From Nasdaq: 2025-01-07 00:39:36

European stocks are expected to open lower after President-elect Donald Trump dismissed reports of scaling back tariff plans as “fake news.” Tariffs of 10 percent on global imports and 60 percent on Chinese goods are anticipated once Trump takes office. Economists warn of potential inflation and higher U.S. interest rates. The dollar rebounded in Asian trade after a fall on Monday. Canadian dollar rose as Prime Minister Trudeau announced resignation. Gold edged up as investors await U.S. economic data for Fed rate clues. Fed officials signal caution on rate cuts. Treasury yields climbed. Eurozone and U.S. data releases may impact trading. Asian stocks mixed, with Japan’s Nikkei up. U.S. stocks rose, Nasdaq climbed 1.2 percent. European stocks surged on reports of softer tariffs.



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