Global Markets on the Rise

Asian and European markets experienced an upward trend on Thursday, fueled by optimism surrounding the upcoming tariff discussions between China and the United States. London's FTSE was particularly buoyed by reports of a significant trade deal involving the UK.

Trade Talks Spark Hope

The announcement of talks between Chinese and US officials this weekend has reignited hopes for a reduction in trade tensions. This comes after a period of relative calm in the markets, following the initial shock of proposed tariffs.

UK Trade Deal in Focus

Speculation around a major trade deal with the UK, as hinted by Donald Trump, has added to the positive market sentiment. The pound saw a brief spike, reflecting the market's reaction to the news.

Market Reactions Worldwide

While London, Tokyo, Hong Kong, and other major markets posted gains, some regions like Singapore and Manila saw declines. The mixed reactions highlight the ongoing uncertainty in global trade dynamics.

Federal Reserve's Cautious Stance

Amidst the trade developments, the Federal Reserve has maintained its current interest rates, citing increased economic uncertainty. Fed Chair Jerome Powell warned of potential inflationary effects from sustained tariff increases.