US shares futures retreated as a warning of OECD On global economic growth, it has raised concern about the impact of the Trump government war war.
The OECD has reduced its forecasts for global development for the second time this year, saying that the combination of commercial barriers and uncertainty affects trust. The warning comes two months after President Donald Trump’s attempt to remodel global trade and agree new agreements, with minimal evidence of a significant progress in talks with the most important partners.
The S&P 500 contracts have been slipped by 0.4%, as the US reference index is going to continue a series of daily fluctuations between profits and losses. State bonds rose after 10 years of debt from Japan, which was in plenty of demand. The dollar was up 0.2%.
“We are clearly seeing great volatility and investors want more visibility,” said Massimiliano Bondurri, founder and chief executive of SGMC Capital in Singapore, on Bloomberg television. “It is normal that markets are actually going to make changes.”
The US economy is also increasingly presenting signs of moderate but widespread weakening. A report expected later today on April vacancies is expected to show a reduction in jobs in less than 2020, as companies are increasingly realizing consumer efforts to save costs.
Payroll data scheduled for Friday (6.6.2025) will probably show a slowdown in the rate of recruitment. “The markets are negotiating higher than on April 2, but profits have been revised downward, global development also,” said Gilles Guibout, head of European shares at AXA Investment Managers in Paris. “Are we really in a better position? The answer is no. ”
Meanwhile, Trump last Monday (2.6.2025) used social media to try to convince Republicans who do not agree with the tax bill of many trillion dollars. Investors and traders have expressed concern that the legislation could aggravate the expanding fiscal deficit and the pile of US debt.
In Europe, inflation in the euro area declined more than expected, falling below the target of 2% of the European Central Bank and reinforcing the case of further interest rates. The Stoxx 600 reduced losses of up to 0.5%, while the euro fell 0.2% against the dollar. Money markets are almost certain of a 25 -point reduction when the ECB issues its policy decision on Thursday, with at least an additional one additional decrease later in the year.