CNBC Daily Open: Robots rising, tariff turnaround and yield nerves
Chinese robot maker Unitree rises around 500% on its debut day of trade amid continued geopolitical tensions and a bond market rout, keeping stock markets in check.
TL;DR
- Unitree Robotics made a blockbuster stock market debut, with shares trading 484% higher.
- U.S. President Donald Trump paused 50% tariffs against certain Canadian imports, citing a deal.
- Global bond yields are holding near multi-decade highs, putting downward pressure on stock markets.
- Russian government officials state the economy is strong despite foreign pressure.
- Former Russian chief economist Andrei Klepach was reportedly dismissed after warning of a prolonged war and social crisis.