The Prague Post - Stocks rise as Trump signals US-UK 'trade deal'

EUR -
AED 4.147496
AFN 80.740648
ALL 97.79131
AMD 439.573364
ANG 2.035141
AOA 1033.215877
ARS 1292.959411
AUD 1.759971
AWG 2.035378
AZN 1.919313
BAM 1.942976
BBD 2.279904
BDT 137.193608
BGN 1.954455
BHD 0.425653
BIF 3312.499647
BMD 1.129197
BND 1.457887
BOB 7.803086
BRL 6.489383
BSD 1.129222
BTN 95.655012
BWP 15.311096
BYN 3.695388
BYR 22132.262854
BZD 2.26818
CAD 1.565818
CDF 3246.441141
CHF 0.932863
CLF 0.027854
CLP 1068.897578
CNY 8.158844
CNH 8.170543
COP 4854.305346
CRC 571.466171
CUC 1.129197
CUP 29.923723
CVE 109.98456
CZK 24.903313
DJF 200.681202
DKK 7.460334
DOP 66.509243
DZD 150.009386
EGP 57.227618
ERN 16.937956
ETB 149.788208
FJD 2.559495
FKP 0.846123
GBP 0.850528
GEL 3.110918
GGP 0.846123
GHS 15.074397
GIP 0.846123
GMD 80.728678
GNF 9773.768555
GTQ 8.68766
GYD 236.238563
HKD 8.772789
HNL 29.249006
HRK 7.532768
HTG 147.585709
HUF 405.041848
IDR 18649.028608
ILS 4.043965
IMP 0.846123
INR 96.438794
IQD 1479.248181
IRR 47553.312447
ISK 146.536293
JEP 0.846123
JMD 179.197264
JOD 0.800829
JPY 163.522985
KES 145.948967
KGS 98.748168
KHR 4520.504093
KMF 489.51246
KPW 1016.250524
KRW 1581.383894
KWD 0.346313
KYD 0.94096
KZT 580.983983
LAK 24418.670239
LBP 101174.743346
LKR 338.071121
LRD 225.836436
LSL 20.652092
LTL 3.334225
LVL 0.68304
LYD 6.164314
MAD 10.407111
MDL 19.303049
MGA 5019.281271
MKD 61.591021
MMK 2370.827215
MNT 4035.825338
MOP 9.026324
MRU 44.734742
MUR 51.163583
MVR 17.401286
MWK 1958.024058
MXN 22.120943
MYR 4.829006
MZN 72.183198
NAD 20.653455
NGN 1817.408712
NIO 41.553545
NOK 11.700667
NPR 153.048019
NZD 1.905979
OMR 0.434734
PAB 1.129232
PEN 4.126538
PGK 4.550385
PHP 62.878218
PKR 317.720884
PLN 4.271905
PYG 9024.436999
QAR 4.116431
RON 5.129882
RSD 116.459083
RUB 92.933292
RWF 1622.115831
SAR 4.235358
SBD 9.429754
SCR 16.049283
SDG 678.068906
SEK 10.922311
SGD 1.463993
SHP 0.887372
SLE 25.666542
SLL 23678.679926
SOS 645.283863
SRD 41.575926
STD 23372.099807
SVC 9.879791
SYP 14681.682615
SZL 20.641136
THB 37.069257
TJS 11.715259
TMT 3.963482
TND 3.366698
TOP 2.644699
TRY 43.631276
TTD 7.662932
TWD 34.194915
TZS 3038.669845
UAH 46.79266
UGX 4131.729797
USD 1.129197
UYU 47.277956
UZS 14594.872016
VES 102.867839
VND 29325.248282
VUV 136.227784
WST 2.992029
XAF 651.704682
XAG 0.034856
XAU 0.000338
XCD 3.051711
XDR 0.811497
XOF 650.417174
XPF 119.331742
YER 276.114663
ZAR 20.600185
ZMK 10164.13529
ZMW 30.177097
ZWL 363.601
  • AZN

    -2.2600

    67.81

    -3.33%

  • CMSC

    0.0400

    22.2

    +0.18%

  • RBGPF

    2.8600

    65.86

    +4.34%

  • RIO

    -0.6500

    59.37

    -1.09%

  • BP

    0.3700

    28.5

    +1.3%

  • SCS

    0.4300

    10.34

    +4.16%

  • NGG

    -1.6800

    70.89

    -2.37%

  • BCC

    3.0600

    90.16

    +3.39%

  • GSK

    -0.2900

    36.88

    -0.79%

  • BCE

    1.2300

    22.48

    +5.47%

  • RYCEF

    0.5100

    10.68

    +4.78%

  • BTI

    -1.0450

    43.405

    -2.41%

  • RELX

    -0.5300

    54.34

    -0.98%

  • JRI

    -0.0160

    13.01

    -0.12%

  • VOD

    -0.0750

    9.325

    -0.8%

  • CMSD

    -0.0700

    22.34

    -0.31%

Stocks rise as Trump signals US-UK 'trade deal'
Stocks rise as Trump signals US-UK 'trade deal' / Photo: Andrew Harnik - GETTY IMAGES NORTH AMERICA/AFP

Stocks rise as Trump signals US-UK 'trade deal'

Stock markets and the dollar rose Thursday as US President Donald Trump touted plans to unveil a "major trade deal" with Britain, boosting hopes for other countries' tariff negotiations.

Text size:

After the turbulence sparked by the US president's "Liberation Day" tariffs on April 2, markets have settled in recent weeks on optimism that countries will reach agreements with Washington to avoid his potentially damaging levies.

Trump said on Thursday that "this should be a very big and exciting day for the United States of America and the United Kingdom."

He called the US-UK agreement "a full and comprehensive one" and said it was the first of "many other deals".

UK Prime Minister Keir Starmer said he would give an "update" later in the day, with speculation over whether the announcement would be a finalised deal or a framework for further negotiation.

"It's hoped that the agreement will lower tariffs imposed on certain UK goods sold into the US, but nothing is certain with Trump until we get the full details," said AJ Bell investment director Russ Mould.

That added to market optimism spurred this week when Chinese and US officials said top negotiators would meet on Saturday and Sunday for their first talks since Trump unveiled his tariffs assault.

The gathering has fuelled hopes for a dialling down of tensions between the world's economic superpowers, which has seen Washington impose levies of 145 percent on China and Beijing retaliate with 125 percent tolls of its own.

The pound edged down against the dollar in late morning.

London was on the front foot, tracking gains in Tokyo, Hong Kong and Shanghai.

Frankfurt led European gains after data showed German industrial production jumped more than expected in March, a boost for Europe's biggest economy.

Paris also rose and US futures were up.

The Bank of England is widely expected to trim its key rate by a quarter point on Thursday, and investors will be looking for hints of further reductions this year.

"The combination of a weaker growth outlook and better than expected inflation offers enough wiggle room to cut," said Matt Britzman, senior equity analyst at Hargreaves Lansdown.

The Swedish and Norwegian central banks kept their rates unchanged on Thursday, with both hinting future cuts are possible despite economic uncertainty in the wake of US tariffs.

That comes after the US central bank on Wednesday paused rate cuts and warned of higher risks to its inflation and unemployment goals in a likely reference to Trump's tariff rollout.

Trump has in recent weeks hit out at Federal Reserve boss Jerome Powell for not cutting rates quickly enough, and last month markets were roiled by fears he could try to oust him.

Analysts do not expect the Fed to move until July at the earliest.

Mould said investors were also closely watching soaring tensions between India and Pakistan and "hoping the situation does not escalate further".

- Key figures at around 1015 GMT -

London - FTSE 100: UP 0.4 percent at 8,596.25 points

Paris - CAC 40: UP 1.1 percent at 7,708.07

Frankfurt - DAX: UP 1.2 percent at 23,398.78

Tokyo - Nikkei 225: UP 0.4 percent at 36,928.63 (close)

Hong Kong - Hang Seng Index: UP 0.4 percent at 22,775.92 (close)

Shanghai - Composite: UP 0.3 percent at 3,352.00 (close)

New York - Dow: UP 0.7 percent at 41,113.97 (close)

Euro/dollar: DOWN at $1.1282 from $1.1301 on Wednesday

Pound/dollar: DOWN at $1.3274 from $1.3286

Dollar/yen: UP at 144.90 yen from 143.89 yen

Euro/pound: DOWN at 84.99 pence from 85.05 pence

West Texas Intermediate: UP 1.2 percent at $58.74 per barrel

Brent North Sea Crude: UP 1.0 percent at $61.71 per barrel

X.Kadlec--TPP