Economic Summary of the Week from June 2 to June 6, 2025

The first week of June was marked by an apparent contradiction: while employment in the U.S. surprised on the upside, manufacturing and service indicators confirmed a persistent slowdown. Meanwhile, the ECB executed a rate cut amid divergent signals in the eurozone, and Asia experienced a tense week of stimuli, cuts, and geopolitical caution.

In Latin America, the focus was on Colombia, where the potential activation of the fiscal escape clause raised market alarms. In Asia, India’s unexpected rate cut contrasted with China’s monetary caution and Japan’s structural tensions, which continue to face signs of fiscal stress. The S&P500 reached historic highs, while oil rebounded strongly and gold reaffirmed its role as a haven against global uncertainty.

This week’s column —“Trump vs. Musk: when power ceases to be neutral”— offers a critical reading of the fracture between the state and technological capital, posing an uncomfortable question: is the system still capable of containing its own actors?
— new from Al Poniente

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