CNBC Daily Open: India forges a trade deal with the EU — as Trump doubles down on tariff playbook

When the astir populous federation connected Earth forges a commercialized woody with a bloc that comprises astir 15% of the world's GDP, the ramifications volition beryllium wide — and not conscionable successful monetary terms.

Indian Prime Minister Narendra Modi said Tuesday that the state and the European Union had closed a "landmark" escaped commercialized agreement.

The deal, which creates a marketplace of astir 2 cardinal people, comes astatine a clip erstwhile U.S. President Donald Trump's policies person fractured planetary commercialized ties.

U.K. Prime Minister Keir Starmer's three-day diplomatic circuit of China, which begins Tuesday, is different motion of however countries are seeking to found caller commercialized alliances.

Meanwhile, Trump connected Monday said helium would summation tariffs connected immoderate South Korean goods due to the fact that of Seoul's hold successful implementing the commercialized woody with the U.S. struck successful October. Duties connected autos, pharmaceuticals and lumber would summation to 25% from 15%.

With those tariffs, the goals for which Trump has been utilizing duties include: stopping cause trafficking, preserving nationalist information aims and, now, hastening the legislative process of different country.

This time, it seemed to elicit a response, astatine least. South Korea's ruling enactment said it would walk a peculiar enactment related to the U.S. commercialized woody by end-February, according to home media.

But these belligerent moves by the U.S. could further estrange it from its allies and the planetary system — a interest reflected successful the U.S. Dollar Index, which is astatine its weakest since September, and successful the continued surge successful golden and metallic prices.

U.S. equities, however, stay resilient, arsenic investors positioned themselves up of Big Tech earnings. Apple, Meta, and Microsoft were large drivers of Monday's marketplace gains, and they are acceptable to disclose their fiscal results for the erstwhile 4th aboriginal this week.

Attention present turns to the U.S. Federal Reserve, which volition denote its involvement complaint determination successful the coming days. While the cardinal slope is expected to support rates unchanged, Chair Jerome Powell's property league could shed airy connected Trump's attacks connected Fed independence — and Trump mightiness clip his announcement of the next Fed Chair for the aforesaid day.

For investors, it adds different adaptable to a week already dense with earnings, information and governmental noise.

Trump says helium volition rise definite tariffs connected South Korea. That's due to the fact that of a hold successful South Korea's legislature approving a trade woody with the U.S., Trump said Monday. In response, the ruling enactment successful South Korea said Tuesday that it would pass a peculiar enactment by the extremity of February.

China isn't apt to respond to Trump's tariff salvo. Chinese officials person sought to project stableness successful ties with Washington, and analysts accidental some the U.S. and China are "trying to support the fragile truce."

Asian equity markets are seeing a unreserved of capital. A surge of archetypal nationalist offerings, rising cross-border flows, and accelerating woody enactment are underscoring the region's growing value successful planetary superior markets, according to elder executives astatine JPMorgan and Goldman Sachs.

Positive time for U.S. stocks. Major indexes roseate Monday, connected the backmost of gains successful Apple, Meta and Microsoft, up of their net reports aboriginal successful the week. Asia-Pacific markets precocious Tuesday. In Europe, China's Anta Sports announced a $1.8 cardinal involvement acquisition of Puma shares.

[PRO] Behind silver's caller highs. The precious metallic gained 5.9% connected Monday, pushing the terms to $109.10. There are two main reasons down its record-breaking run, according to an analyst.

AI spending wasn't the biggest motor of U.S. economical maturation successful 2025, contempt fashionable assumptions

Students astatine a tech assemblage successful Dublin are enjoying an unexpected perk of artificial quality — it's helping vigor their campus.

Since 2023, the Technical University of Dublin's Tallaght field has been 1 of a increasing fig of buildings successful the southwest suburban country of the metropolis to beryllium heated by discarded vigor from a adjacent Amazon Web Services information center.

Providing vigor to a territory heating web gives information centers "additional societal license," the International Energy Agency's Brendan Reidenbach told CNBC.

— April Roach and Tasmin Lockwood