Rising Markets, Shrinking Outlooks - Tuesday 3 June

Stocks climb, growth shrinks. On today’s Bullhorn: Wall Street rallies to three-month highs, even as U.S. factory orders slump and global forecasts are cut. We unpack the OECD’s revised outlook, China’s factory contraction, and who’s leading and lagging across London, Europe, and Asia.Tech, defence, and discount retail are up. Tariffs and uncertainty still loom.Intro: Markets rising despite growth headwindsWall Street: Nasdaq, S&P hit highs; Dollar General surgesU.S. Data: Factory orders fall, job openings reboundLondon: Miners, housebuilders slump; defence stocks shineGlobal Outlook: OECD cuts U.S., UK, and global growth forecastsEurope: Inflation falls, tariffs return, Gerresheimer sinksAsia: China’s factory slump, Hang Seng gains, Aussie stocks rallyCurrency & Commodities: Dollar firm, oil edges higherWrap: Markets up, but storm clouds building