US Markets React Positively to New Tariffs

In the early hours of Monday, the US stock market showed signs of strength in premarket trading. This uptick followed President Donald Trump's announcement of a 25% tariff on all steel and aluminum imports. The news propelled US Steel shares to soar by 11%, marking a significant moment for the industry.

Gold Hits Record High

Amidst these developments, gold prices climbed to a new record high of $2,892, reflecting investors' search for safe-haven assets in uncertain times.

Earnings Season Kicks Off with McDonald's

Today's financial spotlight is on McDonald's as it reports its earnings, setting the stage for a busy week of corporate earnings announcements. Investors are keenly watching these developments for signs of economic health and corporate resilience.

At 4:25 am ET, the Dow Jones had gained 0.28%, the Nasdaq 100 added 0.59%, and the S&P 500 improved by 0.39%. Meanwhile, the euro remained steady against the dollar, trading at 1.03277 at 4:26 am ET.