U.S. stock futures rise, European stocks open mixed, the dollar weakens, and gold and oil prices increase

U.S. stock futures rose, with Nasdaq 100 futures up more than 0.2%. The Euro Stoxx 50 index opened up 0.3%. The U.S. dollar index fell more than 0.1%. The benchmark 10-year U.S. Treasury yield rose by about 1 basis point. Spot gold rose more than 0.5%. Both WTI and Brent crude oil rose more than 0.6%

On Thursday, August 7th, U.S. stock futures rose, with S&P 500 futures up more than 0.2%. The Euro Stoxx 50 index opened up 0.3%. Asian stock markets strengthened, with the MSCI Asia-Pacific index rising 1%.

In other assets, oil prices ended a five-day decline. The auction of 10-year U.S. Treasuries was unexpectedly weak, with multiple indicators showing poor demand, leading to a rise in the benchmark 10-year U.S. Treasury yield. The dovish new chairman battle continues, with the U.S. dollar declining for five consecutive days. The U.S. has imposed an additional 25% tariff on Indian goods, doubling the total tax rate, causing the Indian stock market to decline for three consecutive days and the rupee to depreciate.

According to CCTV News, Trump plans to impose a 100% tariff on chip products, but companies investing in the U.S. like Apple may receive exemptions. Additionally, three Federal Reserve officials have signaled a potential rate cut, and Trump is expected to nominate a temporary Federal Reserve governor in the coming days. The market anticipates that the Federal Reserve may cut rates, easing sentiment and leading to a rebound in global stock markets.

The following are the movements of core assets:

U.S. stock futures rose, with Nasdaq 100 futures up more than 0.2%.

The Euro Stoxx 50 index opened up 0.3%, Germany's DAX index rose 0.2%, the UK's FTSE 100 index fell 0.2%, and France's CAC 40 index rose 0.3%.

The U.S. dollar index fell more than 0.1%. The euro rose more than 0.1%. The yen rose more than 0.3%, with Japanese civil servant salaries experiencing the largest increase in 34 years. The New Taiwan dollar rose 0.9% against the U.S. dollar.

U.S. Treasury yields were mixed, with the benchmark 10-year U.S. Treasury yield rising by about 1 basis point.

Spot gold rose more than 0.5%, and spot silver rose more than 0.7%.

Both WTI and Brent crude oil rose more than 0.6%.

Morgan Stanley analysts stated that if these tariffs are not implemented immediately, it would be a relief for the market. In other words, the most concerning scenario of sudden tariffs has not occurred for now Sydney investment strategist Billy Leung stated that the policy has not yet officially come into effect, and there has been no formal presidential executive order or legal mechanism introduced, so it is unlikely to disrupt the global major chip supply chain in the short term.