Wall Street futures slipped as a surprise court ruling brought back most of Trump-era tariffs, shaking investor confidence heading into month-end.
U.S. stock futures declined on Friday after a federal appeals court reinstated the majority of tariffs imposed during Donald Trump’s presidency. This move reversed a prior decision that had blocked many of the levies, reigniting trade uncertainties. Despite the setback, the S&P 500 and Nasdaq are still on track for their best month since November 2023, buoyed by solid earnings and tame inflation data.
However, market volatility remains high as investors weigh the impact of renewed tariffs and upcoming inflation figures. Meanwhile, megacap tech stocks slipped slightly in premarket trading, with Nvidia and Tesla showing modest declines. All eyes are now on the Fed’s favored inflation measure, the Personal Consumption Expenditures (PCE) index, due later in the day, which may influence the central bank’s rate path.
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The UK government announced plans to cut green levies on thousands of businesses, aiming to reduce soaring energy costs and boost the manufacturing sector, particularly in Labour strongholds.
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Azerbaijan and Bangladesh seek to deepen their bilateral and multilateral ties. Azerbaijan’s Foreign Minister Jeyhun Bayramov met with his Bangladeshi counterpart Touhid Hossain on Sunday at the 51st Organisation of Islamic Cooperation (OIC) Council of Foreign Ministers in Istanbul.
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Morning Brief
Start your day informed with AnewZ Morning Brief: here are the top news stories for 23 June, covering the latest developments you need to know.
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world news
South Korea and Malaysia agreed to expand bilateral cooperation, including efforts to finalize a free trade agreement, during a phone call between their leaders, local media reported.
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