Global Markets Surge Amid U.S.-UK Trade Optimism

World stock markets saw a surge, reaching their highest levels in six weeks, driven by optimism surrounding a U.S.-UK trade agreement. Although the deal is considered more symbolic than substantial, it suggests possible progress in easing tariffs and trade barriers globally.

The agreement maintains a 10% tariff on UK goods but reduces prohibitive U.S. duties on UK car exports. Despite U.S. President Donald Trump's reluctance to use it as a template for future deals, the arrangement hints at ongoing negotiations, including discussions with China set to occur in Switzerland.

Market enthusiasm extended to cryptocurrencies and crude oil, with notable increases in their prices. This shift in investor sentiment from safer holdings like government bonds to riskier stocks indicates a cautious optimism, even as experts warn that core market fundamentals remain unsteady.

(With inputs from agencies.)