FX.co ★ US Futures Hold Sharp Decline

Futures linked to U.S. equities remained significantly down as the week began, following new tariff threats from President Trump and ongoing stress in global bond markets. The three major indices were projected to decline by over 1%, with the Nasdaq 100 heavily impacted due to its large concentration of tech giants, leading futures down by 1.5%. President Trump announced his intention to implement 10% tariffs on Denmark, Norway, Germany, the UK, France, the Netherlands, Sweden, and Finland by February if these nations continue opposing the U.S. acquisition of Greenland. These tariffs are threatened to rise to 25% by June unless an agreement is reached. Simultaneously, tech titans are feeling the squeeze from increased borrowing cost benchmarks, a result of Japan's tax cut pledges that propelled long-term bond yields up across major global economies. In terms of earnings, 3M's shares fell 4.5% in pre-market trading despite surpassing its revenue estimates for the fourth quarter. Meanwhile, Netflix futures edged up by 1.3% in anticipation of their earnings report, scheduled for release after the market closes.