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Business Upturn
03-06-2025
- Business
- Business Upturn
Global equities steady as Asian markets open higher; US futures dip amid trade uncertainty
By News Desk Published on June 3, 2025, 07:37 IST Global equities opened the week on a mixed note, with Asian markets trading with marginal gains, buoyed by last week's tech-led rebound in US markets. However, US stock index futures slipped slightly in early trade, as investors await further clarity on President Donald Trump's trade tariffs and the broader outlook for the US economy. Sentiment was cautious as the US dollar remained under pressure, reflecting ongoing concerns about renewed trade tensions and their potential to slow global growth in the coming months. Key global market snapshots: Dow Futures were down 85 points at 42,221 (-0.20%). Nasdaq Futures slipped 42 points to 21,450 (-0.19%). US Small Cap 2000 Futures fell 7 points to 2,063 (-0.33%). In Europe, early signals were positive: DAX Futures rose 77 points to 24,053 (+0.32%). FTSE Futures were up 15 points at 8,809 (+0.17%). In Asia, markets opened firm: Hang Seng Futures jumped 275 points to 23,294 (+1.19%). KOSPI edged up 1.3 points to 2,699 (+0.05%). Taiex Futures surged 328 points to 21,197 (+1.57%). Nikkei 225 gained 221 points to 37,692 (+0.59%). For Indian markets, Gift Nifty was down 10 points at 24,861 (-0.04%) in early adjusted trade, suggesting a flat to cautious start. US markets closed higher on Friday, led by tech stocks: Dow Jones Industrial Average ended up 35 points at 42,305 (+0.08%). Nasdaq Composite gained 129 points to 19,242 (+0.67%). Traders are likely to watch upcoming US macro data, any new signals on tariff policy, and currency trends, all of which could influence short-term risk sentiment. News desk at
Business Upturn
29-05-2025
- Business
- Business Upturn
Global markets rally as U.S. court blocks Trump-era tariffs; AI earnings also boost sentiment
Global equity markets opened higher on Thursday, buoyed by sharp gains in U.S. futures after a landmark federal court ruling blocked former President Donald Trump's authority to impose trade tariffs. The move was viewed as a significant de-escalation of trade-related risks, further supported by strong quarterly results from artificial intelligence major Nvidia. A U.S. federal court ruled that Donald Trump did not have the authority to set tariffs unilaterally, effectively blocking the so-called 'Liberation Day' tariffs introduced during his presidency. The Trump administration has already appealed the decision. The White House issued a sharp response, stating, 'It's not for unelected judges to decide how to properly address a national emergency.' This legal development was interpreted by markets as a rollback of protectionist trade policies, leading to a relief rally in equities. U.S. stock index futures surged in response: Dow Futures jumped 500 points (+1.19%) to 42,599 Nasdaq Futures gained 400 points (+1.88%) to 21,718 Russell 2000 Futures rose 41 points (+1.98%) to 2,109 The positive momentum spilled over into global markets: Germany's DAX Futures were up 190 points (+0.79%) UK's FTSE Futures added 62 points (+0.70%) Japan's Nikkei Index gained 529 points (+1.40%) to 38,252 South Korea's KOSPI rose 30 points (+1.14%) Taiwan's Taiex Futures climbed 141 points (+0.67%) India's GIFT Nifty was up 57 points (+0.23%) at 24,820 (adjusted). However, Hang Seng Futures in Hong Kong edged slightly lower by 24 points (-0.10%). This rebound comes after a slightly negative close on Wall Street on the previous day: Dow Jones closed at 42,099, down 245 points (-0.58%) Nasdaq ended at 19,101, lower by 98 points (-0.51%) Analysts noted that the combination of strong AI earnings and legal checks on unilateral tariff powers has infused fresh optimism across equity markets globally. News desk at
Business Upturn
19-05-2025
- Business
- Business Upturn
Global markets: Asian markets slip; US futures dip after Moody's downgrade, Europe trades flat
Global markets opened on a cautious note as Asian equities traded in the red, reacting to Moody's downgrade of the U.S. investment grade rating, which has sparked fresh concerns around economic growth and rising debt levels. Meanwhile, European futures are holding steady in a narrow range. In the U.S. futures market, all major indices are in the red: Dow Futures : 42,400 (▼254 pts / -0.60%) Nasdaq Futures : 21,201 (▼224 pts / -1.05%) US Small Cap 2000 Futures: 2,096 (▼18 pts / -0.84%) European markets are trading mixed: DAX Futures (Germany) : 23,820 (▲4 pts / +0.02%) FTSE Futures (UK): 8,687 (▼10 pts / -0.11%) Asian markets are broadly lower: Hang Seng Futures : 23,012 (▼253 pts / -1.03%) Taiex Futures (Taiwan) : 21,653 (▼176 pts / -0.80%) KOSPI (South Korea) : 2,598 (▼29 pts / -1.11%) Nikkei (Japan) : 37,609 (▼144 pts / -0.38%) Gift Nifty (India): 25,061 (▼18 pts / -0.07%, adjusted) The cautious sentiment follows a positive close on Wall Street yesterday, where the Dow Jones gained 332 points (+0.78%) and the Nasdaq rose 99 points (+0.52%), although futures suggest those gains may be pared back in today's session. Markets are likely to remain volatile as investors digest the implications of the U.S. credit rating move and await further macroeconomic cues. News desk at
