Global stock markets rose on Tuesday, driven by gains in technology shares as investors anticipated second-quarter earnings reports from major firms such as Alphabet and Intel. The tech-heavy Nasdaq futures increased by 1.3%, while chipmakers Micron Technology and Marvell saw gains of approximately 6% in premarket trading. Market analysts noted that these results are expected to serve as a performance indicator for the artificial intelligence sector, which has faced valuation concerns in recent weeks.
Energy markets remained volatile following military exchanges between the U.S. and Iran and threats of a naval blockade on Saudi Arabia by Houthi forces. Brent crude futures traded near $90.86 per barrel, just below a one-month high. While tensions persisted, reports of a potential 10-day ceasefire proposal from mediators provided some restraint on oil price increases.
In trade policy, the U.S. administration under President Donald Trump implemented 50% tariffs on approximately $20 billion worth of Canadian imports. Reports also indicated the administration is considering additional duties on other nations. In currency markets, the U.S. dollar maintained a one-week high, the Japanese yen remained near 40-year lows, and the British pound declined as investors awaited fiscal details from the UK's new finance minister, John Healey.