Global Markets Surge on U.S.-UK Trade Agreement Momentum

Global financial markets rallied on Thursday following the announcement of a trade agreement between the United States and the United Kingdom, outlined by President Donald Trump. This comes after the U.S. Federal Reserve maintained a steady stance on interest rates. The news bolstered investor confidence, leading to a rise in world shares, the dollar, and Treasury yields.

Bitcoin gained 4.83% to reach $101,440.22, while Ethereum surged 14.72% to $2,063.23. Wall Street responded positively, with major indices experiencing upticks as investors expressed relief over progress in trade negotiations. Gene Goldman, chief investment officer at Cetera Investment Management, noted the sense of optimism as the U.S. and China prepare for weekend trade talks in Switzerland.

Market watchers also digested the Federal Reserve's recent policy update, highlighting economic uncertainty due to ongoing trade policies. This sentiment was mirrored in other sectors, including currencies and government bonds, as oil prices rose on anticipation of a trade breakthrough between the two largest economies. U.S. crude rose 3.29% to $59.98 per barrel, reflecting buoyed market sentiment.

(With inputs from agencies.)