U.S. stock futures and the dollar slipped after President Trump announced a 50% tariff on goods, causing Asian markets to drop. Brazilian markets tumbled after new tariffs were announced, boosting copper prices. Global copper producers are rushing to ship supplies faster to avoid the impact of the tariffs. The U.S. tariff rate is now at the highest level since 1934, estimated at 17.6%. European stocks rose on hopes of a U.S.-EU trade deal, with mining shares leading the way. European investors are preparing for the earnings season amid trade volatility. The U.S. dollar steadied after a pullback from a two-week high.

On the commodities front, gold continues to rise while WTI may face a short-term correction. Economic data releases are limited today, with focus on US initial jobless claims and central bank speeches. The DAX Index recorded a bullish close, breaking out of a six-week range, with potential for further gains depending on trade deal talks.

Source: LSEG, OANDA Labs, MarketPulse, TradingView.com. Original Post: [Link]

Read more at Investing.com: Markets Today: Copper Saga Heats Up, More Tariffs and DAX Holds Firm Near All-Time