Public Markets 8-Hour Briefing
×Market Overview
US stock futures wsj.com fell as investors grappled with renewed tariff uncertainty after initially responding positively to the Supreme Court's ruling against large portions of Trump's tariff regime. European stocks investing.com retreated as trade uncertainty continued to weigh on risk appetite globally.
Stock Movers
Johnson Matthey shares investing.com sank 15% after Honeywell wsj.com trimmed the deal price for Johnson Matthey's key unit to £1.33 billion from the original agreement. JD Sports investing.com surged on a £200 million buyback program announcement, while Enel bloomberg.com jumped after the utility unveiled a €53 billion investment plan focused on renewables. Lufthansa bloomberg.com kept unit costs stable in the final quarter, indicating cost-cutting efforts are paying off. Delta Electronics bloomberg.com became Thailand's first $100 billion company after a US Supreme Court ruling improved the demand outlook for its AI cooling equipment.
Tariff Developments
Trump's 15% global tariff investing.com proposal continues to create market uncertainty. The Supreme Court bloomberg.com ruled against Trump's tariff regime under the IEEPA, though was silent on the issue of refunds, which is likely to go back to the US Court of International Trade. US customs investing.com announced it will stop collecting Trump tariffs from February 24 after the court ruling. China stocks in Hong Kong bloomberg.com rallied after the US Supreme Court struck down President Trump's emergency tariffs.
Regional Markets
Asian markets wsj.com showed resilience despite US tariff uncertainties, with South Korea and Taiwan setting new records. Saudi firms bloomberg.com are advancing IPO plans, testing investor appetite in Riyadh amid volatile oil prices and geopolitical risks. Thailand bloomberg.com sees upside to the Trump court-ordered US tariff reset, which could strengthen the country's appeal as a manufacturing and investment hub. IDFC First Bank bloomberg.com tumbled 15% after India's Haryana state flagged account gaps.
Commodities & Currencies
The dollar investing.com retreated amid renewed trade uncertainty, while gold ft.com rose as global trade faces new Trump tariff threats. Copper bloomberg.com steadied as traders weighed shifts in US trade policy. US natural gas bloomberg.com jumped on a powerful winter storm and higher LNG exports. Oil bloomberg.com stands to rally as a potential US-Iran conflict looms, with prices potentially reaching the $75-$90 range.