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⭕ Here are the most important market developments:

• Markets are in a state of confusion as Trump's steel tariffs approach.

• Trade tensions between China and the US are escalating despite the possibility of a phone call or meeting between the two countries' presidents.

⬅️ Markets are still holding their breath, awaiting several closely-watched data releases.

• Eurozone inflation slowed to 1.9% in May, above expectations of 2%, increasing pressure on the euro.