Global Stocks Hit Record Highs on AI Growth and Jobs Data
World stock markets climbed to record levels as investors focused on artificial intelligence growth and strong U.S. labor demand. While oil prices rose to 96 dollars per barrel amid uncertainty over U.S.-Iran negotiations, tech sector gains and robust economic data supported broad market gains.
Global stocks rose 0.43% on June 2 as AI optimism and strong labor data outweighed geopolitical tensions between the United States and Iran. The MSCI global index reached a record high following news of confidential IPO filings and robust manufacturing activity. Investors are balancing high-growth tech valuations against persistent inflation and potential interest rate hikes in Europe.
Brent Crude Oil rose 1.1% to $96 a barrel, the highest level since May 26. Prices climbed as Iran reviews a proposed agreement to halt its war with the U.S. President Donald Trump said talks with Iranian officials continued on Tuesday.
