FX.co ★ US Futures Steady Ahead of Key Inflation Data

U.S. stock futures remained stable on Tuesday as investors anticipated the release of the latest Consumer Price Index report, seeking insights into how the newly implemented tariff changes are affecting inflation. Market participants also looked forward to the upcoming retail sales and producer price data, which will provide further perspectives on the economic landscape later in the week. In Monday’s trading session, the stock market experienced significant gains. The Dow increased by 2.81%, the S&P 500 rose by 3.26%, and the Nasdaq Composite surged by 4.35%. This rally was driven by the announcement that the U.S. and China have mutually agreed to temporarily lower their tariffs to 30% and 10%, respectively, for a 90-day period. This development alleviated fears of a prolonged trade war and the risk of an ensuing recession. Treasury Secretary Scott Bessent revealed plans to engage in discussions with Chinese officials in the coming weeks aimed at negotiating a broader trade agreement. Leading the market surge were major technology companies, with significant gains from Tesla (+6.8%), Nvidia (+5.4%), Amazon (+8.1%), Meta (+7.9%), and Apple (+6.2%).