Wall Street saw a positive rebound on Monday with the S&P 500 futures rising by 0.5% and the Dow Jones Industrial Average futures up by 0.4%. This comes after a recent decline fueled by concerns over President Donald Trump’s tariffs. Trump’s tariffs on Canada and Mexico were set to start the following day, along with an increase in tariffs on imports from China. The global economy has been rattled by the threat of escalating tariffs, leading to consumer anxiety about inflation and impacting investor confidence. Chinese manufacturers experienced a surge in orders as importers rushed to beat the higher U.S. tariffs, while Beijing considered retaliatory measures.

In the equities market, Intel’s stock jumped 5% on reports of positive manufacturing testing, potentially generating significant revenue. Meanwhile, Capri Holdings rose in premarket trading on news of a possible deal to sell its Versace business to Prada. On a different note, shares of Kroger dipped following the resignation of its Chairman and CEO due to an internal investigation. In Asian markets, Mixue Bingcheng’s IPO performed exceptionally well, and Hong Kong’s Hang Seng index rose, despite a slip in the Shanghai Composite index.

European markets surged after a report showed easing inflation, supporting the case for an interest rate cut. Germany’s DAX, Paris’ CAC 40, and Britain’s FTSE 100 all posted gains. Additionally, Bitcoin prices rose after Trump’s announcement of a cryptocurrency strategic reserve. Overall, the market landscape reflected a mix of positive developments and uncertainties amid ongoing trade tensions and economic indicators.