Wall Street staged a recovery, driven by a rebound in tech stocks, with NVIDIA surging 7% following Monday's AI-driven stock rout. Royal Caribbean also saw gains, buoyed by a positive profit outlook and its new river cruise launch. Meanwhile, President Trump's announcement of potential tariffs on computer chips, steel, and pharmaceuticals stirred market uncertainty, impacting oil prices as traders weighed the implications. Copper prices, however, rose in response to the tariff pledge. In Europe, shares closed at a record high as concerns over the tech sector eased. Looking ahead, Aussie shares are expected to rise, supported by NVIDIA's recovery from the DeepSeek shock. However, the Aussie dollar weakened amid fresh tariff threats, and upcoming inflation data could influence the RBA’s decision on potential rate cuts.

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