Trade Wars 2.0 - news and analysis

The second presidency of Donald Trump initiated escalation of tariffs that triggered significant financial movements. These actions may to increased costs for businesses and consumers, disrupted supply chains, and created market uncertainty. Retaliatory tariffs from affected nations can further strain global trade, impacting economic growth and prompting concerns about long-term financial stability.

Breaking News: U.S. Manufacturing Slump Worsens in May, Dow Jones (DJIA) Steady

U.S. manufacturing activity declined in May 2025, with the ISM Manufacturing PMI dropping to 48.5, marking the third consecutive month of contraction. This downturn indicates growing economic uncertainty and pressure, impacted by trade policies and global tensions. The Dow Jones Index saw an initial dip but recovered to trade flat.

02-06-2025 14:35 GMT by Zain Vawda

Markets Today: Sentiment Takes a Hit on Trump's Latest Tariffs, Gold Rises, DAX Slips

Market sentiment dips as US tariffs and trade tensions rise, impacting Asian and European markets. Gold sees a surge in safe-haven flows. Steel and aluminum stocks decline sharply. European shares open lower with the STOXX 600 down. DAX struggles below 24000. Economic data points to slowing factory activity in Asia. Swiss GDP growth is reported, but misses estimates. Focus turns to PMI data and US-China trade developments.

02-06-2025 08:00 GMT by Zain Vawda