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As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the defense contractors industry, including Leonardo DRS (NASDAQ:DRS) and its peers.

Candice Li says that after Washington raised tariffs on Chinese goods by 145%, U.S. orders for the medical devices her firm is making have vanished. Li was at her firm's booth at the Canton Fair, China's biggest trade expo held twice-a-year in the southern city of Guangzhou, where more than 30,000 exhibitors showcase their products over an area larger than 200 football fields. This was the first such fair China has held since U.S. President Donald Trump slapped tariffs in excess of 100% on China and of at least 10% on the rest of the world earlier this month.

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergHow Did This Suburb Figure Out Mass Transit?The Secret Formula for Faster TrainsEven Oslo Has an Air Quality ProblemNYC Tourist Helicopter Crashes in Hudson River, Killing SixLisbon Mayor Wants Companies to Help Fix City’s Housing ShortageIndian stocks rallied as trading resumed after a long weekend, with the benchmark e

(Bloomberg) -- Stocks in Europe and Asia rose as US President Donald Trump floated a potential pause in auto tariffs, providing further relief to the market after he suspended levies on some consumer electronics.Most Read from BloombergHow Did This Suburb Figure Out Mass Transit?The Secret Formula for Faster TrainsEven Oslo Has an Air Quality ProblemNYC Tourist Helicopter Crashes in Hudson River, Killing SixLisbon Mayor Wants Companies to Help Fix City’s Housing ShortageEurope’s Stoxx 600 index

Respondents to BofA's monthly survey of fund managers were a net 36% underweight U.S. equities, the most in nearly two years, a number that has plunged by 53 percentage points since February, the biggest such fall on their records. The trend looks set to continue, as a record number of respondents also said they intended to cut allocations to U.S. equities. U.S. President Donald Trump's aggressive tariff plans have sparked a selloff in U.S. assets, including stocks, the dollar and Treasury bonds.

European markets are set to open higher, and the euro maintains its strength against the US dollar after US President Donald Trump hinted at potential auto tariff relief.View on euronews

U.S. stocks are rising Tuesday in a rare quiet day for financial markets, for now at least. The S&P 500 was up 0.3% in afternoon trading, though it’s been prone to huge swings not just day to day but also hour to hour. The day before, it went from a gain of 1.8% to a slight loss back to a gain as it struggled to keep up with shifts in President Donald Trump’s trade war, which economists warn could cause a global recession unless it’s scaled back.