Key News
1. US non-farm payrolls increased by 172,000 in May, exceeding market expectations of 85,000.
2. The market is currently pricing in a Federal Reserve rate hike before the end of January next year, with the expected timeframe before the non-farm payrolls release being before the end of March next year.
Individual Stock News
1. Nokia (NOK.N) issued €500 million in senior unsecured notes.
2. According to Business Insider: Google (GOOG.O) is quietly laying off employees in its cloud division.
3. Market news: Turkey has launched an antitrust investigation into Meta Platforms (META.O).
4. Jensen Huang: SK Hynix, Samsung, and Micron have received certification and will begin mass production of the latest AI memory.
5. Lululemon (LULU.O) reported first-quarter revenue of $2.5 billion. The company expects full-year revenue to be $11 billion to $11.15 billion, up from its previous forecast of $11.35 billion to $11.5 billion.
6. Hitachi: Announces strategic collaboration with Intel (INTC.O) to drive AI transformation in key industries. Hitachi will deploy the HMAX energy system at Intel's factory, and Intel will supply Hitachi with high-voltage silicon chips.
