U.S. equity markets are on course to open relatively unchanged at the start of the week after bouncing back from early losses on Friday, which came as Donald Trump announced tariffs on steel and aluminum.
U.S. equity markets are on course to open slightly in the red at the start of what should be another big week for the world’s largest economy. The S&P 500 and the Dow both made decent gains again on Friday and ended at record closing highs, so the fact that we’re seeing futures pare these isn’t too surprising.
Trump is widely expected to push his America first agenda while making the argument for fair and reciprocal trade and claiming the country is now open for business. The visit is clearly an attempt to pitch the country to business leaders following the recent tax overhaul while at the same time reaffirming the United States’ position in the world and even perhaps clearing up some of the damage caused by recent unsavory leaks.