Trump Tariff Delay Boosts Stocks Amid fed watch

⁣ ⁢Updated May ‍27, 2025
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U.S. stocks were⁢ poised to open higher Tuesday as investors reacted positively to President ⁣Trump’s decision to postpone imposing tariffs on the European Union. The move averted a potential trade war and shifted market focus to upcoming comments from ⁤Federal reserve officials and key ⁣U.S. economic data.

Trump agreed ‍Sunday to delay⁤ the tariffs⁢ until July 9 after discussions with European Commission President Ursula von⁤ der Leyen. The U.S. and EU plan to engage in trade talks,fostering improved relations. This development provided ⁤relief after Trump’s recent threats of tariffs on both the EU and Apple rattled markets last week.

The market is closely monitoring whether ⁢the U.S. and EU can reach an agreement before the July 9 deadline. Trump’s trade policy decisions ⁢have introduced unpredictability, ⁤impacting investor confidence.

Investors will be paying close attention to remarks from Fed speakers and analyzing the ⁣latest durable goods orders⁣ data, which showed⁣ a smaller-than-expected⁤ decline.⁣ Consumer confidence data is also anticipated.

In corporate news, ⁣Nvidia shares are up ahead⁣ of its quarterly earnings report Wednesday. Investors are keen to learn how U.S. chip restrictions on China will affect the company. Apple stock is also rising following reports⁣ of increased iPhone shipments from India. Tesla, though, is ⁣up despite a drop in European sales.

Salesforce is reportedly nearing a deal‍ to acquire Informatica for $8 billion,according to the⁢ Wall Street Journal.

In currency markets, the dollar is gaining strength after⁣ recent losses, while the euro is weakening amid expectations of further European Central Bank easing. The ⁢pound is retreating from a three-year high as strong retail sales data suggests the Bank of England may maintain a cautious stance on rate cuts.

What’s next

Market participants ‍will be closely watching the OPEC+ meeting on Saturday⁤ for potential output changes. The group is expected to discuss a possible production increase, which ⁣could limit gains in oil prices. The OPEC Joint⁣ ministerial Monitoring Committee (JMMC) will meet before‍ the full meeting to discuss the ⁣matter.