FX.co ★ US Futures Lack Direction

On Tuesday, U.S. stock futures remained relatively steady, taking a breather after the gains seen in the prior session. Investors are currently assessing ongoing developments regarding international trade. President Trump recently announced that not all of the tariffs planned for implementation on April 2 would be put into effect, suggesting that certain countries might be granted exemptions. He also indicated new tariffs could be introduced on automobiles and pharmaceuticals, while proposing a 25% duty on nations purchasing crude oil from Venezuela.

In other economic news, Atlanta Federal Reserve President Raphael Bostic projected a single 25 basis point interest rate cut within the year, attributing this to what he described as "very bumpy" inflation. This contrasts with last week's Federal Reserve indication of two quarter-point reductions expected for 2025.

On the corporate front, shares of Tesla advanced approximately 1% in premarket activity, despite the company experiencing a 47% year-over-year decline in sales within the European Union during February. Performance among other large-cap stocks was mixed; Apple and Amazon traded flat, while Microsoft saw a slight uptick of 0.1%, Meta advanced by 0.6%, and Alphabet increased by 0.4%. Conversely, Nvidia's shares declined by around 0.5%.