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Episode Description
Generated finance podcast with host Dusty based on prompt: Finance and economic news from yesterday and today
Episode Transcript
Welcome to "Profit Insights," where we dive deep into yesterday's market movements, financial shifts, and emerging trends you need to know about. I'm your host, Dusty, here to navigate us through the dynamic world of finance and economics.
Kicking things off, let's delve into the latest market overview. On June 1, 2025, the S&P 500 soared by 18% since April's lows, an encouraging note driven by strong earnings from companies like Salesforce and a few retail stars. But investors remain cautiously optimistic, with trade tensions stirring some uncertainty. President Trump's announcement of a tariff hike on steel and aluminum to 50% has added a layer of anxiety to the mix, reminding us all of the market's fickle nature.
Now, onto the day's key financial stories. Fresh changes came into play on June 1st that might alter your money management strategies. Notably, credit card users should stay alert to new fees, especially if you're fueling up or paying utility bills. Banks such as Kotak Mahindra have adjusted their regulations, and many might feel the pinch from revised international transaction fees or capped reward points.
Meanwhile, fixed deposit rates saw some movement too. Banks like Suryoday Small Finance and ICICI reduced interest rates, potentially altering the landscape for those seeking secure savings growth. For instance, senior citizens will find ICICI's maximum rate is now 7.35%, a slight shift that could influence financial planning.
In household news, LPG cylinder prices were revised, reflecting market trends. And speaking of essentials, the deadline for free Aadhaar updates is fast approaching on June 14th, a heads-up for those needing to make changes.
Let's talk about the broader economic radar. With central banks in focus, upcoming decisions from the ECB and the Bank of Canada have the spotlight, as well as the unfolding US-China trade scenario. Historically, June might be calm for stock gains, but this year’s market mood seems a bit more complex, with major shifts potentially in the pipeline.
Rounding off today's insights, let's glance at the investment tips section. If you're eyeing earnings reports, keep an eye on CrowdStrike and Broadcom this week. Both companies are poised for action, with cybersecurity and semiconductors capturing investor interest despite recent tremors in their sectors.
Also, gauge the global pulse with economic indicators like the U.S. Nonfarm Payrolls and Eurozone CPI to inform your next moves. These numbers promise to color the financial landscape in the days ahead.
As always, let's end on a thoughtful note. In the whirlwind of numbers and news, remember: when the dust settles, only the truth remains. Thanks for tuning into "Profit Insights." I'm Dusty, and I look forward to guiding you through tomorrow’s market adventures.
Supporting Data
Okay, here is a summary of the financial news, market data, stock performance, economic indicators, and financial trends from yesterday, June 1, 2025.
**Key Financial Changes and News from June 1, 2025:**
Several important financial changes took effect on June 1, 2025, impacting daily money management. These include new rules for credit card usage, potential changes to ATM withdrawal charges, revisions to LPG cylinder prices based on market trends, and adjustments to fixed deposit interest rates by some banks.
* **Credit Card Rules:** Starting June 1, new credit card regulations may result in extra charges for utility bill or fuel payments. For instance, Kotak Mahindra Bank will impose a 1% fee on fuel payments exceeding a set monthly limit. Reward points might be capped for payments like rent, utility bills, and insurance, and penalties for failed auto-debits could decrease to 2%. Banks may also revise international transaction fees and rewards. Kotak Mahindra Bank, specifically, revised its credit card fee structure effective June 1, 2025, including new fees for services like standing instruction failures and dynamic currency conversion, and a new method for calculating the Minimum Amount Due.
* **Fixed Deposit Rates:** Some banks reduced fixed deposit (FD) interest rates effective June 1. Suryoday Small Finance Bank, for example, lowered its rates by up to 0.60%, with current FD rates generally ranging from 6.5% to 7.5%. ICICI Bank also reduced rates by up to 20 basis points on select tenures, with senior citizens now earning a maximum of 7.35%. Suryoday Small Finance Bank cut its highest rate for senior citizens from 9.1% to 8.4% on 5-year FDs. From June 1, 2025, Suryoday Small Finance Bank's FD rates will range from 4% to 8.4% for deposits under ₹3 crore.
* **LPG Prices:** LPG cylinder prices were due for revision on June 1 based on market trends.
* **Aadhaar Updates:** The deadline for free Aadhaar updates on the myAadhaar portal is June 14, 2025.
* **EPFO 3.0:** The Employees' Provident Fund Organisation (EPFO) is expected to introduce EPFO 3.0, potentially enabling instant PF fund withdrawals via UPI and ATMs.
* **SEBI Rules for Mutual Funds:** The Securities and Exchange Board of India (SEBI) implemented new cut-off timings for overnight mutual fund schemes from June 1, 2025: 3 PM for offline transactions and 7 PM for online transactions.
* **Form 16 Deadline:** Employers are required to issue Form 16 (TDS certificate for salaried employees) by June 15, 2025.
* **UPI Payments:** The NPCI has mandated that all UPI apps must display the verified name of the beneficiary from June 30.
**Stock Market Performance and Outlook (as of June 1, 2025):**
* The S&P 500 was reported to be up 18% from its April lows. Last week, positive reports from Salesforce ($CRM) and some retail names boosted investor sentiment.
* However, there's a note of caution: the S&P 500 outlook could turn bearish due to trade uncertainty, despite a strong May for global stock markets. President Donald Trump announced an increase in tariffs on steel and aluminum to 50% from 25% after markets closed on Friday, fueling investor anxiety.
* The main stock market index in the United States (US500) had decreased by 9 points or 0.15% since the beginning of 2025, according to trading on a contract for difference (CFD). It was expected to trade at 5846.66 points by the end of the current quarter. Historically, the United States Stock Market Index reached an all-time high of 6152.87 in February 2025.
* The S&P 500 was at a level of 5569.06 in April 2025, down 0.76% from March 2025 but up 10.59% from April 2024.
* Looking at the week ahead (starting June 2), markets will be focused on U.S. economic data, rate decisions from the ECB and Bank of Canada, and particularly the U.S.-China trade situation.
* The S&P 500 chart showed a doji candle on Friday, indicating trader uncertainty. Resistance is seen near the 6,000 level, with key support around the 200-day moving average (approximately 5,785) and the 5695-5730 zone.
* May was noted as the best month for markets in the last 12. Last week, the "Mag 7" (referring to seven large tech-focused stocks) led the market higher.
**Economic Indicators and Trends (as of June 1, 2025):**
* **Consumer Sentiment:** The Conference Board's Consumer Sentiment survey showed an improvement in Americans' views of the economy, the first boost in five months, partly attributed to the US-China trade deal.
* **U.S. Treasury Bonds and Dollar:** U.S. Treasury bonds experienced their first monthly decline of the year, and the dollar's exchange rate fell for the fifth consecutive month, the longest downward trend since 2020, indicating economic uncertainty.
* **Gold:** Spot gold dropped approximately 2% on Friday (May 30th), barely achieving a five-month rise.
* **Mortgage Rates:** As of June 1, 2025, 30-year fixed mortgage rates decreased to 6.77% (down 7 basis points), while 15-year fixed mortgage rates rose slightly to 6.02%. The market forecast expects 30-year rates to remain around 6.7% through September 2025.
* **Upcoming Economic Events (Week of June 2 - June 6):**
* Federal Reserve Governor Waller was scheduled to speak on economic prospects on Monday (June 2).
* Chicago Fed President Goolsbee (a 2025 FOMC voting member) was set to participate in Q&A sessions on Tuesday (June 3).
* Federal Reserve Chair Powell was to deliver opening remarks at an event on Tuesday.
* Release of U.S. April JOLTs job openings and April factory orders monthly rate on Tuesday.
* The Federal Reserve will release the Beige Book on economic conditions on Thursday (June 5).
* U.S. May Challenger job cuts, initial jobless claims, and April trade balance to be reported on Thursday.
* Key global data releases expected include U.S. Nonfarm Payrolls, ISM Manufacturing and Non-Manufacturing PMIs, Eurozone CPI, ECB Interest Rate Decision, and GDP data. Brazil will also release several high-impact indicators.
* The New York Fed's Economic Indicators Calendar lists releases for construction, ISM Manufacturing, Multivariate Core Trend Inflation, and R-Star (HLW Estimates) for Monday, June 2.
**Company Earnings (as of June 1, 2025):**
* Nasdaq indicated that 124 earnings reports are expected over the next few weeks.
* **Companies to Watch (reporting in the upcoming week/period):**
* CrowdStrike ($CRWD): Reporting soon, with expectations low following recent layoffs and disappointing news from others in the cybersecurity sector like Okta ($OKTA) and SentinelOne ($S).
* Broadcom ($AVGO): Expected to report on Thursday, offering another key report from the semiconductor sector after Nvidia's ($NVDA) strong results.
* Other notable mentions for upcoming reports include Lululemon ($LULU), Brown Forman ($BF.B), Vail Resorts ($MTN), Samsara ($IOT), Rubrik ($RBRK), and DocuSign ($DOCU).
* The earnings calendar on Nasdaq for Sunday, June 1, 2025, did not list specific company earnings reports for that day itself but highlighted upcoming reports.
* AInvest's calendar showed 0 earnings reports scheduled for Sunday, June 1, 2025.
* Seeking Alpha's earnings calendar listed 1 company, Argo Blockchain (ARBK), associated with June 1, 2025, though the specific report date relative to this seems to be more of a general listing for the period.
* MarketBeat listed upcoming earnings for CrowdStrike (6/3/2025), Haleon (6/4/2025), and Broadcom (6/5/2025).
**Financial Trends (as of June 1, 2025):**
* **Trade Uncertainty:** Trade policy, particularly U.S. tariffs (including the recently announced increase on steel and aluminum), remains a significant factor influencing market sentiment and potentially leading to volatility.
* **Market Calmness in June:** Historically, June is one of the calmest months for gains in U.S. stocks. The S&P 500 has averaged only a 0.2% rise in June over the past 30 years, compared to an average of 0.8% in other months. In post-presidential election years, the S&P 500 typically struggles in early June.
* **Focus on Central Banks:** Markets are looking towards upcoming interest rate decisions from major central banks like the ECB and the Bank of Canada, as well as continued attention on Federal Reserve communications.
* **Shift in India's Financial System:** The various changes effective June 1 in India (EPFO, mutual fund timings, credit card rules, FD rates) reflect broader shifts in the country's financial landscape, impacting both long-term planning and daily money management.
This summary is based on the information available from the search results for June 1, 2025.
**Sources:**
1. [abplive.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXEVad6dVDg94ozEsrCLwq38HZD4dhYIOPBtO8aeDQwvfqdiVoEjmMzHaMxIYA9Ia3_mBMQX-FLQJhRabF3aOUnApOdyHQI9BI8CYwTSdg5X8feDxhB_UXYvsD38OT32DesXOfHjZLbR-a0XOzU7m_diG7wk0DQDm_I64bGjD_eLJJ3llwf4ENflzEBHrzwPbnINeIn81EzemKNh8MBUhsYg2Rlu7nS5kf9upA==)
2. [india.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXHnbYphEkcvvnMATqmmoYy4oiWZK0i3l038hdKIs5Kp3Ib0m0frNm0jdH-7pZlAsQOMEBcwt_6BkFRCJeQupicSc60DFriOskLtvHET2V9fWZXYupR9IIXRXn0YBs4hu6q2oYY7wLnHSIv3DyRXzLbynsxbg1iKcrdOskYiq9qhqR2t0CUDiSVjUZUY_89Zy8V3nQQ2fyyb6G2zdZt09cDUse5e1WsN4Z40UpqfY4-Mz3alwx2Ha4qbwCYpWmvkzJzMAUlium5nJ4yUc4VsQ89hgtLvEROyuUF-M_U0h9NJ53QaPQJhatg=)
3. [forex.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXH9YUyoFWrRis5iKTa4jnh0Rq7cs6nPQl4HYx9kES4zwAarvCvD6D1ooHJyL4fq-KzLvfXk2KC9ih6nzbn8H8qNUKHo90oztUwEMwAr1Xhxbvl0HeP4IPQYXxuTo8V2v6yNfFZ_lwtV2p-in_-82zkD-FFNGkhzDRmDXCCSeIA4rqy9X8k=)
4. [livemint.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXHy8eHpu15p9nowWHmDdP70Jzp9-tHXiyF8bwk3gFHTQMHi_UNgoVs7NJRAvr7ldeqdZhk_osg_jkj_43mMW-BI2sFv-q2AOO4vll4hPa-9dakDpryiCRViz8tQW0H9JsJIAKBrlVVRLnNf649OL0Wfwvo3oX0mw1fP1gOs19_ZJCDsx-gHZYah69B9kyzDvew9vm4iTQ1iNb3eoy1-vkP9nPTDSavskdaRVg6rnd9KL2eWblSX8UCM6UefQtIJanQh8yQOg5WtZs5KTHl5cpefGtnJkBIIZXzP4OWfWKe3ejnsIBCLtyEVGjTK)
5. [noradarealestate.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXFUE3CzXNO9rzyK_zHu5gpCbpnAohHhu6PbwaEwdKmDOtMJB2t7QHqdCR_RDzPrgAWykTPsdmbSOv3hZ9Xfsk7U3VYh_PE_fdMipKF8mmbZdZI8vpkxT4iR34OEV1UAoPWfqyPuAIxD0l0t4aL93nyf8Gtb430ZhrCHU5Xw9QLEtgh5o7MVvJx-O8YcXB7w6RFyajXgRj1E1dw_wVAhiWKQZQ==)
6. [readthejoe.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXF-dndMGWJcTbU1JbX7XpXLeGvjMaBQzM9Qc5sStUFzHJpDMQckRiqZ0hJyKfC44o99ADJYVXt24vPMHO-p8PG4dQteA0hDHgy3H56PKzygMZrhjHqb7LmQfNZN-K8hrH1Yo_wei_FeWG1ZQ8JuXqNUUhV0PTNQlrSQA08=)
7. [riotimesonline.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXEeoO_dYyGqgCzdupaftJle2EUJwfvHdcODAbEPcoVmxxZ9QyKGhhoreA7KaRGQ_wQU1qu0YNQa8E1Uql-ZFsAjJbIX9dhsT6Hlu2GRqfOI4FB9aB89iQWCoWoFvRXcJRi_yQWhmEcEMzMD4eU5C4NnMSoB3MBmhCeVuDNBBO0rGmTCB5p2eePM8bbld2pkMCgPVgEKjQynq_-1K6SiFnuWxQ==)
8. [forex.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXFFcpcIQV3ddh59DprQBIL76EEgAKqI60a_AFG1k_K6qY0dAfUlMyUTAVVnj8tyVLrWU24CFfha2JSv1vY84PLZNYqNVJ7Fxrxa2m0X951LDQXHC6k-kuVBb7D_1Q65BdVHK9Y0k7M37IHtj-C8Sk7BtneS9rVS7Y6bsP694cLxayD9YsX_548=)
9. [tradingeconomics.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXEG0YlxDWgeSrf7XoDn92vleB4ZxFPS40gwljlo_cVi7HIj20o1RtVuw56QIEbuNGNiOU7m2AAl1gClA1ZzYHmmPyr-LJXNcaQQR7dUQmK2qVuJiSHIbyHPnpb1tPkOmq6l9HKuqSRtzM8N8vhN)
10. [ycharts.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXHD8HnhxzOj3BTW1WTX3V04tb8RK2CuDC86m1gz55fhhr6LkB_exhybsWM4t8BoMXfiirIjECsd6Lbr1OOTaKguYVHg6nDSFHEO9cpFnlGahA62FSfMnaoGtggS)
11. [seekingalpha.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXGI7PSUYaNoBiird9XiWobteGA2g627KaETKF5OGw4r2HcdoSkmWXDTFvWvRZ_41-23rjyk8xx7iq7tDJdoKCL6NOYjvBN03NCs4nNsrQEvL5Mdddtdl42ja5UdE7ODYzVuCN0N1UiVRUolvcXwAyTH114hNYg5O6fobok4tDftJnEpbDgb)
12. [ainvest.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXGiZiWzu2oZkzTcJtR-Tfn59js9gDGOzy-PVFiK2SeW60TqWUFDn94UyxNOPUQH--QyRcs6x7QqEsKh3eSeV2VGl51BOSedW6iiWac5L6xgIzFb7MUyV2PNM228LdrS1Bo8tTpACYNX6RxlijX0b1pXJw==)
13. [riotimesonline.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXFhLfGE9GdXT21rVtxK7iNTdwHNU3mTgQnnL9FZNevKUZ7aT4Qu974mOLgZjDSheeyDcnMFYNPlD3GQO2dsWagHl_5azr0GBlPA6YRNTyflVIW3naKi9q4XsDoq-dvOwvSYzGbNbj7Qa7tl7IGat-D9_wpkxBGQTInQkpcrQnaco1BISvTlzRkKaXLTgYdvaHheaFr_a8_i1ipmyk6Lek6N9A==)
14. [readthejoe.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXFGO8QmvG2k0i1OcLrYZz6e8BhMUiSwlJ7WngCz8AIwJimukvMYUYFapottt2hLS0vwqOk8gmiFc9X-425Z-ZeiCsLWfuo2RDSLvRhGMcKgZAz-MntutVvBpL_2mWpw7OUMt8fL-1aiCn58My860ETs35EBJmgMlR7Img==)
15. [angelone.in](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXHkcHtFFf9HsuXdPU8B-DSwuqn2OFKJmU2WHIJjUAz64S1vLFlNDTJQqHCsRTlcfT8H_drhjnEPI6yk1Nl9HM26FaldGpEuYXjVqS9ORbEBWOujYkfZzNYHaDgqBHNcnYczDaaCxH2piXxplVReMUmZPuBaSpp3H3cm1WDCZ-_qDKBJF90MRUWowmwKiB31WhEyGGb8wbTETA8=)
16. [seekingalpha.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXF5s51XP0Lv3VsWw_jk_8p0Fu0XG08yFkbf6JJks3tszHMLvvJMLVz-bjcnIFTQbiL7_XhgjJOjt1xUs647aOqfvYVfD7XZJXZErWVMo-I56cjbPFWwjPh0-9-Cpy8M1CNgH-1JdxYdpg==)
17. [tradingeconomics.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXH3jKRG5O1IOpzaf-49aXqdF4jAhxwTsAs-4cVnM7njjsVr7QTzl0PKxk7ij7EvKlVvZNfS6TTke5HsPYWplFDnpt7xX_OTZ5llTozMRDL0bZDMa9JjNJlZy2Dab-W8SZUnHgeoN_kkCPuQd8_fWVUmhiw=)
18. [binance.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXHNjWr8kvdTYw78-Q_ju6RwYHPer2RgpTBgWBF1BVX1rSJF4alfhyf7TXGtdwl_BYKHa4fsiiBAQxgcQYzRu9T6q_T_vG0zO1Wii0HWDyDZMIMLzG-q941O-5ILzxCoM5qNiqYjpzI_18N2dojhLoa33dOsa9agDRsmQ2QyHxcjgFk1AQy1MTEe6mSVghkMOCgq3UODv7l-VNxqBvBN5vjrYmyZxgzniJiqdmMHmVw=)
19. [newyorkfed.org](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXGhE01BILvBfWF0CvZtwJteMQigTW-mz-UKtsUjN9e4jnnduA51PVBHQEjw4fyH19s4YOxEAPduPw2H9DCGtiTJ3H0HPiMxQr1cFgFp_jDPyFR1OCpuw7o4-3P8tr642AldimOJl8QaePqLA_aLEZ9JjWQzSQ==)
20. [tradingeconomics.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXGhZfU0pMkwGihT5YCoOfkyBsEMxgCeVoBh6B79Q5GrQv7sttPGcZnvmCUQq0zAbdlj_5rDJOZfOu5F0cC3ztlrrFBhuISyIDeEZTGfDwC7F5WOVAWZjXrk8gsP)
**Key Financial Changes and News from June 1, 2025:**
Several important financial changes took effect on June 1, 2025, impacting daily money management. These include new rules for credit card usage, potential changes to ATM withdrawal charges, revisions to LPG cylinder prices based on market trends, and adjustments to fixed deposit interest rates by some banks.
* **Credit Card Rules:** Starting June 1, new credit card regulations may result in extra charges for utility bill or fuel payments. For instance, Kotak Mahindra Bank will impose a 1% fee on fuel payments exceeding a set monthly limit. Reward points might be capped for payments like rent, utility bills, and insurance, and penalties for failed auto-debits could decrease to 2%. Banks may also revise international transaction fees and rewards. Kotak Mahindra Bank, specifically, revised its credit card fee structure effective June 1, 2025, including new fees for services like standing instruction failures and dynamic currency conversion, and a new method for calculating the Minimum Amount Due.
* **Fixed Deposit Rates:** Some banks reduced fixed deposit (FD) interest rates effective June 1. Suryoday Small Finance Bank, for example, lowered its rates by up to 0.60%, with current FD rates generally ranging from 6.5% to 7.5%. ICICI Bank also reduced rates by up to 20 basis points on select tenures, with senior citizens now earning a maximum of 7.35%. Suryoday Small Finance Bank cut its highest rate for senior citizens from 9.1% to 8.4% on 5-year FDs. From June 1, 2025, Suryoday Small Finance Bank's FD rates will range from 4% to 8.4% for deposits under ₹3 crore.
* **LPG Prices:** LPG cylinder prices were due for revision on June 1 based on market trends.
* **Aadhaar Updates:** The deadline for free Aadhaar updates on the myAadhaar portal is June 14, 2025.
* **EPFO 3.0:** The Employees' Provident Fund Organisation (EPFO) is expected to introduce EPFO 3.0, potentially enabling instant PF fund withdrawals via UPI and ATMs.
* **SEBI Rules for Mutual Funds:** The Securities and Exchange Board of India (SEBI) implemented new cut-off timings for overnight mutual fund schemes from June 1, 2025: 3 PM for offline transactions and 7 PM for online transactions.
* **Form 16 Deadline:** Employers are required to issue Form 16 (TDS certificate for salaried employees) by June 15, 2025.
* **UPI Payments:** The NPCI has mandated that all UPI apps must display the verified name of the beneficiary from June 30.
**Stock Market Performance and Outlook (as of June 1, 2025):**
* The S&P 500 was reported to be up 18% from its April lows. Last week, positive reports from Salesforce ($CRM) and some retail names boosted investor sentiment.
* However, there's a note of caution: the S&P 500 outlook could turn bearish due to trade uncertainty, despite a strong May for global stock markets. President Donald Trump announced an increase in tariffs on steel and aluminum to 50% from 25% after markets closed on Friday, fueling investor anxiety.
* The main stock market index in the United States (US500) had decreased by 9 points or 0.15% since the beginning of 2025, according to trading on a contract for difference (CFD). It was expected to trade at 5846.66 points by the end of the current quarter. Historically, the United States Stock Market Index reached an all-time high of 6152.87 in February 2025.
* The S&P 500 was at a level of 5569.06 in April 2025, down 0.76% from March 2025 but up 10.59% from April 2024.
* Looking at the week ahead (starting June 2), markets will be focused on U.S. economic data, rate decisions from the ECB and Bank of Canada, and particularly the U.S.-China trade situation.
* The S&P 500 chart showed a doji candle on Friday, indicating trader uncertainty. Resistance is seen near the 6,000 level, with key support around the 200-day moving average (approximately 5,785) and the 5695-5730 zone.
* May was noted as the best month for markets in the last 12. Last week, the "Mag 7" (referring to seven large tech-focused stocks) led the market higher.
**Economic Indicators and Trends (as of June 1, 2025):**
* **Consumer Sentiment:** The Conference Board's Consumer Sentiment survey showed an improvement in Americans' views of the economy, the first boost in five months, partly attributed to the US-China trade deal.
* **U.S. Treasury Bonds and Dollar:** U.S. Treasury bonds experienced their first monthly decline of the year, and the dollar's exchange rate fell for the fifth consecutive month, the longest downward trend since 2020, indicating economic uncertainty.
* **Gold:** Spot gold dropped approximately 2% on Friday (May 30th), barely achieving a five-month rise.
* **Mortgage Rates:** As of June 1, 2025, 30-year fixed mortgage rates decreased to 6.77% (down 7 basis points), while 15-year fixed mortgage rates rose slightly to 6.02%. The market forecast expects 30-year rates to remain around 6.7% through September 2025.
* **Upcoming Economic Events (Week of June 2 - June 6):**
* Federal Reserve Governor Waller was scheduled to speak on economic prospects on Monday (June 2).
* Chicago Fed President Goolsbee (a 2025 FOMC voting member) was set to participate in Q&A sessions on Tuesday (June 3).
* Federal Reserve Chair Powell was to deliver opening remarks at an event on Tuesday.
* Release of U.S. April JOLTs job openings and April factory orders monthly rate on Tuesday.
* The Federal Reserve will release the Beige Book on economic conditions on Thursday (June 5).
* U.S. May Challenger job cuts, initial jobless claims, and April trade balance to be reported on Thursday.
* Key global data releases expected include U.S. Nonfarm Payrolls, ISM Manufacturing and Non-Manufacturing PMIs, Eurozone CPI, ECB Interest Rate Decision, and GDP data. Brazil will also release several high-impact indicators.
* The New York Fed's Economic Indicators Calendar lists releases for construction, ISM Manufacturing, Multivariate Core Trend Inflation, and R-Star (HLW Estimates) for Monday, June 2.
**Company Earnings (as of June 1, 2025):**
* Nasdaq indicated that 124 earnings reports are expected over the next few weeks.
* **Companies to Watch (reporting in the upcoming week/period):**
* CrowdStrike ($CRWD): Reporting soon, with expectations low following recent layoffs and disappointing news from others in the cybersecurity sector like Okta ($OKTA) and SentinelOne ($S).
* Broadcom ($AVGO): Expected to report on Thursday, offering another key report from the semiconductor sector after Nvidia's ($NVDA) strong results.
* Other notable mentions for upcoming reports include Lululemon ($LULU), Brown Forman ($BF.B), Vail Resorts ($MTN), Samsara ($IOT), Rubrik ($RBRK), and DocuSign ($DOCU).
* The earnings calendar on Nasdaq for Sunday, June 1, 2025, did not list specific company earnings reports for that day itself but highlighted upcoming reports.
* AInvest's calendar showed 0 earnings reports scheduled for Sunday, June 1, 2025.
* Seeking Alpha's earnings calendar listed 1 company, Argo Blockchain (ARBK), associated with June 1, 2025, though the specific report date relative to this seems to be more of a general listing for the period.
* MarketBeat listed upcoming earnings for CrowdStrike (6/3/2025), Haleon (6/4/2025), and Broadcom (6/5/2025).
**Financial Trends (as of June 1, 2025):**
* **Trade Uncertainty:** Trade policy, particularly U.S. tariffs (including the recently announced increase on steel and aluminum), remains a significant factor influencing market sentiment and potentially leading to volatility.
* **Market Calmness in June:** Historically, June is one of the calmest months for gains in U.S. stocks. The S&P 500 has averaged only a 0.2% rise in June over the past 30 years, compared to an average of 0.8% in other months. In post-presidential election years, the S&P 500 typically struggles in early June.
* **Focus on Central Banks:** Markets are looking towards upcoming interest rate decisions from major central banks like the ECB and the Bank of Canada, as well as continued attention on Federal Reserve communications.
* **Shift in India's Financial System:** The various changes effective June 1 in India (EPFO, mutual fund timings, credit card rules, FD rates) reflect broader shifts in the country's financial landscape, impacting both long-term planning and daily money management.
This summary is based on the information available from the search results for June 1, 2025.
**Sources:**
1. [abplive.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXEVad6dVDg94ozEsrCLwq38HZD4dhYIOPBtO8aeDQwvfqdiVoEjmMzHaMxIYA9Ia3_mBMQX-FLQJhRabF3aOUnApOdyHQI9BI8CYwTSdg5X8feDxhB_UXYvsD38OT32DesXOfHjZLbR-a0XOzU7m_diG7wk0DQDm_I64bGjD_eLJJ3llwf4ENflzEBHrzwPbnINeIn81EzemKNh8MBUhsYg2Rlu7nS5kf9upA==)
2. [india.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXHnbYphEkcvvnMATqmmoYy4oiWZK0i3l038hdKIs5Kp3Ib0m0frNm0jdH-7pZlAsQOMEBcwt_6BkFRCJeQupicSc60DFriOskLtvHET2V9fWZXYupR9IIXRXn0YBs4hu6q2oYY7wLnHSIv3DyRXzLbynsxbg1iKcrdOskYiq9qhqR2t0CUDiSVjUZUY_89Zy8V3nQQ2fyyb6G2zdZt09cDUse5e1WsN4Z40UpqfY4-Mz3alwx2Ha4qbwCYpWmvkzJzMAUlium5nJ4yUc4VsQ89hgtLvEROyuUF-M_U0h9NJ53QaPQJhatg=)
3. [forex.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXH9YUyoFWrRis5iKTa4jnh0Rq7cs6nPQl4HYx9kES4zwAarvCvD6D1ooHJyL4fq-KzLvfXk2KC9ih6nzbn8H8qNUKHo90oztUwEMwAr1Xhxbvl0HeP4IPQYXxuTo8V2v6yNfFZ_lwtV2p-in_-82zkD-FFNGkhzDRmDXCCSeIA4rqy9X8k=)
4. [livemint.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXHy8eHpu15p9nowWHmDdP70Jzp9-tHXiyF8bwk3gFHTQMHi_UNgoVs7NJRAvr7ldeqdZhk_osg_jkj_43mMW-BI2sFv-q2AOO4vll4hPa-9dakDpryiCRViz8tQW0H9JsJIAKBrlVVRLnNf649OL0Wfwvo3oX0mw1fP1gOs19_ZJCDsx-gHZYah69B9kyzDvew9vm4iTQ1iNb3eoy1-vkP9nPTDSavskdaRVg6rnd9KL2eWblSX8UCM6UefQtIJanQh8yQOg5WtZs5KTHl5cpefGtnJkBIIZXzP4OWfWKe3ejnsIBCLtyEVGjTK)
5. [noradarealestate.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXFUE3CzXNO9rzyK_zHu5gpCbpnAohHhu6PbwaEwdKmDOtMJB2t7QHqdCR_RDzPrgAWykTPsdmbSOv3hZ9Xfsk7U3VYh_PE_fdMipKF8mmbZdZI8vpkxT4iR34OEV1UAoPWfqyPuAIxD0l0t4aL93nyf8Gtb430ZhrCHU5Xw9QLEtgh5o7MVvJx-O8YcXB7w6RFyajXgRj1E1dw_wVAhiWKQZQ==)
6. [readthejoe.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXF-dndMGWJcTbU1JbX7XpXLeGvjMaBQzM9Qc5sStUFzHJpDMQckRiqZ0hJyKfC44o99ADJYVXt24vPMHO-p8PG4dQteA0hDHgy3H56PKzygMZrhjHqb7LmQfNZN-K8hrH1Yo_wei_FeWG1ZQ8JuXqNUUhV0PTNQlrSQA08=)
7. [riotimesonline.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXEeoO_dYyGqgCzdupaftJle2EUJwfvHdcODAbEPcoVmxxZ9QyKGhhoreA7KaRGQ_wQU1qu0YNQa8E1Uql-ZFsAjJbIX9dhsT6Hlu2GRqfOI4FB9aB89iQWCoWoFvRXcJRi_yQWhmEcEMzMD4eU5C4NnMSoB3MBmhCeVuDNBBO0rGmTCB5p2eePM8bbld2pkMCgPVgEKjQynq_-1K6SiFnuWxQ==)
8. [forex.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXFFcpcIQV3ddh59DprQBIL76EEgAKqI60a_AFG1k_K6qY0dAfUlMyUTAVVnj8tyVLrWU24CFfha2JSv1vY84PLZNYqNVJ7Fxrxa2m0X951LDQXHC6k-kuVBb7D_1Q65BdVHK9Y0k7M37IHtj-C8Sk7BtneS9rVS7Y6bsP694cLxayD9YsX_548=)
9. [tradingeconomics.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXEG0YlxDWgeSrf7XoDn92vleB4ZxFPS40gwljlo_cVi7HIj20o1RtVuw56QIEbuNGNiOU7m2AAl1gClA1ZzYHmmPyr-LJXNcaQQR7dUQmK2qVuJiSHIbyHPnpb1tPkOmq6l9HKuqSRtzM8N8vhN)
10. [ycharts.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXHD8HnhxzOj3BTW1WTX3V04tb8RK2CuDC86m1gz55fhhr6LkB_exhybsWM4t8BoMXfiirIjECsd6Lbr1OOTaKguYVHg6nDSFHEO9cpFnlGahA62FSfMnaoGtggS)
11. [seekingalpha.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXGI7PSUYaNoBiird9XiWobteGA2g627KaETKF5OGw4r2HcdoSkmWXDTFvWvRZ_41-23rjyk8xx7iq7tDJdoKCL6NOYjvBN03NCs4nNsrQEvL5Mdddtdl42ja5UdE7ODYzVuCN0N1UiVRUolvcXwAyTH114hNYg5O6fobok4tDftJnEpbDgb)
12. [ainvest.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXGiZiWzu2oZkzTcJtR-Tfn59js9gDGOzy-PVFiK2SeW60TqWUFDn94UyxNOPUQH--QyRcs6x7QqEsKh3eSeV2VGl51BOSedW6iiWac5L6xgIzFb7MUyV2PNM228LdrS1Bo8tTpACYNX6RxlijX0b1pXJw==)
13. [riotimesonline.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXFhLfGE9GdXT21rVtxK7iNTdwHNU3mTgQnnL9FZNevKUZ7aT4Qu974mOLgZjDSheeyDcnMFYNPlD3GQO2dsWagHl_5azr0GBlPA6YRNTyflVIW3naKi9q4XsDoq-dvOwvSYzGbNbj7Qa7tl7IGat-D9_wpkxBGQTInQkpcrQnaco1BISvTlzRkKaXLTgYdvaHheaFr_a8_i1ipmyk6Lek6N9A==)
14. [readthejoe.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXFGO8QmvG2k0i1OcLrYZz6e8BhMUiSwlJ7WngCz8AIwJimukvMYUYFapottt2hLS0vwqOk8gmiFc9X-425Z-ZeiCsLWfuo2RDSLvRhGMcKgZAz-MntutVvBpL_2mWpw7OUMt8fL-1aiCn58My860ETs35EBJmgMlR7Img==)
15. [angelone.in](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXHkcHtFFf9HsuXdPU8B-DSwuqn2OFKJmU2WHIJjUAz64S1vLFlNDTJQqHCsRTlcfT8H_drhjnEPI6yk1Nl9HM26FaldGpEuYXjVqS9ORbEBWOujYkfZzNYHaDgqBHNcnYczDaaCxH2piXxplVReMUmZPuBaSpp3H3cm1WDCZ-_qDKBJF90MRUWowmwKiB31WhEyGGb8wbTETA8=)
16. [seekingalpha.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXF5s51XP0Lv3VsWw_jk_8p0Fu0XG08yFkbf6JJks3tszHMLvvJMLVz-bjcnIFTQbiL7_XhgjJOjt1xUs647aOqfvYVfD7XZJXZErWVMo-I56cjbPFWwjPh0-9-Cpy8M1CNgH-1JdxYdpg==)
17. [tradingeconomics.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXH3jKRG5O1IOpzaf-49aXqdF4jAhxwTsAs-4cVnM7njjsVr7QTzl0PKxk7ij7EvKlVvZNfS6TTke5HsPYWplFDnpt7xX_OTZ5llTozMRDL0bZDMa9JjNJlZy2Dab-W8SZUnHgeoN_kkCPuQd8_fWVUmhiw=)
18. [binance.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXHNjWr8kvdTYw78-Q_ju6RwYHPer2RgpTBgWBF1BVX1rSJF4alfhyf7TXGtdwl_BYKHa4fsiiBAQxgcQYzRu9T6q_T_vG0zO1Wii0HWDyDZMIMLzG-q941O-5ILzxCoM5qNiqYjpzI_18N2dojhLoa33dOsa9agDRsmQ2QyHxcjgFk1AQy1MTEe6mSVghkMOCgq3UODv7l-VNxqBvBN5vjrYmyZxgzniJiqdmMHmVw=)
19. [newyorkfed.org](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXGhE01BILvBfWF0CvZtwJteMQigTW-mz-UKtsUjN9e4jnnduA51PVBHQEjw4fyH19s4YOxEAPduPw2H9DCGtiTJ3H0HPiMxQr1cFgFp_jDPyFR1OCpuw7o4-3P8tr642AldimOJl8QaePqLA_aLEZ9JjWQzSQ==)
20. [tradingeconomics.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXGhZfU0pMkwGihT5YCoOfkyBsEMxgCeVoBh6B79Q5GrQv7sttPGcZnvmCUQq0zAbdlj_5rDJOZfOu5F0cC3ztlrrFBhuISyIDeEZTGfDwC7F5WOVAWZjXrk8gsP)
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