In a post on his social media platform Truth Social, President Trump said the U.S.-U.K. trade deal had been struck, and several others are under serious negotiations.
President Donald Trump’s trade deal announcement with the U.K. sent futures of major U.S. indices soaring in Thursday’s pre-market session.
In a post on his social media platform Truth Social, President Trump said the U.S.-U.K. trade deal had been struck, and several others are under serious negotiations.
“The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come,” Trump said.
The President added that there will be a press conference at 10 a.m. to announce the deal.
Treasury Secretary Scott Bessent is also scheduled to meet with Chinese officials over the weekend in Geneva, Switzerland, to try to ease trade tensions between the two countries.
While Dow Jones futures were up by 0.92% at the time of writing, the S&P 500 futures gained 1.10%, while the tech-heavy Nasdaq 100’s futures were up 1.44%. Futures of the Russell 2000 index gained 1.53%.
Meanwhile, the SPDR S&P 500 ETF Trust (SPY) was up 1.15% on Thursday morning, while Invesco QQQ Trust (QQQ) gained 1.44%.
Bitcoin (BTC) gained 2.87% in the past 24 hours to inch closer to the $100,000 level.
Asian markets ended Thursday’s trading session on a largely positive note.
The Nikkei 225 index gained the most at 0.40%, followed by the Hang Seng at 0.37%. The Shanghai Composite index rose 0.28%, while the KOSPI rose 0.22%.
The TWSE Capitalization Weighted Stock index ended marginally lower by 0.02%.
While Federal Reserve Chair Jerome Powell kept interest rates unchanged on Wednesday, President Trump’s announcement of a U.K. trade deal could offer some optimism to investors and provide some respite from the uncertainty surrounding the economic outlook.
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