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Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
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China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
U.S. stock index futures rose Tuesday evening after Commerce Secretary Howard Lutnick suggested that President Donald Trump might negotiate with Mexico and Canada following the imposition of steep tariffs. This comes after two days of sharp declines in major indices due to trade tensions.
S&P 500 Futures climbed 0.7% to 5,832.25 points, Nasdaq 100 Futures increased 0.9% to 20,572.25, and Dow Jones Futures gained 0.6% to 42,834.0 by 18:58 ET (23:58 GMT).
On March 4, 2025, Trump enforced a 25% tariff on imports from Canada and Mexico, alongside a 20% duty on Chinese goods, sparking immediate retaliatory actions. Canada condemned the tariffs, while China’s finance ministry announced new levies of 15% on agricultural imports and 10% on dairy products.
In an interview with Fox Business, Lutnick stated Trump is willing to "meet in the middle" with Canada and Mexico, hinting at possible negotiations to ease trade tensions. The tariffs have raised concerns over economic growth and inflation, already a pressing issue for U.S. consumers.
Stocks took a hit during regular trading, with the S&P 500 dropping 1.2% to 5,778.18, the Dow Jones falling 1.6% to 42,521.66, and the NASDAQ Composite slipping 0.4% to 18,285.65.
Financial stocks suffered, with Morgan Stanley (NYSE:MS) plunging 5.7%, while JPMorgan Chase (NYSE:JPM) and Goldman Sachs (NYSE:GS) each declined nearly 4%. Automakers also struggled as Ford (NYSE:F) fell 2.9%, Stellantis (BIT:STLAM) lost 4.4%, and General Motors (NYSE:GM) dropped 4.6%.
However, the tech sector saw some recovery, with NVIDIA (NASDAQ:NVDA) rebounding 1.6% after its recent downturn. Broadcom Inc. (NASDAQ:AVGO) and Super Micro Computer Inc. (NASDAQ:SMCI) also posted gains.
