US and European stock-index futures climbed on signs that the next round of President Donald Trump’s tariffs may be more measured than previously suggested.
Futures for the S&P 500 and Euro Stoxx 50 rose along with equities in China, though a broader gauge of Asian shares edged lower. The 10-year US Treasury yield advanced.
The dollar was little changed while the yen declined. Sentiment is improving as the next round of US tariffs due April 2 is poised to be more targeted than the sprawling, fully global effort Trump has otherwise mused about, according to officials familiar with the matter.
Still, traders remain on edge with officials in China and Australia warning of widespread shocks to the global economy from US trade policy.
“The news of more targeted tariffs has been taken positively during early Asian trading hours, but there is still a lot of nervousness heading into next week’s actual announcement,” said Khoon Goh, head of Asia research at ANZ Group Holdings Ltd.
“There could always be some unexpected development, or President Trump could mention something this week that suggests a harder line. So it’s hard for markets to adequately price in the risk at this stage.”
