Global Markets Struggle as Economic Data Disappoints
Weak US manufacturing data and volatile Indian elections impact stocks and currencies worldwide
- US manufacturing contracted in May, raising concerns about economic slowdown.
- Indian markets fell sharply amid closer-than-expected election results for Modi's party.
- Oil prices dropped as OPEC+ announced plans to phase out production cuts.
- European stock markets also saw declines, with major indices in the red.
- GameStop shares surged due to renewed interest from a prominent investor.
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