The benchmark US equity indices recovered from earlier session declines following a Bloomberg News report that the US is debating a postponement to Trump’s 5% tariff on all Mexican imports - which are due to kick in on Monday (10 June) - after the country’s negotiators asked for more time to hash out a deal. - Dow up +181-points or +0.71%, logging its fourth consecutive session advance that has seen the index add over >900-points. The broader S&P500 rose +0.61%, with a rebound in Energy (up +1.73%) leading all eleven primary sectors higher. Both the Dow and S&P500 are on pace for their best weekly performance year-to-date. NASDAQ +0.53%, with Advanced Micro Devices jumping +7.86% after analysts at Morgan Stanley upgraded the US chipmaker (from 'underweight' to 'equal-weight'). Elsewhere on the trade front, President Trump threatened to hit China with tariffs on “at least” another US$300B worth of Chinese goods but said he thought both China and Mexico wanted to make deals in their trade disputes with the United States. Separately, President Trump said he would make a decision about whether to impose a further series of tariffs on Chinese goods after meeting his Chinese counterpart at the G-20 meeting in Japan later this month (29 June).
