Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
US Stock Futures Recover as Iran Signals Progress in Peace Talks 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
German Industry Employment Falls to Lowest Level in a Decade 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Wall Street closed higher on Friday, lifted by technology shares, as optimism over a potential easing of U.S.-China trade tensions buoyed markets. Alphabet (NASDAQ:GOOGL) surged 1.7% after surpassing earnings expectations and reaffirming its AI investment plans, helping push the S&P 500 technology, consumer discretionary, and communication services sectors up more than 1% each.
Investors are closely watching corporate earnings calls, cautious of any reduced forecasts amid ongoing uncertainty over President Donald Trump's tariff strategies. Trump claimed in a Time magazine interview that trade talks with China were progressing, though Beijing denied any negotiations, adding to the mixed signals over the global trade outlook. Tariffs imposed since April 2 had raised fears of slowed economic growth.
The Dow Jones Industrial Average gained 20.10 points (0.05%) to 40,113.50, the S&P 500 rose 40.44 points (0.74%) to 5,525.21, and the Nasdaq Composite climbed 216.90 points (1.26%) to 17,382.94. Globally, MSCI’s stock index advanced 0.60%, while Europe’s STOXX 600 added 0.35%. Japan’s Nikkei jumped 1.8%, fully recovering from tariff-related losses.
The dollar logged its first weekly gain since March, rising 0.07% against a currency basket. It strengthened 0.67% against the yen to 143.555, while the euro edged down 0.11% to $1.1377. Gold prices dropped 1.7% to $3,292.99 an ounce, despite the dollar’s recovery.
U.S. Treasury yields slipped, with the benchmark 10-year note yield falling to 4.268%, reflecting hopes for a Federal Reserve rate cut. Oil prices edged higher but posted weekly losses, with Brent closing at $66.87 and WTI at $63.02 per barrel.
