Trade Secrets

WTF Dailies August 8, 2025

U.S. stock futures pointed higher on Wednesday after equities slipped in the prior session, as investors assess emerging signs of the impact of sweeping U.S. tariffs on corporate earnings and the wider economy.

Sage Kakkat

08 Aug 2025 — 4 min read

U.S. stock futures pointed higher on Wednesday after equities slipped in the prior session, as investors assess emerging signs of the impact of sweeping U.S. tariffs on corporate earnings and the wider economy.
US stock futures edged higher on Friday as Wall Street assessed President Trump's nomination of Stephen Miran to the Federal Reserve Board of Governors and the close of the first day under his sweeping new tariffs.
Stocks traded mixed during the day on Thursday as investors assessed a reshaped trade landscape after Trump's deadline for countries to strike deals on tariffs expired, setting in motion higher duties on dozens of countries worldwide. The indexes trimmed earlier losses following Trump's nomination of Stephen Miran, current chairman of the Council of Economic Advisors, to serve on the Fed board. Miran's nomination must pass Senate approval, but its unclear how long that might take with lawmakers on August recess. Trump's decision on Miran also underscored his search for the next Fed chair.
Asia-Pacific markets ended the day mostly lower on Friday.
Hong Kong’s Hang Seng Index declined 0.89% to close at 24,858.82, while mainland China’s CSI 300 index decreased by 0.24% to 4,104.97.
Japan’s Nikkei 225 benchmark ended the day 1.85% higher at 41,820.48, while the broader Topix index added 1.21% to 3,024.21.
Meanwhile, South Korea’s Kospi index retreated 0.55% to close at 3,210.01, while the small-cap Kosdaq moved up 0.43% to 809.27.
Australia’s S&P/ASX 200 benchmark fell 0.28% to end the day at 8,807.10.
Over in India, the benchmark Nifty 50 was down 0.64%, while the BSE Sensex index lost 0.65%

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This daily briefing is curated from a wide range of reputable sources including news wires, research desks, and financial data providers. The insights presented here are a synthesis of key developments across global markets, intended to inform and spark thought.

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