US equity-index futures climbed after President Donald Trump signaled an openness to a deal with China, improving sentiment after markets were rattled by a sharp escalation in trade tensions. Contracts for the S&P 500 rose 1.2% and those for the Nasdaq 100 jumped 1.6% as the administration toned down its rhetoric after Trump threatened tariffs of 100% on China in response to Chinese export controls. The 10-year US Treasury futures contract opened higher and oil rose 1.4%. Silver swung near a record as a historic short squeeze in London and trade tensions roiled the market, while gold set a new peak. Cryptocurrencies stabilized and contracts indicated a stronger open for European stocks. Declines in Asian shares, which were closed when Trump made his comments Friday, indicate concerns about the durability of the truce. Mainland China stocks fell 1.8% while Hong Kong had its biggest intraday drop since early April. Japan is closed for a holiday, with no cash trading in Treasuries. Big downward moves in risky assets have been a rarity of late, which may itself be a factor in the jarring reaction to trade tensions. Since the tariff-fueled meltdown in April, the S&P 500 has surged on optimism about AI and hopes for Federal Reserve interest-rate cuts. The gauge is trading near one of its highest valuations in 25 years — leaving a thin cushion for bad news. After China unveiled wide-ranging global export controls on products containing even traces of certain rare earths this past week, Trump fired back by threatening to cancel a planned in-person meeting with Xi Jinping — their first in six years. Trump said he would impose an additional 100% tariff on China as well as export controls on “any and all critical software” beginning Nov. 1. China responded, saying the US should stop threatening it with higher tariffs and urged further negotiations to resolve outstanding trade issues, adding it will not hesitate to retaliate, should Washington persist in its measures against Beijing. On Sunday, the administration signaled an openness to a deal with China with Trump hinting at a possible off-ramp for Xi, while issuing a veiled threat that a full trade war would hurt China. That suggests the US wants to keep up the pressure on China to reverse its most recent trade moves, while trying to reassure spooked markets that a tit-for-tat escalation isn’t inevitable. Meanwhile, Chinese shipments overseas grew at the fastest in six months, far exceeding forecasts in a sign of resilience that’s giving Beijing a stronger hand in the latest trade war with the US. Elsewhere, Australia’s dollar led a rebound in risk-sensitive currencies as Trump’s more conciliatory rhetoric toward China boosted investor sentiment and crimped demand for haven assets. Haven assets dropped Monday with both the yen and Swiss franc weakening against the dollar. An Asian currency index fell to the lowest since May. Markets are seeing “a bit of payback” to Friday’s price action in currencies on hopes of a US-China de-escalation, said Rodrigo Catril, a strategist at National Australia Bank Ltd. in Sydney. In European news, French President Emmanuel Macron announced a new cabinet Sunday as pressure builds for him and his reappointed prime minister, Sebastien Lecornu, to head off France’s growing political crisis and pass a budget. French bond futures opened lower.
Nikkei Closed Hang Seng -2.72% CSI -1.07% Shanghai -0.61% Shenzen -1.47%
Eur$ 1.1620 CNH 7.1359 CNY 7.1298 JPY 151.86 GBP 1.3349 CHF 0.8013 RUB 81.7341 TRY 41.8174 WTI$ 59.72 +1.39% Gold 4,0666 +1.19% BTC 114,750 -0.40% ETH 4,123 -0.41%
S&P +1.33% Nasdaq +1.78% EuroStoxx +0.45% FTSE +0.07% Dax +0.49% SMI +0.31%
Macro :
- S&P warns on US insurers’ growing bet on private credit
- Goldman Says Analysts Expect a Weak Reporting Season in Europe
- Goldman Says Analysts Expect a Weak Reporting Season in Europe
- Oil Extends Drop Post-Session Trading as Trump Tariffs China
- Europe’s Half-Empty Car Plants Face Bleak Future on Weak Demand
- Denmark Buys 16 New Fighter Jets, Invests Billions in the Arctic
- Switzerland, China to Accelerate Trade Talks as US Tariffs Bite
- Crypto’s Record Selloff Sparks Intrigue Over Who Got Wiped Out
Keep an eye on :
Keep an eye on :
- ABDN LN : Aberdeen to warn government over private assets for UK retail investors
- ADS GY : Adidas CEO Sees Little Impact On Global Strategy From US Tariffs
- AIR FP : Embraer predicts challenge to Boeing and Airbus duopoly
- AAPL US : Apple nears deal to acquire talent and technology from computer vision startup Prompt AI
- AZN LN : Trump Announces AstraZeneca Drug Price Cuts for Tariff Reprieve
- BMW GY : BMW seeks meeting with Rachel Reeves over finance scandal bill
- CRWV US : CoreWeave Insiders Sold $1 Billion Post-IPO as AI Rich Cash Out
- CTPNV NA : CTP Announces Conversion Ratio of 2025 Interim Dividend
- DELL US : Dell Is Just Beginning to Tell Its AI Story. Buy the Stock.The company is transforming itself into a growth stock but not being treated as one by the market. - Barron's
- DHER GY : Bernstein Trims Delivery Hero Price Target Amid 'More Cautious' Stance on Asia Earnings Performance
- DRO GR : DroneShield's DroneSentry Product Evaluated by UK Government Agency; Shares Down 5%
- LLY US : A Major Eli Lilly Shareholder Has Sold Stock Nearly Every Day in October. Here’s Who It Is. - Barron's
- ERJ US : Embraer predicts challenge to Boeing and Airbus duopoly
- EXENS FP : Theon to Buy 9.8% Stake in French Night-Vision Gear Firm Exosens
- RACE IM : Ferrari’s EV Reveal: A Top for the Stock? Sizing Up Thursday’s Plunge - Barron's
- HOLMB SS : Holmen Says Stockholm Court Grants Right to Tax Deductions
- HSBA LN : HSBC’s $14 Billion Deal Supercharges Exuberant Year in Hong Kong
- IDR SM : Indra Set to Receive up to €4.2B Loan From Spain: Confidencial
- ISO CN : Isoenergy to Buy Toro Energy
- JNJ US : J&J Is in Talks to Buy Protagonist Therapeutics, WSJ Reports
- JNJ US : J&J Is in Talks to Buy Protagonist Therapeutics, WSJ Reports
- BAER SW : Julius Baer Was Key Lender to Collapsed German Firm Degag: HB
- Kinetic Bus Group (Private Aussi Co.) : TPG Capital set to buy into multi-billion bus group Kinetic
- LGEN LN : Legal & General Interested in NatWest’s Cushon, Sky Reports
- MANU US : Manchester United Rises on Report of ‘Fresh Takeover Interest’
- MEG CN : Strathcona Ends Bid to Buy MEG Energy, Clearing Way for Cenovus
- META US : Thinking Machines Lab Co-Founder Departs for Meta -- WSJ
- MBTN SW : Swiss Exchange Says Meyer Burger Shares Will Delist on Jan. 14
- MKSI US : MKS Instruments to offload $1bn chemicals unit to focus on chips
- MOBN SW : Mobimo: Egli to Leave Firm Amid Board Reorganization
- Navan IPO : Travel Software Firm Navan, Holders Seek $960 Million in US IPO
- NExperia (Private Co) : Dutch government takes control of Chinese-owned chipmaker Nexperia
- PSN L N : UK Homebuilders Barratt, Persimmon Launch Own Help to Buy Offers
- PSAN GY : Warburg Pincus Offers to Buy PSI Software for €45/Share
- PTGX US : Protagonist Jumps on Report J&J in Talks to Buy: Street Wrap
- RUL AU :Caterpillar Inc. Enters Into Agreement to Acquire RPMGlobal
- TECN SW : Tecan Sees FY Adjusted Ebitda Margin 17.5% to 18.5%
- TSCO LN : Tesco in talks to spearhead Labour’s plan to solve sickness crisis
- THEON NA : Theon to Buy 9.8% Stake in French Night-Vision Gear Firm Exosens
- BBOX LN :
- 2330 TT : TSMC Supplier MKS to Sell $1 Billion Chemicals Unit, FT Says
- TOD IM : Luxury Probes Threaten Made-in-Italy Brand, Tod’s Chairman Says
- UNH US : UnitedHealth paid AARP $9 billion to sell branded health coverage
- WBD US : Warner Bros. Discovery sale talks heat up after initial Paramount bid rejected