China’s private factory gauge slows as economy softens
Businesstimes News·- China's manufacturing activity slowed in May, aligning with official indicators, as indicated by a private survey of export-oriented enterprises. - The Purchasing Managers' Index fell from 52.2 in April to 51.8, slightly above economists' median forecast of 51.3, suggesting improvement relative to last month. - Despite a strong first quarter, signs of weakness are emerging in the economy, with industrial production and retail sales growth reaching multi-year lows amid rising export prices due to demand for AI-related products and geopolitical pressures.Rampant Retail & Hormuz Hopes Spark Stocks Best Win-Streak Since 2023; Oil's Biggest Monthly Drop In A Year
ZeroHedge·- In May, oil prices fell significantly, marking WTI's worst month since April 2025, largely due to retail demand and potential plans to reopen Hormuz. - This decline in oil prices contributed to a continuous rise in stocks, with the S&P gaining for nine consecutive weeks. - Meanwhile, bond performance varied, with the long-end faring better, while gold and bitcoin experienced modest declines amid a stronger dollar.The double 10K scenario: Wall Street veteran says the S&P 500 and gold can each reach that mark by the end of the decade
MarketWatch·- Yardeni Research predicts gold could reach $10,000 by 2030, correlating with a potential S&P 500 rise to the same level. - Ed Yardeni asserts that investor rebalancing into gold will occur as the S&P 500 rallies, especially after conflicts in Iran subside. - He projects gold will reach $5,500 an ounce by the end of 2026, despite recent struggles and volatility linked to geopolitical tensions and dollar strength.