Global Stocks Steady as AI Boom Drives Demand Amid Oil Price Rise

AI Summary

Global stocks remained near record highs driven by an AI boom, despite recent military strikes in the Gulf, raising tensions but not significantly impacting market optimism. Brent crude futures increased by nearly 3.3% to $94.12 a barrel, influencing a selloff in government bonds amid expectations of rising interest rates. The S&P 500 and Nasdaq futures both rose by 0.3%, maintaining momentum from their previous record highs. Additionally, South Korea's exports hit a record $87.75 billion in May, marking the strongest annual growth in over four decades, highlighting robust demand in the AI sector.