So far, very limited comments from the U.S.-China talks suggest positive progress, as indicated by both sides. The market remains optimistic about the outcome of the bilateral negotiations, viewing them as an almost “sure thing” signaling a “de-escalation” of the trade war. White House spokesperson Johnson mentioned that reconciliation between Trump and Musk might occur; Tesla shares are attempting to recover losses, rising 2.5% today.
- Sentiment on the U.S. stock market remains very solid; the US500 and US100 indices are gaining between 0.1% and 0.2%, both hovering near all-time highs.
- NFIB data suggests improving sentiment among small U.S. business owners (May reading 98.8 vs. 96 and 95.5 previously).
- Sales at large U.S. department stores rose 4.7% year-over-year in May, according to Redbook data; April’s reading was 4.9% year-over-year.
- U.S.-China talks continue; negotiators resumed discussions about 1 PM GMT after a short break. There are still no concrete details or significant “leaks” to the media.
- An economist survey implies GDP growth of 1.4% in 2025 and 1.5% in 2026; over 60% expect at least two rate cuts this year; 59 out of 105 economists indicate the Fed will begin cuts in September.
- The World Bank lowered its U.S. GDP growth forecast for 2025 by 0.9 percentage points to 1.4% year-over-year and by 0.4 percentage points for 2026.
US500 (Daily Chart)
The S&P 500 futures contract (US500) is up 0.2% after the session opened, but bulls still face fairly strong selling pressure that is currently holding back a breakout. If the index manages to rise above 6050 points, the path to testing historical highs appears open.
Źródło: xStation5
Source: xStation5
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appUS100 (4-Hour Chart)
US100 remains in an uptrend, trading above both the 25-period and 50-period exponential moving averages (EMA). However, the index struggles to break through the key resistance level at 21,870 points.
Source: xStation
Apple Cuts iPhone Sales Forecast
At its developer conference, Apple mainly showcased visual updates (“Liquid Glass”), a new gaming hub, and a fitness tool rather than breakthrough AI innovations. iPhone sales forecasts were lowered by 2–3%.
- The company emphasized better software compatibility with its advanced in-house chips and easier integration across devices (iPhone, iPad, Mac).
- Apple faces regulatory risks: a U.S. court may block a $20 billion-per-year deal with Google, and the company can no longer collect commissions on certain in-app payments.
- Geopolitical tensions are escalating — Trump’s trade policies are forcing Apple to move production from China to the U.S.; shares have fallen 20% since the start of the year, representing roughly $750 billion in lost market value.
Company News
-
Brown & Brown.US (BRO.US): Shares loses 1% after announcing the acquisition of Accession Risk Management Group for a staggering $9.825 billion.
-
Gryphon Digital Mining Inc.US (GRYP.US): Stock drops 2.5% following the release of financial reports for American Bitcoin Corp., linked to Trump.
-
Insmed.US (INSM.US): Shares surge 25% after positive test results for an inhalation powder drug treating lung disease.
-
McDonald’s.US (MCD.US): Redburn downgraded the fast-food giant from “buy” to “sell.” Shares fall slightly as analysts warn that weight-loss drugs are curbing customer appetites, posing a long-term threat to McDonald’s business.
-
Tencent Music ADRs.US (TME.US): Shares jumps more than 2% following news of acquiring podcast startup Ximalaya.
-
Tesla.US (TSLA.US): Shares rose 2.2% in premarket, continuing a rebound after a selloff triggered by the Musk-Trump feud. As for now, the stock is up almost 2.5%.
Apple (D1 interval)
Apple shares are still below EMA200 resistance zone, pressured by recent news.
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.