Market Overview - The three major U.S. stock indices recorded gains this week, with the Dow Jones up 3.41%, S&P 500 up 5.27%, and Nasdaq up 7.15% [1] - Moody's downgraded the U.S. credit rating from AAA to AA1, citing increased government debt, which is projected to reach 134% of GDP by 2035, and a federal deficit expected to hit 9% of GDP by the same year [1] European and Asian Markets - European indices showed positive movement, with Germany's DAX30 up 0.35%, UK's FTSE 100 up 0.58%, and France's CAC40 up 0.42% [2] - In Asia, the Nikkei 225 index slightly declined, while the KOSPI index in South Korea rose by 0.21% and Indonesia's composite index increased by 0.94% [2] Currency and Commodities - The U.S. dollar index rose by 0.21%, closing at 101.092, with the euro and pound both declining against the dollar [3] - Spot gold fell by 1.21% to $3200.00 per ounce, with a weekly decline of 3.72% [3] - Brent crude oil increased by $0.88 to $65.41 per barrel, while WTI rose by $0.87 to $62.49 per barrel, both showing weekly gains exceeding 2% [4] Macro Economic Indicators - U.S. consumer confidence slightly decreased by 1.4 points after four months of significant declines, with nearly 75% of consumers mentioning tariffs as a concern [5] - One-year inflation expectations in the U.S. rose to 7.3% in May, up from 6.5% the previous month, indicating growing concerns about inflation among consumers [6] Corporate Developments - Supermicro (SMCI.US) announced a strategic partnership with DataVolt to build a large-scale AI campus in Saudi Arabia, aiming to enhance local digital transformation and technology innovation [8] - Charter Communications (CHTR.US) and Cox Communications have reached a merger agreement, valuing Cox at approximately $34.5 billion, with plans for the merged entity to retain the Cox name [9]