Market Overview - US stock index futures showed slight declines before the market opened, with Dow Jones futures down 0.19%, S&P 500 futures down 0.15%, and Nasdaq 100 futures down 0.08% [1] - The OECD reported a downward revision of the US economic growth forecast for this year to 1.6%, a decrease of 0.6 percentage points from the March estimate, indicating a significant slowdown among major economies [2] - The OECD also raised its inflation forecast for the US by 0.4 percentage points to 3.2% [2] Trade and Tariff Developments - The current tariff levels in the US are at their highest since World War II, despite some tariffs being paused [3] - Former President Trump announced plans to increase tariffs on steel and aluminum imports from 25% to 50% [3] - The EU expressed strong regret over the tariff increase and is prepared to implement countermeasures if a mutually acceptable solution is not reached by July 14 [3] Corporate News - Circle Internet Group plans to raise $880 million in its upcoming IPO by issuing 32 million shares at a price range of $27 to $28 per share, an increase from the previous plan of $24 to $26 per share for 24 million shares [4] - Stellantis Group appointed Sébastien Jacquet as the new Chief Quality Officer, effective immediately [5] - Tesla registered 2,600 new cars in Norway in May, marking a 213% year-over-year increase [6] - Spotify was fined 58 million Swedish Krona for data protection violations under the EU's General Data Protection Regulation [7] - NIO reported Q1 2025 revenue exceeding 12 billion Yuan, a year-over-year increase of over 21%, with a gross margin of 10% [8]