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Golden Ten Data reported on June 4 that data shows Switzerland's May inflation rate was below economists’ expectations, as the strong Swiss franc may be offsetting the impact of high energy costs. The Swiss Federal Statistical Office announced on Thursday that consumer prices in May rose by 0.6% year-on-year, unchanged from the previous month. This report is the final inflation data before the Swiss National Bank’s interest rate decision on June 18, highlighting that inflation remains firmly within the policymakers’ 0-2% target range. Economists currently do not expect any rate changes before 2028, at which point they believe a rate hike will become a reality. In contrast to neighboring Eurozone officials who are preparing for rate hikes, Swiss National Bank President Thomas Jordan remains optimistic about the impact of rising energy prices and reiterated his view on Wednesday that the increase in consumer prices will be temporary.

BlockBeats News, June 4th, According to CNBC, the global market is on the eve of several key events that could break through. With Israel and Lebanon agreeing to a ceasefire, U.S. President Trump stating that a deal with Iran could be reached over the weekend, and SpaceX set to launch the largest IPO in history next week, investors are betting that several significant uncertainties this year are nearing resolution. On the corporate front, SpaceX has officially set the IPO price at $135 per share, corresponding to a valuation of $1.77 trillion, potentially propelling Musk to become the world's first trillionaire. However, CNBC's analysis of 30 large IPOs over the past 15 years shows that newly listed stocks typically experience a significant pullback in the first year. In terms of geopolitics, Israeli Prime Minister Netanyahu stated that Trump had warned Iran that the U.S. could resume full-scale military action if necessary. Despite tactical disagreements between the U.S. and Israel, they generally remain aligned on Middle East strategy. Meanwhile, the U.S. House of Representatives passed a symbolic resolution to restrict the President from continuing military action against Iran without congressional approval. Furthermore, the EU has announced a long-awaited "tech sovereignty" plan aimed at reducing reliance on U.S. and Chinese tech giants, but the plan has been criticized for not being ambitious enough. French President Macron has also invited OpenAI CEO Sam Altman to attend this month's G7 summit. Also reported by CNBC, as the AI frenzy boosts SoftBank's stock price by about 70% year-to-date, the company's market value has surpassed Toyota to become Japan's most valuable company. However, several analysts have warned that while SoftBank has made significant bets on OpenAI and the AI business, its rising debt levels have raised concerns in the market about its liquidity risk.

The US Dollar Index remains oscillating at a high level, awaiting a breakout.