US and European futures are higher. Asian equities trading mixed. US 2-year yield stays at 3.7% with 10-year hitting 4.3%. Crude contracts easing back, precious metals up. Fallout continues from President Trump's tariff announcements as countries facing steepest levies contemplate their response. Switzerland is among the hardest hit nations with 39% tariff, prompting business minster to weigh a revised trade offer to US that includes stepped up purchase commitments. Trump hit Brazil with additional 40% tariffs amid a diplomatic and trade row, though while President Lula struck defiant tone he also indicated openness to talks. Canada says open to reaching deal that results in lower tariffs ahead of possible talks between Trump and Carney in coming days. Meanwhile, White House is giving more positive signals on direction of US-China trade talks with Treasury Secretary Bessent flagging makings of a trade deal

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