London - US stock futures jumped as blue chips from Caterpillar to McDonald’s reported results. Canada’s dollar led export currencies lower as a tariff on lumber reignited concern the Trump administration will pursue protectionist policies.
Futures on the Dow Jones Industrial Average rallied, indicating the underlying index may rise to an all-time high. Caterpillar climbed more than 6% in premarket trading, while McDonald’s added 2%.
Stocks in Europe hovered near a 20-month high and emerging markets climbed, as risk appetite fueled by France’s election continued. The yen fell with Treasuries and gold. The Canadian dollar tumbled after Donald Trump slapped a 24% tariff on imported softwood lumber.