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June 6, 2025

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In Stocks

European markets open: Stoxx 600 flat ahead of US non-farm payrolls; trade tensions persist

4 Mins Read

European stock markets exhibited a muted and cautious start to Friday’s trading session, with the pan-European Stoxx 600 index hovering near flat territory.

Investors appeared reluctant to place significant bets ahead of the release of crucial US jobs data, while persistent trade tensions and a high-profile spat between US President Donald Trump and Elon Musk added to the uncertain market atmosphere.

As of 8:17 a.m. London time, the Stoxx Europe 600 index was up a mere 0.02%, reflecting a general holding pattern after three consecutive positive sessions.

Earlier readings around 0709 GMT also showed the pan-European STOXX 600 holding its ground at 551.9 points.

Despite the day’s tentative mood, the benchmark index remained on track for a second consecutive weekly gain, provided the current momentum holds.

Performance across national bourses was mixed.

The UK’s FTSE 100 led the way with a modest 0.15% rise, supported by an advance in oil and gas stocks amid higher crude prices.

However, mainland European markets showed more weakness, with Germany’s DAX and France’s CAC 40 down by 0.2% and 0.1%, respectively.

US jobs data and trade jitters dominate investor focus

The primary focus for global investors on Friday is the monthly US non-farm payrolls report.

This key economic indicator is expected to heavily influence market sentiment and help investors gauge how the Federal Reserve might navigate the current uncertain trade environment and its potential impact on monetary policy.

Economists are anticipating a contraction in US jobs from the previous month.

Adding to the cautious sentiment are ongoing trade tensions.

US President Donald Trump escalated these concerns earlier this week by announcing a doubling of tariffs on steel and aluminum imports.

Following this, the Trump administration reportedly requested countries to submit their best trade offers by Wednesday, but markets have yet to see any concrete outcomes from these demands, leaving a cloud of uncertainty.

In a separate but related development, President Trump spoke with his Chinese counterpart Xi Jinping on Thursday.

Trump described the 90-minute call as “very good” and “almost entirely” focused on trade, though specific details or breakthroughs were not immediately forthcoming.

ECB signals easing cycle nearing end; Trump-Musk feud rattles tech

The European Central Bank’s (ECB) anticipated interest rate cut on Thursday, while delivered as expected, was somewhat overshadowed by signals from ECB President Christine Lagarde that the central bank is approaching the end of its current easing cycle.

This guidance prompted investors to scale back their expectations for further significant rate cuts, contributing to a more measured market reaction.

Regional stocks had ended Thursday’s session higher following the ECB’s widely anticipated move to trim interest rates.

Adding another layer of intrigue and potential volatility, the public dispute between US President Donald Trump and Elon Musk, the world’s richest person, escalated overnight.

What began with Musk publicly criticizing Trump’s spending bill has devolved into a “full-on row,” with the president threatening to withdraw billions of dollars’ worth of government contracts from Musk’s companies, including Tesla and SpaceX.

Musk, in turn, reportedly claimed Trump would not have secured a second term without his campaign input and stated that SpaceX would immediately decommission its Dragon spacecraft due to Trump’s threats to cut funding.

The fallout from this feud was significant, with Tesla reportedly seeing $152 billion wiped off its market capitalization – the biggest hit to its valuation ever.

In specific stock movements, shares of sportswear retailers Adidas and Puma slipped nearly 1% and 1.5%, respectively.

This decline followed a move by US peer Lululemon Athletica, which cut its annual profit forecast, raising concerns about the broader athletic apparel sector.

The post European markets open: Stoxx 600 flat ahead of US non-farm payrolls; trade tensions persist appeared first on Invezz

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In World news

Should You Invest in Silver Bullion?

5 Mins Read

Investing in silver bullion has pros and cons, and what’s right for one investor may not work for another.

Interest in the silver market tends to flourish whenever the silver price increases, with investors beginning to wonder if silver is a good investment and it is the right time to add physical silver to their investment portfolios.

While silver can be volatile, the precious metal is also seen as a safe-haven asset, similar to its sister metal gold. Safe-haven investments can offer protection in times of uncertainty, and with tensions running high, they could be a good choice for those looking to preserve their wealth in difficult times.

With those factors in mind, let’s look at the pros and cons of buying silver bullion.

What are the pros of investing in silver bullion?

Silver can offer protection

Silver bullion is often considered a good safe-haven asset. As mentioned, investors often flock to precious metals in times of turmoil, politically and economically. For example, physical silver and gold have both performed strongly in recent years against a background of geopolitical instability and high inflation.

Silver bullion is a tangible asset

While cash, mining stocks, bonds and other financial products are accepted forms of wealth, they are essentially still digital promissory notes. For that reason, they are all vulnerable to depreciation due to actions like printing money. A troy ounce of silver bullion, on the other hand, is a finite tangible asset. That means that, although it is vulnerable to market fluctuations like other commodities, physical silver isn’t likely to completely crash because of its inherent and real value. Market participants can buy bullion in different forms, such as silver coins or silver jewelry, or they can buy silver bullion bars.

Silver’s cheaper and more flexible than gold

Compared to gold bullion, silver is significantly cheaper, which makes it more accessible for investors looking for an affordable entrance to the precious metals market. This can make it easier for investors to build up a portfolio over time.

Another benefit is that investors who need to convert their precious metals to currency will have an easier time selling a portion of their silver portfolio than those looking to sell part of their gold. Just as a US$100 bill can be a challenge to break at the store, divvying up an ounce of gold bullion can be a challenge. As a result, silver bullion is more practical and versatile, particularly for everyday investors who need flexibility in their investments.

Silver offers higher returns than gold

Silver tends to move in tandem with gold: when the price of gold rises, so too does the price of silver. Because the white metal is currently worth around 1/100th the price of gold, buying silver bullion is affordable and stands to see a much bigger percentage gain if the silver price goes up. In fact, silver has outperformed the gold price in bull markets. It’s possible for an investor to hedge their bets with silver bullion in their investment portfolio.

History is on silver’s side

Silver and gold have been used as legal tender for thousands of years, and that lineage lends them a sense of stability. Many buyers find comfort in knowing that silver has been recognized for its value throughout a great deal of mankind’s history, and so there’s an expectation that it will endure while a fiat currency may fall to the wayside. When individuals invest in physical silver, there is a reassurance that the metal has value that will continue to persist. Additionally, its increasing use as an industrial metal in the energy transition has improved the metals fundamentals even further.

What are the cons of investing in silver bullion?

Danger of theft

Unlike most other investments, such as stocks, holding silver bullion can leave investors vulnerable to theft. And of course, the more physical assets, including silver jewelry, that reside within your home, the more at risk you are for losing significantly if a burglary takes place. It’s possible to secure your assets from looting by using a safety deposit box in a bank or a safe box in your home, but this will incur additional costs.

Weaker return on investment

Silver may not perform as well as other investments, such as real estate or even other metals. Mining stocks, especially silver stocks that pay dividends, may also be a better option than silver bullion for some investors. Royalty and streaming companies are another option for those interested in investing in silver, as are exchange-traded funds and silver futures.

High silver demand leads to higher premiums

When investors try to buy any bullion product, such as an American silver ounce coin known as a silver eagle, they quickly find out that the physical silver price is generally higher than the silver spot price due to premiums used by sellers. What’s more, if demand is high, premiums can go up fast, making the purchase of physical silver bullion more expensive and a less attractive investment.

Bullion lacks quick liquidity

Silver bullion coins are not legal tender, meaning they can’t be used for every day purchases. Since the metal is usually used as an investment, this isn’t often an issue. However, it does mean that if silver needs to be sold in a hurry to cover expenses, investors will need to find a buyer. If you can’t access a bullion dealer and are in a jam, pawn shops and jewelers are an option, but they won’t necessarily pay well.

How to add physical silver to your portfolio?

How to buy silver digitally?

Larisa Sprott: Gold, Silver Early in Cycle, Smart Money Buying Now

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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In Business

Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

3 Mins Read

Use of low-cost e-commerce giants Temu and Shein has slowed significantly in the key U.S. market amid President Donald Trump’s tariffs on Chinese imports and the closure of the de minimis loophole, new data shows.

Temu’s U.S. daily active users (DAUs) dropped 52% in May versus March, before Trump’s tariffs were announced, while those at rival Shein were down 25%, according to data shared with CNBC by market intelligence firm Sensor Tower.

DAUs is a measure of the number of people who visit or interact with a platform every 24 hours. Monthly active users (MAUs), a measure of user engagement over a 30-day period, was also down at Temu (30%) and Shein (12%) in May versus March.

The declines were also reflected in both platforms’ Apple App Store rankings. Temu averaged a rank of 132 in May 2025, down from an average top 3 ranking a year ago, while Shein averaged a rank of 60 last month versus a top 10 ranking the year prior, the data showed.

Neither Temu nor Shein immediately responded to CNBC’s request for comment.

The user drop off comes as both Temu and Shein have pulled back on U.S. advertising spend over recent months since the Trump administration’s tariff announcements.

Trump in April announced sweeping tariffs on Chinese imports, including the end of the “de minimis” tariff exemption on May 2, which allowed companies to ship low-cost goods worth less than $800 to the U.S. tariff-free.

In May, Temu’s U.S. ad spend fell 95% year-on-year while Shein’s was down 70%.

“Temu and Shein’s decline in US ad spend was also noticeable in April, as spend decreased by 40% and 65% YoY, respectively,” Seema Shah, vice president of research and insights at Sensor Tower, said in emailed comments to CNBC.

Both Temu and Shein also altered their logistics models in the wake of tariffs, shifting away from a drop shipping model, which allowed them to send items directly from Chinese suppliers to U.S. consumers, and instead, particularly in Temu’s case, building up a network of U.S. warehouses.

Rui Ma, founder and analyst at Tech Buzz China, said such moves were also likely to have impacted the companies’ ad spend strategy and customer acquisition patterns.

“All these additional costs and regulatory hurdles are clearly hurting Chinese platforms’ U.S. growth prospects,” she wrote in emailed comments.

Tech Buzz China research from March showed that a 50% tariff would be the point at which Temu would lose most of its price advantages and find it difficult to operate. The tariff on former de minimis imports currently stands at 54%, having been lowered from 120% amid a 90-day tariff truce between the U.S. and China.

Last week, Temu’s parent company PDD Holdings reported first-quarter earnings below estimates and pointed to tariffs as a significant pressure on sellers.

Temu’s popularity has nevertheless picked up outside the U.S., with non-U.S. users rising to account for 90% of the platform’s 405 million global MAUs in the second quarter, according to HSBC.

Writing in a note last week, HSBC analysts said that was “supported by growth in Europe, Latin America, and South America.” They added that the swiftest of that growth occurred in “less affluent markets.”

“Many (Chinese platforms) are now actively redirecting their efforts toward other markets such as Europe,” Ma said.

This post appeared first on NBC NEWS

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In Politics

‘Gone too far’: GOP lawmakers rally around Trump after Musk raises Epstein allegations

4 Mins Read
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House GOP lawmakers are accusing Elon Musk of going ‘too far’ after he suggested President Donald Trump was ‘in the Epstein files.’

‘Hopefully we never have to answer questions about tweets like that from Elon again,’ said Rep. Pat Fallon, R-Texas, calling Musk’s comments ‘not helpful.’

‘Elon crossed the line today,’ Rep. Chip Roy, R-Texas, told Fox News Digital,

Musk referenced late pedophile Jeffrey Epstein in relation to Trump Thursday as part of a larger tirade against the president and Republican leaders over their budget reconciliation bill.

The tech billionaire accused Republicans of adding to the national debt — currently nearing $37 trillion — with legislation they’ve called Trump’s ‘big, beautiful bill.’

‘Time to drop the really big bomb. [Trump] is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT!’ Musk wrote on X. ‘Mark this post for the future. The truth will come out.’

Rep. Troy Nehls, R-Texas, said Musk had ‘gone too far.’

‘There’s just no need for this,’ Nehls said. ‘Those conversations should be taking place behind closed doors.’

Some Republicans argued that any damning information about Trump and Epstein would have already been revealed if it existed.

‘What I would say is, if Joe Biden had Donald Trump in the Epstein logs, there’s no question it would have come out during the campaign,’ Rep. Randy Fine, R-Fla., told Fox News Digital. ‘So, I don’t know what’s prompting it. I think it’s all unfortunate.’

Rep. Tim Burchett, R-Tenn., questioned why Musk would let his young son, nicknamed ‘X,’ around Trump if he believed he was closely associated with a pedophile.

‘The Biden administration would have put it out. There’s nobody that Democrats hate more than Donald J. Trump, and he’s handing them their lunch every day. So, I don’t put much faith into it,’ Burchett said.

‘Why would he let his kid hang out with the president if that was true? That just doesn’t make any sense. And now he’s calling for his impeachment. I mean, it’s just going off to the deep end.’

Rep. Anna Paulina Luna, R-Fla.,  who is leading a task force on declassifying federal investigations, including Epstein’s, told reporters she did not think Musk’s suggestion held water.

‘Speaking to Jeffrey Epstein, I will be very specific that I do believe that if President Trump was in the Epstein files, they would have released it during the primary, and they didn’t,’ Luna said.

‘So, the fact is, is that I do not believe that President Trump is in the Epstein files, the way that it’s being implied, but either which way, this is why we continue to push for transparency.’

Rep. Ralph Norman, R-S.C., however, stood apart in his answer in calling for more transparency into the Epstein files.

‘Facts will bear out whatever they will,’ Norman said. ‘The Epstein files are bound to come out, and let it come out. We ought to see it. America has a right to know, just like they do with the John F. Kennedy files, the Bobby Kennedy files.’

White House press secretary Karoline Leavitt attributed Musk’s tirade to Trump’s bill, which is focused on working- and middle-class tax relief and not benefiting Musk and his companies enough.

‘This is an unfortunate episode from Elon, who is unhappy with the One Big Beautiful Bill because it does not include the policies he wanted. The President is focused on passing this historic piece of legislation and making our country great again,’ Leavitt said.

Sen. Pete Ricketts, R-Neb., told Fox News Digital, ‘I could not tell you what Elon Musk’s motivations are, but I can tell you what we’re going to do, which is avoid a $4 trillion tax increase on the American people.

And while it’s well-known the two men were acquainted, a source familiar with the matter pointed out that Trump had kicked Epstein out of his Palm Beach Golf Club.

Trump had permanently banned Epstein from Mar-a-Lago for hitting on a teenage daughter of a club member, according to a book, ‘The Grifter’s Club.’ 

‘The administration itself released Epstein files with the President’s name included. This is not a new surprise Elon is uncovering. Everyone already knew this,’ the source said. ‘If Elon truly thought the President was more deeply involved with Epstein, why did he hang out with him for six months and say he ‘loves him as much as a straight man can love a straight man?”

Fox News Digital has also reached out to Musk for comment via his office at Tesla.

This post appeared first on FOX NEWS

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