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Bloomberg Quint

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Image Credit: Bloomberg Quint

Asian Shares, US Futures Rise On EU Tariff Delay: Markets Wrap

  • Asian shares and US futures rose after President Trump delayed EU tariffs, causing a positive market reaction.
  • The S&P 500, Nasdaq 100, and Euro Stoxx 50 futures all climbed about 1% following the tariff extension announcement.
  • Trump's decision to delay tariffs after a call with EU President Ursula von der Leyen eased market tensions.
  • The tariff threats included a 25% levy on smartphones, impacting companies like Apple and Samsung.
  • Investors see Trump's tariff strategy as a negotiation tactic, with uncertainties remaining in the market.
  • Japan's trade negotiator aims to resolve tariff talks before a meeting between Trump and Japan's Prime Minister.
  • Oil prices increased while gold prices fell in early trading following the tariff delay news.
  • Stocks like the S&P 500 and Japan's Topix rose, while the Euro Stoxx 50 futures fell slightly.
  • Currencies remained stable, with the dollar index showing little change and the euro rising slightly.
  • Bitcoin and Ether prices rose, while WTI crude oil prices increased and spot gold prices fell.

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