Financial Market Preview - Tuesday 5-Aug

S&P futures are pointing to a flat open today, up +0.1%. Asian markets traded broadly higher today, with the Nikkei and Hang Seng both up +0.6%. European equity markets are also firmer in early trades. Tensions between the U.S. and India have escalated after former President Trump threatened significant tariff hikes on India over its purchase of Russian oil. This follows a 25% tariff imposed by Trump last week. However, both nations remain engaged in dialogue, with talks scheduled for late August. India is reportedly considering increased purchases of U.S. gas, communication equipment, and gold but remains firm on protecting its agricultural and dairy sectors.

Companies Mentioned: STAAR Surgical, Core Scientific