Overnight US stocks | The three major indexes fell, while both the U.S. and Brent oil prices rose more than 4.5%. Dell Technologies, Inc. Class C (DELL.US) surged over 7%.

On Tuesday, the three major indexes closed lower as the market continued to focus on the latest developments in the Middle East situation. After the closing of the U.S. stock market, there were reports indicating that the United States may soon announce a one-month ceasefire for the Iran war. According to reports, two officials familiar with diplomatic matters revealed that the United States has conveyed a 15-point plan to Iran aimed at ending the Middle East war. This reflects the Trump administration's urgency to find a way to end the conflict in response to its economic impact. In the U.S. stock market, as of the close, the Dow Jones Industrial Average fell 84.41 points, or 0.18%, to 46124.06; the Nasdaq fell 184.87 points, or 0.84%, to 21761.89; and the S&P 500 fell 24.63 points, or 0.37%, to 6556.37. Dell Technologies, Inc. Class C (DELL.US) rose over 7%, Super Micro Computer, Inc. (SMCI.US) rose 3%, and Circle (CRCL.US) fell 20%. The Nasdaq China Dragon Index fell 0.4%, while Li Auto, Inc. Sponsored ADR Class A (LI.US) rose over 3%. In European stocks, the German DAX30 index rose 14.20 points, or 0.06%, to 22609.45; the UK FTSE 100 index rose 60.23 points, or 0.61%, to 9954.38; the French CAC40 index rose 17.72 points, or 0.23%, to 7743.92; the Euro Stoxx 50 index rose 1.64 points, or 0.03%, to 5575.96; the Spanish IBEX35 index rose 0.81 points, or 0.00%, to 16889.01; and the Italian FTSE MIB index rose 132.70 points, or 0.31%, to 43322.50. In the cryptocurrency market, Bitcoin fell 0.92% to $70,121.42, while Ethereum remained stable at $2,150.38. In the oil market, the price of light crude oil futures for May delivery on the New York Mercantile Exchange rose $4.22 to close at $92.35 per barrel, a 4.79% increase; the price of Brent crude oil futures for May delivery in London rose $4.55 to close at $104.49 per barrel, a 4.55% increase. The U.S. dollar index, which measures the dollar against six major currencies, rose 0.48% to close at 99.431 in the foreign exchange market. At the close of the New York foreign exchange market, 1 euro exchanged for $1.1569, down from $1.1607 on the previous trading day; 1 pound exchanged for $1.3366, down from $1.3425 on the previous trading day. 1 dollar exchanged for 159.14 yen, up from 158.45 yen on the previous trading day; 1 dollar exchanged for 0.7918 Swiss francs, up from 0.7865 Swiss francs on the previous trading day; 1 dollar exchanged for 1.3783 Canadian dollars, up from 1.3719 Canadian dollars on the previous trading day; and 1 dollar exchanged for 9.3669 Swedish kronor, up from 9.3095 Swedish kronor on the previous trading day. In the metal market, spot gold rose 1.59% to $4,476.83 per ounce, while spot silver rose over 3% to $71.303 per ounce. In macro news, it was reported that the U.S. plans to implement a one-month ceasefire. According to reports, the United States may soon announce a one-month ceasefire for the Iran war, a mechanism pushed by U.S. Middle East envoys Wittkov and Kushner. Analyst Eamonn Sheridan of Investinglive website said that this news may mean a reduction in short-term political risks for GEO Group Inc. The reaction of the energy market reflects the trend of removing some of the war risk premiums. The drop in oil prices reflects the sensitivity of the energy market to any signs of a cooling of regional tensions (even if temporary). While such a long ceasefire may not necessarily resolve wider conflicts, it signals a reduction in hostile actions in the short term, thereby reducing the risk of disruption to energy infrastructure and shipping routes in the region. For traders, the key is that oil prices have always carried a significant risk premium associated with escalating tensions. Any reports suggesting that the conflict may be formally suspended could prompt the market to quickly reprice, especially in a situation where positions are biased towards supply risk concerns. This situation seems to be the case, but the sustainability of this trend may depend on whether there is official confirmation following the report, and whether the proposed ceasefire mechanism can receive clear support from the relevant parties. Currently, this news points to an ongoing process rather than a completed agreement. Therefore, the market will continue to closely monitor developments, including official statements, statements from U.S. officials, and any response from the other party. Iran says "non-hostile ships" can pass through the Strait of Hormuz after coordination with Iran. According to reports, Iran has issued a letter to member countries of the International Maritime Organization, stating that "non-hostile ships" can pass through the Strait of Hormuz after "coordination with Iranian authorities". In a letter distributed to member countries of the International Maritime Organization on Tuesday, the Iranian Foreign Ministry stated that Iran has "taken necessary and proportionate measures to prevent aggressors and their supporters from carrying out hostile actions against Iran through the Strait of Hormuz." Currently, about 3,200 ships are stuck in the Persian Gulf, and at least 22 ships have been attacked by Iran since the conflict broke out. The International Maritime Organization held an emergency meeting last week, and the organization is negotiating to establish a humanitarian corridor to allow severely undersupplied ships to leave the Persian Gulf. Recent ship tracking data shows that Iran is allowing a small number of ships to pass through a route within its territorial waters. Analysts believe that this route allows Iranian authorities to verify the identity of ships before allowing them to pass through. Goldman Sachs Group, Inc.: If Iran war impacts economic growth, the strength of the U.S. dollar will diminish. Goldman Sachs Group, Inc. foreign exchange strategists stated that if the focus of currency and bond markets shifts from the inflation consequences of the conflict to growth concerns, the rally of the U.S. dollar since the outbreak of the Iran war may slow down. Isabella Rosenberg, a foreign exchange strategist at Goldman Sachs Group, Inc., wrote in a report on Tuesday, "While the market has largely seen the oil shock as an inflation and terms of trade event, if the focus shifts to larger growth downside risks, it may stem the broad appreciation of the dollar against G10 currencies." Analysts said that in a situation where growth concerns lead to tightening conditions led by stocks, the yen and the Swiss franc as safe-haven currencies are likely to appreciate the most against the dollar. The report noted that a focus on growth risks would also lead to a "significant deterioration in the outlook for emerging market currencies." While Goldman Sachs Group, Inc. still believes that the dollar will appreciate against G10 currencies in this scenario, the dollar may struggle to maintain the rapid rise seen in March. Individual Stock News Siri gets AI upgrade and will debut at Apple's global developer conference on June 8. Apple Inc. (AAPL.US) is testing an independent app for its Siri voice assistant and a new "Ask Siri" feature that will be integrated across all its software as part of a larger AI overhaul. According to sources, Apple Inc. is also modernizing Siri by giving it a new look and a chat-like experience similar to Siasun Robot & Automation. The new Siri is planned to debut at Apple Inc.'s global developer conference on June 8 as part of the iOS 27 and macOS 27 operating systems. Arm will sell its own chips for the first time to compete for market share in artificial intelligence. Arm (ARM.US), known for licensing technology to semiconductor manufacturers, will start selling its own chips for the first time to grab a bigger share of the spending on artificial intelligence devices. Arm announced at an event in San Francisco on Tuesday that Meta (META.US) will be the main customer for its AGI CPU chip. The product will have up to 136 cores (a measure of processing power) and consume 300 watts. Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR will be responsible for producing these chips.