Markets reacted negatively to the results of the EP elections – European stock indices fell yesterday. Europe STOXX 600 was down 0.3 percent, and France, which announced early parliamentary elections, spooked the markets – the value of the country's main index CAC 40 fell as much as 1.4 percent.
US shares set new records yesterday – the value of the S&P 500 index increased by more than 0.3 percent and has already risen more than 12 percent since the beginning of the year. Apple continues to fail to interest investors on the AI technology front. At an event yesterday, the tech giant announced the integration of ChatGPT into its iPhone software, but the market's reaction was lackluster, with Apple shares falling over 2 percent. A significant number of analysts believe that companies like Microsoft or Google have advanced further in the field of artificial intelligence and at this moment Apple is just starting to catch up with its competitors.
In Asian trade, Chinese shares stood out as falling (-0.8%). In mid-May, Chinese stock indices managed to recover to the values of last autumn. The markets were somewhat revived by positive primary macroeconomic data, encouraging state fiscal policy and intervention in the markets. However, the country's recovery prospects are still uncertain, and the real estate sector is still struggling. Shares of companies related to the production of electric cars stood out in trade today, market participants hope to receive a decision of the European Commission on tariffs or other restrictions on electric cars from China this week.
