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Main points of global economic news for May 28

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1. Investors anticipate an appreciation of the US dollar following the change of course in the Fed’s monetary policy: the market expects the US dollar to enter a new bullish phase, with the Federal Reserve (Fed) now focusing its efforts on the fight against inflation. Yields on US government bonds rose sharply due to inflation fears linked to the Iranian conflict, making holding dollars more attractive. The economic power gap between the United States and other regions also supports the dollar’s upward trend. Experts predict further tightening of interest rates by the Fed in the near future, especially if oil prices remain high.

Main points of global economic news for May 28
Dollar américain. Photo : THX/TTXVN

2. Gulf States raise more than $13 billion amid regional conflict: Since the start of the Iran-US conflict, governments and financial institutions in the Gulf region have raised more than $13 billion through private bond issues. Pimco, an American company, is among the main investors, with more than 10 billion dollars injected into the region. This increased need for capital reflects the impact of geopolitical instability on energy markets and the regional economy. At the same time, the United States plans to set up a currency exchange mechanism to support the United Arab Emirates (UAE) in the face of long-term economic difficulties.

3. Electric vehicles are driving the growth of the European automobile market: The European Union (EU) automobile market saw a recovery in the first four months of 2026, with sales up 4.2%. This growth is mainly due to strong demand for electric vehicles, which now represent 19.7% of market share, thanks to the support of government incentive programs. Hybrid vehicles retain the largest market share, while gasoline and diesel vehicles continue to lose ground. The rise of electric vehicles is intensifying competition between traditional European manufacturers and emerging Chinese brands.

Photo caption
Charging station for electric vehicles on rue Dieweg, Uccle district, Brussels (Belgium). Photo: Huong Giang/VNA correspondent in Belgium.

4. The Fed Governor: Inflation is not falling as expected: Lisa Cook, governor of the Federal Reserve, warned that inflation in the United States is not falling as expected and that she is prepared to support an interest rate hike if necessary. She expressed concern about the impact of soaring energy prices and significant investments in artificial intelligence (AI) on prices. The statement comes ahead of the release of the Personal Consumption Expenditures (PCE) price index, which is expected to rise due to rising energy prices. However, Cook still expects inflation to fall without interest rates rising and the labor market to remain stable.

5. Tech CEOs are qualifying their discourse on the risk of AI job losses: leading figures in artificial intelligence (AI), such as Jensen Huang (Nvidia) and Sam Altman (OpenAI), are reversing their previous warnings about the risk of mass unemployment linked to AI. They say these pessimistic predictions were exaggerated and argue that the recent wave of layoffs is not due to AI, as the technology has only become truly effective in recent months. This position comes as the AI ​​sector faces growing public opposition, while reality shows that its impact on employment remains very limited.

6. IEA: The conflict in the Middle East is shaking up global energy strategy: The energy crisis caused by the conflict in the Middle East is forcing the world to rethink its energy investment strategy. The International Energy Agency (IEA) indicates that countries are striving to diversify their sources of supply and increase the exploitation of their national resources. Investments in natural gas and coal are expected to rise sharply, while capital flows into oil are declining. Renewable energy and nuclear power are also attracting significant capital, with total investment in infrastructure and power generation expected to reach almost $1.6 trillion by 2026.

Photo caption
A gas station in Canberra, Australia. Photo: THX/VNA

7. Young Koreans invest massively in the stock market and the risks involved: The number of young Koreans investing in the stock market is exploding due to rising property prices and the cost of living, eroding their confidence in accumulating wealth through wages. Many students even use preferential rate loans or their savings to invest in technological stocks and artificial intelligence. This trend reflects a change in economic mentalities, with young people favoring financial products over real estate. However, the growing use of leveraged trading and short-term speculation also raises concerns about financial risks for the younger generation.

8. The $80 billion cryptocurrency market is “evaporating”: The global cryptocurrency market lost around $80 billion in market capitalization in just 24 hours following new US airstrikes in Iran. The price of Bitcoin fell to its lowest level since early April, triggering a wave of sell-offs and liquidations amounting to billions of dollars on leveraged markets. This decline is explained by the fear that a prolonged conflict would lead to an increase in inflation, forcing the Federal Reserve to maintain high interest rates. Furthermore, capital outflows from Bitcoin ETFs also contributed to increasing pressure on the market.

Source : https://baotintuc.vn/kinh-te/diem-tin-kinh-te-the-gioi-noi-bat-ngay-285-20260528203725015.htm