Overview

• U.S. futures rose early Monday (Dow +0.9%, Nasdaq 100 +1.7%) and the DAX opened higher after a Friday slide that left the Dow down 1.9%, the S&P 500 off 2.7%, and the Nasdaq lower by roughly 3.5%.
• Asian equities opened weaker as they caught up to the tariff shock, while European benchmarks staged a partial recovery to start the week.
• Gold set a fresh record near $4,060 per ounce as investors sought safety following the policy jolt.
• Cryptocurrencies suffered a weekend rout that erased roughly €400 billion in market value and triggered large liquidations, then retraced part of the losses by Monday.
• On-chain sleuths flagged two Hyperliquid addresses that timed profitable shorts around the drop, prompting insider-trading allegations, and separate reports pointed to Porsche cost-cutting talks with its works council and a Reuters-sourced claim that PSI Software is set for a sale to Warburg Pincus for over €700 million.