FX.co ★ US Futures Decline Ahead of ‘Liberation Day’

U.S. stock futures declined on Monday as investors prepared for the upcoming 'Liberation Day', a day marked by President Donald Trump's plan to implement a 25% tariff on imported vehicles and reveal intentions for reciprocal trade duties. Over the weekend, Trump claimed indifference, stating he "couldn't care less" if foreign car manufacturers decide to increase prices in response. Additionally, The Wall Street Journal indicated that the president is urging his advisors to adopt a more assertive approach to trade policy. Last week, major stock indices initially experienced a rally but then continued their descent. The Dow Jones Industrial Average decreased by 0.96%, the S&P 500 fell by 1.53%, and the Nasdaq Composite slumped by 2.59%, as market participants became anxious about the potential retaliatory actions from essential trading partners, which could negatively impact the U.S. economy. Furthermore, investors are closely monitoring this week's monthly employment report and a slew of corporate earnings announcements, with firms such as PVH, Restoration Hardware, and Constellation Brands scheduled to release their earnings.