Market Update

Canada’s labor market rebounded sharply in May, with the economy adding 87,800 jobs and the unemployment rate falling to 6.6%, according to data released by Statistics Canada on Friday. The gain far exceeded the expectations of analysts polled by Reuters, who had forecast a 10,000-job increase, while the unemployment rate …

The U.S. economy added 172,000 jobs in May, demolishing the 85,000 consensus estimate and cementing the labor market’s resilience despite elevated borrowing costs. April’s payroll count was revised sharply higher to 179,000 from an initially reported 115,000, meaning two consecutive months have now surpassed expectations. With a December rate hike …

Key Takeaways Bitcoin near 4-month low: The world’s largest crypto fell 3.9% to $61,524.0 — its weakest level in nearly four months. 16% weekly crash: Bitcoin is on track for its worst week in months amid relentless institutional selling. ETF outflows mount: Bitcoin ETFs shed $1.4 billion this week — …

Key Takeaways Modest losses: The Stoxx 600 slipped 0.2%, Germany’s DAX fell 0.3%, the U.K.’s FTSE 100 shed 0.2%, and France’s CAC 40 was mostly unchanged. Hezbollah’s rejection clouds outlook: Hezbollah leader Naim Kassem called the U.S.-brokered Lebanon-Israel deal “absurd, humiliating, and insulting.” Iran peace deal at risk: Tehran has …

Key Takeaways Hezbollah rejects ceasefire: Leader Naim Kassem called the U.S.-brokered Lebanon-Israel agreement “absurd, humiliating, and insulting.” Full Israeli withdrawal demanded: Kassem said Hezbollah will not halt attacks until Israel completely withdraws from Lebanon. Devastating rhetoric: The Hezbollah leader described the agreement as “a road map for the annihilation of …

Key Takeaways Dollar holds firm: The DXY and dollar index futures moved little Friday but are set for weekly gains on heightened Middle East tensions. Euro and pound flat: Both currencies treaded water ahead of nonfarm payrolls. Hezbollah rejects ceasefire: The Iran-backed group refused to halt hostilities with Israel — …

Key Takeaways Gold falls: Spot gold dropped 0.8% to $4,440.84 per ounce, while gold futures fell 0.8% to $4,467.01. Worst weekly drop since early May: Spot prices on track for a 2.2% weekly loss. Hezbollah rejects ceasefire: The Iran-backed group refused to halt hostilities with Israel, torpedoing a key precondition …

Key Takeaways Oil advances: Brent rose 0.8% to $95.75 per barrel, while WTI gained 0.5% to $90.47. Weekly gains locked in: Both contracts set for 3-6% weekly advances on sustained Middle East tensions. Hezbollah rejects ceasefire: The Iran-backed group rejected the proposed Lebanon-Israel truce, refused to withdraw troops, and denounced …

Key Takeaways KOSPI worst performer: South Korea’s index plunged as much as 6%, with Samsung and SK Hynix each sinking over 8%. Labor minister shocks markets: South Korea’s Labor Minister called on major tech firms to share more AI profits with suppliers, subcontractors, and workers. Samsung-union deal: Minister Kim Young-Hoon …

The old rules no longer apply. The familiar playbook that guided markets for decades — buy gold and bonds when tension rises and wait for stability — has been torn apart in the first week of June 2026. What is unfolding now is far more complex: a global race to …