Energy Markets
Dollar and stocks are set to rise weekly on Trump's tariff reversal
The dollar rose for the first time in over a month on Friday, as investors welcomed the apparent softening of White House's stance towards China despite the lack of any detente. Alphabet, the parent company of Google, also beat expectations for profit and reaffirmed AI expenditure targets. This pushed its shares up by nearly 5% after-hours and pulled along with peers and S&P futures which rose by 0.5%. Wall Street investors shrugged off mixed corporate results overnight and the S&P 500 was up 2%. The dollar has been weakened by a series of volatile events, including tariff announcements and reversals,...