Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
China Home Prices Rise in January as Government Signals Stronger Support for Property Market 
China Manufacturing PMI Slips Into Contraction in January as Weak Demand Pressures Economy 
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals 
South Korea Factory Activity Hits 18-Month High as Export Demand Surges 
India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations 
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets 
Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
Dollar Holds Firm as Markets Weigh Warsh-Led Fed and Yen Weakness Ahead of Japan Election 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
U.S. stock index futures edged higher on Sunday evening as investors engaged in dip-buying after steep losses on Friday. The market initially reacted negatively to President Donald Trump’s announcement of new tariffs on steel and aluminum but rebounded on hopes that they serve as a negotiating tool. Gains remained limited ahead of key U.S. inflation data due this week.
S&P 500 Futures climbed 0.3% to 6,064.25 points, Nasdaq 100 Futures gained 0.4% to 21,668.25 points, and Dow Jones Futures inched up 0.1% to 44,481.0 points as of 19:34 ET (00:54 GMT).
Trump reaffirmed plans to impose a 25% tariff on all steel and aluminum imports starting Monday, following the recent enactment of a 10% tariff on China. The move will primarily affect Canada, Brazil, and Mexico, the largest steel exporters to the U.S. While some investors hope for relief measures for U.S. allies, the new duties add to existing tariffs from his first term, which the Biden administration had previously scaled back.
The announcement follows Friday’s market slump, where the S&P 500 fell nearly 1% to 6,025.99 points, the Nasdaq Composite dropped 1.4% to 19,523.40 points, and the Dow Jones slid 1% to 44,303.40 points. Analysts warn that the tariffs could drive inflation higher, adding pressure on the Federal Reserve to maintain elevated interest rates.
Investors now await January’s Consumer Price Index data on Wednesday, expected to show persistent inflation, influencing Fed policy decisions. Additionally, key earnings reports from McDonald's (NYSE:MCD), Vertex Pharmaceuticals (NASDAQ:VRTX), Coca-Cola (NYSE:KO), and S&P Global (NYSE:SPGI) are on the radar, which could further impact market sentiment.
