Global Markets See Turbulent Week with Trade Tensions and Economic Uncertainty

U.S. stocks rally on Friday but fail to offset sharp weekly losses as trade policies and economic data weigh heavily on investor sentiment.

U.S. stocks experienced their best single-day rally in months on Friday, with the S&P 500 climbing 2.1%, but still ended the week with a fourth consecutive loss, marking the longest losing streak since August.
President Trump's escalating trade war, including threats of steep tariffs on European goods, continues to drive market volatility and investor uncertainty.
Gold surged past $3,000 an ounce for the first time, reflecting increased safe-haven demand as consumer confidence in the U.S. hit a two-and-a-half-year low.
Germany's Chancellor-in-waiting Friedrich Merz secured support for a significant fiscal package aimed at boosting European growth, offering a rare positive development for global markets.
The U.S. Senate moved closer to passing a stopgap spending bill to avoid a government shutdown, slightly easing concerns about further economic disruptions.