Energy Markets
Dollar, US stocks, and US yields all drop after Trump threatens an increase in tariffs on China
The S&P 500, Nasdaq, and Treasury yields all fell on Friday, as the U.S. Dollar weakened. This was after Donald Trump announced that he would consider a "massive" increase in tariffs against Chinese goods. The Dow Jones semiconductor index fell 5.4%, and shares of technology companies were amongst the worst performers on Wall Street. U.S. listed shares of Chinese companies also fell. Alibaba Group Holding fell 9%, and JD.com Inc. declined 7.2%. Oil prices dropped by more than $2 per barrel after Trump's threats cast a shadow on the demand outlook. Gold also rose above $4,000 per ounce for the...