Overview
- Pre-market signals point to a slight DAX gain as investors react to shifting US-China trade dynamics.
- The White House says Presidents Trump and Xi Jinping are likely to speak this week, though Beijing has yet to confirm.
- China’s Caixin/S&P Global PMI fell to 48.3 in May, marking its first manufacturing contraction since September amid tariff pressures.
- European shares dipped earlier after the US announced it would double import tariffs on steel and aluminum.
- Markets are focused on Thursday’s ECB council decision for guidance on eurozone inflation and monetary policy.