"Financial markets globally rallied with sharp increases in share prices, as the Nikkei rose by 3.5%, the FTSE 100 hit a record 9,061, and the Dow Jones rose over 1%. News regarding nearing trade deals between the EU and US spurred this surge, while a significant trade agreement recently made between the US and Japan benefited Japanese automakers, with Toyota's shares surging over 14%."
"Reports announced that a trade agreement between Trump and Japan included a 15% tariff on Japanese imports instead of the threatened 25%. This shift instilled optimism in investors for potential EU and US deals, ahead of upcoming tariffs if negotiations fail, with an EU threat of $118 billion worth of tariffs on US imports."
Financial markets worldwide rallied sharply after Trump announced a trade deal with Japan, with major indices posting significant gains. The Nikkei index increased by 3.5%, the FTSE 100 closed at a record high of 9,061 with a 0.4% gain, and US markets also saw gains with the Dow Jones rising over 1%. The deal included a 15% tariff on Japanese imports, down from a threatened 25%, enhancing investor optimism for similar EU negotiations. The impact was most visible in Japanese carmakers, with Toyota's shares climbing over 14% as concerns over tariffs alleviated.
Read at www.theguardian.com
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