European stocks up 0.70%, Nasdaq led by Meta and Google, US PMI missed, ECB rates held

From Investing.com: 2025-06-05 05:29:00

Indices were mixed yesterday, with European stocks up 0.70% but most others down, except for the Nasdaq, led by Meta (+3.16%) and Google (+1.16%). US PMI missed expectations at 49.9, and the ECB held rates at 2.75%. Saudi Arabia announced a 411K increase in oil production, causing oil prices to fall 1.12%. Industrial metals had a positive day, with copper and aluminum leading the way. Bitcoin stabilized at $104,000. The yen was the worst-performing currency, and safe-haven currencies made a comeback after negative market sentiment. The ECB Rate Decision and Canadian Ivey PMI data are key events today, along with China’s PMI data.



Read more at Investing.com: Nasdaq and European Stocks May Diverge Ahead of Jobs Data and ECB Rate Decision