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Investment Daily: US stocks rose on gains in technology and energy shares

2 June 2026

Key takeaways

  • US stocks and Treasury yields rose.
  • European stocks and government bonds fell.
  • Asian stocks lacked clear direction.

Markets

US stocks rose on Monday. The S&P 500 was up 0.3%, led by gains in technology and energy shares.

US Treasuries edged lower amid higher oil prices and a large corporate bond supply. 10-year yields closed at 4.45% (+1bp). 

European stocks fell on Monday amid lingering geopolitical concerns. The Euro Stoxx 50 fell 0.3%. The German DAX and French CAC both lost 0.4%. In the UK, the FTSE 100 ended 0.7% lower.

European government bonds fell. 10-year German bund yields rose 6bp to 3.00% while 10-year French bond yields climbed 8bp to 3.63%. In the UK, 10-year gilt yields gained 9bp to 4.90%.

Asian stock markets traded mixed on Monday, with tech-heavy markets gaining on continued AI optimism. Korea’s Kospi surged 3.7% to hit a fresh record high, while Japan’s Nikkei 225 added 0.9%. Elsewhere, Hong Kong’s Hang Seng rebounded 0.9% as China’s Shanghai Composite slipped 0.3%. India’s Sensex fell 0.7%.

Crude oil prices rose on Monday. WTI crude for July delivery settled 5.5% higher at USD92.2 a barrel.

Key Data Releases and Events

Releases yesterday

US ISM Manufacturing Index rose to 54.0 in May, from 52.7 in April, remaining in expansionary territory.

Releases due today (2 June 2026)

In the US, JOLTS Job Openings should remain range-bound with low hiring offset by low firing.

In the Eurozone, headline CPI inflation is set to rise on elevated energy prices, and the core measure may begin to show second-round effects.

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