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U.S. Open to Special Trade Terms for South Africa Under Possible AGOA Extension 
Wall Street Futures Steady as Markets Await Fed Decision; Nvidia Gains on China Chip Sales Approval 
Australian Dollar Rises as RBA Holds Rates and Signals Persistent Inflation Risks 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
RBA Holds Rates but Warns of Rising Inflation Pressures 
Oil Prices Dip as Markets Watch Ukraine Peace Talks and U.S. Rate Decision 
Asian Markets Slip as Investors Brace for Fed Rate Cut and Global Policy Decisions 
U.S.-Indonesia Trade Deal Faces Uncertainty as Jakarta Reconsiders Key Commitments 
Australia’s Business Conditions Ease in November as Capacity Constraints Persist 
U.S. Economic Outlook 2026: Growth Seen Strengthening as Fiscal Support Ramps Up 
Japan’s Q3 Economic Contraction Deepens as Revised Data Signals Stronger Headwinds 
Oil Prices Hold Near Two-Week Highs as Markets Await Fed Rate Cut and Monitor Geopolitical Risks 
Gold Prices Inch Higher as Fed Rate-Cut Expectations Strengthen 
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.
