Futures for US Stocks Rise During a Selloff in Bets – Europe Market Wrap
US stock futures hinted to increases on Wall Street, as some investors saw a rough week as an opportunity to buy. Defence firms soared throughout Europe, as leaders accelerated their investment plans.
Contracts for the S&P 500 rose 0.5%, while the Nasdaq 100 rose 0.7%. Tesla led premarket advances among the Magnificent Seven stocks despite posting its largest monthly fall in nearly two years. Crypto markets surged following Trump’s recent remarks regarding a strategic reserve for the coins.
In Europe, defence stocks bolstered the Stoxx 600 index. Following a public spat between Trump and Zelenskiy on Friday, regional leaders rallied around Ukraine and advanced plans for increased military expenditure.
Bonds in Germany and France fell amid expectations of more debt issuance. Germany’s future administration is looking into options for large-scale security and infrastructure investments that might cost hundreds of billions of Euros.
Markets are already bracing for a March 4th tariff deadline, with 25% penalties expected on Canada and Mexico and an additional 10% on China.
