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Futures Steady as December CPI Tempers Early Market Weakness

U.S. stock futures recovered from earlier losses on Tuesday morning as traders absorbed December’s inflation report, which largely matched expectations and eased concerns about a potential shift in Federal Reserve policy. The Consumer Price Index showed steady month‑over‑month growth, reinforcing the view that inflation is cooling gradually without derailing economic momentum. Futures tied to major indexes — including the Dow, S&P 500, and Nasdaq — initially slipped in premarket trading but later pared declines as investors interpreted the data as broadly supportive of the Fed’s current stance. Market participants are now turning their attention to the start of fourth‑quarter earnings season, with major banks preparing to report results that could offer fresh insight into corporate health and credit conditions. Treasury yields held relatively stable, reflecting a cautious but steady tone across financial markets. With inflation trending in a manageable direction and earnings sea...
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Trade Tensions Escalate: China and Canada Strike Back at U.S. Tariffs


In a dramatic escalation of global trade tensions, China and Canada have swiftly retaliated against the sweeping tariffs imposed by former U.S. President Donald Trump. The U.S. recently enacted a 25% tariff on most imports from Canada and Mexico, alongside a 10% increase on Chinese goods, doubling the existing duties to 20%.

China responded by imposing tariffs of up to 15% on key U.S. agricultural products, including chicken, wheat, and corn, while Canada announced immediate tariffs of 25% on $20.7 billion worth of American goods, with plans to expand these measures further. Canadian Prime Minister Justin Trudeau condemned the U.S. actions, calling them unjustified and a violation of trade agreements.

These retaliatory measures are expected to disrupt supply chains and increase costs for businesses and consumers, further straining the already fragile global economy. The trade war shows no signs of abating, with all sides digging in for what could be a prolonged economic standoff.

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