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🔴 [Quick Facts]:

1. The Purchasing Managers' Index for the services sector in Japan fell to 51.0 points in May, signaling a slowdown in economic activity.

2. The U.S. government proposed its first spending cut plan, requesting the return of $9.4 billion.

3. The White House announced a 50% increase in tariffs on steel and aluminum imports.

4. The vote counting in the South Korean presidential election has concluded, with Lee Jae-myung receiving 49.42% of the votes.

5. Trump proposed a new framework for the nuclear deal with Iran; Iran will respond in a few days.

6. Job openings in the United States unexpectedly rose in April, and hiring activity accelerated.

7. Before the new tariffs on steel and aluminum take effect, the United Kingdom is striving to save the steel tariff agreement with the United States.

8. Cook: Tariffs could lead to a resurgence in inflation, putting pressure on the labor market.