Overseas Headlines – June 3, 2025

June 3, 2025

United States:

US Stocks Wobble at the Open as Growth Concerns Return

 

US equities fluctuated at the open on Tuesday, as concerns about growth resurfaced after Paris-based OECD warned that Donald Trump’s trade policies have tipped the world economy into a downturn.

 

The S&P 500 Index and the Nasdaq 100 were little changed by 9:37 a.m. in New York. The Dow Jones Industrial Average rose 0.1%.

 

https://www.bloomberg.com/news/articles/2025-06-03/us-stocks-wobble-at-the-open-as-growth-concerns-return

 

Europe:

Euro-Zone Inflation Slows Below 2%, Backing More ECB Cuts

 

Euro-area inflation eased more than expected, dipping below the European Central Bank’s 2% target and supporting the case for interest rates to be lowered further.

 

Consumer prices rose 1.9% from a year ago in May, down from 2.2% in April and below the 2% median estimate in a Bloomberg survey of economists, data Tuesday showed.

 

https://www.bloomberg.com/news/articles/2025-06-03/euro-zone-inflation-slows-below-2-backing-more-ecb-rate-cuts

 

Asia:

China’s Private Factory Gauge Plunges to Weakest Since 2022

 

China’s manufacturing sector had its worst slump since September 2022, according to a private survey, as higher tariffs took a toll on smaller exporters despite a truce in the trade war with the US.

 

The Caixin manufacturing purchasing managers’ index fell to 48.3 in May from 50.4 in the prior month, according to a statement released by Caixin and S&P Global on Tuesday, well below the 50 mark separating expansion from contraction.

 

https://www.bloomberg.com/news/articles/2025-06-03/china-private-factory-gauge-unexpectedly-shrinks-after-us-truce

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2025-06-03T09:07:54-05:00