America News Agency

According to an analysis by Ikon Menkul, artificial intelligence investments, developments between Iran and the United States, China's strong trade data and expectations regarding the European Central Bank's (ECB) interest rate decision are shaping global markets.

The report noted that OpenAI has confidentially filed for an initial public offering in the United States and aims to reach a $1 trillion valuation by September, driven by growth in the artificial intelligence sector.

On the geopolitical front, comments by U.S. President Donald Trump regarding negotiations with Iran attracted attention. Trump argued that Iran is close to an agreement, while Tehran continues to insist on sanctions relief and access to frozen assets.

The report stated that China's economic data exceeded expectations, with exports rising 19.4 percent and imports increasing 27.4 percent year-on-year in May.

China's trade surplus also rose to $105.43 billion.

In Australia, business confidence showed signs of recovery, although global uncertainties and cost pressures continue to weigh on the economic outlook.

In the automotive sector, the market share of electric and hybrid vehicles in China reached a record 62.9 percent, while total passenger car sales declined on an annual basis.

European markets are focused on the ECB's interest rate decision due on Thursday, with expectations that the central bank will raise its policy rate by 25 basis points to 2.25 percent. Investors are also closely watching the ECB's forward guidance.

In the United Kingdom, retail sales increased by 3.7 percent year-on-year in May due to warm weather conditions, while travel spending continued to decline amid geopolitical concerns.