GLOBAL MARKETS-World stocks rally on AI optimism; jitters over Iran persist
Published on: June 3, 2026, 3:04 a.m. | Source: Devdiscourse
That came after data showed on Monday that U.S. manufacturing beat expectations to hit a four-year high, likely driven by firms front-loading orders amid rising prices and supply concerns linked to the U.S.-Israeli war with Iran. "The jobs data was significantly higher than expected and you would think that it would have boosted rates but they didn't go up," said Gerry Sparrow, chief investment officer at Sparrow Capital Management.
