Global stock markets saw a rebound today as investors moved to buy shares following recent declines triggered by weak U.S. economic data and corporate concerns over looming tariffs. Europe’s STOXX 600 index edged up by 0.2 percent, while most Asian markets posted gains earlier in the day. U.S. stock futures also rose, with the S&P 500 up by 0.3 percent, and Treasury yields nudging higher after touching one-month lows.
Meanwhile, trade policy developments also shaped market outlooks as the U.S. President Donald Trump revealed plans to introduce new tariffs on semiconductors and pharmaceutical imports, though initial increases on medicines would be modest.
President Trump indicated that a trade agreement with China could be within reach and suggested a potential meeting with President Xi Jinping by year-end. However, he also warned of possible tariff hikes on Indian goods in response to New Delhi’s continued purchases of Russian oil.
