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Business Upturn
3 days ago
- Business
- Business Upturn
Global markets rally as U.S. court blocks Trump-era tariffs; AI earnings also boost sentiment
Global equity markets opened higher on Thursday, buoyed by sharp gains in U.S. futures after a landmark federal court ruling blocked former President Donald Trump's authority to impose trade tariffs. The move was viewed as a significant de-escalation of trade-related risks, further supported by strong quarterly results from artificial intelligence major Nvidia. A U.S. federal court ruled that Donald Trump did not have the authority to set tariffs unilaterally, effectively blocking the so-called 'Liberation Day' tariffs introduced during his presidency. The Trump administration has already appealed the decision. The White House issued a sharp response, stating, 'It's not for unelected judges to decide how to properly address a national emergency.' This legal development was interpreted by markets as a rollback of protectionist trade policies, leading to a relief rally in equities. U.S. stock index futures surged in response: Dow Futures jumped 500 points (+1.19%) to 42,599 Nasdaq Futures gained 400 points (+1.88%) to 21,718 Russell 2000 Futures rose 41 points (+1.98%) to 2,109 The positive momentum spilled over into global markets: Germany's DAX Futures were up 190 points (+0.79%) UK's FTSE Futures added 62 points (+0.70%) Japan's Nikkei Index gained 529 points (+1.40%) to 38,252 South Korea's KOSPI rose 30 points (+1.14%) Taiwan's Taiex Futures climbed 141 points (+0.67%) India's GIFT Nifty was up 57 points (+0.23%) at 24,820 (adjusted). However, Hang Seng Futures in Hong Kong edged slightly lower by 24 points (-0.10%). This rebound comes after a slightly negative close on Wall Street on the previous day: Dow Jones closed at 42,099, down 245 points (-0.58%) Nasdaq ended at 19,101, lower by 98 points (-0.51%) Analysts noted that the combination of strong AI earnings and legal checks on unilateral tariff powers has infused fresh optimism across equity markets globally. News desk at
Business Upturn
19-05-2025
- Business
- Business Upturn
Global markets: Asian markets slip; US futures dip after Moody's downgrade, Europe trades flat
Global markets opened on a cautious note as Asian equities traded in the red, reacting to Moody's downgrade of the U.S. investment grade rating, which has sparked fresh concerns around economic growth and rising debt levels. Meanwhile, European futures are holding steady in a narrow range. In the U.S. futures market, all major indices are in the red: Dow Futures : 42,400 (▼254 pts / -0.60%) Nasdaq Futures : 21,201 (▼224 pts / -1.05%) US Small Cap 2000 Futures: 2,096 (▼18 pts / -0.84%) European markets are trading mixed: DAX Futures (Germany) : 23,820 (▲4 pts / +0.02%) FTSE Futures (UK): 8,687 (▼10 pts / -0.11%) Asian markets are broadly lower: Hang Seng Futures : 23,012 (▼253 pts / -1.03%) Taiex Futures (Taiwan) : 21,653 (▼176 pts / -0.80%) KOSPI (South Korea) : 2,598 (▼29 pts / -1.11%) Nikkei (Japan) : 37,609 (▼144 pts / -0.38%) Gift Nifty (India): 25,061 (▼18 pts / -0.07%, adjusted) The cautious sentiment follows a positive close on Wall Street yesterday, where the Dow Jones gained 332 points (+0.78%) and the Nasdaq rose 99 points (+0.52%), although futures suggest those gains may be pared back in today's session. Markets are likely to remain volatile as investors digest the implications of the U.S. credit rating move and await further macroeconomic cues. News desk at
