Nikkei Hits Record High, US-EU Tariff Spat Intensifies, Mining Stocks Downgraded

1. Japan's Nikkei 225 index closed at a new record high, surging 2.50% to 68402.13 points.
2. The EU's Head of Trade Committee stated that any proposed additional US tariffs above 15% on EU goods are unacceptable.
3. RBC has cut target prices for several precious metals and mining companies, including Wheaton Precious Metals, Franco-Nevada, and Newmont.