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(Bloomberg) -- Stocks posted modest gains as traders tackled a deluge of European earnings while they awaited progress in trade negotiations and a series of updates on the US economy.Most Read from BloombergNew York City Transit System Chips Away at Subway Fare EvasionNYC’s Congestion Toll Raised $159 Million in the First QuarterNewsom Says California Is Now the World’s Fourth-Biggest EconomyThe Last Thing US Transit Agencies Should Do NowAt Bryn Mawr, a Monumental Plaza Traces the Steps of Blac

The White House has confirmed President Trump’s plan to reduce tariffs on auto parts for cars made in America, just days before the exemption on 25% import levies expires. Global markets continue their week-long winning streak, with major European indices opening higher.View on euronews

The dollar has plunged to its lowest level in years recently, but that could be a boon for US corporate earnings, Morgan Stanley's Mike Wilson said.

MUMBAI (Reuters) -China will not dump its goods in other countries due to its trade and tariff war with the U.S., Beijing's ambassador to India, Xu Feihong, wrote in an article on Tuesday, trying to allay fears of cheap Chinese goods flooding other markets. In tit-for-tat tariffs between the world's two biggest economies, China and the U.S. have hiked levies on each other's goods to over 100% since U.S. President Donald Trump took office in January, rattling global markets. The trade war has stoked fears that Chinese firms may divert goods to other markets, hitting competitiveness of exports from other countries.

(Reuters) -Foreign investors extended their longest buying spree since July 2023 on Monday, fuelled by U.S. trade deal hopes, cheap corporate valuations, and India's relative resilience to global tensions, helping markets shrug off concerns over India-Pakistan frictions. The main reason for FPIs coming back into Indian markets is that the U.S. and China are more vulnerable to a global trade war than India, which is projected to still remain the fastest growing large economy in fiscal year 2026, said G Chokkalingam, founder and head of research at Equinomics Research. Markets have also shrugged off fears of an escalation in tensions between India and Pakistan after a deadly militant attack in Kashmir last week, which initially sapped risk sentiment.

U.S. stocks are drifting in mixed trading Tuesday as stronger-than-expected profits keep piling higher for companies, while CEOs also say they’re unsure how long that can last because of uncertainty around President Donald Trump’s trade war. The S&P 500 was 0.3% higher in midday trading, coming off a five-day winning streak. Because it's the world’s largest package delivery company, UPS can offer a window into how the global economy is doing.

Nvidia shares fell on Monday to snap a four-day winning streak following news that China's Huawei Technologies is developing a rival AI chip. Monitor these key chart levels.