From Yahoo Finance: 2025-06-04 17:05:00

Global markets were mixed as world stocks hit record highs, Wall Street closed mixed, and Treasury yields fell amid uncertain U.S. economic data and trade talks. Despite fears of inflation from tariffs, disinflation is currently stronger. Key moves: World stocks hit all-time highs, S&P 500 and Nasdaq rose, Canadian dollar climbed, Treasuries rallied, and oil fell.

Trade tensions escalated as Trump doubled steel and aluminum tariffs, complicating trade talks with Europe and China. China’s rare earths export suspension disrupted global supply chains. U.S. economic data showed slow private sector growth, contracting services sector, and rising input prices. Trump called for Fed rate cuts as Europe considers more easing.

Disinflation is a major force currently, outweighing inflation concerns. OECD predicts G20 inflation to cool, except in the U.S. where it may rise. Euro zone inflation below target, ECB may cut rates. China’s deflation continues, putting pressure on other Asian currencies. Markets await key economic data and central bank decisions.



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