QtrendsNvidia leads a record $20 billion AI bond spree while Asian chip stocks rally on geopolitical developments. Oil prices hit three-month lows as a US-Iran Hormuz deal eases supply fears and Goldman Sachs cuts its price target. Central banks globally are accelerating gold buying amid de-dollarization, with nine in ten expected to increase bullion reserves. The US-Iran peace deal allows Trump to refocus on tariff policy ahead of the G7 summit. Japan's Nikkei briefly topped 70,000 after the BOJ raised rates to their highest since 1995.
Nvidia has launched a historic $20 billion bond offering, joining a wave of AI-driven corporate borrowing. The broader chip-stock rally has returned in full force, boosted by two major geopolitical developments that have reignited investor confidence. Asian chip companies are also riding the AI boom, with the sector seeing a broad surge in demand and valuations.
Oil prices have fallen to a three-month low as a US-Iran agreement on Hormuz strait transit starts to restore Gulf supply. Goldman Sachs has cut its oil price forecast, citing early recovery in regional production. Tanker operators remain cautious despite the broader market optimism over the peace deal.
The World Gold Council reports that roughly nine in ten central banks plan to increase their gold holdings as the de-dollarization trend accelerates amid global instability. Major economies are expanding bullion reserves, signaling a structural shift away from US dollar dominance. This marks one of the most significant coordinated gold accumulation pushes in modern financial history.
With the US-Iran conflict de-escalating, President Trump is shifting his focus back to tariff policy. A diplomatic agreement has also taken pressure off Kevin Warsh, a key economic aide. Trump has denied that the US will put any money into Iran as he meets with allies at the G7 summit.
Japan's Nikkei index briefly crossed 70,000 for the first time after the Bank of Japan raised interest rates to their highest level since 1995. The rate hike was seen as less aggressive than feared, triggering a relief rally. Global shares were mostly higher amid optimism over easing geopolitical tensions.