US equity futures are higher. European markets opened mostly weaker and Asian equities ended broadly higher, led by gains in Japan and Hong Kong. Trade concerns continue to weigh on sentiment. NVDA disclosed a $5.5B revenue hit from US restrictions on its H20 chips, part of broader export controls targeting China. A US House report labeled AI firm DeepSeek a national security threat and called on NVDA to disclose more detail on related sales. Trump said there is "big progress" in talks with Japan, with similar outreach ongoing to South Korea, India, and the UK. ECB is widely expected to cut rates today, while Fed Chair Powell and other officials signaled caution on the inflation impact of tariffs.

Companies mentioned: Pinterest, DigitalBridge Group, Perplexity AI, Samsung Electronics, Lenovo

US equities are mostly lower with S&P futures pointing down 1.49%. US 2-year yield is steady at 3.8% and 10-year down 5 bps to 4.3%. Gold extends to new record high, bitcoin futures down and WTI crude settled slightly down. Both Asian and European equity markets are lower. Hang Seng underperformed and Taiwan was sharply down. China, Japan and South Korea were also weaker. European indices are pointing down around 1%. White House formally launched national security probes into pharmaceuticals and semis, paving the way for new sectoral tariffs. However, move had been widely telegraphed and market has seemingly been more focused on recent off-ramps. In addition, with US and Japan set to talk trade this week, some thoughts bar for early deals with key allies may be low.

Companies mentioned: Datagroup, SPX Technologies, NVIDIA Corp, ASML Holdings

S&P futures and TSX are pointing slightly up. Asian equities inched higher in cautious trade with a 0.8% surge in Nikkei, Hang Seng and Shanghai are slightly up with India leading the gainers as its banks and auto stocks rallied on tariff reprieve news. European equity markets are mostly higher, with major indices up near 1%. Overnight, US 10-year yield was steady at 4.4% with the 2-year up 1 bP to 3.9%. US dollar unchanged, AUD higher, NZD at four-month high, yen and yuan flat. Oil went up and gold firmer. Crude futures are slightly higher, precious metals are also resuming their upward trend, base metals are mixed. Cryptocurrencies are higher.

Companies mentioned: Apple, Lowe's Companies, Ryanair Holdings, NVIDIA Corp

US futures are indicating a firmer open. European equity markets are trading higher, Asian markets ended the session with broad gains. Markets responded positively to the weekend announcement that US electronics will receive a temporary exemption from both the 10% baseline tariff and the 125% China-specific rate. The decision was seen as a modest de-escalatory move in the US-China trade standoff. However, uncertainty remains as Trump warned electronics tariffs are still under review, with potential semiconductor duties expected within 1-to-2 months.

Companies mentioned: Apple, CK Hutchison, BlackRock, Crocs

US equity futures are paring early losses and indicating a marginally higher open today. European markets on the other hand have given back earlier gains and traded lower since the open, following mixed Asian sessions. Markets continue to wrestle with trade uncertainty despite Trump's tariff pause. Markets unsure about the potential for Trump to reinstate reciprocal tariffs if trade deals are not reached. And some believe the damage has been done despite the tariff reprieve.

Companies mentioned: Harley-Davidson, Shein

US equity futures are slightly lower following Wednesday’s sharp rebound. European markets opened higher, Asian equities closed broadly higher. Markets rallied sharply after President Trump announced a 90-day pause in higher reciprocal tariffs for 90 countries, excluding China, where tariffs were raised to 125% effective immediately. However, policy uncertainty remains elevated with a 10% baseline tariff still in place and the US-China trade dispute escalating. Long-end bond yields are pulling back after steepening earlier this week due to supply and positioning concerns. FOMC minutes showed policymakers favoring a cautious stance before adjusting rates.

Companies mentioned: United States Steel, NIPPON STEEL, TSMC, Newsmax

S&P 500 was slightly up 0.04%. Asian equity markets were under pressure on Wednesday, with Japan and Taiwan performance particularly weak. Nikkei went down 3.93%, Hang Seng up 0.68%, Shanghai Composite +1.31%. European equity markets opened broadly lower, with STOXX 600 down 3 percent and FTSE 100 up 2.6%. Press declared US reciprocal tariffs came into effect with the clock moving past the 12:01 am ET deadline as stated by the White House. Most of the attention is on the highest tariff rate of 104% imposed on China. No further reaction came from Beijing so far though yesterday's backlash continued to reverberate. Full effects may take some time to filter through as goods already in transit as of midnight will be exempt as long as they arrive in the US by May 27th.

Companies Mentioned: Apple, KKR, Assura, META

S&P futures are pointing to a higher open, up +1.71%, as equity markets rebound following recent volatilities. Asian equities were broadly higher today, led by a +5.6% surge in Japan’s Nikkei, while other markets posted more modest gains. European equities are staging recoveries in early trades, with major indices up near +2%. For today's highlight, Trump threatened China with an additional 50% tariff unless Beijing removes its retaliatory levies. China's Commerce Ministry responded, vowing to "fight to the end" if the US escalates further.

Companies Mentioned: Marvell Technology, CVS Health

US equity futures sharply lower, with S&P futures down 3.4%. European equities sharply lower and Asian equities suffered their worst declines since 2008. Markets remain pressured by ongoing tariff concerns, with Trump dismissing recent volatility and reiterating tariffs as structural measures aimed at trade rebalancing and funding. Multiple countries expressed openness to negotiations, but uncertainty persists given Trump’s commitment to aggressive tariff policy. Meanwhile, China state media indicated possible frontloading of stimulus measures, including RRR and interest rate cuts. Asian authorities intervened to stabilize markets, with Taiwan temporarily banning short selling and RBI expected to provide significant cash injections.

Companies mentioned: TikTok, Meta Platforms

US equity futures are lower Friday. European markets opened weaker, and Asian equities ended sharply lower again. Markets remained heavily risk-off following President Trump’s harsher-than-anticipated reciprocal tariff announcements. China warned of countermeasures if tariffs persist, while Canada's Prime Minister Carney proposed retaliatory tariffs on US autos. Despite significant market turmoil, Trump remained firm, indicating no plans to soften tariffs unless "phenomenal" trade concessions are offered, including a possible China deal on TikTok. Investors are now focused on Friday’s nonfarm payrolls report and Fed Chair Powell’s upcoming speech for further insight into the economic and policy implications.

Companies Mentioned: Brookfield Infrastructure Partners, Blackstone, Capri Holdings, Prada