Energy Markets
Stocks surge in relief rally following Trump's pause on tariffs
On Thursday, global shares surged after U.S. president Donald Trump announced he would temporarily reduce the heavy duties he just imposed on several countries. The sharp overnight rally of U.S. shares and the dollar has lost momentum as the trade war between China and the United States intensifies. Investors are also confused by the Trump administration’s reversal on tariff plans. After a market crash that wiped trillions from global stocks, and sent U.S. Treasury Bonds and the dollar tumbling, Trump announced on Wednesday a 90-day suspension of many of his new duties in an unexpected reversal. This pushed European Futures...