My thoughts on global financial market conditions as of 08 June 2025, Sunday

My thoughts on global financial market conditions as of 08 June 2025, Sunday: 

1) until last Thursday, USA employment data were weak indicating the slowing USA economy. On Friday non farm payroll was a bit high. President Trump is asking federal reserve to lower interest rate by one full 100 basis points. Will federal reserve oblige him? 

2) At Trump's request Chinese president Xi spoke to him over phone 90 minutes last Thursday. Both USA and  Chinese will meet in London early next week  to continue trade talks. Key issue of rare metal magnets for auto industries will be released by China. otherwise US and other centers auto productions would have to come to standstill. It is not known what concession Trump has agreed with thee Chinese for releasing the rare magnets.

3) Elon Musk versus Trump split had cost Tesla company more than 100  billions market capitalization loss. Personally Musk lost more 22 billions personal wealth. Trump is looking conceal all government contracts, subsidiaries to Musk related companies. A great public break of two big boys. Both do not have a good behavioral standing in general. 

4) overall USD is to weaken further 20 to 15 percent, US asset markets are due for further correction downward may be ten more percent? 

5) Metals like gold prices are holding up, will it go to 4000 level soon? Silver seem to break upwards, long over due may be to 40 level. other metals like platinum, palladium copper are moving up. 

6) Indian RBI took a bold move to reduce large interest rate down. Indian asset markets knee jerk reason will die down soon, Indian Rupee's weakness towards 100 will eat way any apparent advantage seen for Indian markets until the Rupee depreciation issue is settled.

 7) Good luck your trading ahead. 

C n Nachiappan, 

08 June 2025, 

Singapore.