Stocks climb, growth shrinks. On today’s Bullhorn: Wall Street rallies to three-month highs, even as U.S. factory orders slump and global forecasts are cut. We unpack the OECD’s revised outlook, China’s factory contraction, and who’s leading and lagging across London, Europe, and Asia.

Tech, defence, and discount retail are up. Tariffs and uncertainty still loom.

• Intro: Markets rising despite growth headwinds

• Wall Street: Nasdaq, S&P hit highs; Dollar General surges
• U.S. Data: Factory orders fall, job openings rebound
• London: Miners, housebuilders slump; defence stocks shine
• Global Outlook: OECD cuts U.S., UK, and global growth forecasts
• Europe: Inflation falls, tariffs return, Gerresheimer sinks
• Asia: China’s factory slump, Hang Seng gains, Aussie stocks rally
• Currency & Commodities: Dollar firm, oil edges higher
• Wrap: Markets up, but storm clouds building