Overview

• President Trump announced a 35% levy on Canadian imports and a 50% tariff on Brazilian goods and copper effective August 1, reviving trade jitters.
• U.S. stock index futures slipped on Friday as investors weighed new blanket tariff warnings ahead of the second-quarter earnings kickoff next week.
• Weekly unemployment claims unexpectedly fell to their lowest level in two months, underscoring resilience in the labor market.
• Silver surged past $38 an ounce to a nearly 14-year high and Bitcoin briefly topped $118,000 as traders sought safe-haven assets.
• India’s benchmark indices opened lower with Tata Consultancy Services’ modest 6% profit growth adding to caution at the start of the earnings season.