From Investing.com: 2025-06-02 05:54:00

Markets in Asia are feeling the pressure from US tariffs and trade tensions, causing risk assets to struggle and safe haven assets to rise. Gold is trading around $3350 an ounce, while investors worry about the potential for a US recession due to high tariffs. Uncertainties around US trade policies and talks with countries like China are adding to the tension, along with concerns about a major tax plan increasing the US deficit. In Europe, shares opened lower, with steel and automaker stocks taking a hit. Swiss GDP grew by 0.5% in the first quarter of 2025. Economic data releases and final thoughts focus on manufacturing numbers and tariff developments, which will drive risk sentiment. The DAX Index is down 0.8%, struggling to hold above 24000, with potential downside support at 23500, 23200, and 22711.



Read more at Investing.com: Markets Today: Sentiment Takes a Hit on Trump’s Latest Tariffs, Gold Rises