European Markets Rally Amid Trade Deal Optimism
European shares rose as President Trump signaled progress on a global trade deal, boosting market sentiment. The STOXX 600 index increased, but Spain's index declined. Anticipation builds over a potential U.S.-UK trade deal. The Fed kept interest rates steady, while the Bank of England's meeting remains a focal point.
European shares experienced an upswing on Thursday after U.S. President Donald Trump indicated advancements toward resolving global tariff disputes with a prospective trade deal. This development elevated market sentiment, leading to a 0.3% uptick in the pan-European STOXX 600 index.
While most regional indexes mirrored this positive trend, Spain's index defied the trend with a 0.4% drop. Trump announced plans for a news conference regarding a significant trade agreement with a prominent international power.
The New York Times suggested that the potential trade partner could be Britain, aligning with anticipated talks between U.S. and Chinese trade officials. Meanwhile, A.P. Moller-Maersk shares dropped following revised market forecasts, and Anheuser-Busch InBev stocks climbed post robust profit reports.
(With inputs from agencies.)
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