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

03 Jun 2026, 04:00 - 08:00 (UTC)
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.
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