Overview

• U.S. stock futures slipped over 0.5% on Friday after the S&P 500 and Nasdaq closed at record highs on July 10 driven by Nvidia’s breakthrough $4 trillion valuation.
• President Trump unveiled a 35% levy on Canadian imports effective August 1 and proposed blanket 15–20% duties on other trading partners.
• Indian benchmarks extended a third consecutive decline with the Sensex tumbling almost 1% and the Nifty falling more than 200 points as trade policy jitters intensified.
• Tata Consultancy Services shares dropped over 3% after reporting 6% net profit growth in its June quarter on modest revenue gains and issuing cautious guidance.
• Gold and silver rallied to multi-year peaks as investors sought safe havens in response to renewed trade tensions.