US stock futures in the early Asian trading on Monday after President Donald Trump extendedDeadlineOn aggressive European definitions.
S & P 500 contracts and Nasdak 100 Rose after Trump said he agreed to delay the date of a 50 % tariff on the goods from the European Union to July 9 from June 1. The dollar was fluctuated after the comments after it decreased to its lowest level since December 2023 on Friday. The Swiss yen and franc, the main beneficiaries, fell on Friday’s move, early on Monday in Asia.
The movements reflected the increasing uncertainty in the market, with Trump’s broad against Europe on Friday, a harsh reminder of the manufacture of the volatile policy of the president. Trump tariff threats on Friday as wellIt includedA 25 % tax on smartphones if companies, including apple Company and Samsung The electronics company failed to transfer production to the United States.
“In general, it is good news a day,” said Rodrigo Catteriel, a strategic expert in National Australia, in Sydney. “But ongoing threats do not make a good environment for investment and employment decisions.”
The futures for Asian stocks, which were registered before the extension of the date of Trump, are in line with Wall Street’s movements on Friday with contracts for Japanese, Australian and Hong Kong. In goods, oil gained 0.7 % while gold fell 0.3 % in early trading on Monday.
For Capital Economics, Trump’s threat of a 50 % tariff may turn to the European Union from June to “negotiating tactics” and it seems that “very unlikely” as the customs tariffs settle in the long run.
The company said: “At this stage, we do not tend to change the assumption of our work that the definitions of the European Union will eventually settle about 10 %, but this confirms that there are risks and that the road to an agreement may be rocky.”
Treasury bonds ended on Friday, which changed slightly after the revenues increased earlier in the week in the merchants growinganxietyAbout the financial effects of the legislative package of Trump’s signing, which are characterized by new tax breaks. Treasury bonds were closed on Monday for a vacation.
Investors are also preparing to measure the preferred inflation of the Federal Reserve, which is the Personal Consumption Expenditure Expenses Index in the United States except for food and energy, which will be issued on Friday. AprilreadingIt is expected to increase by 0.1 % based on consensus expectations.
Elsewhere, signsThe port’s congestionIn northern Europe and other centers indicates that commercial wars may lead to naval disturbances all over the world, which increases charging rates.
Meanwhile, the commercial negotiator in Japan, Riozi Akazawa, indicated his goal to resolve the customs tariff talks at the appropriate time for the June meeting between Trump and Japanese Prime Minister Shigro Ishiba after the sudden head axis to allow partnership between two steel makers in the countries.
Trump announced on Friday a partnership between Steel USA Corp. And Japan Nippon Steel Corp. Square markets with an agreement he said will keep the American company one day in the United States, but it has not provided any details. The shares in the United States increased by 21.2 %.
Some of the main moves in the markets:
Shares
- S& P 500 futures increased by 0.8 % from 8:10 am Tokyo time
- SENG’s hanging futures decreased by 0.3 %
- S & P/ASX 200 % decreased by 0.4 %
Currency
- The Bloomberg index in the dollar has not changed a little bit
- The euro rose 0.1 % to $ 1.1376
- The Japanese yen decreased by 0.2 % to 142.82 per dollar
- Yuan did not change a little at 7,1756 per dollar
- The Australian dollar rose 0.2 % to $ 0.6504
Cross currencies
- Bitcoin rose by 1.3 % to 109,076.08 dollars
- The ether rose 1 % to $ 2,548.6
Bonds
- Australia’s return for 10 years decreased one basis point to 4.41 %
Commodity
- West Texas Intermediate crude increased by 0.8 % to $ 62 a barrel
- Gold fell 0.2 % to 3,349.45 for an ounce
This story was originally shown on Fortune.com
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