Global equity markets got a lift Tuesday as investor excitement around artificial intelligence reinvigorated tech sectors, especially in Asia, while gold broke to fresh highs ahead of anticipated U.S. rate cuts. The EURO STOXX 600 nudged higher, with German and French shares adding modest gains alongside broader optimism for future monetary easing.
Nvidia grabbed headlines with an ambitious plan to commit up to $100 billion to OpenAI, signaling an aggressive push toward AI infrastructure, with hardware deliveries expected to begin in the latter half of 2026. That announcement fueled gains in tech stocks worldwide. In Asia, markets surged: Taiwan and South Korea posted strong monthly returns, and Japan—despite being on holiday—was also delivering solid gains for the month. Chinese blue-chips recouped earlier losses, though their momentum remains mixed.
A major story in commodities was gold’s dramatic climb. The metal jumped to new peaks, up almost 9% for the month, as investors sought shelter in safe havens amid uncertainty and as bets increased on future rate cuts from the U.S. Federal Reserve. European bond yields rose slightly, particularly in Germany where recent business activity data pointed to faster growth, reinforcing expectations that central banks will tread carefully in adjusting rates.
Currency markets showed the dollar swinging, reflecting global macro jitters, and oil prices slipped a bit amid supply-demand doubts. All eyes now turn to what Federal Reserve Chair Jerome Powell will say: his upcoming remarks could be the tipping point for markets trying to balance bullish momentum from AI with concerns about inflation, policy risk, and whether rate reductions are truly in sight.
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