Global markets started the week on a strong note, driven by a rally in Asian equities that pushed world indices to new record highs. The latest US CPI data shows that May inflation has came out at 2.4%, below the expectations of 2.5% while the core CPI has came out at 2.8% below the expectations of 2.9%, proving that inflation is still there, although seems cooling in and great for Federal Reserve to ease their monetary policy from next quarter (expected).
Optimism surrounding trade progress could help sustain market momentum, though macro uncertainties—especially regarding policy—remain a key concern. The MSCI World Index rose 0.2%, reaching 893.88, supported by a nearly 1% gain in Japan’s Nikkei and modest increases in China’s CSI300 and Shanghai Composite.
The surge comes as high-stakes trade talks between the U.S. and China begin in London, focusing on critical minerals. Optimism surrounding trade progress could help sustain market momentum, though macro uncertainties—especially regarding policy—remain a key concern.
Major key events affecting crypto and stock markets include today’s US-China trade meeting, DeFi regulation discussions, and the SEC’s decision on the Bitwise DOGE ETF. The crypto market’s hesitation suggests that investors are already pricing in turbulence, perhaps preparing for impact as the Federal Reserve's upcoming interest rate decision is coming by next week and volatility is expected for short term.