The initial jobless claims in the United States for the week ending on May 30th were 225,000, compared to the expected 213,000.

June 4th – Fitch Ratings said in its latest Global Economic Outlook report that the oil crisis triggered by the U.S.-Iran war is weighing heavily on global growth prospects. As a result, Fitch has downgraded its 2026 global growth forecast by 0.2 percentage points to 2.4%. High inflation is squeezing real wages, crimping consumer spending, and pushing up corporate input costs, leading to downward growth revisions across multiple economies. However, AI-related IT investments are showing stronger momentum than anticipated, acting as a buffer for global economic activity and supporting world trade and Asian exports. The Strait of Hormuz has been closed for 14 weeks, and Fitch expects it to only start reopening in July. The rating agency has raised its 2026 Brent crude oil average price forecast from $70 per barrel (as of March) to $87. While this oil shock is a significant headwind for global growth, Fitch’s baseline outlook is far less severe than during the 1970s oil crisis. The Fede

On June 4, data from Bitget showed that the Philadelphia Semiconductor Index fell more than 5%. Micron Technology (MU.O) plunged over 8%, breaking below the $1,000 mark; Broadcom (AVGO.O) extended its decline to nearly 16%, Arm (ARM.O) dropped more than 8%, AMD (AMD.O) slid over 7%, Qualcomm (QCOM.O) fell more than 4%, and Intel (INTC.O) slipped over 3%.

June 4: Per HTX market data, Bitcoin has bounced back to break through $64,000, with its 24-hour drop narrowed to 4.2%.

June 4 – Data from Bitget shows optical communication stocks were broadly lower at the opening bell of U.S. stock markets. Following Ciena’s earnings release, the company plunged nearly 16%. Peers in the space posted notable declines as well: POET fell almost 7%, Lumentum dropped roughly 6%, II-VI and Nokia each slid more than 5%, and Corning retreated over 4%.

On June 4, Jupiter announced the launch of Jupiter Forecast, a product for market makers it’s billed as Solana’s first fully native prediction market. For end users, Forecast will integrate with Jup Predict, bringing an additional liquidity model to deliver better prices and execution efficiency. Instead of trading through a single liquidity pool, users can now source their trades from multiple competing market makers. Any Prop AMM with an active market quote will automatically pair with the market maker offering the most favorable price. Jupiter emphasized it will continue collaborating closely with Polymarket and maintain support for its markets, clarifying Forecast is just an extra liquidity option for users. Moreover, each market on Forecast will have its own native token to simplify partner integrations and boost composability within the Solana ecosystem. The platform added that Forecast will launch initially with 15-minute crypto markets, with plans to expand to other timeframes

On June 4, data from Coinglass shows global crypto liquidations surged to $1.787 billion in the past 24 hours. Long liquidations accounted for $1.517 billion of that total, while short liquidations came to $269 million. A total of 296,488 traders were liquidated worldwide over the same period. The single largest liquidation was a $16.1984 million BTC-USD position on Hyperliquid.