Global Stock Futures Rise Amid US-China Trade Tensions, Tariff Surges

Global stock markets showed resilience amid ongoing trade tensions sparked by U.S. President Donald Trump's tariff policies. Canadian futures rose ahead of the Bank of Canada's interest rate decision, while European stocks were buoyed by investor interest potentially driven by provisions in Trump's tax bill and a recent executive order raising steel and aluminum tariffs to 50%. Asian markets also gained, supported by strong U.S. labor market data that eased recession fears despite the trade war. Futures in the U.S. edged higher, with tech shares like Nvidia leading gains amid hopes of a Trump-Xi Jinping call to ease trade tensions. Meanwhile, emerging market debt attracted attention for its income potential and diversification benefits as investors seek alternatives amid uncertainty. Geopolitical risks, including the Russia-Ukraine conflict, continued to influence commodity prices, with oil futures rising and gold slightly falling due to fluctuating safe-haven demand.