US and European stock-index futures climbed on signs that the next round of President Donald Trump’s tariffs may be more measured than previously suggested. Futures for the S&P 500 and Euro Stoxx 50 rose along with equities in China, though a broader gauge of Asian shares edged lower. The 10-year US Treasury yield advanced. The dollar was little changed while the yen declined. Sentiment is improving as the next round of US tariffs due April 2 is poised to be more targeted than the sprawling, fully global effort Trump has otherwise mused about, according to officials familiar with the matter. Still, traders remain on edge with officials in China and Australia warning of widespread shocks to the global economy from US trade policy. Trump will announce widespread reciprocal tariffs on nations or blocs but is set to exclude some, and — as of now — the administration is not planning separate, sectoral-specific tariffs to be unveiled at the same event, as Trump had once teased, officials said. Australia’s Treasurer Jim Chalmers warned the impact of the new US administration’s policies will have a “seismic” impact on the global economy, while Chinese Premier Li Qiang said the country is prepared for “shocks that exceed expectations.” Shares in mainland China gained Monday. Helping the sentiment was news that Jack Ma-backed Ant Group Co. has used Chinese-made semiconductors to develop techniques for training AI models that would cut costs by 20%. A gauge of Chinese technology shares in Hong Kong has advanced 26% this year as sentiment was boosted by potential growth of AI applications after DeepSeek’s release of a lower-cost large language model. DeepSeek has “really ignited investor optimism,” said Janet Perumal, head of Asia Pacific investments at Wellington Management. There is room for China’s stock valuations to expand further, she said in Hong Kong. Indonesia’s stocks tumbled on Monday, extending a rout as the country’s economic outlook deteriorates. Elsewhere, the Canadian dollar inched up after Prime Minister Mark Carney called a snap election for April 28, with polls indicating a close contest. Carney also announced late Friday measures to mitigate the economic impact of US tariffs, including temporary deferrals of corporate income tax and consumption tax remittances. Investors are also bracing for more volatility in Turkish assets after a key opposition politician was formally arrested. The nation’s central bank held a “technical meeting” with commercial lenders on Sunday in preparation for more volatility, while the markets regulator imposed a short selling ban on stocks. In commodities, oil was steady as traders weighed the fallout from more US tariffs and an upcoming boost in OPEC+ supply. Bullion traded around $3,022 an ounce, near a record high reached on Thursday. This week, traders will be closing watching activity data in Europe, UK and the US for indications on whether economies are slowing from the tariff uncertainty. Inflation data in Australia is due before US Personal Consumption Expenditure data, the Federal Reserve’s preferred measure of consumer prices, at the end of the week.
Nikkei -0.18% Hang Seng +0.13% CSI +0.31% Shanghai -0.07% Shenzen -1.14%
Eur$ 1.0827 CNH 7.2632 CNY 7.2584 JPY 149.66 GBP 1.2920 CHF 0.8837 RUB 84.5094 TRY 38.0025 WTI$ 68.14 -0.20% Gold 3,022 -0.01% BTC 86,930 +2.12% ETH 2,051 +2.94%
S&P +0.74% Nasdaq +0.87% EuroStoxx +0.54% FTSE +0.20% Dax +0.62% SMI +0.45%
Macro :
- China Says It’s Prepared for Shocks as US Tariffs Loom
- Saskatchewan Urges Carney to Deal With Threat of Chinese Tariffs
- Trump Eyes Potential Sale of Fighter Jets to Turkey, Fox Reports
- SEC to Lose About 500 Staffers to Buyout, Resignation Offers
- UK Considers Cutting Tech Tax for Carve-Out From Trump Tariffs
- China’s Customs Agency Chief Meets Danish Taxation Minister
- Liberal Leader Carney Promises One Percentage Point Tax Cut
- Insider Trade Ring Born at Paris Lunch Made $17 Million, US Says
Keep an eye on :
- ME US ; 23andMe Starts Chap. 11 Process; Wojcicki Steps Down as CEO (1)
- 6660 HK ; AIM Vaccine Gets US FDA Nod for Trial of mRNA Herpes Zoster Shot
- BABA US : Jack Ma-Backed Ant Touts AI Breakthrough Built on Chinese Chips
- AAPL US : Apple to adopt TSMC 2nm chip technology with next year’s iPhones, per report - 9to5.com
- AZEK US : James Hardie Agrees to Buy Azek in Deal Valued at $8.75B
- BA US : Boeing Beats Lockheed for Next-Gen US Fighter Jet Contract
- IAG LN : British Airways Expects ~85% of Sat. Heathrow Schedule to Run
- 1211 HK : BYD Beating Tesla Is Not Alone in Taking Over From US Techs
- CLARI FP : Clariane Names Sylvia Metayer as Chairwoman of Board
- COIN US : Coinbase Said in Advanced Talks to Buy Derivatives Venue Deribit
- COTY US : Coty Sells SKKN Stake to Skims, Ends Partnership With Kardashian
- DBV FP : DBV Tech Says Has Enough Cash to Fund Ops Only into April
- DNB US : Clearlake Said to Near $4 Billion Deal for Dun & Bradstreet
- ENGI FP : Engie Brasil Buys Two Hydropower Plants in BRL2.96b Deal
- GALP PL : Portugal’s ENSE Says Gasoline Consumption Rose 4.1% in February
- GMAB DC : Genmab Refutes Trade Secret Claims in Complaint by AbbVie
- GOR AU : Gold Fields Says Gold Road Board Rejects A$3.05/SHR Cash Offer
- IVG IM : Iveco Is Said to Seek Up to €1.5 Billion for Defense Unit
- JHX AU : James Hardie Agrees to Buy Azek in Deal Valued at $8.75B
- JUVE IM : Juventus Replaces Coach Motta With Ex-Club Player Tudor
- KVUE US : TOMS Capital Is Said to Push for Kenvue Sale, Separationdes
- MC FP : LVMH’s Loewe Names McCollough, Hernandez as Creative Directors
- META US : AI Chip Startup FuriosaAI Rejects Meta’s $800 Million Offer
- METN SW : Metall Zug FY Net Sales Beat Estimates
- OCI LN : PE Firm Oakley Capital Raises Speedy €4.5 Billion Flagship Fund
- OR FP : L’Oréal leads beauty groups telling Brussels to leave them out of trade war
- PAT GY : Patrizia Sees 2025 Ebitda EU40M to EU60M, Est. EU53.1M
- PRS SM : Spain’s Prisa Is Said to Discuss Capital Increase With Creditors
- PRS SM : Activist Hedge Fund Turns Prey as Spanish Media Fight Flares up
- RWE GY : Elliott Discloses Stake of Close to 5% in RWE
- SAABB SS : Saab urges Nordic neighbours to use spy plane touting its ‘unique capability’
- StubHub IPO : Ticket Selling Platform StubHub Files for IPO Showing Loss (1)
- TIT IM : Vivendi Could Cut Telecom Italia Stake to Around 5%: Stampa
- TEF SM : Argentina Halts Telefonica’s Acquisition on Antitrust Concerns
- TSLA US : SpaceX Positioned to Secure Billions in New Federal Contracts Under Trump
- TSLA US : BYD Beating Tesla Is Not Alone in Taking Over From US Techs (1)
- TIETO FH : TietoEVRY to Sell Tech Services Unit to Agilitas Funds for €300m
- 2330 HK : Apple to adopt TSMC 2nm chip technology with next year’s iPhones, per report - 9to5.com
- TUI1 GY : TUI Upsizes RCF to ~€1.9B Maturing in March 2030
- UBI FP : Guillemot Brothers Extend Ubisoft Forward Agreements Again
- X US : Nippon Steel’s Imai Says US Steel Deal Would Strengthen Industry
- VALE3 BZ : Brazil Iron Said to Make $1 Billion Offer for ERG Mine Project
- VIV FP : Vivendi Reduces Telecom Italia Stake by About 5% to 18%
- WAWI NO : Wilhelmsen Enters 10-Year Contract Extension With Auto OEM
- WG/ LN : Wood Group poised to extend takeover talks with UAE’s Sidara https://t.co/u0L0QleUvi