President Trump said that his steel tariffs on China and other countries are rescuing an iconic U.S. industry that was in danger of closing and predicted that the competition U.S. companies will face in the future will mostly be domestic due to his actions.
Asian stock markets mostly slipped lower in early trading Thursday, but pared early losses as the up-and-down action persists.
Japan's Nikkei initially fell as much as 1.5%, fueled in part by gains in the yen, but has recovered to near positive territory. The latest skid in oil prices also weighed in energy stocks.
London shares are set to open flat on Wednesday as worries eased over Turkey's currency crisis.
Asian stock markets started lowed Wednesday, with benchmarks in Taiwan, Hong Kong and China were down about 1%, with tech stocks continuing to sell off.
The Dow industrials added 0.4%, while the S&P 500 gained 0.6%. The technology-heavy Nasdaq Composite rose 0.7%.
A full economic calendar today will provide some distraction from the near-collapse of the Turkish lira, which was somewhat contained overnight, allowing Asian markets to regain some footing. The pound also managed to hold its ground yesterday, despite taking in heavy losses at the end of last week.
Watch for: UK average earnings (April-June), UK unemployment rate (April-June), Q2 EU GDP.