Stocks boosted by energy as oil rises ahead of Big Tech earnings test

Global stocks rose as energy shares outperformed on a crude oil spike, with Brent reaching a six-week high at $94.22 a barrel after renewed Red Sea shipping disruption and Houthis’ attack threats. The move lifted European markets, while U.S. futures weakened ahead of major Big Tech earnings from Alphabet and Tesla, highlighting a split between cyclical energy strength and tech caution. The article also notes continued uncertainty from U.S. trade policy, including fresh tariffs, and growing attention on central banks as the ECB and Fed approach policy decisions. The yen rebounded slightly from 40-year lows amid official warnings, while gold rallied and Treasury yields held near recent highs. Overall, the market tone is mixed: energy and defensive assets are benefiting from geopolitical and policy risks, while technology and broad equity futures face near-term pressure.