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Asian shares and US stock futures fell on concern President Donald Trump’s tariffs are here to stay after his administration reiterated its resolve to keep the levies amid a legal tussle.
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S&P 500, Dow Jones, and Nasdaq were closed on Monday due to Memorial day. The US stock market is set to open on the US Stock Market.
European markets and U.S. futures jumped early Tuesday following a weekend trade truce between the E.U. and U.S. after Trump’s threat late last week to tack on 50% imports from the trading bloc.
US Treasuries have come under pressure in recent weeks as President Donald Trump’s signature tax legislation and a Moody’s Ratings downgrade put the spotlight on rising debt issuance and a ballooning budget deficit. The dollar has also been hit as shifting US policies and the global trade war weighed on demand for American assets.
(Reuters) -Futures tied to Canada's main stock index rose on Thursday, as investors cheered a U.S. court's ruling to block U.S. President Donald Trump's April 2 tariffs and strong earnings by domestic banks.
Gift Nifty was trading around 25,040 level, a premium of nearly 5 points from the Nifty futures’ previous close, indicating a flat start for the Indian stock market indices.