European and US Futures Waver as Earnings Jitters, Tariff Fears Shape Market Mood
From Investing.com: 2025-04-29 02:51:00
European and U.S. stock futures are mixed this morning, with slight weakness seen across key benchmarks such as S&P 500 and Nasdaq. Investor anxiety is growing over proposed U.S. tariffs, potentially reigniting global trade tensions. Concerns around protectionist policies and cost pressures on supply chains are impacting market sentiment. Despite strong Q1 earnings, companies are cautious about future demand and input costs. Economic data releases, like the ADP Employment Report and ISM Services Index, are awaited for insights into the economy’s health. Major indexes closed with slight fluctuations, reflecting the cautious market mood.
Market movements are cautious due to geopolitical tensions, particularly U.S. tariff threats on Canada and Mexico, affecting European companies like Porsche. Investors are watching upcoming economic data releases, including inflation and job market indicators. Corporate earnings reports, especially for companies with international exposure, are crucial in navigating market sentiment. Defensive sectors like Consumer Staples and Utilities are outperforming amid market volatility. The S&P 500 struggled, while sectors like Energy and Financials faced significant declines. Rotation towards safer assets continues in the market.
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