Public Markets 8-Hour Briefing
×Market Performance & Policy Shifts
Asian stocks rose broadly Monday with South Korea and Taiwan setting records despite renewed trade uncertainty. The dollar slipped as Asian stocks gained while US stock futures fell after the Supreme Court scrapped President Trump's reciprocal tariffs. US stock futures dropped on Trump tariff turmoil as investors await Nvidia earnings.
Trade Uncertainty & Tariff Impacts
Copper rose for a second day as uncertainty around US tariff policy drove a decline in the dollar. Meanwhile gold and silver also traded higher over tariff uncertainty. Thailand sees upside to Trump court-ordered US tariff reset as a uniform 15% duty strengthens its appeal as a manufacturing hub. China stocks in Hong Kong jumped as the US Supreme Court struck down President Trump's emergency tariffs.
Energy & Commodities
Oil prices slipped on US-Iran nuclear talks and Trump tariff uncertainty. US natural gas jumped on a powerful blizzard and higher LNG exports. Copper steadied as traders weighed uncertainty around US tariff policy and its potential impact on key trading partners including China.
Corporate & Sector News
Renault will acquire Volvo AB's 45% stake and CMA-CGM's 10% stake in electric-van joint-venture Flexis for an undisclosed sum. Enel plans to spend more than 26 billion euros in its integrated business with majority investment in Europe and North America. Delta Electronics Thailand became the country's first $100 billion company after a US Supreme Court ruling improved demand outlook for its AI cooling equipment.
Geopolitical Risks
US President Trump is considering limited military strikes to pressure Iran into signing a new nuclear deal. Oil stands to rally strongly as war between the US and Iran looks imminent according to energy market consultancy FGE Nexant ECA. Israel's central bank faces a close call when setting interest rates Monday, balancing lower inflation against uncertainties of a potential US-led conflict with Iran.