Global stocks and the U.S. dollar rose modestly after the U.S. administration announced plans to ease the impact of auto tariffs, providing markets with some relief amid broader trade tensions. The decision supports domestically produced vehicles by reducing duties on imported parts, while avoiding compounding tariffs on foreign-made cars.

Market sentiment improved slightly, though uncertainty lingers as General Motors withdrew its annual forecast despite reporting strong earnings. Other signs of trade-related strain appeared, including Porsche lowering its 2025 outlook and UPS reporting weaker revenue. Meanwhile, investors await key U.S. economic data this week, including GDP and jobs figures.

European markets edged higher, with earnings in focus, while Asian trading was subdued due to Japanese holidays. Overall, optimism was cautious, as trade policy uncertainty and concerns over a potential recession continue to weigh on global markets.