$USDC 🔴 [Quick Facts] :

• Japanese household spending unexpectedly fell in April.

• Canada's goods trade deficit in April reached a record high of 7.1 billion Canadian dollars.

• Aluminum prices in the United States hit an all-time high.

• The United States vetoes the Security Council's demand for a ceasefire in Gaza, and Iran strongly condemns it.

• Competing companies in the United States are experiencing rising job cut rates.

• Divided opinions among U.S. cabinet officials leave Japan in the dark regarding trade talks.

• Harker: Economic forecasts are so uncertain that predicting policies is impossible.

• Schmid: We do not want to downplay the importance of price gains resulting from tariffs.

• The European Central Bank cuts interest rates by 25 basis points but may pause temporarily in July.