🌏 Asian Markets Asian stocks fell across the board on Thursday amid renewed Middle East tensions. Nikkei 225: -0.47% (64,693). Hang Seng: -1.27%. Kospi: -0.53% (8,185). ASX 200: -1.43% (8,593). The lone exception — China’s CSI 300 eked out a +0.12% gain (4,914).
🇺🇸 Wall Street (May 28 close) S&P 500 closed at a record 7,564 (+0.58%). Nasdaq hit a record 26,917 (+0.91%). Dow edged up to 50,669 (+0.05%). Snowflake surged 36.5% — its best day ever — after strong earnings guidance and a $6B Amazon cloud deal reignited AI enthusiasm. Microsoft, Oracle and Palantir each gained 3–4%.
📊 Macro April PCE inflation (the Fed’s preferred gauge) rose to 3.8% YoY — the highest since May 2023 — driven by the Hormuz energy shock. Core PCE: 3.3%. Q1 GDP was revised down to 1.6%. Rate cuts remain off the table.
🛢️ Oil WTI: ~$88/bbl | Brent: ~$92/bbl. Prices eased this morning after reports of a tentative 60-day US-Iran ceasefire extension, though Trump has not yet signed off. Iran’s skepticism keeps the Strait of Hormuz risk alive.
🟡 Gold ~$4,500/oz — struggling near a 2-month low. Persistent inflation and reduced rate-cut expectations continue to weigh on the metal.
₿ Bitcoin ~$73,555 (-2.1%). Risk-off mood tied to geopolitical uncertainty and inflation fears drags crypto lower.
💱 Forex EUR/USD: ~1.1652. Dollar may strengthen further if US-Iran talks collapse, as energy-driven inflation raises the prospect of a more hawkish Fed.
⚠️ This is not investment advice. Trading involves risk.
🌅 NordFX Morning Market Update | May 29, 2026 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.
