Midday Market Roundup for Tuesday, June 10, 2025

Good afternoon. Here are the top four global financial and economic topics shaping markets at midday, Tuesday, June 10, 2025:

1. World Bank Slashes Global Growth Outlook on Trade Tensions

The World Bank has sharply cut its 2025 global growth forecast, citing persistent trade tensions and widespread policy uncertainty. The bank now expects global GDP to expand just 2.3% this year, down from a 2.7% estimate in January, marking the slowest pace since 2008 outside of outright recessions. Nearly 70% of economies, including the U.S., China, and those in Europe, have had their forecasts downgraded. The World Bank warns that, unless trade conflicts are resolved soon, the impact on living standards could be severe, with global growth in the 2020s on track to be the slowest since the 1960s. Chief Economist Indermit Gill emphasized that developing economies outside Asia are facing a “development-free zone” as growth and investment slow while debt reaches record levels.

2. S&P 500 Mixed as Tech and Energy Lead, Financials Lag

U.S. stock markets opened with a mixed tone. Early trading showed gains in technology and energy sectors, while financials underperformed. The S&P 500 hovered near recent highs, with positive momentum in leading tech names supporting risk appetite. This sector rotation is also influencing cryptocurrency markets as traders look to tech stock trends for signals on broader risk sentiment. Meanwhile, weakness in financials may indicate a more cautious stance among investors, potentially limiting further gains in equities and crypto assets. This mixed performance of the S&P 500 suggests a complex market sentiment, with potential implications for investment strategies and risk management.

3. Corporate News: Boeing Orders Surge, Media Sector Faces Layoffs

Boeing reported its highest monthly airplane order tally since late 2023, with 303 gross orders in May, ahead of the Paris Air Show. This signals a rebound in demand for commercial aircraft and could provide a boost to the broader industrial sector. The surge in Boeing orders is a positive sign for the aviation industry, indicating potential growth and investment opportunities. In contrast, the media industry is grappling with cost pressures: Paramount announced plans to cut 3% of its U.S. workforce as it prepares for a merger with Skydance Media, and McDonald’s received its third downgrade in a week, with analysts citing concerns over consumer demand and competitive pressures. These developments in the media sector reflect the challenges and restructuring efforts in response to changing market conditions.

4. OECD and World Bank Warn on Risks of Escalating Protectionism

Echoing the World Bank’s concerns, the Organization for Economic Co-operation and Development (OECD) has also lowered its global growth forecasts, projecting global GDP to slow to 2.9% in 2025 and 2026, down from 3.3% last year. The OECD highlights that further increases in trade barriers or prolonged uncertainty could further dampen growth and elevate inflation. These warnings from the OECD and World Bank underscore the potential risks of escalating protectionism, including slower economic growth and higher inflation, and the urgent need for constructive international dialogue to resolve trade disputes and prevent further economic harm.

Sources:
World Bank: https://www.worldbank.org/en/news/press-release/2025/06/10/global-economic-prospects-june-2025-press-release
Blockchain.News: https://blockchain.news/flashnews/s-p-500-early-trading-performance-key-stock-movements-and-crypto-market-implications-june-10-2025
CNBC: https://www.cnbc.com
Al Jazeera: https://www.aljazeera.com/economy/2025/6/10/world-bank-slashes-global-economic-outlook-as-trade-tensions-continue
Reuters: https://www.reuters.com/world/china/oecd-trims-global-outlook-trump-trade-war-hits-us-growth-2025-06-03/

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