Records Breaking: Stocks Soar High on US-UK and Potential US-China Trade Deals
Escalation in trade disagreement prompts share surge - DAX breaks new peak - Escalating trade disagreements lead to price hikes - DAX poised to reach new records
In a massive boost to global markets, US President Donald Trump announced a trade deal with the UK, sending stocks soaring. Trump and UK Prime Minister Keir Starmer announced this "historic trade deal" on Thursday, also expressing desire to strike deals with the EU and China.
The announcement has stirred optimism among analysts. Kelvin Wong of trading platform Oanda pointed out that this deal could signal improved US-UK economic ties, potentially bolstering both countries' stocks. However, Ipek Ozkardeskaya of Swissquote bank cautions that Trump's remarks may overstate the deal's significance. Future US-China talks over the weekend in Geneva will determine the deal's impact on the market come Monday.
While Asia saw mixed reactions, with stocks rising in Tokyo and Seoul, China's response was muted. The Hang Seng Index in Hong Kong witnessed a slight increase, but indices in Shanghai and Shenzhen fell ever so slightly.
The US-UK trade deal exemplifies a global movement towards more collaborative trade policies. Similar to the trend, the US and China recently reached an agreement following successful negotiations in Geneva. This agreement stipulates tariff adjustments, removal of retaliatory measures, and a timeline for implementation by May 14, 2025. While these deals hold positive implications for global stock markets, it's crucial for investors to remain vigilant and closely monitor the upcoming US-China talks.
- USA
- UK
- China
- Record High
- Trade Deal
- Trade Dispute
- Stocks
- Donald Trump
- Keir Starmer
- Geneva
- EU
- Tariff Adjustments
- Retaliatory Measures
- Implementation Timeline
- Despite the optimism surrounding the US-UK trade deal that has boosted stocks to record highs, investors should remain vigilant as the upcoming talks between the US and China in Geneva will significantly determine the market's direction come Monday.
- Not only has the US and UK announced a historical trade deal, but the US has also reached an agreement with China, a testament to a global movement toward more collaborative trade policies, as represented by tariff adjustments, removal of retaliatory measures, and a timeline for implementation by May 14, 2025.
