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OECD trims global outlook as Trump trade war hits U.S. growth
OECD revises global growth down to 2.9% for 2025-2026U.S. growth forecast slashed due to trade war impactChina's growth partly offset by subsidies and welfare spendingBy Leigh Thomas PARIS, June 3 (Reuters) - Global economic growth is slowing more than expected only a few months ago as the fa...Reuters
Tue, Jun 3
Vietnam firms to sign MoUs to buy $2 bln of US farm produce
HANOI, June 3 (Reuters) - Vietnamese firms will sign memorandums of understanding with U.S. partners to buy $2 billion worth of American farm produce, the agriculture ministry said on Tuesday, part of efforts to seal a new trade deal between the two countries.Vietnam has been slapped with 46% "r...Reuters
Tue, Jun 3
ANALYSIS-India considers easing bank ownership rules as foreign interest grows
Indian central bank reviewing ownership rules for banksForeign banks eager to tap India's rapid growth, trade dealsSMBC's deal for Yes Bank shows foreign interest, RBI flexibilityBy Ira Dugal and Swati Bhat MUMBAI, June 3 (Reuters) - The Indian banking regulator is signalling possible rul...Reuters
Tue, Jun 3
Mood darkens further in German auto sector under strain of tariffs
BERLIN, June 3 (Reuters) - Sentiment in the German automotive industry deteriorated further in May, the Ifo institute said on Tuesday, reporting a fall in its business climate index for the sector to -31.8 points from -30.7 in April."The confusion surrounding the U.S. tariffs is causing problems...Reuters
Tue, Jun 3
Trump’s Tariff Uncertainty Drags U.S. Manufacturing into Third Consecutive Month of Contraction—Imports and Exports Collapse
TradingKey - Amid the uncertainty surrounding Trump’s tariff policies, the U.S. manufacturing sector continued its contraction in May, with both import and export indicators hitting multi-year lows. Manufacturers and suppliers remain hesitant amid growing trade tensions and policy instability.TradingKey
Tue, Jun 3
Australia central bank says higher US tariffs a drag on global economy
SYDNEY, June 3 (Reuters) - Australia's central bank said on Tuesday that higher U.S. tariffs would drag on the global economy and put near-term downward pressures on prices of traded goods, though the exact impact is hard to assess given the policy uncertainties.In a speech in Brisbane, Reserve ...Reuters
Tue, Jun 3
Japan’s economic policy roadmap to promote domestic ownership of JGBs – Reuters
According to a draft of the government’s economic policy roadmap obtained by Reuters, “Japan is expected to promote domestic ownership of government bonds to avoid further rises in long-term interest rates.”
Fxstreet
Tue, Jun 3
China's factory activity cools in May as US tariffs hit
BEIJING, June 3 (Reuters) - China's factory activity in May shrank for the first time in eight months, a private-sector survey showed on Tuesday, indicating U.S. tariffs are now starting to directly hurt the manufacturing superpower.Reuters
Tue, Jun 3
RBA Minutes: Not yet time to move monetary policy to an expansionary setting
The Reserve Bank of Australia (RBA) published the Minutes of its May monetary policy meeting on Tuesday, highlighting that the board decided the case for a 25 basis points (bps) cut was a stronger one and preferred policy to be cautious and predictable.Fxstreet
Tue, Jun 3
