past six weeks.

4. 🇺🇸 Anthropic surpassed OpenAI in valuation. The startup was valued at $965bn in a recent funding round, - Axios.

5. 🇺🇸 SpaceX is now targeting a $1.8tn valuation at IPO. Previously, reports suggested the company was aiming for a $2tn valuation, - BBG.

6. 🇺🇸 SpaceX shares could be added to FTSE Russell indices almost immediately after the IPO, - BBG.

7. 🇺🇸 Gemini exchange selected AI models from SpaceXAI to build its AI hub.

8. 🇺🇸 Dell reported its fastest revenue growth since returning to the public market in 2018.

9. 🇺🇸 CBOE received SEC approval to launch trading of certain instruments during morning and evening sessions.

10. 🇯🇵 Toyota halted development of the Lexus LF-ZC electric vehicle due to weaker demand.

05/29/2026

🗺 International news for 28 May 2026:

1. 🦠 The WHO opposed border closures over the Ebola outbreak in Congo.

2. 🇺🇸 Bessent: there will be no digital dollar (CBDC) in the US.

3. 🇺🇸 US – Trade Balance (April, Prel) = -$82.4bn (expected -$86.7bn / previous -$85.3bn).

4. 🇺🇸🇮🇷 The US tightened sanctions against Iran’s oil fleet.

5. 🇺🇸🇮🇷 Trump said he would resume military action against Iran if Tehran attempted to impose unfavourable deal terms on the US.

6. 🇨🇦 Canada – GDP (Q1 2026, Prel):

- q/q = 0% (expected +0.1% / previous -0.2%);
- y/y = -0.1% (expected +1.5% / previous -0.6%).

7. 🏴🇬🇧 Scotland once again expressed its desire to separate from the United Kingdom. Parliament in Edinburgh voted in favour of holding an independence referendum.

8. 🇫🇷 France’s GDP contracted by 0.1% in Q1 2026.

9. 🇺🇦🇭🇺 Hungarian Prime Minister Péter Magyar told the NATO Secretary General that Hungary would not supply weapons to Ukraine.

10. 🇨🇳 Prices for new housing in China will decline this year and begin rising again from 2027, - RTRS.

11. 🇮🇷 Iranian Parliament Speaker Ghalibaf said Iran would not take any steps regarding a deal with the US unless it saw real actions from Washington.

05/28/2026

📊 Market news for 28 May 2026:

1. 🛢🇺🇸 Oil – EIA crude inventories = -3.327m (expected -3m / previous -7.863m).

2. 🚢 IRGC: 26 vessels passed through the Strait of Hormuz in the last 24 hours. (as of 28 May, 14:00 Kyiv time)

3. 🖥 Shares of chipmakers are surging towards their biggest gains since the dot-com boom amid AI demand, - FT.

4. 🇺🇸 The Pentagon plans to provide funding to a number of drone manufacturers under UAV production agreements.

5. 🇺🇸 UBS upgraded AMZN shares to $333.

6. 🇺🇸 Amazon is striking a $6bn deal with Snowflake for its chips for agentic AI computing, - WSJ.

7. 🇺🇸 Nvidia’s CEO will join the board of a prestigious university in Beijing, - FT.

8. 🇺🇸 Microsoft will release a new programming model next week as part of efforts to regain its position, - The Information.

9. 🇺🇸 Meta is beginning to roll out subscriptions for Facebook and Instagram, - WSJ.

10. 🇺🇸 Dell reported a $43bn AI backlog and gave guidance for $50bn in AI revenue.

11. 🇺🇸 Dell won a $9.7bn defence contract to streamline software procurement, - BBG.

12. 🇺🇸 Salesforce issued cautious guidance, fuelling concerns about market shifts and competition, - BBG.

13. 🇺🇸 Salesforce sales and profit rose in Q1 thanks to Agentforce’s growth, - WSJ.

14. 🇺🇸 AV received a $20m contract to conduct research into ceramic materials for the US Air Force and Space Force.

15. 🇨🇳 Nio unveiled the new six-seat ES9 crossover, which the company says is the largest electric SUV in the country.

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