Asian shares saw a modest gain as investors eagerly await news on trade negotiations between Trump and Xi. Hong Kong stocks rebounded, while China shares fluctuated amid mixed manufacturing signals.
The U.S. manufacturing sector contracted for the third straight month in May, raising concerns among industry leaders. New orders, production, and employment continue to decline, while prices for raw materials are on the rise, creating a challenging environment for manufacturers.
President Trump visits Pennsylvania to announce a monumental $14 billion partnership between U.S. Steel and Nippon Steel. This investment is set to create 70,000 American jobs and bolster U.S. manufacturing across various industries.
China's manufacturing sector has seen a second consecutive month of contraction as the official PMI indicates ongoing economic struggles. Expectations for new stimulus are rising amid trade tensions with the U.S.
China’s manufacturing activity expanded at the fastest pace in three months, bolstered by new orders. However, looming tariffs from Trump may threaten this growth. What does this mean for the global economy?
