From Nasdaq: 2025-06-03 05:02:00

European shares traded lower as trade tensions continued and investors awaited the ECB’s policy meeting. The OECD cut its global growth forecast to 2.9% for 2025 due to rising trade barriers and policy uncertainty, impacting consumer confidence and investments. The STOXX 600 fell 0.4%, DAX slipped 0.1%, CAC 40 dropped 0.4%, and FTSE 100 was down 0.2%. Julius Baer planned cost-saving measures, while British American Tobacco raised its sales target. Pennon reported a pretax loss, and Sanofi’s rilzabrutinib received orphan drug designation for sickle cell disease.



Read more at Nasdaq: European Shares Decline As OECD Slashes Global Growth Forecast