Stock futures decrease due to trade tensions and upcoming economic data, causing market uncertainty.

From Investing.com: 2025-06-02 03:05:00

U.S. and European futures indicate a down opening on Monday due to renewed trade tensions and upcoming economic reports. President Trump’s decision to double steel and aluminum tariffs to 50% on June 4 has reignited fears of a trade war with China and the EU, prompting retaliatory threats. Investors await major economic data releases, such as the ISM Manufacturing PMI, to gauge the central bank’s policy outlook. Despite a strong May market performance, recent trade tensions have added uncertainty, especially in tech and manufacturing industries.

The S&P 500 has been buoyed by the “Magnificent Seven” tech giants but broader market caution is mounting. Trump’s tariffs escalation is roiling global trade, with EU and Canada denouncing the move. Federal Reserve indicates readiness to address inflationary pressures. Waller’s speech, ISM Manufacturing PMI, ISM Manufacturing Prices, and Powell’s speech will shape market sentiment and strategy this week. Waller’s remarks will influence market expectations for Fed policy, manufacturing data will impact GDP forecasts, and Powell’s stance on inflation will guide market reactions.



Read more at Investing.com: Stock Futures Trade Lower Ahead of Heavy Economic Data as Trade Tensions Return