Global Cues Remain Mixed Ahead of Key Tariff Decisions

Globally, investor focus remains glued to upcoming tariff policy announcements from the U.S., with copper and pharmaceutical imports being the next probable targets. Equity markets in Europe and Asia traded mixed today, with some showing modest gains, while others remained flat or marginally negative. Meanwhile, the U.S. dollar strengthened further, particularly against Asian currencies, as investors rotated into safer assets amid growing policy unpredictability.

In the commodity space, copper prices saw heightened speculative movement, driven by fears of heavy U.S. import tariffs that could impact global supply chains. The looming August 1 deadline for the next wave of U.S. trade measures continues to hang over global markets. For India, these developments could have knock-on effects on trade balances, input costs, and FII behavior. With central banks worldwide treading carefully, Indian policymakers will be closely monitoring inflationary pressures and capital flow trends in the days ahead.