09:04 AM EST, 02/10/2025 (MT Newswires) -- US equity futures rose ahead of Monday's opening bell as traders digested US President Donald Trump's latest trade salvo.

Dow Jones Industrial Average futures rose 0.5%, S&P 500 futures increased 0.6%, and Nasdaq futures were up 0.9%.

Speaking to reporters aboard Air Force One, Trump said Sunday he will impose fresh 25% tariffs on all steel and aluminum imports into the country.

According to the president, the steel and aluminum tariffs, which will be announced Monday, will be followed by "reciprocal tariffs" on Tuesday or Wednesday.

Oil prices were higher, with front-month global benchmarks North Sea Brent crude up 1.2% at $75.52 per barrel and US West Texas Intermediate crude up 1.2% at $71.87 per barrel.

There are no major economic data scheduled for release.

In other world markets, Japan's Nikkei closed 0.04% higher, Hong Kong's Hang Seng ended 1.8% higher, and China's Shanghai Composite finished 0.6% higher. Meanwhile, the UK's FTSE 100 rose 0.8%, Germany's DAX index rose 0.6%, France's CAC 40 rose 0.3% and Spain's IBEX 35 gained 0.3% in Europe's early afternoon session.