Major stock markets largely steadied and the dollar rose Friday awaiting key US jobs data in the face of uncertainty over the impact of President Donald Trump’s tariffs on the economy.

Ahead of the employment figures due before Wall Street’s reopening, optimism from “very positive” talks Thursday between Trump and Chinese counterpart Xi Jinping was wiped out by the stunning public row between the US leader and Elon Musk.

The much-anticipated discussions between the heads of the world’s biggest economies fuelled hopes for an easing of tensions following Trump’s “Liberation Day” global tariff blitz that targeted Beijing particularly hard.

However, investors remained wary after an extraordinary social media row between Trump and billionaire former aide Musk that saw the two trade insults a

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