Global Markets Under Pressure from Trump's Tariff Plan and Iran Tensions

Tariff Uncertainty and Market Reactions The U.S.
Supreme Court's ruling that "emergency" tariffs implemented during Donald Trump's presidency were unlawful has deepened uncertainty regarding trade policies.
Despite the court's decision, Trump's plan to introduce a gradual global customs duty of 10% to 15% based on the 1974 Trade Act is weakening market predictability.
Following these developments, U.S.
index futures began the week under selling pressure.
In contrast, stock exchanges in South Korea and Hong Kong diverged positively on the possibility of lower customs duties.
Geopolitical Tensions and the Iran Agenda Another critical focus for markets is the diplomatic process between the United States and Iran.
It is anticipated that global risk appetite could decrease if no concrete results emerge from the meetings scheduled between delegations from both countries this week.
While signals of a potential limited military intervention by Trump against Iran keep the geopolitical risk premium high, the price of Brent crude oil fell by 1% to $70.4 per barrel ahead of the critical talks.
Technology Sector and Fed Expectations Artificial intelligence-focused growth strategies continue to support markets.
New collaborations between Meta, Oracle, and Nvidia have drawn attention, with investors focusing on Nvidia's financial results to be announced on Wednesday.
On the macroeconomic front, the annual core Personal Consumption Expenditures (PCE) price index in the U.S.
exceeded expectations at 3%, leading the Federal Reserve to postpone its interest rate cut schedule.
While the probability of a rate cut in June has weakened, expectations have shifted toward July.
In Europe, investors are focused on upcoming statements from European Central Bank (ECB) President Christine Lagarde amid concerns over a potential trade war.