The S&P/ASX 200 Index traded flat at 8,434 on Monday, following gains from the previous week, as investors digested the latest PMI figure while monitoring ongoing global trade developments. Earlier today, data showed that Australia's manufacturing sector weakened in May for the second consecutive month, falling to its lowest level since February-signaling a potential slowdown in industrial activity. Last week, figures revealed that retail sales unexpectedly declined in April, highlighting growing consumer caution. Meanwhile, investor sentiment remained shaped by ongoing US-China trade relations, as President Donald Trump expressed willingness to engage in dialogue with Chinese President Xi Jinping, raising hopes for a potential easing of tariff tensions. On the corporate front, banking stocks were among the top performers, with Westpac Banking Corporation climbing 2.7%, National Australia Bank rising 1.3%, and Commonwealth Bank of Australia adding 0.9%.