*Good Morning ☕ Market News Update* Dive into the heart of the financial world with our latest Market News Update. Stay informed and one step ahead! Happy Trading! 📊 Market Update – Monday, 2 June 2025 Asia: Asian markets opened lower today amid escalating geopolitical tensions and renewed trade concerns. China's official manufacturing PMI contracted for the second consecutive month, signaling a slowdown in industrial activity. Additionally, an appeals court's decision to temporarily reinstate U.S. tariffs has added to investor apprehension. U.S. On Friday, U.S. markets closed with mixed results. The S&P 500 ended the day flat but recorded its largest monthly gain since November 2023. The Dow Jones Industrial Average fell by 0.5%, while the Nasdaq Composite edged up by 0.1%. Investors are closely monitoring developments in U.S.-China trade relations and upcoming economic data releases. Oil: Brent crude oil prices rose by 2.13% to $64.12 per barrel after OPEC+ announced it would maintain its planned output hike for July, alleviating concerns about potential oversupply. Forex: The euro strengthened against the U.S. dollar, with the EUR/USD pair trading at 1.1379, up from 1.1339 on Friday. The euro's gains are attributed to easing trade tensions and positive economic indicators from the Eurozone. Gold: Gold prices increased to $3,324.63 per ounce, up from $3,310.31 the previous day, as investors sought safe-haven assets amid global market uncertainties.