Kuwait's Ministry of Health said an Iranian attack on Kuwait injured at least 63 people.

Inner Mongolia Party Secretary Wang Weizhong and regional government chairman Bao Gang met Huawei SVP Ren Shulu in Hohhot on June 2, urging Huawei to deepen strategic cooperation with the region and accelerate construction of a Huawei Cloud data center. Officials asked Huawei to expand investment in green computing, AI, tech innovation and data trading, and to promote deeper integration of industrial, innovation, supply and talent chains to support new productive forces and high-quality growth. They pledged continued improvements to the business environment to facilitate Huawei and other companies' investment.

Natalia Lipichina, JP Morgan's head of equity strategy for EMEA, said a US earnings "supercycle"—fueled by heavy mega‑cap investment and advances in AI agent technology—will drive equities to fresh highs. The bank has raised its S&P 500 earnings outlook and now forecasts 20% earnings growth in 2026; the current reporting season shows S&P 500 earnings growth at a five‑year high, led by mega‑cap tech. JP Morgan said the upgrade reflects confidence that earnings growth will be more durable than in a typical economic cycle.