Global stock markets plunged into the red.

Global stock markets fell across the board on June 3rd as hopes for a peace deal in the Middle East faded.

Investor sentiment was further dampened by pessimistic warnings from the Organization for Economic Cooperation and Development (OECD) about the risk of an economic recession, along with speculation about the Federal Reserve's next move in the fight against inflation.

Stock exchange in New York, USA. Illustration photo: THX/TTXVN

In the US, major Wall Street indices all declined. Specifically, the Dow Jones Industrial Average fell 1.2% to 50,687.07 points. The S&P 500 dropped 0.7% to 7,553.68 points, while the Nasdaq Composite technology index declined 0.9% to 26,853.98 points.

In Europe, London's FTSE 100 index fell 0.4% to 10,332.30 points. Paris's CAC 40 index dropped 0.7% to 8,150.42 points, and Frankfurt's DAX 30 index declined 1.3% to 24,795.94 points.

The biggest pressure on the stock market right now comes from the risk of slowing growth. In an updated report published on June 3rd, the OECD warned that global economic growth is expected to slide to 2.8% this year, even in the most optimistic scenario where energy exports from the Gulf recover to pre-conflict levels by the third quarter.

Stefano Scarpetta, chief economist of the OECD, emphasized that the longer the disruption lasts, the greater the economic and social damage. Notably, the OECD warned that many countries are on the brink of recession. The decline in investment, including capital flowing into the "energy-intensive artificial intelligence (AI) sector," risks driving unemployment rates higher. This information immediately impacted investor sentiment, leading to increased selling pressure on stock exchanges.

Besides geopolitical risks, the market is closely monitoring US economic indicators. A rare bright spot that helped ease the sell-off from risky assets like stocks was the latest report showing continued expansion in the US services sector in May 2026, while private sector job growth exceeded expectations.

However, these positive data are a double-edged sword. Investors are now awaiting the comprehensive US jobs report to be released on June 5th. These figures will be crucial in determining whether the Fed will continue to keep interest rates unchanged, or even consider raising borrowing costs to curb persistent inflationary pressures. Prolonged high interest rates will directly reduce corporate profit margins and diminish the attractiveness of the stock market.

In Vietnam, the VN-Index fell 7.46 points (0.41%) to 1,819.01 points, while the HNX-Index rose 2.69 points (0.85%) to 317.48 points.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-the-gioi-chim-trong-sac-do-20260604074727800.htm