Overview

• Australian share futures signaled a 0.1% rise at the open while European markets held mixed following the ECB’s rate cut.
• The S&P 500 and Nasdaq edged down 0.2% ahead of Friday’s Labor Department figures on May job growth.
• Tesla stock plunged 8.9% after relations between Elon Musk and President Trump deteriorated over tax and spending disagreements.
• Financial markets ramped up bets on a Federal Reserve rate cut later this year, pushing the 10-year Treasury yield to 4.39%.
• Procter & Gamble plans to cut up to 7,000 jobs, PVH trimmed its profit forecast and Circle Internet Group shares soared 180% on its NYSE debut.