Global markets oscillate between Trump tariff fears and a rebound in US futures.

 

Global Markets Variation

Global markets oscillate between Trump tariff fears and a rebound in US futures.

Global stock indices were mixed on Monday, with European stocks rising while Asian counterparts declined following Wall Street's sharp decline last Friday.

Beijing on Monday called on US President Donald Trump to withdraw his threat, made last Friday, to raise tariffs on Chinese goods. This came after China imposed stricter restrictions on exports of rare earths, essential materials used in the manufacture of everything from consumer electronics to aircraft engines.

The possibility of escalating tensions between the world's two largest economies has turbulent markets, resulting in the worst daily performance for US stocks since last April. Trump has yet to withdraw his threat, but he adopted a more measured tone earlier this week, which helped calm investor concerns, according to the Associated Press.

"The United States wants to help China, not hurt it!!!" Trump said in a post on Truth Social on Sunday.
The German DAX index rose 0.5% to 24,367.45 points, while the French CAC 40 index rose by a similar percentage to 7,957.52 points, while the British FTSE 100 index rose by less than 0.1% to 9,431.44 points.

S&P 500 futures rose 1.4%, and Dow Jones Industrial Average futures rose 1%.
In Asia, Hong Kong's Hang Seng Index fell 1.5% to 25,889.48 points, while the Shanghai Composite Index fell 0.2% to 3,889.50 points.
South Korea's Kospi fell 0.7% to 3,584.55 points, while Australia's S&P/ASX 200 fell 0.8% to 8,882.80 points.

Taiwan's TAIEX index also fell by 1.4%, and India's Sensex index fell by 0.2%.
Markets in Tokyo were closed for a public holiday.
On Wall Street, stocks ended last week's trading sharply lower on Friday, with the Standard & Poor's 500 index falling 2.7% to 6,552.51 points, its worst day since last April.

The Dow Jones Industrial Average fell 1.9% to 45,479.60 points, while the Nasdaq Composite Index fell 3.6% to 22,204.43 points.
In the bond market, the yield on 10-year US Treasury bonds fell to 4.05%, compared to 4.14% at the close of trading last Thursday.

In energy markets, oil prices rose by more than $1 per barrel during trading on Monday.
In currency markets, the US dollar rose against the Japanese yen to 152.20 yen from 151.89 yen on Friday, while the euro fell to $1.1589 from $1.1614.