Global Stocks Hit Record as SK Hynix, Micron Soar | Daybreak Europe 05/27/2026

Summary

Global stocks hit a record high driven by a rally in memory chipmakers SK Hynix and Micron, which both entered the $1 trillion market cap club. Geopolitical tensions in the Middle East showed signs of easing, pushing oil prices lower. The ECB is expected to hike in June and September to counter inflation risks, while the Bank of England is seen as more likely to cut. A UBS economist discusses European economic outlook and central bank policy.

• SK Hynix and Micron passed $1 trillion market cap on AI-driven memory chip demand.
• Global equities, particularly Asian stocks, hit record highs fueled by chip sector momentum.
• Oil prices dipped as US touted progress in Iran peace talks despite ongoing uncertainty over the Strait of Hormuz.
• ECB is widely expected to raise rates in June and September due to second-round inflation risks.
• Bank of England is viewed as more likely to cut rates next, given looser labor market.
• Phil Dudley warned the Fed may be losing credibility and real rates may be higher than appreciated.
• European car sales rose for a third month, with EVs and hybrids gaining share.