- Stock markets in Asia and Europe rose this morning following an eighth straight day of gains in the S&P 500 and positive earnings data from Apple, Amazon, Microsoft and Meta. But U.S. shipping and manufacturing data show a tariff-induced slowdown is coming with one analyst forecasting an “industrial recession” in the months ahead. Investors don't care, however: S&P futures have been pointing up most of the morning prior to the opening bell in New York.
Investors the world over cheered upbeat earnings calls from companies like Amazon, Apple, Microsoft and Meta, driving eight straight days of gains in the S&P 500. Markets in Asia and Europe rose this morning. The news cycle is also helping: China’s commerce ministry said it was in contact wth the U.S. about trade talks. Investors seem to be betting that, ultimately, President Trump’s tariff barriers will come down in a series of compromises.
