Market Reactions - U.S. stock futures rose after President Trump indicated a retreat from planned tariffs on the European Union, following a productive meeting with NATO Secretary General Mark Rutte, leading to a resurgence of the "TACO Trade" [1] - S&P 500 Futures increased by 0.30% to 6,931.00, Nasdaq Futures rose by 0.43% to 25,579.00, and Dow Futures gained 0.18% to 49,353.00 [1] International Market Impact - Asian markets surged, with Japan's Nikkei 225 up 1.20% to 53,409.16, driven by stocks with exposure to European markets [2] Economic Indicators - Japan's exports rose by 5.1% year over year in December, marking the fourth consecutive month of growth, although shipments to the U.S. fell by 11.1% [3] - The U.S. Dollar Index (DXY) remained flat at 98.787, down 0.01% for the day but up 0.86% over the past month [4] Upcoming Earnings and Reports - Investors are anticipating earnings releases from Procter & Gamble, General Electric, Intel, and Capital One Financial, along with GDP reports, Initial Jobless Claims, and Personal Consumption Expenditure reports [5]
Trump's Greenland Tariff Retreat Sends Dow Futures Higher As 'TACO Trade Wins Again': Nikkei Rises As Weak Yen Boosts Japan Exports - Capital One Finl (NYSE:COF), GE Aerospace (NYSE:GE)