From Yahoo Finance: 2025-06-06 07:16:00

President Donald Trump’s spat with Elon Musk overshadowed global market events. Trump’s call with China’s Xi Jinping led to no breakthroughs, while ECB cut rates and India slashed key rates. Tesla shares recovered after a 14% drop. U.S. stocks saw outflows, and European shares had inflows. OECD revised euro zone GDP growth higher.

The row between Trump and Musk centered on a fiscal bill adding $2.4 trillion to U.S. debt. The call between Trump and Xi Jinping had no significant outcomes. ECB cut rates, India slashed key rates, and Tesla shares recovered. U.S. stocks saw outflows, European shares had inflows, and euro zone GDP growth was revised higher.

International tensions rise as Trump’s spat with Musk overshadows global market events. ECB cuts rates, India slashes key rates, and Tesla shares recover from a 14% drop. U.S. stocks see outflows, European shares have inflows, and euro zone GDP growth revised higher. India’s central bank cuts key rates.



Read more at Yahoo Finance: Morning Bid: Trump-Musk bust-up smolders