By Dow Jones Newswires Staff
Global markets were mixed early Tuesday as expectations that tariffs to be imposed by President Trump on April 2 will be more targeted than feared offset the administration’s plans to impose a 25% tariff on goods from any country that buys oil or gas from Venezuela.
U.S. stocks rose Monday along with Treasury yields, helped also by stronger-than-expected U.S. services data. Still, U.S. consumer confidence data later Tuesday could disappoint.
–U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average decreased 0.1% after Monday’s gains. European stock markets started the day modestly higher with London’s FTSE 100, Germany’s DAX and France’s CAC up 0.46%, 0.5% and 0.7% respectively. But while some easing concerns about tariffs helped buoy some equities markets in Asia, Hong Kong’s Hang Seng Index fell 2.3% and China’s Shanghai Composite Index ended flat. Japan’s Nikkei 225 index climbed 0.5%.
–The dollar rose early in Europe, supported by investors buying the currency to rebalance their portfolios before month-end and quarter-end. The DXY dollar index against a basket of major currencies rose 0.1% to 104.347, having reached a near three-week high of 104.444 Monday.
–Sterling fell 0.1% to $1.2910 and could be softer by the end of the week if U.K. Treasury chief Rachel Reeves announces spending cuts in Wednesday’s spring statement. The euro fell to a near three-week low against a stronger dollar and after Monday’s weak eurozone purchasing managers’ surveys.
–U.S. Treasurys stabilized after the previous day’s selloff and ahead of significant bond issuance starting Tuesday. The 10-year Treasury yield, which rose eight basis points on Monday, was stable at 4.329%.
–In commodities, gold futures were up 0.3% at $3,025.20 a troy ounce, holding steady after a small selloff Monday. Crude oil benchmarks Brent and WTI were up around 0.5%.
–Bitcoin was down 1.9% at $86,670.63
Write to Barcelona Editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
03-25-25 0541ET
