Global Markets Navigate Uncertainty Amidst Trump's Tariff Pledge
Equities
* Europe's Stoxx 600 index extended its winning streak to eight consecutive weeks.
* US equity futures indicate a market rebound.
* Asian shares saw their largest weekly decline.
Commodities
* Mining stocks slipped on news of Trump's tariff threats.
* Aluminum and copper futures remained stable.
* Gold surged to record highs.
Currencies
* The US dollar gained against peers, including the Canadian dollar and yen.
* The Euro and British pound held steady.
News
* BP shares soared after activist investors took a stake in the company.
* Jerome Powell's upcoming congressional testimony and the potential for further tariffs create uncertainty.
* Elon Musk's government efficiency team has found irregularities at the US Treasury Department.
Key Events
* China's retaliatory tariffs on US goods (Monday)
* ECB President Christine Lagarde's testimony to the European Parliament (Monday)
* Jerome Powell's Senate Banking Committee testimony (Tuesday)
* US CPI data (Wednesday)
* Eurozone GDP (Friday)
Notable Movers
* Stocks:
* Stoxx Europe 600: +0.3%
* S&P 500 futures: +0.3%
* Nasdaq 100 futures: +0.5%
* Dow Jones Industrial Average futures: +0.2%
* Currencies:
* Bloomberg Dollar Spot Index: +0.2%
* Euro: -0.2%
* Cryptocurrencies:
* Bitcoin: +2.6%
* Ether: +3.7%
* Commodities:
* Brent crude: +0.6%
* Spot gold: +1.2%