Wall Street posted modest gains as investors await clarity on the scale of tariffs affecting all U.S. imports. In corporate news, Tesla rebounded from steep losses following reports that Elon Musk plans to step down as a Trump advisor, while Amazon shares rose after a bid to acquire TikTok. Across the Atlantic, European markets retreated, with industrials and automakers leading the declines. Meanwhile, in commodities, oil gained nearly 1% as sanctions remained in focus, while gold and iron ore also saw gains. Looking ahead, Aussie shares are set for a flat open as investors await the RBA's financial stability review.
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