<div id="readability-page-1">Headlines:<ul><li>Trump: The US is in the middle of final negotiations to end the Iran war</li><li>Israeli military warns that the fighting in southern Lebanon continues</li><li>AI drives tech sector to cut jobs by the most since 2023</li><li>BOJ reportedly expected to raise interest rates later this month - report</li><li>RBA governor Bullock: We expect inflation to increase further in the near-term</li><li>Euro area retail sales fall in April, challenging outlook ahead</li><li>German construction activity experiences another steep rate of decline in May</li><li>UK construction output falls at fastest pace for six years in May</li><li>Swiss inflation holds steadier in May, core estimate remains subdued</li></ul>Markets:<ul><li>WTI crude down nearly 4% to $96.50</li><li>US dollar lower across the board</li><li>European indices mostly higher but US futures down as tech shares drop</li><li>S&amp;P 500 futures down 0.4%, Nasdaq futures down 1.2%</li><li>US 10-year yields down 3 bps to 4.46%</li><li>Gold up 1.6% to $4,501</li><li>Bitcoin down 3.5% to $62,642</li></ul>Another day, another case of the boy who cried wolf. US president Trump once again reaffirmed that a &#34;deal to end the war&#34; is close and once again markets are falling for it hook, line, and sinker.Oil prices are under pressure with WTI crude down nearly 4% to $92.50 on the day. Meanwhile, the US dollar is dropping across the board on renewed optimism in broader markets. EUR/USD is up 0.4% to 1.1640 with USD/CHF down 0.5% to 0.7875 on the day.The movement in the equities space is arguably the most intriguing though. European indices are holding higher for the most part and so are Dow futures, with the latter up 0.8%. However, there's some ugly selling going on in tech shares and that's something to take notice ahead of the Wall Street open later.Nasdaq futures are down 1.2% and that is leading S&amp;P 500 futures to be down 0.4% as well currently. The declines are led by Broadcomm, whose shares are down ~15% in pre-market. And we're also seeing AMD shares be down ~4% and Micron shares down ~7% in pre-market, with Nvidia also down ~1% for now.The AI trade is certainly taking a hit this week as investors start to feel the pinch of the transition in wanting to see the numbers back up the costs. It's a case of show me the money time.In the bond market, we're seeing yields drop back with 10-year Treasury yields down 3 bps to 4.46% and 30-year yields down 3 bps to 4.96% on the day.Meanwhile, precious metals are also moving up with gold sitting higher by 1.6% to $4,501 and silver up nearly 2% to $74.10 on the day.</div>

European markets rose while US tech futures fell amid pressure on AI stocks like Broadcom and AMD. Trump's comments on Iran war negotiations boosted sentiment, lowering oil prices and the US dollar. Meanwhile, European indices gained, bond yields dropped, and gold prices increased.

- The article reports on various economic developments, including President Trump's assertion of nearing a deal to end the Iran war, impacting market sentiments.  
- Oil prices fell by nearly 4%, while European stock indices increased, contrasting with declines in US tech shares, notably in companies like Broadcom and AMD.  
- In the bond market, Treasury yields decreased, and precious metals like gold rose by 1.6% to $4,501.

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investingLive European session wrap: Trump lifts the mood but tech shares under pressure