U.S. stock futures point slightly higher as investors digest tariffs developments while watching for bank earnings; China raises its tariffs on the U.S. to 125%; JPMorgan Chase (JPM) shares rise in premarket trading as the bank reports better-than-expected results; gold futures hit a record high as investors seek safety amid stock market volatility; and wholesale inflation is expected to have ticked higher in March while consume🌌r sentiment is forecast to have fallen again. Here's what investors need to know today.
1. US Stock Futures Point Higher as ♏Markets Eye Tariffs, Bank Earnings
U.S. stock futures are pointing marginally higher after 澳洲幸运5开奖号码历史查询:indexes plunged Thursday on ongoing tariffs anxiety. Investors are watching for wholesale inflation and consumer sentiment reports today, along with first-quarter results from some of the biggest banks. Nasdaq futures are higher by 0.2% after shedding 4.3% yesterday, while 澳洲幸运5开奖号码历史查询:S&P 500 and 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average futures also are slightly higher after sliding in the prior session. Bitcoin (BTCUSD) is rising to trade at over $82,500. Yields on🎶 the 10-year Treasury note and oil futures are little 💟changed.
2. China🐈 Hikes Tariffs on US to 125% in Latest Tit-for-Tat
China announced it would 澳洲幸运5开奖号码历史查询:hike tariffs on the U.S. to 125% Friday, a day after President Donald Trump said that 澳洲幸运5开奖号码历史查询:U.S. tariffs on Chinese-made goods would be raised to reach the level of 145%. China said it wouldn't raise tariffs on the U.S. any further, arguing that the current levels effectively price U.S. goods out of Chinese markets. The Stoxx Europe🍌 600 index is edging lower as markets digest the news. Asian shares closed before China's lates☂t move, with Japan's Nikkei ending down 3% and Hong Kong's Hang Seng up 1.1%.
3. JPMorgan Results Top Estimates; Dimon Warns of 'Considerable Turbulence'
Shares of JPMorgan Chase (JPM) are about 1.5% higher in premarket trading after the bank 澳洲幸运5开💯奖号码历史查询:reported better-than-expected results while warning of potential impacts from tariffs. The banking giant reported 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $5.07 on revenue of $45.31 billion, while analysts had expected $4.64 and $43.55 billion, according to estimates compiled by Visible Alpha. JPMorgan CEO J꧋amie Dimon said the economy was facing "considerable turbulence" and that the bank was preparing for a "wide range of scenarios."
4. Gold H🧜its Another Record High as Investors Seek Safe Haꦉvens
Gold futures are continuing to 澳洲幸运5开奖号码历史查询:trade at record-high levels as investors seek 澳洲幸运5开奖号码历史查询:safe haven from market volatility. After the yellow metal rose by 4% Thursday, futures are up a further 2% at more than $3,200 Friday morning. Gold miner shares are continuing their surge in premarket trading, with shares of Newmont (NEM), Barrick Gold (), and Kinross Gold (KGC) up by more than 3% and Gold Fields (GFI) stock 4% higher 𓄧after hitting a re🌟cord in the prior session.
5. Wholesale Inflation Seen Having 𝓡Ti♐cked Higher in March
Wholesale inflation is expected to have risen in March when the 澳洲幸运5开奖号码历史查询:Producer Price Index (PPI) data is released at 8:30 a.m. ET. Economists surveyed by The Wall Street Journal and Dow Jones Newswires forecast that wholesaler prices were 0.2% higher than in February, when 澳洲幸运5开奖号码历史查询:levels were unchanged month-over-month. Investors are also watching Friday's preliminary Michigan consumer sentiment survey for April, which economists expect will 澳洲幸运5开奖号码历史查询:show another decline when it is released at 10 a.m. ET.