Global markets rose as U.S. and European equity-index futures and Asian shares gained after President Trump announced 100% tariffs on chip exporters, with exemptions for U.S. investors such as Apple, which pledged $600 billion over four years.
S&P 500 and Nasdaq futures climbed 0.2%, European stocks gained 0.5%, and Asian shares rose 0.9%, led by tech firms.
Oil rebounded after a five-day drop. Ten-year Treasury yields hit 4.25%, while the dollar weakened. Tariff exemptions eased supply chain fears, though no formal order has been issued yet.
Trump also announced plans for peace talks with Russian and Ukrainian leaders. Meanwhile, the U.S. raised tariffs on Indian goods, putting pressure on Indian markets.
China’s exports grew despite tariffs, though its equity markets remained flat.
In corporate news:
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Toyota cut guidance due to tariff impacts.
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Siemens reported strong rail demand.
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Sony raised its earnings forecast.
Market Snapshot:
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Bitcoin fell 0.5% to $114,541.37
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Ether rose 0.3% to $3,686.07
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Spot gold rose 0.1% to $3,373.21 an ounce
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Crude rose 0.6% to $64.71 a barrel
Looking Ahead:
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Bank of England is expected to cut rates by 25bps to 4.00% today, followed by remarks from BoE Governor Bailey.
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Key drivers for the day also include U.S. unemployment claims and remarks from President Trump, expected near market close.
