Group 1: Trade Developments - President Trump announced 10% tariffs on several European countries, escalating to 25% if no agreement is reached by June 1 [1] - The EU has threatened to use its anti-coercion instrument (ACI) to respond to US trade actions, which could include trade sanctions and export restrictions [2] Group 2: Market Reactions - US futures fell sharply, with the Dow Jones E-mini down 427 points and the Nasdaq 100 E-mini down 267 points, indicating market sensitivity to trade developments [4] - Earnings reports, particularly from Netflix, are expected to influence market sentiment and demand for tech stocks [5] Group 3: Technical Analysis - Despite morning losses, the Dow Jones E-mini and S&P 500 E-mini remained above their 50-day and 200-day EMAs, indicating a bullish bias [6] - The Nasdaq 100 E-mini traded below its 50-day EMA, signaling a bearish near-term bias [6]