Global stock markets showed mixed responses as uncertainties about the U.S.-China trade war continued. Asian markets closed near stability, with the Nikkei 225 in Japan up by 0.38% and the Kospi in South Korea up by 0.10%. In contrast, the Hang Seng in Hong Kong and the Shanghai Composite in China fell by 0.04% and 0.20% respectively. Investors remained focused on the ongoing trade negotiations between the two economic powers. European stock indices opened with slight gains, indicating cautious optimism amidst trade tensions. The STOXX 600 index rose by 0.4%, led by the food and autos sectors, while real estate underperformed. The U.S. dollar held steady as the market anticipated a week packed with significant economic data and corporate earnings. U.S. futures saw minor declines, with S&P 500 E-mini futures down 0.2%, Nasdaq 100 futures down 0.2%, and Russell 2000 futures down 0.4%. President Trump's comments on tariffs, coupled with China's denial of any negotiations, added to the market's uncertainty. Important upcoming U.S. economic indicators include the first-quarter GDP, March Core PCE inflation, and the April non-farm payrolls report, which will shed light on the effects of Trump's tariff policies. The euro remained stable ahead of key inflation data, while other major currencies showed varied movements.
#USMarketAtOpen | S&P 500 opens 0.1% higher, NASDAQ 100 little changed @Nasdaq https://t.co/S91ubUeLGt
Asian economies geared for exports and facing some of the highest US “reciprocal” tariffs are leading the way over their western counterparts in trade negotiations with the Trump administration https://t.co/8lgMYB7oNS via @bpolitics
DOW JONES UP 92.08 POINTS, OR 0.23 PERCENT, AT 40,205.58 AFTER MARKET OPEN S&P 500 UP 7.94 POINTS, OR 0.14 %, AT 5,533.15 AFTER MARKET OPEN NASDAQ UP 10.91 POINTS, OR 0.06 PERCENT, AT 17,393.85 AFTER MARKET OPEN