Asian markets open mixed; US futures bounce as Trump teases ‘big' trade deal
By News Desk Published on May 8, 2025, 07:46 IST
Global equities displayed mixed cues on Thursday morning as Asian markets opened on a cautious note, while European futures edged higher. US futures staged a recovery after former President Donald Trump hinted at a major trade deal, calling it 'the first of many,' during a surprise announcement. This came after a brief dip in futures overnight, following the US Federal Reserve's warning about heightened uncertainty around tariffs and broader economic conditions.
The Dow Futures were up 130 points at 41,244 (+0.31%), while Nasdaq Futures rose 152 points to 20,020 (+0.77%). The US Small Cap 2000 Futures climbed 12 points to 2,001 (+0.58%).
In Europe, Germany's DAX Futures advanced 136 points to 23,377 (+0.54%) and UK's FTSE Futures added 43 points to 8,591 (+0.50%).
Among Asian indices, Hang Seng Futures were slightly up at 22,617 (+0.11%), Taiex Futures surged 193 points to 20,569 (+0.94%), South Korea's KOSPI rose 6 points to 2,580 (+0.22%), and Japan's Nikkei Index gained 71 points to 36,851 (+0.19%).
However, India's Gift Nifty was in the red, down 38 points at 24,423 (-0.16%), indicating a soft start for domestic equities.
From the previous US trading session, the Dow closed higher by 285 points at 41,117 (+0.70%), while the Nasdaq settled at 17,738, up 49 points (+0.23%).
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are advised to do their own research or consult financial experts before making any investment decisions.
News desk at BusinessUpturn.com
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