📈 Market Highlights

• U.S. Markets: The S&P 500 concluded May with a 6.2% gain, marking its best May performance since 1990. Financial Samurai+1Investopedia+1
• UK Markets: London’s FTSE 100 rose by 0.6%, while the FTSE 250 edged up 0.1%, closing the week on a positive note. Share Talk

💳 Financial Policy Updates

• India’s Financial Changes: Effective today, new credit card rules and free Aadhaar updates have been implemented. ET Now
• Canara Bank’s New Policy: Canara Bank has abolished the minimum balance requirement for all savings accounts starting June 1. Moneycontrol

🏦 Banking & Savings

• High-Yield Savings Rates: Top high-yield savings accounts are offering up to 4.3% APY. Yahoo Finance+1Yahoo Finance+1
• CD Rates: Certificates of Deposit (CDs) are providing rates up to 4.25% APY. Yahoo Finance+2Yahoo Finance+2Yahoo Finance+2
• HELOC Rates: Home Equity Line of Credit (HELOC) rates have decreased again today. Yahoo Finance

🌍 Global Economic Developments

• U.S.-EU Trade Talks: President Trump has delayed the imposition of a 50% tariff on European Union imports until July 9, providing additional time for trade negotiations. Reuters
• China-U.S. Tensions: Escalating tensions between China and the U.S. are impacting the crypto market, with stocks like Coinbase Global (COIN) dipping by 2.1%. Blockchain News
• Turkish Economic Turmoil: Following political unrest, the Turkish lira dropped by 12.7%, and the BIST 100 index fell by 8.72%. Wikipedia

🧾 Earnings Outlook

This week, 124 companies are scheduled to release earnings reports, with a focus on sectors like technology and consumer goods. readthejoe.com