Bank Syz Ltd
June 1, 2026
Equity Weekly
Weekly UpdateEquitiesCommoditiesMacro Economic IndicatorsInformation TechnologyEnergy
Global equities rallied 2.2% during late May 2026 as strong earnings and a software sector breakout offset high US inflation and geopolitical tension.
Key Takeaways
- 1.Global equity markets advanced broadly (+2.2%), driven by technology and a significant rally in South Korean equities (+9.9%).
- 2.AI-driven demand is broadening from hardware/semiconductors (Dell +33%) into the software sector (Snowflake +35%).
- 3.Geopolitical optimism regarding a 60-day US-Iran ceasefire extension helped markets look past high US inflation data.
Table of Contents
- The Chart of the Week
- Magnificent SOX
- What happened last week?
- Global markets
- US
- Europe
- Rest of the world
- Our view on equities
- Equity asset class
- Earnings
- Valuation
- Risks
- Disclaimer
- Welcome to Syzerland®
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Authors
Syz Equity Research
Securities
MSCI AC WorldDELLSNOWSOXSamsung ElectronicsEMQQ
Themes
AI trade broadening from hardware to softwareMarket breadth and participationGeopolitical risk mediation
Regions
North AmericaAsia PacificEuropeUnited StatesSouth KoreaJapan