US Stock Futures Surge Amid Hopes of Tariff Easing

Wall Street futures rose on optimism about a softer approach to U.S. tariffs and anticipation of economic data. President Trump's administration may limit sector-specific tariffs, boosting early market sentiments. Despite potential flexibility, concerns about an economic slowdown persist due to recent tariff announcements.

Wall Street futures experienced an upswing on Monday as investors entertained hopes for a more balanced approach to U.S. tariffs. Market participants eagerly awaited upcoming economic data to gauge the health of the U.S. economy and inflation trends.

Media reports over the weekend suggested that President Donald Trump's administration might spare certain sectors from tariffs while imposing reciprocal levies starting April 2. This news buoyed early trading sentiments, following slight gains in U.S. stock indexes last Friday. Senior market analyst Charalampos Pissouros, however, warned that declaring an end to recent market turmoil could be premature given Trump's unpredictable stance.

Financial markets have experienced volatility due to fears of a significant U.S. economic slowdown, following Trump's recent tariff announcements against major trading partners. Some companies have already revised their future forecasts citing tariff unpredictability. Yet, Wall Street is showing signs of stabilization, with Dow E-minis, S&P 500 E-minis, and Nasdaq 100 E-minis all rising significantly in premarket activity.

(With inputs from agencies.)