Overview

• After July 10’s AI-led rally, the S&P 500 and Nasdaq held near record closing highs with Nvidia’s market value topping $4 trillion
• President Trump confirmed 50% tariffs on copper and Brazil’s imports and raised levies on Canadian goods to 35% starting August 1
• U.S. equity futures were little changed early on July 11 as investors balanced optimism from tech gains with heightened trade uncertainty
• India’s GIFT Nifty futures signaled a gap-down start and domestic benchmarks opened lower after TCS reported a 6% profit rise but tepid revenue growth
• Market participants are focused on the upcoming earnings season and central bank policy signals for further guidance amid persistent tariff concerns