Morning Economic Report 6-3-25

Economy Update

APAC opened steady, held initially by a late rally in Wall St due to tech appetite but of late bourses wobble lower even with a better showing in EU Core CPI 2.3% v 2.5% call. Trump is reportedly asking for best tariff offers from countries by Weds, but some trading partners deny receiving such notice.. China Caixin Manufacturing PMI 48.3 in May v 50.4 in Apr and much lower due to tariffs. This follows largely disappoint PMIs globally with the US poor standing received badly. White House say Xi and Trump will speak this week. DAX +0.06%, CAC -0.17%, FTSE -0.23%, Euro STOXX600 -0.17%. Fiscal concerns, PMI misses and tariffs keep USD backfooted, DXY 98.90. Gold 3356. BTC $105,289.