Global Equities Ride Optimism Wave Amid Trade Talks Buzz
MSCI's global equities index saw gains amid optimism over a U.S. trade deal with the UK and possible tariff negotiations with China. Speculation mounts as U.S. Treasury officials prepare to meet China's trade representatives in Switzerland, with markets showing mixed reactions across stocks, currencies, and commodities.
MSCI's global equities index saw slight gains on Friday, driven by optimistic sentiment surrounding a U.S. trade deal with the UK. This development has raised hopes for tariff negotiations with other nations, notably China, despite President Trump's skepticism about using the UK agreement as a model for others.
Amidst these negotiations, India has made an offer to reduce its tariff gap with the U.S. The MSCI index rose 0.24%, while U.S. and European indexes also showed positive movements. Trump's remarks suggesting a possible reduction of tariffs on Chinese goods further fueled market positivity.
Currency markets witnessed the dollar losing ground against major rivals, and in commodities, crude oil and gold prices increased, enhancing optimism with imminent U.S.-China trade discussions. Investors remain cautious, awaiting meaningful insights from forthcoming international meetings.
(With inputs from agencies.)
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