Investment Daily: US stocks edged higher, while Treasuries were mixed

3 June 2026

US stocks closed modestly higher on Tuesday. The S&P 500 added 0.1%, with Info Tech and Utilities outperforming, while Communication Services lagged.

US Treasuries pared early gains following upbeat jobs data to close mixed and little changed. 10-year yields ended down 1bp at 4.44%, while 2-year yields edged up 1bp to 4.04%.

European stocks rose on Tuesday, led by the tech sector. The Euro Stoxx 50 increased 1.2%. The German DAX was up 0.5% and the French CAC rose 0.8%. In the UK, the FTSE 100 increased 0.3%.

European government bonds traded higher (yields fell), despite a marginally stronger-than-expected eurozone core inflation release. 10-year German bund yield fell 3bp to 2.97%, while 10-year French bond yields were down 4bp to 3.59%. In the UK, 10-year gilt yield fell 4bp to 4.86%.

Asian stock markets mostly rose on Tuesday, with geopolitical developments remaining in focus. Japan’s Nikkei 225 slipped 0.3%, while Korea’s Kospi ended a volatile session up 0.1%. Hong Kong’s Hang Seng advanced 2.5% on the strength of tech shares, alongside a 0.4% gain in China’s Shanghai Composite. Elsewhere, India’s Sensex closed 0.5% higher.

Crude oil prices climbed further on Tuesday. WTI for July delivery settled 1.7% higher at USD93.8 a barrel. 

In the eurozone, headline inflation rose to 3.2% yoy in May compared to 3.0% yoy in April, in line with the market consensus. The core rate increased to 2.5% yoy in May, from 2.2% yoy in April.   

In the United States, JOLTS job openings increased to 7.62 million in April, from a revised 6.89 million in March, above market expectations.

In the United States, the ADP employment measure is expected to rise by 120k in May, from 109k in April. Meanwhile, the ISM services index should edge higher in May.