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6h ago

Global Markets Surge Following US-UK Trade Framework and Optimism on US-China Talks

President Trump announces first trade deal since April tariffs, predicts stock market rally, and anticipates progress in upcoming US-China negotiations.

U.S. dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzalez/Illustration/File Photo
Trader Drew Cohen works on the floor of the New York Stock Exchange, Thursday, May 8, 2025. (AP Photo/Richard Drew)
Trader Patrick Casey, center, works on the floor of the New York Stock Exchange, Thursday, May 8, 2025. (AP Photo/Richard Drew)
Trader Michael Capolino works on the floor of the New York Stock Exchange, Thursday, May 8, 2025. (AP Photo/Richard Drew)

Overview

  • US markets rallied over 1%, with Wall Street benchmarks gaining as the US-UK trade framework signals potential tariff easing.
  • Bitcoin prices soared past $100,000, reflecting heightened investor risk appetite alongside equity market gains.
  • The ASX 200 index in Australia edged up 0.2%, and ASX futures indicate a flat to slightly positive open.
  • President Trump urged investors to buy stocks, forecasting a significant market upswing and expressing optimism about upcoming US-China trade talks in Switzerland.
  • The US-UK trade framework is the first deal since reciprocal tariffs were imposed in April, viewed as a precursor to broader global trade negotiations.