Equity futures pointed to gains in Europe and the US as optimism over more artificial intelligence spending under Donald Trump offset uncertainties over looming tariffs.

Contracts for the Euro Stoxx 50 climbed 0.2%, while those for the S&P 500 rose 0.3%. The gains followed a rally in Asian tech shares in the wake of Trump’s plan for an investment push in the AI sector. Chinese shares fell after the US president said he was still considering a 10% tariff on all goods from the country.

US 10-year Treasury yields were steady after falling five basis points in the previous session. The dollar strengthened against every Group-of-10 peer, while the onshore and offshore versions of the Chinese yuan were among the worst performers in Asia’s currency market.