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