Global Stocks Hit Record Highs on AI Growth and Jobs Data

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.