European stocks and U.S. futures declined as investors refocused on the intensifying global trade war, following a brief rally due to softer-than-expected U.S. inflation data. Stocks in Asia reversed initial gains, while gold climbed close to its record peak and the safe-haven yen edged up. Futures indicated a lower start for Wall Street, with S&P 500 futures down 0.54% and Nasdaq futures off 0.78%. Global stocks have been volatile, driven by uncertainties from U.S. President Donald Trump’s tariff policies, affecting growth prospects. Gold prices rose for a third consecutive session, nearing the all-time high. The U.S. S&P 500 is down nearly 5% for the year, while European stocks, supported by government spending plans, are up around 6.6%. The yen strengthened, bolstered by expectations of Bank of Japan rate hikes. Investors remain cautious, with markets driven by concerns over Trump’s tariffs and U.S. growth. — news from Reuters
