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Wall Street is set to open on a positive note on Wednesday after President Donald Trump<\/strong> announced a trade agreement with Japan<\/strong>, boosting expectations of further trade deals ahead of the August 1 deadline<\/strong> for U.S. tariffs.<\/p>\n\n\n\n The U.S.-Japan trade deal, which slashes tariffs on Japanese auto exports to the U.S. from 27.5% to 15%, has provided a significant lift to investor sentiment. Additionally, tariffs on other goods will also be reduced from 25% to 15%, which analysts view as a move that could ease trade tensions and pave the way for more agreements before the August 1 deadline.<\/p>\n\n\n\n At 8:24 a.m. ET<\/strong>, S&P 500 E-minis<\/strong> were up by 22.5 points (0.35%), Nasdaq 100 E-minis<\/strong> gained 17.75 points (0.08%), and Dow E-minis<\/strong> climbed 233 points (0.52%). The Russell 2000<\/strong>, tracking small-cap stocks, also rose by 0.9%.<\/p>\n\n\n\n As the U.S.<\/strong> and European Union<\/strong> representatives head into trade negotiations, the European Commission<\/strong> has made its own move, proposing counter-tariffs on $109 billion<\/strong> worth of U.S. goods. The next few days will be crucial in determining whether these countermeasures will come to fruition or if a breakthrough deal can be achieved before tariffs rise on August 1<\/strong>.<\/p>\n\n\n\n In the midst of ongoing trade uncertainty, investors are also keenly awaiting second-quarter earnings<\/strong> reports from major players like Tesla (TSLA)<\/strong> and Alphabet (GOOGL)<\/strong>, both of which are expected to report after the bell on Wednesday<\/strong>. With AI optimism<\/strong> running high, expectations for these tech giants are incredibly elevated, leaving little room for disappointment.<\/p>\n\n\n\n The S&P 500<\/strong> reached its eighth record high of the month on Tuesday, driven by strong earnings reports and a resilient U.S. economy. Tesla<\/strong> and Alphabet<\/strong> stocks eased slightly by about 0.3% in premarket trading as the anticipation builds.<\/p>\n\n\n\n While some companies continue to report strong earnings, others are feeling the pressure from the trade war and rising tariffs. Texas Instruments (TXN)<\/strong>, for example, dropped 9.9% after providing a disappointing quarterly profit forecast<\/strong> amid weaker-than-expected demand for its chips and tariff-related uncertainties.<\/p>\n\n\n\n General Motors (GM)<\/strong> also faced a setback, with shares falling over 8% after the company announced that Trump\u2019s tariffs cost them $1.1 billion<\/strong> in quarterly earnings.<\/p>\n\n\n\n Meanwhile, Hasbro (HAS)<\/strong> rose by 0.5% after it raised its annual revenue forecast, and AT&T (T)<\/strong> slipped 3.4% despite reporting higher-than-expected profit.<\/p>\n\n\n\n In terms of economic data, existing home sales<\/strong> for June are set to be released on Wednesday. Jobless claims<\/strong> numbers for the week, along with the S&P Global flash PMI data<\/strong>, will also be closely monitored for signs of economic health amid the ongoing tariff uncertainties.<\/p>\n\n\n\n While Fed rate cuts<\/strong> are being speculated on, traders are increasingly betting against a July rate cut<\/strong>, with odds for a September reduction<\/strong> standing at 56% according to the CME FedWatch tool<\/strong>. Federal Reserve Chair Jerome Powell<\/strong> has faced mounting pressure from Trump, who has criticized the Fed\u2019s reluctance to lower interest rates.<\/p>\n\n\n\n As the July Fed meeting<\/strong> approaches, discussions about the central bank\u2019s independence<\/strong> continue to stir political concerns, adding another layer of uncertainty to market expectations.<\/p>\n\n\n\n With trade tensions<\/strong>, tariffs<\/strong>, and earnings season<\/strong> dominating market narratives, Wall Street investors remain focused on the outcome of ongoing negotiations and the broader impact of U.S. trade policies<\/strong>. While the U.S.-Japan deal<\/strong> has offered a positive shift in sentiment, uncertainties regarding the EU-U.S. trade talks<\/strong> and broader tariff concerns are likely to keep markets on edge in the coming weeks.<\/p>\n","protected":false},"excerpt":{"rendered":" Wall Street is set to open on a positive note on Wednesday after President Donald Trump announced a trade agreement with Japan, boosting expectations of further trade deals ahead of the August 1 deadline for U.S. tariffs. U.S.-Japan Trade Deal Boosts Market Sentiment The U.S.-Japan trade deal, which slashes tariffs on Japanese auto exports to …<\/p>\n","protected":false},"author":9,"featured_media":31849,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6842],"class_list":["post-116934","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-us"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=116934"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116934\/revisions"}],"predecessor-version":[{"id":116935,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116934\/revisions\/116935"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31849"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=116934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=116934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=116934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}U.S.-Japan Trade Deal Boosts Market Sentiment<\/strong><\/h3>\n\n\n\n
Ongoing Trade Talks and EU Response<\/strong><\/h3>\n\n\n\n
Earnings Season Underway: Tesla and Alphabet in Focus<\/strong><\/h3>\n\n\n\n
Mixed Earnings Reports<\/strong><\/h3>\n\n\n\n
Economic Data and Market Outlook<\/strong><\/h3>\n\n\n\n
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