On Friday, global markets rallied as US job growth in April exceeded expectations, with 177,000 jobs added, compared to a predicted 130,000. While slower than March’s 185,000, the figures ignited optimism that the US economy could withstand trade tensions stemming from tariffs. European indices also surged, with the FTSE 100 celebrated its longest winning streak. Market analysts noted that fresh optimism, coupled with potential US-China trade dialogue, contributed to positive sentiment, suggesting that the economic outlook may not be as precarious as previously feared.
The jobs report added to hopes that the world's largest economy is in a more resilient position to withstand the fallout from Trump's tariffs.
The FTSE has surged higher, racing into a record winning streak, as fresh optimism pulses through markets.
Employers across the country continued to add jobs at a steady pace in April and the unemployment rate was unchanged at 4.2%.
Beijing was considering trade negotiations with Washington, raising hopes of easing tensions.
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