Mar 06 2025 4 mins 4
US equity futures are slightly softer after a strong rally on Wednesday. European markets opened firmer, while Asian equities ended mostly higher, with Hong Kong continuing to outperform while Australia lagged. Markets responded positively to the White House’s decision to delay auto tariffs for Canada and Mexico by one month, while officials also suggested potential exemptions for agricultural and other key products under USMCA. Stronger-than-expected ISM Services data showed rising new orders and employment. The ADP private payrolls report missed expectations, while the Beige Book pointed to softer consumer spending and growing business concerns over trade uncertainty. Oil prices remained under pressure despite lingering concerns about inflation.
Companies Mentioned: Allegro MicroSystems, Onsemi, Sanken Electric, SGS, Groupe Bruxelles Lambert, Microsoft
