🌅 NordFX Morning Update | June 4, 2026 🔴 Risk-off across the board as fresh US-Iran military clashes escalate, driving oil sharply higher and rekindling inflation fears. Strong US jobs data adds further pressure by keeping hawkish Fed bets alive. 📉 Wall Street – June 3 close Dow Jones -1.21% → 50,687 S&P 500 -0.74% → 7,554 Nasdaq -0.89% → 26,854 Tech took the hardest hit: Broadcom missed revenue estimates, CrowdStrike guided weak. Six of 11 S&P sectors closed in the red. 🌏 Asian Markets – June 4 Risk aversion spread across the region, tracking Wall Street losses: 🇯🇵 Nikkei 225 -1.74% → ~67,200 (retreat from record 68,402 hit Wednesday) 🇰🇷 Kospi -1.25% 🇭🇰 Hang Seng -0.84% → ~25,256 🇨🇳 CSI 300 / Shanghai -0.43-0.84% 🇦🇺 ASX 200 -1.14% The MSCI Asia-Pacific Index dropped ~1%, ending a four-day record-breaking rally. 🛢 Oil – rising on Middle East risk premium Brent ~$97.78 | WTI ~$94.81 🪙 Gold ~$4,460 – sliding as a stronger dollar and rate-hike expectations weigh on the metal 💵 EUR/USD ~1.1606 ₿ Bitcoin ~$66,700 – crashed below $67K, triggering an estimated $1.8B in crypto liquidations 📊 Key data released June 3 ✅ US ADP Employment (May): +122K – beat forecast of 117K; best result since Jan 2025 ✅ ISM Services PMI (May): 54.5 – beat forecast of 53.8 ➡️ Both prints reinforce the case for the Fed to stay restrictive, or even hike again. 👀 Today's watch: US Initial Jobless Claims 📅 Friday: Nonfarm Payrolls – the key driver for the next Fed decision ⚠️ US-Iran talks remain fragile. Elevated oil, hawkish Fed signals, and Broadcom-led tech weakness are the main headwinds going into the US session. 📈 Trade smart. Stay informed. NordFX