Key Events That Investors Should Take Note Of 

EU Dismisses Reports that it is Ready to Accept Flat 10% U.S. Tariff  

The European Commission dismissed on Monday reports suggesting it was willing to accept a broad U.S. tariff of 10% on EU goods as speculative and said they did not reflect current discussions. “Negotiations are ongoing, and no agreement has been reached at this stage. The EU has from the start objected to unjustified and illegal U.S. tariffs,” the Commission said in a statement.  

China industrial production misses expectations in May; retail sales surge  

Chinese industrial production grew slightly less than expected in May as high U.S. trade tariffs dented overseas orders and weighed on domestic output. But other data showed Chinese retail sales blew past expectations in May on support from holiday spending and local shopping events, which helped offset broader weakness in consumer spending. Industrial production grew 5.8% year-on-year in May, government data showed on Monday. The reading was just below expectations of 5.9% and fell from the 6.1% rise seen in the prior month.  

Source: HDFC Securities Prime Daily 

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