Public Markets 3h Briefing
×Global Markets
U.S. stock futures wsj.com fell as tariff uncertainty continued to weigh on global markets. The decline came after stocks initially responded positively to the Supreme Court's ruling against large portions of Trump's tariff regime. European stocks investing.com retreated as more trade uncertainty hit risk appetite across the continent.
Currency Movements
The dollar investing.com retreated amid renewed trade uncertainty, while the euro and sterling edged higher. UBS bloomberg.com indicated that tariff concerns are just one factor weighing on the dollar, suggesting other influences are at play in currency markets. The FTSE 100 investing.com edged lower on tariff worries, while the pound climbed above $1.35.
Trade Policy Impact
Trump's 15% global tariff investing.com plans continue to create market uncertainty, with senior US officials insisting that the Supreme Court's rejection of Trump's tariffs under the IEEPA won't unravel trade deals. EU officials finance.yahoo.com stated they will accept no increase in US tariffs after the Supreme Court ruling, emphasizing "a deal is a deal."
Corporate Developments
Johnson Matthey investing.com shares plunged 15% after Honeywell trimmed the deal for its catalyst technologies unit to £1.33 billion from the original £1.8 billion. Enel investing.com jumped after the utility unveiled a €53 billion investment plan focused on renewables. JD Sports investing.com surged on the announcement of a £200 million buyback program.
European Economic Indicators
German business confidence bloomberg.com improved more than anticipated in February, raising hopes that Europe's largest economy is emerging from a prolonged downturn. Eurozone government bond yields wsj.com edged lower, tracking moves in Treasurys amid ongoing tariff policy uncertainties.