China’s manufacturing sector experienced robust growth in May, with factory activity reaching its highest level in nearly two years. This positive trend was driven by increased production and new orders, particularly among smaller firms.
Stock market today: Asian shares start June with big gains following Wall St rally
Asian stock markets opened June with significant gains on Monday, as positive news about inflation in the U.S. drove a rally on Wall Street. Hong Kong’s Hang Seng led the region’s surge, jumping 2.7% to 18,560.98, while the Shanghai Composite index rose 0.3% to 3,095.63.
Nvidia Unveils Next-Generation Rubin AI Platform for 2026
Nvidia Corp. CEO Jensen Huang has revealed the company’s plan to release annual upgrades for its AI accelerators. He announced that a Blackwell Ultra chip is set to debut in 2025, followed by a next-generation platform called Rubin in 2026.
GameStop Set to Jump as Keith Gill Post Shows $116 Million Bet
hares of GameStop Corp. are expected to experience significant volatility at the opening of trading on Monday, following a Reddit account’s revelation of a purported $116 million position in the stock.
Affordable housing to stay out of reach in major economies due to lack of supply: Reuters poll
According to a recent Reuters poll of property analysts, major economies facing housing crises will struggle to increase the supply of affordable homes in the coming years.
Dell Falls After AI Server Sales Fail to Impress Investors
Dell Technologies Inc. experienced a 13% drop in premarket trading on Friday as investors were not impressed by the company’s first revenue increase since 2022
Oil Extends Decline With Supply in Focus Before OPEC+ Meeting
il prices extended their decline for a third consecutive day amidst concerns of oversupply, as indicated by a key market gauge. The upcoming OPEC+ supply meeting on Sunday added to the uncertainty. Brent crude for August remained near $82 per barrel after experiencing a 1.9% drop on Thursday, while West Texas Intermediate traded below $78 per barrel. Both benchmarks are on track for a monthly decrease.
China’s factory activity unexpectedly contracts in May
According to an official factory survey released on Friday, China’s manufacturing activity unexpectedly declined in May. This has led to calls for additional stimulus measures as the ongoing property crisis continues to impact businesses, consumers, and investors.