Global equities staged a rebound on Wednesday, with futures pointing to gains in Europe and the United States despite renewed tariff threats from President Donald Trump. Euro Stoxx 50 futures rose 0.3%, while S&P 500 and Nasdaq contracts added 0.2% and 0.1%, respectively. London’s FTSE 100 also opened higher as investors focused on a raft of corporate earnings and looked ahead to Trump’s televised comments set for 21:30 BST. The upbeat tone comes even as economic indicators flash caution. U.S. data showed the services sector nearly stalled in July, with input costs climbing at their fastest pace in almost three years, reinforcing stagflation concerns after last week’s weak jobs report. In the bond market, traders prepared for a $42 billion sale of 10-year Treasuries following a shaky three-year auction on Tuesday. Earnings remained mixed. Caterpillar said higher U.S. import duties could increase its 2025 expenses by as much as $1.5 billion, and Yum Brands warned of rising costs and subdued consumer demand. Advanced Micro Devices disappointed on data-center revenue, sending its stock down 6.6% after the bell, though overall tech results have been broadly resilient. Separately, Reuters reported that OpenAI is weighing a secondary share sale that could value the artificial-intelligence company at about $500 billion.
Global Markets Rise as Tariff Deadline Looms https://t.co/rrnGoJR1hf
Morning Bid: Tariff toll yet to deter stock bulls https://t.co/1H6ghDNqzJ https://t.co/1H6ghDNqzJ
Stocks looked set to bounce back today as investors shrugged off Trump’s latest tariff threats and soft US services data. Futures pointed higher across the board, supported by strong earnings from $AMD and upbeat results out of Europe. While stagflation concerns persist,