Lizzie Burden

Those are your top stories this morning.

On the markets, the stock 600 is weaker a tenth of a percent.

On Wall Street, S&P E-mini futures are up two tenths of a percent.

And the 10-year Treasury yield is up two basis points at 4.45 percent.

And I'm Lizzie Burden.

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I'm Lizzie Burden.

And I'm Caroline Hepker.

Global stocks are powering to fresh records this morning as AI enthusiasm continues to drive markets higher.

The MSCI All Country World Index reached a new peak while gauges in South Korea and Taiwan, along with Japan's Nikkei, all hit fresh highs.

At the center of those gains is NVIDIA, the world's most valuable company.

Today, the $5.1 trillion company announced it's entering the PC market with a new chip designed to challenge Intel's longstanding dominance.

Speaking in Taiwan as he unveiled the move, CEO Jensen Huang highlighted the strength of the industry.

Jonathan Huang speaking there at the Computex Expo in Taipei as AI bulls argue that the rally is being driven by structural changes that are reshaping the notoriously cyclical semiconductor industry.

Bears, however, see an overheated market that's become captivated by results that cannot be sustained.

The European Union is considering imposing a temporary freeze to its price cap on Russian oil.

The current threshold is just over $44 a barrel and is due to rise to around $65 a barrel in July.

Bloomberg's Freddie Fulston has more.

Here in the UK, Andy Burnham has left over from the possibility of calling an early general election if he becomes prime minister.