Global Markets Rise on China's Tariff Assessment
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Wall Street opened higher Friday, boosted by China's assessment of US tariff overtures. Futures for major indices showed gains, extending a winning streak. However, mixed corporate earnings reports dampened optimism; Exxon and Chevron reported lower profits due to weak oil prices, which fell below $60 a barrel. Apple and Amazon also reported results, with both expressing concerns about tariffs. Despite this, the April jobs report showed better-than-expected job growth (177,000 jobs added). Global markets also saw positive movement in Europe and Asia, with Hong Kong's Hang Seng surging 1.7%. Japanese Finance Minister mentioned the country's US Treasury bonds as potential leverage in tariff negotiations.
Wall Street opened higher Friday, boosted by China's assessment of US tariff overtures. Futures for major indices showed gains, extending a winning streak. However, mixed corporate earnings reports dampened optimism; Exxon and Chevron reported lower profits due to weak oil prices, which fell below $60 a barrel. Apple and Amazon also reported results, with both expressing concerns about tariffs. Despite this, the April jobs report showed better-than-expected job growth (177,000 jobs added). Global markets also saw positive movement in Europe and Asia, with Hong Kong's Hang Seng surging 1.7%. Japanese Finance Minister mentioned the country's US Treasury bonds as potential leverage in tariff negotiations.
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