Trade Secrets

WTF Dailies August 5, 2025

US stock futures pushed up as Wall Street regained its balance after a tumultuous week and braced for the next wave of corporate earnings.

Sage Kakkat

04 Aug 2025 — 4 min read

US stock futures pushed up as Wall Street regained its balance after a tumultuous week and braced for the next wave of corporate earnings.
Palantir (PLTR) stock rose in after-hours trading after the company's earnings report beat expectations and revealed its revenue had topped $1 billion in a quarter for the first time.
On Monday, stocks sharply rebounded after tanking on Friday in the aftermath of a number of market-shaking events, including a weak jobs report, fresh tariffs, new signs of rising prices, and the firing of the commissioner of the Bureau of Labor Statistics. President Trump continued to amp up pressure on trade Monday, threatening to hike tariffs on India.
Wall Street is now focused on the continuation of earnings season. On Tuesday, AMD (AMD) and Rivian (RIVN) are set to report their results. McDonald's (MCD) and Disney (DIS) earnings land Wednesday. However, another trade blow looms at the end of the week, with Trump's latest iteration of global tariffs set to take effect.
Asian stocks advanced on Tuesday, tracking Wall Street’s strong rebound after soft U.S. jobs data boosted expectations of a Federal Reserve rate cut, while investor sentiment remained cautious amid heightened global trade tensions.
Focus also turned to the Reserve Bank of India’s ongoing policy meeting, with the central bank widely expected to keep interest rates unchanged on Wednesday.
South Korea’s KOSPI index led gains with a 1.6% jump, while Australia’s S&P/ASX 200 also rose over 1%.
Japan’s Nikkei 225 gained 0.6%, while the broader TOPIX index traded 0.7% higher.
China’s Shanghai Composite index rose 0.5%, while the Shanghai Shenzhen CSI 300 edged 0.3% higher.
Bucking the regional trend, Hong Kong’s Hang Seng index edged 0.2% lower on Tuesday.
Elsewhere, Singapore’s Straits Times Index rose 0.5%.
On trade policy fronts, markets continued to wrestle with renewed tariff threats from President Trump. He warned of raising tariffs on Indian imports over Russian oil purchases, adding another layer of uncertainty to markets already facing sweeping trade measures announced last week.
Futures for India’s Nifty 50 edged up 0.2% on Tuesday.
Meanwhile, the Reserve Bank of India’s Monetary Policy Committee convened its three-day meeting on Monday with a decision due on August 6.
Markets expect the central bank to hold its policy rate at 5.50% after a frontloaded 0.5% cut in June. The central bank adopted a neutral stance in June, signaling future rate cuts will hinge on new economic data.
With headline inflation slowing, the RBI has leeway to cut rates again, but robust economic growth in the first quarter and global uncertainties around tariffs could see the central bank holding rates steady. “With real rates still elevated, we continue to expect a 25 bp cut later this year in the fourth quarter,” ING analysts said in a recent note.

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