Markets Today: Eurozone Business Growth Stalls, DAX Eyes ATH, BoC Decision Next
From Investing.com: 2025-06-04 06:43:00
In Asian markets, equities rose thanks to positive labor data, with South Korea’s index up 2% and MSCI Asia-Pacific shares up 1%. Japan and Taiwan also saw gains, while Toyota’s shares fell 13% due to a privatization deal backlash. The dollar rose slightly against the yen and euro. In commodities, oil prices fell while gold remained steady. European stocks were up, led by Airbus news. Eurozone PMI data showed weak business growth, with services contracting for the first time since November. Employment grew slightly, but business confidence remains low. US data and Bank of Canada rate decision are awaited. Technical analysis shows DAX index potential for fresh all-time highs.
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