Global Stocks Fall on US-China Trade Tensions, Russia-Ukraine Crisis

U.S. stock futures opened lower amid escalating trade tensions between the U.S. and China, as well as rising geopolitical risks including the Russia-Ukraine conflict. Major indexes like the S&P 500, Dow Jones, and Nasdaq futures declined, reflecting investor caution following a strong rally in May. China responded to U.S. accusations over trade truce violations by asserting it upheld agreements, while President Trump announced plans to double tariffs on steel and aluminum imports to 50%, impacting related sectors like steelmakers and automakers. Asian and European markets also suffered declines, with significant drops in Japan, Hong Kong, and India, driven by concerns over trade restrictions, weakening currencies, and economic uncertainty. Federal Reserve officials indicated that interest rate cuts this year remain possible if trade tensions ease and inflation trends continue favorably, with several key economic reports and Fed speeches expected this week. Meanwhile, oil prices rose amid geopolitical tensions, and investors are closely watching central bank policies and global trade developments for further market direction.