U.S. Market Movements
U.S. stock futures indicated a mixed opening as the earnings season winds down, with 's strong premarket performance contrasting with general market hesitance due to tariff uncertainties.
Concerns over 's tariffs and their potential impact on the economy loom large, with CEO highlighting geopolitical risks, including trade wars, as significant threats.
Global Economic Adjustments
In response to economic pressures exacerbated by trade frictions, China cut its loan prime rates, a move anticipated to stimulate its economy but with limited immediate effect on loan demand or broader economic activity.
Global markets reacted positively to China's rate cut, with major indices in , , and gaining, while Australia's Reserve Bank also reduced its benchmark interest rate, signaling a coordinated effort to boost economic activity.