Investors are braced for more last-minute wrangling between the U.S. and its trading partners, with a 25% levy on Canadian and Mexican goods slated to start Tuesday. Commerce Secretary Howard Lutnick said Sunday that President Trump hasn't decided yet whether to go ahead.
Meantime, cryptocurrencies rallied after Trump said Sunday he would proceed with a strategic reserve that would include bitcoin and ether, as well as three smaller tokens.
In recent trading:
U.S. stock futures rose. Contracts tied to the tech-heavy Nasdaq-100 were up slightly more than S&P 500 or Dow industrials futures. The three indexes all rose at least 1.4% Friday, ending a tough month on a strong note.
European stocks outperformed Monday, boosted by defense names including BAE, Leonardo, Rheinmetall and Thales.
European natural-gas futures climbed, as prospects for an imminent peace deal in Ukraine receded, making an increase of Russian supplies onto the global market look less likely.
U.S. Treasury notes fell, with the 10-year yield recently around 4.26%. Yields move inversely to prices. February saw the largest one-month yield decline since December 2023.
The U.S. dollar weakened against the euro and the U.K. pound.
Coming up this week:
Trump is due to address Congress on Tuesday, amid concerns about the economic impact of his policies.
The official jobs report for February is due Friday.
-By Ed Ballard
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
March 03, 2025 06:28 ET (11:28 GMT)
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