Daily Digest — 2 Jun 2026

Alphabet’s announcement to raise \(80 billion through stock sales dominated markets today, with the tech giant citing unprecedented demand for its AI solutions that exceeds current supply capacity. The massive fundraising drive, which includes a \)10 billion investment from Warren Buffett’s Berkshire Hathaway, underscores how AI infrastructure demands are reshaping corporate finance strategies. US stock markets reached new records before futures slipped slightly, while HPE soared 30% on strong AI server revenue growth.

Cryptocurrency markets retreated as Bitcoin fell 3.8% to \(70,608, weighed down by [Strategy's disclosure of bitcoin sales](https://www.coindesk.com/markets/2026/06/02/bitcoin-slide-to-usd70-000-as-stocks-pause-and-strategy-s-btc-sale-weighs-on-crypto) in late May. The timing of the sale has sparked disputes among Polymarket bettors, highlighting how corporate crypto holdings increasingly influence market sentiment. Gold gained 0.9% to \)4,546 as investors sought traditional safe havens, while oil declined 1% to $91.24.

Geopolitical tensions remained elevated as IAEA Director Rafael Grossi stated that any future Iran nuclear agreement would look “very different” from the 2015 deal, suggesting fundamental shifts in nuclear diplomacy. Meanwhile, Russian strikes across Ukrainian cities killed at least ten people, with apartment buildings hit in Kyiv as the conflict continues to impact regional stability.

In the UK, newly released documents revealed Lord Mandelson’s criticism of Downing Street operations, describing the government as “beleaguered and bereft” in private messages that have sparked political controversy.