What exactly changed in the US-India trade deal?

The confirmed change is a tariff cut to 18% on selected Indian goods, easing prior duties. The suggested shift away from Russian oil imports is not confirmed by India. Investors should wait for published lists, timelines, and any procurement documents before repositioning.

How could this affect German investors today?

If tariffs fall, German suppliers into India’s value chains may see better orders and margins. If oil flows shift, energy benchmarks and spreads could rise, helping producers but pressuring energy-intensive users. Watch European refiners, transport, and chemical names for initial price reactions.

What are key market levels for the S&P 500?

Latest data show ^GSPC near 6,939.02, with a recent range of 6,893.48 to 6,964.09 and a year high at 7,002.28. Bollinger markers cluster around 6,866 and 6,980. A sustained move above 6,980 could invite a test of 7,002, while dips toward 6,866 may find support.

Which indicators best confirm follow-through on the news?

Look for shipping fixtures to India, refinery tenders, and US export spreads, plus official readouts clarifying the Modi Trump call. In markets, confirm with rising energy equities on volume, firmer crack spreads, and a widening Brent-WTI. Avoid acting on headlines without these confirmations.

Law and Government

^GSPC Today: February 3 – US-India Oil Shift Talk, Tariff Cut to 18%

ByHuzaifa Zahoor February 3, 2026February 3, 2026

The US-India trade deal is in focus after President Trump announced India would phase out Russian oil and buy more from the US, while tariffs on Indian goods fall to 18%. Prime Minister Modi confirmed the tariff cut, but not the oil pledge. For German investors, this mix of trade relief and energy re-routing could sway risk sentiment. We track how it may feed into energy prices, trade-sensitive stocks, and the first moves in ^GSPC and related sectors today.