---
title: "Global news you need to know before the U.S. stock market opens on Wednesday"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/243116290.md"
description: "Trump claims Powell must cut interest rates now; the Director of the Federal Housing Finance Agency also calls for Powell to lower rates. * \"Surprise\"! The U.S. ADP employment numbers for May increased by only 37,000, the lowest growth since March 2023. * Germany approves a €46 billion corporate tax cut measure to boost economic growth. * Ignoring tariff threats, the Eurozone's May composite PMI unexpectedly increased, but demand in Germany and France remains sluggish. * According to Bloomberg, the EU has selected 13 foreign strategic raw material support projects, including a graphite mine in Greenland. * According to Reuters, the Bank of Japan is considering whether to slow the pace of bond purchase reductions starting next fiscal year. * With the political situation settled, South Korean stocks surge into a bull market! Lee Jae-myung has set a KOSPI target of 5,000 points, aiming to eliminate the \"Korean discount.\" * Indian stock market rises slightly as India challenges the U.S. on auto tariffs, taking a tougher trade stance. * According to CCTV, the European Central Bank has officially approved Bulgaria's accession to the Eurozone. * According to Securities Times, the Hong Kong Securities and Futures Commission is considering introducing virtual asset derivatives trading for professional investors. * U.S. pre-market: Most Chinese concept stocks rise, South Korean stocks up nearly 3%, MSCI global stock index hits a new high, gold and oil nearly flat. * The Nikkei 225 index closed up 0.8%, the Shanghai Composite index closed up 0.42%, and the Hang Seng index closed up 0.6%"
datetime: "2025-06-04T12:58:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/243116290.md)
  - [en](https://longbridge.com/en/news/243116290.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/243116290.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/243116290.md) | [繁體中文](https://longbridge.com/zh-HK/news/243116290.md)


# Global news you need to know before the U.S. stock market opens on Wednesday

Trump claims Powell must cut interest rates now; the Director of the Federal Housing Finance Agency also calls for Powell to lower rates.  
"Surprise"! The U.S. ADP employment numbers increased by only 37,000 in May, the lowest growth since March 2023.  
Germany approves a €46 billion corporate tax cut measure to boost economic growth.  
Ignoring tariff threats, the Eurozone's May composite PMI unexpectedly increased, but demand in Germany and France remains sluggish.  
According to Bloomberg, the EU has selected 13 foreign strategic raw material support projects, including a graphite mine in Greenland.  
According to Reuters, the Bank of Japan is considering whether to slow down the pace of bond purchase reductions starting next fiscal year.  
With the political situation stabilized, South Korean stocks surge into a bull market! Lee Jae-myung has set a KOSPI target of 5,000 points, aiming to eliminate the "Korea discount."  
Indian stock market slightly rises, as India challenges the U.S. on auto tariffs, taking a tougher trade stance.  
According to CCTV, the European Central Bank officially approves Bulgaria's accession to the Eurozone.  
According to Securities Times, the Hong Kong Securities and Futures Commission is considering introducing virtual asset derivatives trading for professional investors.  
U.S. pre-market: Most Chinese concept stocks rise, South Korean stocks up nearly 3%, MSCI global stock index hits a new high, gold and oil nearly flat.  
Nikkei 225 index closed up 0.8%, Shanghai Composite Index closed up 0.42%, Hang Seng Index closed up 0.6%

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