Market

US Markets Surge as Trump Unveils Comprehensive US-UK Trade Deal, Fed Holds Rates Steady

US-UK Trade Deal Sparks Market Rally

Following President Donald Trump's announcement of a new trade deal between the United States and Britain, US stock market indices opened higher on Thursday. Trump hailed the agreement as "full and comprehensive," promising to strengthen the bilateral relationship.

Federal Reserve Maintains Key Interest Rate

In related financial news, the Federal Reserve decided to keep its key interest rate unchanged during its latest meeting, adding to the positive market sentiment.

Market Highlights

The Dow Jones Industrial Average rose by 0.51%, with Walt Disney Co. leading the charge with a 2.63% increase. The Nasdaq 100 and S&P also saw significant gains, thanks to strong performances from companies like Axon Enterprise and EPAM Systems Inc.

Meanwhile, the euro remained stable against the dollar, trading at $1.13077.