Market Information Tuesday 02 June 2026

The Office of the United States Trade Representative (USTR) has proposed 25% tariffs on Brazilian goods under Section 301, citing unreasonable practices that burden U.S. commerce, including anti-corruption enforcement, intellectual property protection, and illegal deforestation. USTR Jamieson Greer noted that while constructive meetings have taken place between both presidents, substantial differences remain. A hearing is scheduled for July 6. Separately, the White House announced tariff adjustments on steel, aluminium, and copper imports, reducing levies on agricultural equipment from 25% to 15%.

Australia’s Fair Work Commission has announced a 4.75% minimum wage increase for 2.8 million lower-paid workers, effective July 1, raising the weekly minimum to A$1,004.90 (A$26.44 per hour). The rise exceeds last year’s 3.5% increase and may add to existing inflationary pressures, with consumer price inflation at 4.1% in the first quarter and expected to peak at 4.8%. Analysts at Citi believe the decision reinforces expectations that the Reserve Bank of Australia (RBA) will raise interest rates a fourth time this year, to 4.6% in August.

At the annual Choose France summit, companies pledged a record €93 billion in foreign investment across 71 projects, expected to create more than 15,600 jobs. The largest commitment comes from Japanese tech investor SoftBank, which will invest €45 billion to build three data centres with a combined capacity of 3.1 gigawatts in the Hauts-de-France region by 2031, potentially rising to €75 billion. President Macron is positioning France as a European artificial intelligence (AI) hub, leveraging the country’s fleet of 57 nuclear reactors to power data centres.

The 6M Euribor increased with 5 basis points to 2.55% compared to previous business day. The 10Y Swap increased with 7 basis points to 3.04% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.