US Futures Edge Lower Post Tariff Drama – Europe Market Wrap
Following a week filled with stories about trade tariffs, Ukraine’s peace attempts, a barrage of profits, and additional evidence of persistent inflation, US equities futures slightly declined.
S&P 500 contracts fell 0.2%, indicating a little reversal from Thursday’s closing that was close to the record. With Hermès’s record-breaking revenues during the holiday season, luxury stocks were a bright spot in Europe.
Investors are finding solace in the idea that negotiations could lessen the ultimate impact of Trump’s proposed reciprocal tariffs on US trading partners. Faster US inflation, on the other hand, may potentially benefit markets since it will compel Trump to enact less punitive tariffs, according to strategists at Bank of America.
The yen surged, and the pound reached its highest level against the dollar this year. The euro fluctuated as data revealed unexpected growth in the eurozone economy in the fourth quarter of 2024.
US Treasury Secretary Bessent: We want Iran to cut oil exports.
