US Equity Futures Dip, Dollar and Gold Rise as Investors Turn Cautious over Steel, Aluminum Tariffs

Equity markets

* S&P 500 and Nasdaq 100 futures declined 0.2% on Tuesday.
* Technology led gains on Wall Street, with Nvidia and Meta Platforms extending their rallies.
* Hedge funds increased their buying of US stocks, the highest since November.
* Global trade uncertainties and potential escalation may lead to equity pullbacks.

Currencies and commodities

* The dollar index gained slightly, while the euro remained steady.
* Gold surged past $2,921, supported by investors seeking safe haven assets.
* Oil prices edged higher as Russian production cuts eased supply concerns.

Economic data and events

* This week's key events include:
* Fed Chair Jerome Powell's testimony before US Congress
* US CPI data release
* Eurozone industrial production and GDP updates
* US retail sales and industrial production reports

Key market movements

* Stocks:
* S&P 500 futures: -0.2%
* Hang Seng futures: Flat
* Australia's S&P/ASX 200: +0.2%
* Euro Stoxx 50 futures: +0.9%
* Currencies:
* Bloomberg Dollar Spot Index: Flat
* Euro: $1.0300
* Japanese yen: 151.76
* Offshore yuan: 7.3126
* Cryptocurrencies:
* Bitcoin: $97,670.07
* Ether: $2,666.21
* Bonds:
* 10-year Treasury yield: 4.50%
* Japan's 10-year yield: 1.315%
* Australia's 10-year yield: 4.37%
* Commodities:
* West Texas Intermediate crude: Flat
* Spot gold: $2,918.70