Stock futures rose early Monday, as investors braced for a data-packed week ahead and eyed news that President Donald Trump may announce a new round of tariffs. Futures tied to the Dow Jones Industrial Average gained 191 points, or 0.4%. S&P 500 futures ticked up 0.4%, while Nasdaq-100 futures advanced nearly 0.7%. Trump told reporters on Sunday that he’s planning to announce a blanket 25% tariff on all steel and aluminum imports on Monday. Trump did not specify when the tariffs would be imposed and noted that he would also issue retaliatory tariffs on countries that tax U.S. imports. The news comes as Trump’s previously announced duties on China are set to go into effect at midnight on Sunday. Steel and aluminum stocks popped in the premarket. U.S. Steel and Nucor were both up 8%, while Cleveland-Cliffs climbed 9%. Alcoa traded 4% higher. The threat of more tariffs comes ahead of a slew of economic data this week. The January consumer price index report is due out Wednesday at 8:30 a.m. ET, followed by initial weekly jobless claims and the producer price index on Thursday. Federal Reserve Chair Jerome Powell will also speak before Congress on Monday morning. “Steep tariffs and heightened policy uncertainty could push businesses to increasingly adopt wait-and-see behaviors and pull back on hiring,” said Lydia Boussour, senior economist at EY-Parthenon. “This could lead to a more severe job slowdown, weaker income and restrained consumer spending amidst much higher inflation.” The market remains jittery on a mix of inflation worry coupled with concern over how Trump’s plan for tariffs could adversely affect the U.S. economy. Investors will also look toward more major corporate earnings out this week, including Coca-Cola, Unilever and Applovin. McDonald’s on Monday reported disappointing quarterly revenue, but still saw its shares jump roughly 2.5% before the bell. U.S. Treasury yields were flat on Monday as investors looked ahead to several key economic data points this week and braced themselves for new tariff announcements. The 10-year Treasury yield was up less than 1 basis point at 4.493%, while the 2-year Treasury yield was up less than a basis point at 4.285%. Asia-Pacific markets were mixed Monday as escalating trade tensions kept investors on edge. Over in Japan, the benchmark Nikkei 225 ended the day flat at 38,801.17, while the broader Topix index edged down 0.15% to close at 2,733.01. South Korea’s Kospi closed flat at 2,521.27, while the small-cap Kosdaq advanced 0.91% to 749.67. Mainland China’s CSI 300 Index changed course from losses earlier in the day to close up 0.21% at 3,901.06, while Hong Kong’s Hang Seng index had climbed 1.76% in the last hour of trade. Singapore’s benchmark Straits Times Index hit an all-time high of 3,910.12 points, LSEG data showed, led by gains in the shares of telecommunications operator Singapore Telecommunications and well as local banks DBS Group Holdings, Oversea-Chinese Banking Corporation and United Overseas Bank. The STI benchmark was trading up 0.53% in its last hour of trade. Australia’s S&P/ASX 200 ended the day 0.34% lower at 8,482.80. Oil prices ticked higher on Monday, rebounding after declines last week on concerns about a global trade war, as investors appeared to shrug off U.S. President Donald Trump’s latest threat, this time on steel and aluminium imports. Brent crude futures was up 74 cents, or 1%, to $75.40 a barrel, while U.S. West Texas Intermediate crude also climbed 1%, or 72 cents, at $71.72 a barrel. The market posted its third consecutive weekly decline last week on concerns about a global trade war. Gold climbed more than 1% on Monday, as U.S. President Donald Trump’s latest tariff plans heightened fears of a global trade war, fueling demand for the safe-haven metal and pushing bullion prices to record highs. Spot gold was up 1.2% at $2,895.38 per ounce, as of 0758 GMT. Earlier in the session, bullion hit an all-time high of $2,896.35, marking its seventh record this year. U.S. gold futures also climbed 1.2% to $2,920.8.