Market Information Monday 01 June 2026

US equities continue to rally in 2026, with the S&P 500 up about 11 per cent in 2026 and the Nasdaq rising 16 per cent, driven largely by artificial intelligence-related stocks. Semiconductor shares have surged 81 per cent, while several AI-linked companies gained up to 600 per cent. Despite valuations above historical averages, major banks and strategists expect further gains, citing strong earnings growth and supportive economic conditions, although some warn of potential excess and corrections in certain segments.

Finance ministers from the six largest European Union economies agreed to support more centralised capital markets supervision, strengthening efforts to integrate fragmented markets and mobilise savings for investment. Oversight of key market infrastructure would gradually shift to the European Securities and Markets Authority. Backing from countries representing around 70 per cent of the EU population increases the likelihood of adoption, although opposition remains. Ministers emphasised accountability, efficiency and cost control in the proposed supervisory framework.

The US Securities and Exchange Commission has proposed rescinding its 2024 rule requiring most public companies to disclose climate-related risks and emissions, calling it an overreach of authority. The rule never took effect due to legal challenges and remains on hold. A 60-day consultation period has been opened. Regulators aim to reduce disclosure burdens, while critics warn investors will face reduced transparency. Some firms may still disclose climate risks if deemed financially material or under other jurisdictions.

The 6M Euribor increased with 1 basis point to 2.50% compared to previous business day. The 10Y Swap decreased with 2 basis points to 2.97% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.