Financial Market Preview - Friday 14-Mar

US equity futures are slightly higher. European markets opened modestly firmer, tracking strong gains in Asian equities, particularly in Greater China. Markets remain cautious after Thursday's selloff driven by ongoing trade tensions and growth concerns. President Trump confirmed overnight that 25% tariffs on steel and aluminum imports have officially taken effect, prompting immediate retaliatory measures from Canada, Mexico, and the EU. However, markets saw some relief after Commerce Secretary Lutnick indicated productive talks with Canadian officials. Meanwhile, fears of a US government shutdown receded. On the geopolitical front, Russian President Putin expressed preliminary support for Ukraine's ceasefire proposal, though key conditions remain unresolved.Companies mentioned: Tesla, Baidu, Apple, Shein