Real Vision: Finance & Investing

Tariff Tensions, Japan’s CapEx Surprise, and Eurozone PMI Stabilization: PALvatar Market Recap, June 2 2025

Jun 2, 2025
Discover the impact of proposed U.S. tariff hikes on steel and aluminum and their influence on global markets. Japan surprises with an unexpected increase in corporate capital spending, showcasing resilience amid trade tensions. In Europe, manufacturing PMIs indicate early signs of stabilization, particularly in Germany and the broader Eurozone. As markets brace for key U.S. data and potential rate cuts from the ECB, there's plenty of insight for traders, investors, and macro enthusiasts.
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INSIGHT

Tariff Hikes Impact & Japan's CapEx

  • Trump's plan to double steel and aluminium tariffs led to modest global market declines, with Nikkei 225 falling 1.3%.
  • Japan's corporate capital expenditure rose 6.4% despite trade tensions, signaling corporate confidence.
INSIGHT

Eurozone PMI Stabilization Signs

  • Eurozone manufacturing PMI showed contraction but signs of stabilization with the highest reading in nearly three years at 49.4.
  • Germany’s new orders stabilized after declines, although job cuts continue in the manufacturing sector.
INSIGHT

Key Upcoming Economic Events

  • Upcoming key data includes US manufacturing PMI, ISM, jobs numbers, and an expected ECB interest rate cut.
  • These releases are critical for gauging future market directions globally.
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