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Stocks Stall, Commodities Rocket As Trade, Geopolitical Tensions Resume: What's Driving Markets Monday? - Boeing (NYSE:BA)

  • US President Donald Trump announced plans to increase global duties on steel and aluminum imports to 50 percent starting Wednesday, intensifying trade disputes with the European Union and China.
  • This tariff hike comes after a recent US trade court decision that challenged the levies, though its effect was paused pending an appeal, as the US and EU prepare to hold discussions during the OECD meeting in Paris on Wednesday.
  • Oil prices rose by five percent following OPEC+’s decision to limit the rise in crude output, while escalating conflict-related events involving Ukraine and Russia heightened geopolitical tensions.
  • Susannah Streeter of Hargreaves Lansdown highlighted that talks involving the US and China seem unsettled, while the European Union has expressed strong disappointment over the tariffs and promised to respond, with analysts noting that investors remain cautious until trade uncertainties are resolved.
  • As a result, global stock markets mostly slid with uncertainties over trade and geopolitical tensions, while oil prices climbed on conflict risks and limited OPEC+ supply increases.
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InsideNoVA.comInsideNoVA.com
+18 Reposted by 18 other sources
Center

Stocks retreat over trade row; oil surges on geopolitical risks

Oil prices surged Monday over renewed concerns about Russia's war in Ukraine and relief over OPEC+ production, while stock markets mostly slid as US-China trade tensions resurfaced.

iosconews.comiosconews.com
+6 Reposted by 6 other sources
Center

Stocks fall over trade row; oil rises on geopolitical risks

Oil prices surged Monday over renewed concerns about Russia's war in Ukraine and relief over OPEC+ production, while stock markets mostly slumped as US-China trade tensions resurfaced.

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imagenradio.com.mx broke the news in on Monday, June 2, 2025.
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