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

EUR -
AED 4.105252
AFN 78.797051
ALL 98.893319
AMD 433.749643
ANG 2.00029
AOA 1024.357672
ARS 1257.401991
AUD 1.726388
AWG 2.014619
AZN 1.894575
BAM 1.967649
BBD 2.255714
BDT 135.737404
BGN 1.958856
BHD 0.421283
BIF 3281.510303
BMD 1.117681
BND 1.458201
BOB 7.719591
BRL 6.272418
BSD 1.117243
BTN 95.296148
BWP 15.251571
BYN 3.656166
BYR 21906.540172
BZD 2.244124
CAD 1.559656
CDF 3208.861365
CHF 0.940199
CLF 0.027393
CLP 1051.159719
CNY 8.054398
CNH 8.044461
COP 4708.620804
CRC 567.726442
CUC 1.117681
CUP 29.618536
CVE 110.790095
CZK 24.942161
DJF 198.633856
DKK 7.459515
DOP 65.829876
DZD 149.154865
EGP 56.405322
ERN 16.765209
ETB 148.552518
FJD 2.528748
FKP 0.847332
GBP 0.84049
GEL 3.068057
GGP 0.847332
GHS 14.222485
GIP 0.847332
GMD 80.472573
GNF 9673.526071
GTQ 8.589727
GYD 233.733349
HKD 8.714585
HNL 29.051336
HRK 7.534623
HTG 146.071597
HUF 404.018956
IDR 18575.851922
ILS 3.973953
IMP 0.847332
INR 95.126524
IQD 1463.532969
IRR 47054.354819
ISK 145.667499
JEP 0.847332
JMD 177.981798
JOD 0.792767
JPY 165.002627
KES 144.744858
KGS 97.741511
KHR 4488.605618
KMF 492.340141
KPW 1005.907529
KRW 1580.819534
KWD 0.343385
KYD 0.93099
KZT 567.877027
LAK 24164.25501
LBP 100101.550337
LKR 333.870553
LRD 223.436524
LSL 20.473189
LTL 3.300221
LVL 0.676074
LYD 6.13595
MAD 10.421659
MDL 19.528249
MGA 5050.436086
MKD 61.542104
MMK 2346.553122
MNT 3994.476518
MOP 8.967945
MRU 44.27462
MUR 51.893802
MVR 17.214206
MWK 1937.392892
MXN 21.713176
MYR 4.831172
MZN 71.421162
NAD 20.473465
NGN 1791.004651
NIO 41.107548
NOK 11.577662
NPR 152.468749
NZD 1.882346
OMR 0.430293
PAB 1.117208
PEN 4.084497
PGK 4.639942
PHP 62.334189
PKR 314.600711
PLN 4.233858
PYG 8921.846685
QAR 4.072177
RON 5.103445
RSD 117.931762
RUB 89.254777
RWF 1599.805326
SAR 4.191965
SBD 9.333582
SCR 15.894298
SDG 671.167312
SEK 10.873809
SGD 1.454963
SHP 0.878321
SLE 25.427268
SLL 23437.204022
SOS 638.430318
SRD 40.796462
STD 23133.732267
SVC 9.776002
SYP 14533.551955
SZL 20.467345
THB 37.151287
TJS 11.585057
TMT 3.911882
TND 3.379307
TOP 2.617718
TRY 43.365527
TTD 7.581691
TWD 34.016599
TZS 3003.767623
UAH 46.42962
UGX 4088.676695
USD 1.117681
UYU 46.66099
UZS 14406.756824
VES 103.625748
VND 29016.665443
VUV 134.091698
WST 3.105526
XAF 659.919194
XAG 0.033979
XAU 0.000344
XCD 3.020588
XDR 0.82109
XOF 659.939985
XPF 119.331742
YER 273.217081
ZAR 20.499279
ZMK 10060.468697
ZMW 29.605681
ZWL 359.892704
  • RBGPF

    0.8100

    63.81

    +1.27%

  • CMSC

    -0.0200

    22.06

    -0.09%

  • BCC

    0.6100

    93.71

    +0.65%

  • SCS

    -0.1100

    10.71

    -1.03%

  • RELX

    0.5700

    52.4

    +1.09%

  • GSK

    -1.0200

    36.35

    -2.81%

  • NGG

    0.0000

    67.53

    0%

  • RIO

    0.8600

    62.27

    +1.38%

  • BTI

    -0.2900

    40.69

    -0.71%

  • BP

    0.3700

    30.56

    +1.21%

  • BCE

    -0.5800

    21.98

    -2.64%

  • JRI

    -0.1300

    12.88

    -1.01%

  • RYCEF

    0.3200

    10.7

    +2.99%

  • CMSD

    0.0900

    22.39

    +0.4%

  • VOD

    -0.0100

    9.06

    -0.11%

  • AZN

    -1.2300

    67.72

    -1.82%

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