US Stock Market Live Updates: Dow futures down 100 points; Mining firms take FTSE to record high
Published on 10/07/2025 03:01 PM
South Korea’s central bank held its policy rate at 2.5%, keeping it steady at an almost three-year low.
South Korea’s economy contracted by 0.2% quarter-on-quarter in the first three months of this year due to weak construction activity and softening export growth, while it remained flat on an year on year basis.
A delegation from India is expected to visit the US soon for trade talks, according to a Reuters report. India is among the few countries that are still negotiating a trade deal with Washington, as President Donald Trump ramps up his trade war with the threat of sharply higher tariffs from August 1.
Investors are awaiting more developments on the economic front, as jobless claims data for the week ending July 5 is due out Thursday morning. Economists polled by Dow Jones are expecting an increase of 2,000 to 235,000 from the previous week.
European market sentiment is bright on Thursday morning, with the regional Stoxx 600 index up 0.5% and most sectors in the green.
It comes as investors digest a slew of US tariff updates — though not yet one for the European Union, as negotiators scramble to strike a framework trade agreement.
Mining stocks are leading gains on the Stoxx 600, with the sector up 3.4%, lifting the UK’s FTSE 100 above a record intraday high set in March.
US President Donald Trump said Wednesday that the 50% tariff on copper imports, which he had announced the previous day, will take effect on August 1.
The decision was made after he received a national security assessment, Trump said in a post on Truth Social. “I am announcing a 50% TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT,” Trump wrote.
Futures on Wall Street slipped early Thursday. The Dow futures are down 107 points, whereas the S&P 500 and Nasdaq futures are down 0.25% and 0.29%, respectively in trading.
US stock futures were relatively unchanged on Wednesday evening. S&P 500 futures hovered around the flatline just after 6 pm ET, as did Nasdaq 100 futures. Futures tied to the Dow Jones Industrial Average were likewise flat.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.