<div id="readability-page-1"><div> MARKET WRAPS Watch For: Manufacturing PMI for EU, U.K., France, Germany, Italy; EU unemployment, monetary developments in the euro area; U.K. Nationwide house price index; no major trading updates expected Opening Call: European stock futures were little moved with a negative bias. Asian stock benchmarks mostly advanced; the dollar and Treasury yields edged higher; oil gained and gold fell. Equities: Stock futures in Europe were little changed with a negative bias and oil prices gained early Monday amid a lack of progress on the Iran war as it enters its fourth month. President Donald Trump told Fox News in an interview that aired Saturday that the U.S. was &#34;close to a very good deal,&#34; but suggested a potential return to fighting as an alternative. Iranian Parliament Speaker Mohammad Ghalibaf said Sunday there would be no deal unless Iran's rights were secured. Meanwhile, Israeli forces pushed deeper into Lebanon, capturing the strategic high ground of Crusader castle in response to Hezbollah's recent drone attacks which killed Israeli soldiers and forced civilians to seek shelter. The intensified hostilities could put the U.S.-Iran negotiations at risk. Tehran has made an end to fighting between Israel and Lebanon one of its conditions for a deal. &#34;Market participants seem eager to price in a resolution to the Strait of Hormuz situation but a potential deal to get to that outcome remains elusive after seven weeks of negotiations,&#34; said Amarpreet Singh at Barclays' Commodities Research. Forex: The U.S. dollar gained slightly as investors continue to track developments in the Middle East. &#34;Optimism remained that a path to an interim 60-day agreement [between the U.S. and Iran] would be found,&#34; NAB's Taylor Nugent said. However, &#34;nothing has been finalized and headlines this morning suggest dialogue is ongoing.&#34; The markets' focus &#34;remains on the still elusive deal between the U.S. and Iran,&#34; the senior economist added. Bonds: U.S. Treasury yields edged higher. The 30-year Treasury yield recently hit about 5.2%-its highest level since mid-2007-and is still hovering around 5%. Yields are now up for three straight months, and it's the biggest three-month gain since December 2024, according to Dow Jones Market Data. &#34;A 10-year yield above 4.5% is going to be attractive to a lot of investors,&#34; said Jason Vaillancourt, chief portfolio strategist with Columbia Threadneedle Investments. &#34;The Fed is gun shy and will rather err on side of doing nothing and leaving things stable,&#34; said Anna Rathbun, CEO of Grenadilla Advisory. &#34;The recent bond yield spike may have been overdone and is now correcting itself slightly. But long rates should remain higher for longer for the foreseeable future.&#34; Energy: Oil prices climbed early Monday amid concerns that Israel's expanded military invasion of Lebanon could complicate a potential reopening of the critical Strait of Hormuz. &#34;The Strait of Hormuz remains closed, disrupting more than&#34; 15 million barrels per day of the world's oil supply,&#34; ANZ Research analysts said. &#34;The number of vessels taking on the risky transit has increased in recent weeks, but several have come under attack in recent days, underscoring the risks that remain for ship owners and crew,&#34; the analysts added. Metals: Gold prices edged down at the start of the week as markets await signs of progress in U.S.-Iran negotiations. The major disagreements between the U.S. and Iran remain unresolved and military frictions near the strait are stoking geopolitical risk premiums in markets, Guoxin Futures analysts said. The dollar and Treasury yields continue to fluctuate at elevated levels, leaving precious metals without a clear directional catalyst. -- Copper rose amid tight global supplies. The world's top copper producer, Chile, posted its lowest production for the month of April in 23 years, reinforcing expectations of tight global supplies, ANZ Research analysts said. The new chairman of the state-owned copper miner Codelco signaled that it will shift toward profitability over production volume, according to ANZ. Meanwhile, the disruption of supplies from the Persian Gulf has put at risk around 20% of global copper supply. -- Iron ore futures declined. Prices are facing some pressure from ample supply, said Nanhua Futures analysts. Global iron ore shipments increased significantly on a sequential basis, primarily driven by higher volumes from Australia, they said. TODAY'S TOP HEADLINES Former Fed Chair Powell Delivers a Pointed Warning, Wrapped in Abstraction In a speech that dwelled on lofty civic themes, former Federal Reserve Chair Jerome Powell grew conspicuously specific about one thing on Sunday night: that the central bank cannot survive if any administration finds a way to remove its officials over policy disagreements. Powell, now a Fed governor, accepted an award recognizing political courage from the family of former President John F. Kennedy at a ceremony in Boston. Speaking in generalities about institutions, the rule of law and the inheritance of American democracy, he named no president and aired no specific grievance. Israel Captures Crusader Castle as It Expands Invasion of Lebanon Israel expanded its military invasion of Lebanon, moving deeper into the country and capturing the strategic high ground of a historic Crusader castle it hadn't held for a quarter of a century, as it hit back at Hezbollah following drone attacks that have killed its soldiers and sent Israeli residents running to shelters. The escalation is piling more pressure on Lebanon's fragile government and complicating negotiations between the U.S. and Iran, which has made an end to fighting on that front one of its conditions for a deal. But Israeli Prime Minister Benjamin Netanyahu has come under heavy pressure from critics who say he has allowed the U.S. to tie his hands in fighting the militant group. Trump Wants Minerals, Health Data for Aid. African Nations Are Pushing Back. A handful of African nations are rejecting American health aid, outraged by the Trump administration's demands for access to private health records and even minerals in exchange for lifesaving medicine. A year after President Trump reversed decades of American policy toward poor countries and closed the U.S. Agency for International Development, some African governments are bridling at the conditions he has set for resuming funding to combat AIDS, tuberculosis and malaria. Berkshire Hathaway to Buy Home Builder Taylor Morrison for $6.8 Billion Berkshire Hathaway agreed on Sunday to buy home builder Taylor Morrison Home Corp. for $6.8 billion in cash. The deal is one of the first big moves by CEO Greg Abel, who succeeded Warren Buffett as chief executive in January. A Chinese-Owned British Car Legend Pitches a Complicated U.S. Comeback Britain's Lotus is known for its lightweight sports cars, its appearances in James Bond films, and its many brushes with financial collapse. Now, Lotus is attempting to mount a comeback unlike any in its 74-year history. Backed by a Chinese parent company in Zhejiang Geely Holding Group, which also owns Volvo Cars, Polestar and other brands, Lotus's future rides on a plan to build out new hybrid and electric sports utility vehicles and sedans, in addition to more gas-powered sports cars. SoftBank to Plow $52 Billion Into French Data Centers PARIS-SoftBank Group is promising to spend at least $52 billion on building a network of massive data centers in France, helping advance Europe's goal of tech independence with what would be the continent's largest artificial-intelligence infrastructure project. Write to singaporeeditors@dowjones.com Expected Major Events for Monday 05:00/NED: May Netherlands Manufacturing PMI 06:00/DEN: Apr Central Government Finance &amp; Debt 06:00/GER: Apr Retail Trade 06:00/UK: May Nationwide House Price Index 06:30/SWI: Apr Retail Sales 06:45/FRA: Apr Housing starts 07:00/TUR: 1Q GDP 07:00/SWI: 1Q GDP 07:00/TUR: May Turkey Manufacturing PMI 07:00/POL: May Poland Manufacturing PMI 07:15/SPN: May Spain Manufacturing PMI 07:30/CZE: May Czech Republic Manufacturing PMI 07:30/SWI: May procure.ch Purchasing Managers' Index 07:45/ITA: May Italy Manufacturing PMI 07:50/FRA: May France Manufacturing PMI 07:55/GER: May Germany Manufacturing PMI 08:00/EU: Apr Monetary developments in the euro area (M3) 08:00/POL: 1Q GDP 08:00/EU: May Eurozone Manufacturing PMI 08:30/UK: May S&amp;P Global UK Manufacturing PMI 09:00/POR: Apr Retail trade 09:00/POR: Apr Industrial production index 09:00/EU: Apr Unemployment 16:59/NOR: 1Q Credit Indicator C3 16:59/AUT: May Unemployment figures All times in GMT. Powered by Onclusive and Dow Jones. Write to us at newsletters@dowjones.com We offer an enhanced version of this briefing that is optimized for viewing on mobile devices and sent directly to your email inbox. If you would like to sign up, please go to https://newsplus.wsj.com/subscriptions. This article is a text version of a Wall Street Journal newsletter published earlier today. <pre></pre> (END) Dow Jones Newswires June 01, 2026 00:15 ET (04:15 GMT)Copyright (c) 2026 Dow Jones &amp; Company, Inc.</div></div>

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EMEA markets opened with a negative bias as oil prices rose due to stalled U.S.-Iran negotiations and escalating Middle East tensions. European stock futures remained flat, while the U.S. dollar and Treasury yields edged higher. Gold dipped amid geopolitical uncertainty, whereas copper gained on tight supply concerns from Chile. Meanwhile, former Fed Chair Powell warned against political interference in central bank independence.

MorningStar

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Kinross Gold

ZHONGJIN GOLD

Zijin Mining

Newmont

JCCL

 BHP Group Ltd

Antofagasta plc

BHP Group Plc

Teck Resources B

Occidental Petroleum

Freeport Mcmoran

Rio Tinto

Agnico Eagle Mines

SD-GOLD

Southern Copper

Hudbay Minerals

ERO Copper

Rio Tinto Limited

Gold.com

Abrdn BBG All Commodity Strategy K-1 Free ETF

ISHRS S&P Gsci Cmdty

Invesco Optimum Yield Div Comm Strategy K-1

Invesco DB Commodity Index Tracking Fund

Direxion Daily Gold Miners Bull 2X

SPDR Gold Shares

GTJA Allianz SSE Bulk Commodity ETF

Invesco DB US Dollar Index Bullish Fund

EFUND GOLD MI ETF

VanEck Vectors Junior Gold Miners UCITS ETF

ISHRS MSCI Glb Slct Met & Mining

Pro Ultr Bloomberg Crude Oil

Sprott GLD Miners Etf

Global X Silver Miner

United States Oil Fund LP

United States Copper Index

Direxion Daily Jr Gold Miners Bear 2X

Microsectors Gold Miners 3x Leveraged ETN

iShares Gold Trust

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

EFUND GOLD MI-U

iShares Copper and Metals Mining ETF

VanEck Vectors Gold Miners UCITS ETF

iShares US Oil & Gas Expl & Prod

Direxion Daily Jr Gold Miners Bull 2X

Pro Ultr GLD

F SAMSUNG OIL

SPDR Gold Minishares

Sprott JR Gold Miners ETF

SPDR S&P Mtls & Mng

EFUND GOLD MI-R

VG Energy

ChinaAMC Gold ETF

Wtree Bbg Usd Bull

YieldMax Gold Miners Opt Inc Strgy ETF

GLOBAL X Gold Explorers

Penghua Guozheng Non-ferrous Metal Industry ETF

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

Sprott Copper Miners ETF

SPDR O&G Equip

VanEck Junior Gold Miners ETF

Sprott Junior Copper Miners ETF

VanEck Oil Refiners ETF

SPDR Energy Select

Invesco Db Dlr Idx Bearish ETF

Van Eck Associates Corp.

SPDR O&G Ex & Prd

Yinhua CSI Non-ferrous Metal ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

F GX OIL

Us Gbl GLD & Met

Guotai CSI Non-ferrous Metal ETF

ISHRS S&P Glb Engy

China Southern CSI SWS Non-Ferrous Metal ETF

Roundhill Gold Miners Weeklypay ETF

Hwabao WP CSI Non-ferrous Metal ETF

ETFS Capital Ltd.

iShares US Oil Equip & Svcs

Us Brent Oil

Global X Copper Miners

VanEck Oil Services ETF

VanEck Gold Miners ETF

Direxion Daily Gold Miners Bear 2X

Harbor Commodity All Weather Strategy ETF

iShares MSCI Global Gold Miners

Abrdn Gold ETF Trust

Invesco DB TR Base Metals ETF

Barclays

National Australia Bank Limited

National Australia Bank (NAB)

Australia and New Zealand Banking Group Limited

ZX Packing Group

ANZ Group Holdings Limited

EMEA Morning Briefing: Oil Prices Gain as U.S.-Iran Deal Remains Elusive