US Markets See Premarket Gains

Following President Donald Trump's announcement of a 25% tariff on all steel and aluminum imports, US markets experienced a surge in premarket trading. Notably, US Steel shares soared by 11%, reflecting the immediate impact of the new tariffs on the industry.

Gold Hits Record High

In other market news, gold prices climbed to a new record high of $2,892 earlier today, indicating a shift in investor sentiment towards safe-haven assets amidst global economic uncertainties.

Earnings in Focus: McDonald's Leads the Pack

McDonald's is set to be the highlight of today's earnings schedule, with a packed roster of earnings reports planned for the rest of the week. Investors are keenly awaiting these reports for insights into corporate America's health and future prospects.

Market Indices Show Positive Trends

At 4:25 am ET, the Dow Jones gained 0.28%, the Nasdaq 100 added 0.59%, and the S&P 500 improved by 0.39%, showcasing a positive trend in the US markets.

Currency Movements

The euro traded flat against the dollar, with a rate of 1.03277 at 4:26 am ET, reflecting the ongoing dynamics in the global currency markets.