Morning Bid: Tariff exclusion hopes prop up markets

By Mike Dolan

LONDON (Reuters) - What matters successful U.S. and planetary markets today

By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets

The last week of a bruising 4th for U.S. stocks looks acceptable to commencement connected an upbeat enactment amid signs of equivocation successful Washington connected its long-threatened April 2 tariff hikes.

Anxiety implicit a looming commercialized warfare has been 1 of the biggest drags connected stocks each year, truthful play reports suggesting adjacent week's moves whitethorn exclude a acceptable of sector-specific tariffs gave banal futures a assistance up of Monday's bell.

Today's heavy dive looks astatine however a breakdown successful information relations betwixt Washington and the European Union whitethorn origin planetary reserve managers to reexamine their currency of choice. Find this and much marketplace investigation below.

Today's Market Minute

* U.S. President Donald Trump's medication is apt to exclude a acceptable of sector-specific tariffs erstwhile applying reciprocal levies connected April 2, Bloomberg News and the Wall Street Journal reported, citing officials.

* New Canadian Prime Minister Mark Carney connected Sunday called a drawback predetermination for April 28, saying helium needed a beardown mandate to woody with the menace posed by U.S. President Donald Trump, who "wants to interruption america truthful America tin ain us."

* China sought to reassure overseas firm chiefs of the country's concern imaginable erstwhile Vice Premier He Lifeng met with the heads of Apple, Pfizer, Mastercard, Cargill and others connected Sunday.

*A U.S. delegation volition question to marque advancement toward a Black Sea ceasefire and a broader cessation of unit successful the warfare successful Ukraine erstwhile it meets for talks with Russian officials connected Monday.

* Britain volition instrumentality to its fiscal rules contempt planetary upheaval, concern curate Rachel Reeves said connected Sunday, raising the imaginable of thousands of nationalist assemblage occupation cuts.

Tariff exclusion hopes prop up markets

President Donald Trump said past period that helium intended to enforce car tariffs "in the vicinity of 25%" and akin duties connected semiconductors and pharmaceutical imports, but helium aboriginal agreed to hold immoderate car tariffs aft a propulsion by the 3 largest U.S. automakers for a waiver.

Reports suggest different exclusions are present successful the pipeline, though the last plan of the measures remains highly uncertain.

S&P 500 futures were up astir 1% connected Monday, looking to chopped losses successful the index, which was connected people for its worst 4th successful astir 3 years and its worst archetypal 4th since the pandemic deed successful 2020.

European and Chinese stocks were higher excessively arsenic a effect of the tariff reports.