Table of Contents

• Eurozone Inflation

• Nvidia & Microsoft

Top Stories Today

Eurozone Inflation

Eurozone inflation eased to 1.9% in May, dipping below the European Central Bank’s 2% target for the first time this year, driven by a notable decline in services inflation, which fell to 3.2%. Core inflation, excluding volatile items like energy and food, also dropped to 2.3%. The data suggests that April’s rise in services costs was temporary and reinforces expectations that disinflation is continuing. Markets now widely anticipate the ECB will lower interest rates at its upcoming meeting, with the potential for additional cuts in July. However, global uncertainty remains, particularly as U.S. tariff plans could weigh on economic growth and complicate inflation dynamics moving forward.

Nvidia & Microsoft

Nvidia reclaimed its spot as the world’s most valuable public company on Tuesday, surpassing Microsoft after its stock climbed 3% to $141.40, pushing its market valuation to $3.45 trillion. The AI chipmaker’s rapid growth, driven by strong demand for its processors used in advanced artificial intelligence applications, has propelled the stock nearly 24% higher over the past month, despite concerns over export restrictions and tariffs. Nvidia’s recent earnings showed 69% year-over-year revenue growth, with major tech firms like Microsoft, Meta, and Google among its top customers for AI accelerators. The company has now rotated the top market cap position with Microsoft and Apple several times in the past year.

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