Big shifts in global government policy are pushing markets around early Thursday.
In the U.S., the dollar weakened further and stock futures dropped. The partial rollback of tariffs against Canada and Mexico saw indexes rally Wednesday.
Government bonds fell across the globe, pushing up yields.
In other recent market action:
S&P 500 and Dow industrials futures fell roughly 1%, while Nasdaq-100 futures dropped more.
Global markets were mixed. The Stoxx Europe 600 edged lower. Asian indexes largely rose, with Hong Kong’s Hang Seng up 3.3%, driven by gains in Chinese tech stocks.
U.S. Treasury yields ticked higher, but less than yields in Europe and Japan.
Bitcoin rose to around $91,000.
The European Central Bank is expected to cut interest rates again in an announcement due at 8:15 a.m. ET.
Kroger and Macy’s are due to report earnings this morning; results are due later from Broadcom and Costco.
