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Taiwan's stock market overtook India 🇮🇳 in market cap, hitting $4.95 trillion driven by TSMC's rally.

This makes it the world's fifth largest market behind the US, China, Japan, and Hong Kong.


💪 t.me/FinancialWorldUpdates

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🇮🇷🇺🇸 US says Iran war negotiations are now down to disagreements over a few words and sentences.


💪 t.me/FinancialWorldUpdates

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AI may displace human labor on a "very large scale," said Anthropic co-founder Olah.


💪 t.me/FinancialWorldUpdates

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Australia, India, Japan and the US agreed to jointly build a port in Fiji and signed pacts covering critical minerals and energy security, as they sought to inject fresh energy into the grouping


💪 t.me/FinancialWorldUpdates

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NetBlocks says internet access is gradually returning in Iran after an 88-day nationwide blackout.


💪 t.me/FinancialWorldUpdates

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US consumer confidence rises to 93.1 in May, beating the 92.0 estimate.


💪 t.me/FinancialWorldUpdates

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🚨 Micron stock, $MU, officially hits $1 trillion in market cap for the first time in history.

12 months ago, this stock was worth just $70 billion.


💪 t.me/FinancialWorldUpdates

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🇬🇧🚨 UK Sanctions Huobi Global Exchnage.


💪 t.me/FinancialWorldUpdates

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American Airlines $AAL rises over 7% after announcing it will install Elon Musk's Starlink Wi-Fi to its airplanes.


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JPMorgan says S&P 500 could hit 9,000 next year.


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Asia markets rise on US-Iran deal optimism as AI-tech stocks surge-CNBC


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Nvidia CEO Jensen Huang calls Taiwan the "epicentre" of the AI revolution and the world's technology manufacturing hub for years to come.


💪 t.me/FinancialWorldUpdates

Anduril Founder Palmer Luckey on China:

Can we outmanufacture them? No.

But we don't need to outmanufacture them to make a Taiwan invasion infeasible.

There's a world where they have a hundred times more ballistic missiles than us and we still have enough between us and our allies to deny them access to Taiwan.

If they take Taiwan, history and the words out of Xi Jinping's own mouth show they're immediately going to hop over to Okinawa, part of the Philippines, maybe part of Vietnam.

Xi Jinping is going out saying, 'I was in our national archives reading about the Ryuku Islands — 650 years ago they sent a gift to us, that means they're a tributary state.'

He's not saying this because he loves wandering the national archives.

They are constructing a national narrative that would allow them to convince their people to start with Taiwan and end with a lot of our Pacific allies.

💪 t.me/FinancialWorldUpdates

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€34B Banca Sella becomes the first Italian bank able to offer crypto-related services.


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🇪🇸 Spanish police raid headquarters of Prime Minister Pedro Sánchez's ruling Socialist party.


@PoliticFinance 🥻

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US space sector stocks have surged sharply since the start of this year due to the SpaceX IPO effect.

The SpaceX IPO is expected on June 12 on NASDAQ, aiming for a $2 trillion valuation, making it the largest IPO ever worldwide.


💪 t.me/FinancialWorldUpdates

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Draft US-Iran MOU would see US forces withdraw from Iran’s vicinity and lift the naval blockade, Iran state TV says.


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🐈 Market Overview

SPX: $7519
NASDAQ: $26656
DXY: $99

Gold: $4474
Silver: $74
Bitcoin: $75623


💪 t.me/FinancialWorldUpdates

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A draft “Islamabad agreement” aimed at ending the war with Iran is still under negotiation, with no final deal reached, IRIB reports.

The U.S. would ease restrictions on Iranian shipping, while Iran would restore commercial shipping in the Persian Gulf and Sea of Oman within a month. The Strait of Hormuz would not fully reopen, with Iran and Oman continuing to oversee inspections and transit.

The framework may also include a partial U.S. military pullback near Iran, though details remain unclear, and a finalized agreement could potentially receive binding United Nations Security Council backing within 60 days.

Iran insists implementation would depend on verification measures and warns the talks could still collapse.


💪 t.me/FinancialWorldUpdates