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From tariffs to take-off: Global markets rebound
Manage episode 483858088 series 3640585
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Global equity markets delivered strong gains last week, with the United States leading the advance following encouraging developments in trade negotiations and solid earnings results. The S&P 500 and Nasdaq moved higher after the US and China reached an agreement to ease trade tensions during talks held in Switzerland. The agreement involves a 90-day suspension of most newly imposed tariffs. As part of the deal, US tariffs on Chinese goods will drop from 145% to 30%, while Chinese tariffs on US imports will fall from 125% to 10%. Markets responded positively to the prospect of a more constructive trade relationship between the world’s two largest economies. Additional optimism stemmed from corporate activity, including confirmation that Saudi Arabia will be permitted to purchase advanced semiconductor chips from major US technology firms. Meanwhile, Qatar Airways placed a record aircraft order worth $96 billion from Boeing. These announcements further boosted sentiment, helping major indices recover above their early April levels by the end of the week...
Stocks featured:
Airtel Africa, Entain and Imperial Brands
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