Asia's Shares Surge as Trump Teases New Trade Deal Amid Fed Caution
Asian shares rose as President Trump hinted at a new trade deal, causing excitement in global markets. Investors remain cautious ahead of U.S.-China talks and Central Bank decisions. The dollar strengthened moderately while oil and gold prices saw minor fluctuations. Meanwhile, Wall Street experienced gains due to policy revisions on AI chip exports.
Asian markets experienced an uptick on Thursday following hints from U.S. President Donald Trump about an impending trade agreement amid the ongoing global tariff war. Investors are keenly eyeing the potential settlement, which promises to bolster economic ties.
Markets reacted positively, with S&P 500 futures and Nasdaq futures posting significant gains. The European STOXX 600 index and FTSE futures also benefited, climbing 0.7% and 0.5%, respectively. Trump also mentioned a press conference to detail a major trade deal, speculated to be with the UK.
Furthermore, investors are anticipating key trade discussions between the U.S. and China, as tensions linger. Meanwhile, the Federal Reserve's cautious stance on future rate cuts and their potential impact on inflation has kept market players vigilant, alongside developments in oil and gold prices, which were modestly higher.
(With inputs from agencies.)
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