| Here’s what my colleague, market strategist Mike “Willo” Wilson says happened while we were sleeping… Apple Inc. led US stocks higher, spurring what some call “animal spirits” among investors. In the tariff space, US President Donald Trump imposed an additional 25% tariff on Indian goods over its purchases of Russian energy, while the Swiss were yet to strike a deal, weighing on the franc. The dollar ended lower against all major peers, helping Aussie and kiwi post solid gains. Australian trade data and New Zealand two-year ahead inflation expectations are due today. Stock futures indicate a soft open for Australian equities. Emboldened by military successes and Trump's backing, Israel Prime Minister Benjamin Netanyahu shows no signs of letting up in the face of increased international pressure. As international condemnation intensifies — arms embargoes, arrest warrants, cultural boycotts — Israel is not merely defying the pressure, it is redefining itself. US President Donald Trump will apply an additional 25% tariff on Indian goods over its ongoing purchases of Russian energy. Meanwhile, he said he would impose a 100% tariff on imports that include semiconductors, though would exempt companies moving production back to the United States. Trump also indicated he would likely nominate a temporary Federal Reserve governor to fill the soon-to-be vacant seat on the central bank’s board within the coming days, rather than use the seat to signal his choice to replace Jerome Powell as chairman. The US has entered talks with the Cook Islands to develop seabed mineral resources, just months after the South Pacific nation formalized cooperation pacts with China that included exploration for undersea deposits. | 
