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%.
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.
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.
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