Bonds & Stocks
Wall Street kicked off the week on the back foot, with stocks, bonds and the dollar falling amid renewed trade tensions and geopolitical uncertainties.
Economy
US factory activity contracted in May for a fourth consecutive month and a gauge of imports fell to a 16-year low as firms pulled back in the face of higher tariffs. The Institute for Supply Management’s manufacturing index edged down 0.2 point last month to 48.5, according to data released Monday. Readings below 50 indicate contraction.
World
Russia and Ukraine wrapped up their latest direct peace talks in Istanbul a day after Kyiv staged one of its boldest aerial attacks inside Russia, destroying long-range bombers and other aircraft.