Daily Digest — 1 May 2026

Geopolitical tensions dominated markets as the UK raised its terror threat level to “severe” following a Golders Green attack, while Israel intercepted Gaza-bound aid boats in international waters, drawing international condemnation. Oil held steady near $105 despite regional volatility, while gold retreated slightly as investors weighed safe-haven demand against rising yields.

Apple’s strong earnings provided a bright spot, with 17% revenue growth driven by booming iPhone and Mac demand, though outgoing CEO Tim Cook warned of chip supply constraints from “RAMageddon.” Crypto markets gained momentum with Bitcoin climbing 2% to $77,129 as major investors including Cathie Wood’s Ark doubled down on Robinhood, betting the platform’s crypto slump is temporary.

Political accountability took center stage as US senators unanimously banned themselves from prediction market betting, while Senator Warren questioned Commerce Secretary Lutnick over a Tether loan to his family. In the UK, Tony Blair’s think tank urged scrapping the pension triple lock, calling it unaffordable as local elections approach with women significantly underrepresented as candidates.

Agricultural commodities posted modest gains with wheat up 0.9% amid global food security concerns, while China’s EV price war evolved into an AI arms race as manufacturers rush to integrate smart features.