• Silver has kept rising to its 13-year high, while platinum posted a two-year high, a sign of increasing investor demand for industrially consumed precious metals. Technical momentum is driving the rally, strong physical silver demand in India, and renewed Chinese demand for platinum. The metals are also being supported by their safe-haven status, fueled by the expanding US-led tariff war and ongoing central bank gold purchases.

• Meanwhile, Chinese export expansion likely softened in May despite some tariff cuts by the U.S., as the intensifying trade war and Sino-U.S. uncertainties continue to hang over exports and imports. A recent telephone conversation between President Trump and Xi Jinping could stop escalation of tensions but was unable to end core trade disputes. Under company news, Tesla shares in Frankfurt rose following reports of White House efforts to negotiate détente between Elon Musk and President Trump, after a highly publicized row. Elsewhere, Moody’s cut the credit rating for Nissan Motor Co. Ltd. due to deteriorating financials and a grim outlook.