Wall Street Stock Futures rise after a temporary liberation of US -Tech exemption

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Futures pointed to a Tech shares when smartphones and other consumer electronics from the toughest tariffs against China were opened for the first time in Asia in Asia in Asia in Asia.

Futures pursues the technically high-quality US NASDAQ 100 index by 1.4 percent, even when the Trump management signaled that there could still be taxes for these goods in the coming months. Contracts after the Blue Chip S&P 500 index from Wall Street rose by 1 percent. The trading volume at the beginning of Asian morning is usually thin, which can tighten the price fluctuations.

Dealers predicted another volatility because the US profit season starts seriously this week. Dozens of public companies prepared for reporting numbers and guidelines for the rest of the year after a weekend when managers had difficulty recognizing the Trump administration’s plans.

A message from Customs and Border Patrol on Friday evening showed that smartphones would be excluded from the 125 percent “mutual” tariff for the “mutual” tariff last week, but on Sunday President Donald Trump said that they would be included in a broader review of the “entire electronics supply chain”.

His Minister of Commerce Howard Lutnick said about the excluded objects that are “recorded in the semiconductor tubes that will probably come a month or two”.

“I have never seen anyone who can tell me exactly which duties are more,” said Peter Tchir, head of the Macro strategy at Academy Securities, and added that he would be suspicious of a large radio rally and compare them with the market bounces during the debts of the euro zone and global financial crises.

“Politicians come out that the market has hoped and that it has a rally, but then everyone realizes that we have major problems,” he said.

The markets have endured the most volatile trade since Covid-19 in the one and a half weeks since Trump has announced a 10 percent tariff for most goods from countries around the world and much higher taxes for the largest import sources for the USA. These additional taxes were taken in most countries last Wednesday after they had only been on the spot for 13 hours, which prompted the greatest increase in entry of the S&P 500 since 2008, but Trump also increased the so -called mutual tariff for Chinese goods to 125 percent.

Technology companies, whose supply chains are strongly exposed to China, have seen some of the wildest fluctuations. Apple, manufacturer of the iPhone, lost a quarter of its value, almost 775 billion USD before regaining half of the losses.

According to Mike Hall, Managing Director of Consulting Group Alvarez & Marsal, the list of exclusions on Friday sent racing tracks to update models about the likely effects. While investors may receive more transparency for supply chains in profit calls, managers will predict.

“It’s every day at management level,” said Hall. “In the next few weeks in the next few weeks in the S&P 500 in investor calls in investors will be advised, and they are all asked the same question: What do you know from today and what is the effects?