US stock futures are slightly up on Wednesday as traders analyze President Trump's remarks on possible tariffs and review fresh corporate earnings. Trump addressed America's trade relationship with the European Union and China on Tuesday. Investors also watched Netflix shares surge after the company reported better-than-expected fourth-quarter results.
Investing.com - US stock futures edge higher on Wednesday as traders analyzed comments from President Donald Trump on his plans for possible tariffs and poured over fresh corporate earnings. Trump takes aim at America's trade relationship with the European Union and China in remarks on Tuesday. Elsewhere, Netflix .
"You can be sure that big changes are coming as far as US trade is concerned, even if we didn't get any new tariffs on President Trump's first day in office," analysts at ING said in a note.Despite signs of some relief in financial markets after Trump's orders stopped short of introducing immediate tariffs, sentiment remained cautious as comments from the new president underlined the tougher trading position he could assume during his second term in power.
China, meanwhile, is facing a 10% levy on all goods sent to the US as early as February 1, Trump noted, aligning with a deadline he set for Mexico and Canada earlier this week. Trump, who had previously vowed to impose as much as a 60% tariff on China, said that the threat of the duties may force Beijing to clamp down on the trade of fentanyl across US borders.
“I don’t know about benefited, I don’t where it is, I don’t know much about it other than I launched it, I heard it was very successful,” Trump said in a White House event on Tuesday. In the three months ended December 31, Netflix reported earnings of $4.27 a share on revenue of $10.25 billion, topping estimates of $4.20 on revenue of $10.1 billion, according to an average of analysts' projections cited by Reuters.
US STOCK MARKET TRUMP TARIFFS NETFLIX EARNINGS OIL PRICES TRADE POLICY