The Ibovespa rose 0.2% to close at 136,512 on Friday, its highest level since August, securing a 1% weekly gain for the São Paulo exchange and marking its fifth consecutive week of gains. The rally came as investors digested domestic inflation data and global optimism over trade negotiations fueled broader risk appetite. Brazil’s annual inflation rate rose to 5.53% in April, the highest since February 2023, remaining above the Central Bank’s 4.5% upper target for the sixth straight month. Meanwhile, global trade concerns eased as senior US and Chinese officials prepared for talks in Switzerland, while a US–UK trade agreement signed Thursday signaled a de-escalation in tariff tensions, improving sentiment toward Brazil’s export outlook. In corporate news, Itaúsa jumped 4.5% after posting strong Q1 results, leading gains. In contrast, Suzano (-2.7%), Banco Bradesco (-1.3%), and Localiza (-6.4%) fell following disappointing earnings.

Ibovespa Advances for 5th Consecutive Week

US stocks closed little changed on Friday as investors looked ahead to high-stakes trade negotiations between the US and China in Geneva this weekend. The S&P 500 edged lower by 0.1%, the Dow Jones fell 119 points, while the Nasdaq 100 finished mostly flat. A brief boost in sentiment followed the announcement of a US-UK trade agreement, but uncertainty lingered over whether talks with China would yield meaningful progress. Adding to the cautious mood, President Trump floated the idea of reducing tariffs on Chinese imports to 80% from the current 145%, while claiming that “many trade deals” are underway. On the earnings front, Pinterest jumped 4.8% on strong ad revenue forecasts, while Expedia slid 7.3% after missing revenue expectations, and Affirm sank 14.5% on weak fourth-quarter guidance. The mixed corporate results underscored broader investor wariness amid trade headwinds. The S&P 500 ended the week down 0.7%, while the Nasdaq lost around 0.6%. The Dow slipped roughly 0.2%.

US Stocks Little Changed Ahead of Geneva Trade Talks

Stocks in the US traded lower Friday afternoon as investors grew cautious ahead of high-stakes US-China trade talks set for this weekend in Geneva. The S&P 500 and Nasdaq each dipped 0.1%, while the Dow Jones fell over 50 points, giving up earlier gains. Sentiment briefly improved following the announcement of a US-UK trade agreement, but concerns remain that talks with China may fall short of a breakthrough. President Trump added to market uncertainty by floating an 80% tariff on Chinese imports—down from the current 145%—while also claiming that “many trade deals” are underway. On the corporate front, Pinterest rallied 5.4% on strong ad revenue projections, while Expedia fell 7.7% after missing revenue estimates, and Affirm dropped 13% on weak Q4 guidance. These mixed earnings signals reflect broader investor uncertainty amid trade tensions. For the week, the S&P 500 is down 0.7%, with the Nasdaq and Dow also on track for modest losses.

Wall Street Dips as Markets Eye US-China Trade Talks

In Milan,  the FTSE MIB Index rose 396 points or 1.02 percent on Friday. Leading the gains are Mediobanca (6.18%), Saipem (3.65%) and STMicroelectronics (3.31%).

The FTSE MIB Index Closes 1.02% Higher

In Frankfurt,  the DAX Index gained 147 points or 0.63 percent on Friday. Gains were led by Commerzbank (4.36%), Bayer (2.67%) and Daimler Truck Holding AG (2.49%). Biggest losers were Puma (-7.40%), Allianz (-2.69%) and Qiagen NV (-1.21%).

The DAX Index Closes 0.63% Higher

In Paris,  the CAC 40 Index went up by 49 points or 0.64 percent on Friday. Top gainers were STMicroelectronics (5.21%), Cap Gemini (3.32%) and Renault (2.14%). Biggest losses came from Thales (-3.04%), Safran (-0.74%) and Accor (-0.61%).

The CAC 40 Index Closes 0.64% Higher

European stocks closed firmly higher on Friday as the possibility that the US and China will de-escalate their trade war with talks this weekend supported risk-on assets. The STOXX 50 added 0.4% to 5,310 and the pan-European STOXX 600 rose 0.4% to 548. On the policy front, ECB official Olli Rehn stated that the central bank should consider cutting interest rates in the upcoming meeting provided that upcoming forecasts confirm a continued disinflation trend and weakening growth momentum. Consumer discretionary companies and utility providers led the gains after lagging behind in the previous session, with LVMH, BMW, L'Oreal, and Enel all adding more than 2%. Banks were also higher as investors assessed the likelihood of a third Italian lending giant. Mediobanca jumped after beating its Q1 results forecast and signaling the continuation in its bid for Banca Generali, while Banca MPS also gained after delivering strong results and voicing its effort to acquire Mediobanca.

European Stocks Close Week Higher

The FTSE MIB rose 1.4% to close at 39,540 on Friday, marking its highest level in over six weeks and securing a fourth consecutive weekly gain. The rally was driven by renewed optimism surrounding a US–UK trade agreement, which also bolstered expectations for progress in broader US–EU trade negotiations. Meanwhile, investors continued to assess corporate earnings, as attention turned toward the upcoming US–China talks scheduled for the weekend. Mediobanca led gains on the index, surging 6.5% after reporting quarterly results that exceeded expectations. Other notable performers included Enel (2%), Assicurazioni Generali (1.8%), Eni (2.1%), STMicroelectronics (3.3%), and Banco BPM (2.2%).

FTSE MIB Rises for the 4th Straight Week

The FTSE 100 rose on Friday, snapping a two-day losing streak as investors digested upbeat earnings and fresh trade developments. British Airways owner IAG (+2.5%) boosted sentiment after reporting a 9.6% revenue increase for Q1, beating forecasts and reaffirming its full-year guidance. The company also confirmed it ordered around 30 Boeing 787 Dreamliners and 21 Airbus aircraft. More broadly, shares in Urban Logistics jumped 4.7% after agreeing to be acquired by LondonMetric, marking another major move in the UK property sector. Despite Friday’s gains, the FTSE 100 went down 0.5% for the week after three consecutive periods of gains. Market attention was focused on two key events from the previous day: the Bank of England’s rate cut, which came with a hawkish tone due to a split vote and unchanged forward guidance, and the announcement of a limited US-UK trade deal, which fell short of the sweeping agreement previously suggested.

UK Shares Snap 2-Day Drop, Still Post Weekly Loss

The CAC 40 rose 0.6% to 7,744 on Friday, extending gains from the previous session amid improving global risk appetite. Optimism was fueled by the announcement of a preliminary US-UK trade agreement, representing the first such deal since the US introduced heavy tariffs the previous month. Market sentiment was further lifted after US President Trump hinted at a possible relaxation of tariffs on Chinese goods, depending on the outcome of high-level talks set to take place in Switzerland over the weekend. Most stocks on the index advanced, led by STMicroelectronics, which jumped 3.3%. Capgemini rose 3.3%, while luxury giants LVMH and L'Oréal added 1.7% and 2.1%, respectively. On the downside, Thales was the worst performer among the few decliners, dropping 2.8%. Despite Friday’s gains, the CAC 40 posted a weekly decline of 0.8%.

CAC 40 Rises for 2nd Straight Session

Frankfurt’s DAX advanced 0.7% on Friday, breaking above 23,500 to reach a new all-time high, extending Thursday’s gains and aligning with broader global market momentum. The advance was driven by the finalized US-UK trade agreement, which has strengthened expectations for progress on a broader US-EU deal. Market attention now turns to the upcoming US-China negotiations, with traders also closely watching corporate earnings. Siemens Energy, Daimler Truck, Bayer, Merck, BMW, Infineon and Brenntag led the gains, adding between 1.7% and 2.7%. Shares of Commerzbank gained ground, surging nearly 4%, after the lender posted a surprise profit growth in Q1. For the week, the index rose nearly 2%, driven by optimism surrounding Germany's economic prospects under the newly formed government and signs of easing global trade tensions.

DAX Hits Record Level

The Ibovespa climbed around 0.4% to above the 137,000 mark on Friday, its highest level since August, setting up the São Paulo exchange for a weekly gain of roughly 1.3%. Gains came as investors digested domestic inflation data and global optimism over trade talks bolstered risk appetite. Brazil’s annual inflation rate rose to 5.53% in April, the highest since February 2023, and remained above the central bank’s 4.5% upper target for the sixth straight month—just after Copom’s recent 50 bps Selic hike. Meanwhile, concerns over global trade eased as senior US and Chinese officials prepared to meet in Switzerland, and a US–UK trade agreement signed Thursday pointed to easing tariff tensions, lifting sentiment around exports. In corporate news, Itaúsa surged over 4% after reporting its first-quarter results, leading gains across major financial stocks. On the other hand, Suzano, Banco Bradesco, and Localiza each dropped around 2% following their own lackluster earnings releases.

Ibovespa Poised for Weekly Gains

COLCAP increased to a 5-year high of 1661.00 Index Points. Over the past 4 weeks, Colombia Stock Exchange Stock Index gained 3.69%, and in the last 12 months, it increased 19.73%.

Stocks in Colombia Hit 5-year High

The S&P/TSX Composite Index rose 0.2% to above the 25,320 mark on Friday, positioning the Toronto exchange for a weekly gain of over 1% as higher commodity prices buoyed the resource-heavy benchmark. Energy leaders drove the advance, with Canadian Natural, Suncor, Imperial Oil, and Cenovus each gaining between 1% and 2.2%, while heavyweight miners such as Agnico Eagle, Wheaton Precious Metals, Barrick Gold, and Franco-Nevada also traded firmly in positive territory. On the economic front, Statistics Canada reported 7,400 new jobs in April alongside a modest uptick in the unemployment rate to 6.9%, suggesting consumer spending capacity remains intact despite job losses in manufacturing, pressured by US import tariffs. Internationally, market sentiment was lifted by President Trump’s announcement of a US–UK trade agreement and signals of potential tariff reductions on Chinese imports ahead of weekend negotiations, easing trade concerns and boosting markets across North America and Asia.

TSX Set for Weekly Gains

Stocks in the US were higher on Friday, with the S&P 500 rising 0.4%, the Nasdaq adding 0.6% and the Dow Jones gaining about 110 points, as traders weighed signs of a potential de-escalation in global trade tensions. President Trump said an 80% tariff on China "seems right" ahead of trade talks led by Treasury Secretary Scott Bessent and Chinese counterparts in Switzerland this weekend. Earlier reports had suggested the tariff rate could be reduced to below 60%. Energy and consumer discretionary were the top performing sectors while consumer staples underperformed. Corporate earnings also remained in focus. Shares of Pinterest surged over 7% after the company reported better-than-expected revenue and user growth. Lyft jumped nearly 17% following a strong report on gross bookings, while Coinbase slipped about 1.2% after posting a decline in profit. For the week, the S&P 500 is down 0.4%, the Nasdaq has fallen 0.3%, and the Dow Jones has edged up a modest 0.1%.

US Stocks Rise, US-China Talks Awaited

US stock futures were higher on Friday, with contracts tied to the three major indexes up about 0.4%, as traders weighed signs of a potential de-escalation in global trade tensions. President Trump said an 80% tariff on China "seems right" ahead of trade talks led by Treasury Secretary Scott Bessent and Chinese counterparts in Switzerland this weekend. Earlier reports had suggested the tariff rate could be reduced to below 60%. Corporate earnings also remained in focus. Shares of Pinterest surged over 11% in premarket trading after the company reported better-than-expected revenue and user growth. Lyft jumped nearly 10% following a strong report on gross bookings, while Coinbase slipped about 1% after posting a decline in profit. For the week, the S&P 500 is down 0.4%, the Nasdaq has fallen 0.3%, and the Dow Jones has edged up a modest 0.1%.

US Stocks Set for a Higher Open

India's BSE Sensex closed about 1.1% down at two-week lows of 79,454.5 on Friday, extending losses from the prior session, mainly influenced by rising   India-Pakistan tensions. Fresh cross-border drone and missile attacks by Pakistan deepened fears of a wider conflict. Meanwhile, market sentiment was tempered by sustained foreign inflows and optimism over a potential US-India trade deal, following India’s recent agreement with the UK. Indian markets will be closed on Monday, May 12.

Sensex Ends on Lower Note

In Mumbai,  the SENSEX Index dropped 817 points or 1.02 percent on Friday. Losses were led by ICICI Bank (-2.83%), Power Grid (-2.71%) and UltraTech Cement (-2.32%).

The SENSEX Index Closes 1.02% Lower

The Hang Seng rose 92 points or 0.4% to close at 22,868 on Friday, up for the seventh session, led by property and financial stocks. Traders welcomed China's April trade data, which showed resilient export growth despite a slowdown due to rising U.S. tariffs, while imports fell less than expected as Beijing continued efforts to boost domestic demand. The index held at its highest in a month, supported by Wall Street's strength Thursday. For the week, it gained 1.6%, marking a fourth straight weekly rise and the longest winning streak since February. Sentiment was lifted after President Trump signaled optimism over U.S.-China trade talks, suggesting the 145% tariffs on Chinese goods could be reduced. However, caution persisted ahead of mainland CPI/PPI readings due over the weekend. Meantime, Hong Kong’s forex reserves fell to $408.7 billion in April, the lowest since July 2017. Notable gainers included Pop Mart (6.7%), Henderson Land Dev. (6.0%), Prada Spa (4.6%), Sun Hung Kai (4.6%).

Hang Seng Surges 1.6% This Week

The FTSE MIB climbed more than 1% to above 39,350 on Friday, reaching its highest level in over six weeks and on track to log its fourth consecutive weekly gain. The advance was fueled by optimism over the prospects of a US-UK trade agreement, which also boosted hopes for progress in US-EU trade talks. Meanwhile, traders continued to monitor corporate earnings, while attention shifted to the upcoming US-China negotiations over the weekend. Top performers on the index included Enel (+2%), STMicroelectronics (+2.5%), Bper Banca (+2.4%), Eni (+1.6%), and Tenaris (+1.6%).

Italian Shares Climb 1%

The CAC 40 rose 0.8% to 7,752 on Friday, extending gains from the previous session amid improving global sentiment. Optimism was fueled by the announcement of a preliminary US-UK trade agreement, representing the first such deal since the US introduced heavy tariffs the previous month. Market sentiment was further lifted after US President Trump hinted at a possible relaxation of tariffs on Chinese goods, depending on the outcome of high-level talks set to take place in Switzerland over the weekend. Most stocks on the index advanced, led by STMicroelectronics, which jumped 3.1%. Capgemini rose 2.3%, while luxury giants Kering and LVMH added 2% and 1.9%, respectively. On the downside, Thales was the worst performer among the few decliners, dropping 1.6%. Despite Friday’s gains, the CAC 40 remains on track for a slight weekly decline.

CAC 40 Extends Gains, Still Heads for Weekly Fall

Frankfurt's DAX rose 0.7% on Friday to trade above 23,500, a fresh all-time high, building on yesterday's gains, in line with major peers.
The gains were driven by positive sentiment surrounding a potential US-UK trade agreement, which in turn bolstered expectations of progress on a US-EU deal. Attention has now pivoted to the forthcoming US-China negotiations. Meanwhile, traders continued to monitor the ongoing earnings season.

DAX Hits New Peak

The FTSE 100 rose on Friday, snapping a two-day losing streak as investors digested upbeat earnings and fresh trade developments. British Airways owner IAG boosted sentiment after reporting a 9.6% revenue increase for Q1, beating forecasts and reaffirming its full-year guidance. The company also confirmed it ordered around 30 Boeing 787 Dreamliners and 21 Airbus aircraft, following hints in President Trump’s UK trade deal announcement. Meanwhile, shares in Urban Logistics jumped 3% after agreeing to be acquired by LondonMetric, marking another major move in the UK property sector. Despite Friday’s gains, the FTSE 100 remains down for the week after three prior weeks of gains. Market attention continues to focus on two key events from the previous day: the Bank of England’s rate cut, which came with a hawkish tone due to a split vote and unchanged forward guidance, and the announcement of a limited US-UK trade deal, which fell short of the sweeping agreement previously suggested.

UK Shares Trade Higher, Still Set for Weekly Fall

The benchmark KOSPI edged lower to close at 2,577 points on Friday, as losses in battery makers offset strong gains among auto stocks. However, the index still rose 0.7% for the week, marking a fourth straight weekly advance, supported by optimism over U.S. trade talks with major economies. President Trump and UK Prime Minister Starmer unveiled a limited trade deal that keeps the 10% U.S. tariff on British exports but eases duties on cars and expands agricultural access. Meanwhile, China expressed confidence in managing trade tensions with the U.S. ahead of key tariff talks set for this weekend in Switzerland. South Korea is also set to hold follow-up talks with the U.S. next week, as both sides work toward finalizing a trade package by July. Among battery stocks, LG Energy Solutions and Samsung SDI shed 2.9% and 1.1%, respectively. Additionally, shipbuilders and biopharmaceutical firms faced pressure. On the upside, automakers Hyundai Motor and Kia Corp both climbed over 1.5%.

South Korean Stocks Log Fourth Weekly Win

Both the STOXX 50 and the STOXX 600 rose 0.3% on Friday, extending gains from the previous session, as traders remained cautiously optimistic about the US-UK trade deal and looked ahead to US-China trade negotiations over the weekend. Oil and gas, autos, and healthcare were the best-performing sectors, while insurance lagged behind. Meanwhile, investors also monitored corporate earnings. Shares of Commerzbank edged up just 0.3%, despite the lender reporting a better-than-expected net profit in Q1. Mediobanca shares gained 1.5% following an earnings beat. For the week, both benchmark indexes saw only modest moves, with the STOXX 50 up 0.3% and the STOXX 600 slipping 0.1%.

European Stocks Edge Cautiously Higher

In Frankfurt,  the DAX Index is gaining 185 points or 0.79 percent on Friday. Leading the gains are Siemens Energy (3.22%), Daimler Truck Holding AG (2.46%) and Bayer (2.35%). Top losers are Puma (-1.71%), Zalando (-0.95%) and Henkel (-0.53%).

The DAX Index Opens 0.79% Higher

In Paris,  the CAC 40 Index is picking up 60 points or 0.77 percent on Friday. Gains are led by STMicroelectronics (4.41%), Cap Gemini (2.16%) and Kering (1.76%). Biggest losers are Thales (-1.89%), Societe Generale (-0.70%) and Safran (-0.50%).

The CAC 40 Index Opens 0.77% Higher

The Nikkei 225 jumped 1.56% to close at 37,503, while the broader Topix Index climbed 1.29% to 2,733 on Friday, with both benchmarks reaching six-week highs amid renewed global trade optimism. The rally followed news that US President Donald Trump had unveiled a preliminary trade deal with the UK, the first since the US imposed sweeping tariffs last month. Trump also hinted at the possibility of more deals and a potential easing of tariffs on China, depending on the outcome of high-level talks set to take place in Switzerland this weekend. On the domestic front, sentiment was lifted by data showing stronger-than-expected personal spending in March, a sign of resilient consumer demand. However, continued weakness in real wages, which fell for a third straight month, tempered enthusiasm and raised concerns about the broader economic outlook. Top gainers included Fast Retailing (+2.7%), IHI Corp (+2%), and Toyota (+1.8%). For the week, the Nikkei rose 1.8%, while the Topix added 1.7%.

Japanese Shares Rally on Trade Optimism

In Tokyo,  the Nikkei 225 Index rose 569 points or 1.54 percent on Friday. Leading the gains are NTT DATA (14.15%), Toho Zinc (12.68%) and Oki Electric (12.05%).

The Nikkei 225 Index Closes 1.54% Higher

Indian shares plunged by 807 points, or 1.0%, to 79,528 in morning deals on Friday, extending losses from the previous session as sentiment weakened due to escalating tensions between India and Pakistan. The BSE Sensex hit its lowest level in two weeks, with all sectors trading in the red, led by financial services, technology, and communication. For the week, the index is on track for a 1.2% slump, marking its first weekly decline in a month amid foreign outflows. A rally on Wall Street overnight and President Donald Trump’s announcement of a trade deal framework with the United Kingdom provided some support to market sentiment. Additionally, upbeat trade data from China helped limit the decline, as mainland exports grew much faster than expected in April. The Nifty 50 slumped 1.1% to around 24,000, with notable losses in Power Grid (-2.9%), NTPC (-2.7%), UltraTech Cement (-2.4%), ICICI Bank (-2.3%), and Adani Ports (-1.8%).

India Stocks Set to Close Week on Low Note

New Zealand's benchmark S&P/NZX 50 index jumped 1.1% to close at 12,605 on Friday, hitting its highest level in over two months, as investor sentiment improved after U.S. President Donald Trump announced a trade agreement with the U.K. The deal also fueled optimism over progress in the upcoming U.S.-China trade talks scheduled for Saturday in Switzerland. On the corporate front, nearly all large-cap stocks ended in the green. Medical device maker Fisher & Paykel added 1.7%, while pharmaceutical supplier Ebos Group advanced 3.3%. Utility providers Meridian Energy, Mercury NZ, and Contact Energy rose 1.6%, 2%, and 2.35%, respectively. Infrastructure investor Infratil also gained 2.65%. For the week, the NZX-50 climbed 2.25%, marking its second consecutive weekly gain.

New Zealand Stocks Gain After US-UK Trade Deal

European equity markets looked set to open higher on Friday, buoyed by improving global sentiment following the announcement of a preliminary US-UK trade deal. The agreement, unveiled by US President Donald Trump, marks the first major pact since Washington imposed sweeping tariffs in April. Trump also hinted at more trade agreements and suggested a possible easing of tariffs on China, pending the outcome of high-level talks in Switzerland this weekend. Investors will also turn their focus to key regional developments, including Italian industrial production data and a fresh round of corporate earnings. Notable reports are expected from Commerzbank, Cellnex, and Poste Italiane. In premarket trade, futures for the Euro Stoxx 50 and Stoxx 600 were both up around 0.3%, signaling a positive start to the session.

European Markets Head Higher on Trade Optimism

Hong Kong stocks rose 60 points or 0.2% to 22,841 on Friday morning, extending gains for a seventh straight session and hovering around a one-month high. A positive lead from Wall Street overnight supported sentiment after U.S. President Trump suggested tariffs on Chinese goods could be reduced if upcoming trade talks in Switzerland proceed smoothly—the first official negotiations between the U.S. and China. Investors also welcomed a major trade deal between the U.S. and U.K. Financials and consumer stocks led the gains, while property and tech shares lagged. However, further advances were capped by growing caution ahead of China’s April trade figures due later today, as tariffs may start to weigh on external demand. The Hang Seng is on track for a fifth consecutive weekly gain, up over 1%, supported by recent monetary easing from the PBoC. Notable early movers included Henderson Land Development (5.5%), Chow Tai Fook Jewellery (4.4%), Prada Spa (4.0%), and Lenovo Group (3.0%).

Hong Kong Equities Edge Up Ahead of China Trade Data

The Shanghai Composite fell 0.1% to below 3,350 while the Shenzhen Component dropped 0.65 to 10,140 on Friday, giving back gains from the previous session as caution prevailed ahead of key Sino-US trade negotiations scheduled for this weekend. Vice Premier He Lifeng is set to meet US Treasury Secretary Scott Bessent on Saturday in Switzerland for high-level discussions aimed at easing tariff tensions between the two economic superpowers. Earlier this week, the PBOC signaled plans to lower interest rates in an effort to cushion the economy against the fallout from escalating trade frictions. Meanwhile, investors are closely watching upcoming trade data for early signs of how tariffs are impacting China’s export-driven economy. Notable losers on the day included Avic Chengdu (-2.9%), Zhongji Innolight (-1.4%), and Hytera Communication (-1.4%). Despite Friday’s pullback, the Shanghai and Shenzhen indexes remain on track to post weekly gains of approximately 2.1% and 2.4%, respectively.

China Stocks Dip Ahead of High-Stakes Tariff Talks

The benchmark KOSPI traded flat around 2,579 points on Friday, but remained on track for a fourth consecutive weekly gain as investors assessed US trade talks with major economies. President Trump announced a preliminary trade deal with the UK, with final details expected in the coming weeks. He also hinted at a potential easing of tariffs on China, though uncertainty surrounding this weekend's trade talks in Switzerland weighed on optimism. Domestically, traders responded positively to data showing a 23rd consecutive month of current account surplus in March, on the back of solid exports. Among index heavyweights, automakers led the charge, including Hyundai Motor (2.2%) and Kia Corp (2.7%). In corporate news, steelmaker Korea Zinc surged 8.4% after announcing plans to cancel over 2 million shares worth 1.82 trillion won to boost value. On the downside, sharp losses were seen from SK Hynix (-1.2%), LG Energy Solutions (-2.6%), and KB Financial (-2.8%).

South Korean Shares Open Lower

The S&P/ASX 200 Index rose 0.2% to above 8,200 on Friday, marking its third consecutive session of gains, buoyed by a strong lead from Wall Street. The momentum followed news that US President Donald Trump had announced a trade agreement with the UK—the first since the US implemented sweeping tariffs last month. Trump also hinted at a possible easing of tariffs on China, pending the outcome of trade talks set to take place this weekend in Switzerland. Investors are now looking ahead to China’s upcoming trade data for insight into the impact of tariffs on Australia’s largest export market. In corporate developments, Macquarie Group surged 3.7% after reporting strong full-year results. In contrast, Transurban Group fell 1.7% following its announcement to cut 300 jobs as part of a cost-saving initiative expected to deliver over A$50 million in annual savings. Despite recent gains, the ASX 200 remains on track to end the week kower.

Australian Shares Gain on Wall Street Boost

The Nikkei 225 Index jumped 1.2% to above 37,300 while the broader Topix Index gained 0.9% to 2,720 on Friday, with Japanese shares hitting six-week highs, tracking a rally on Wall Street overnight as President Donald Trump unveiled a trade deal with the UK, the first since the US imposed sweeping tariffs last month. On the domestic front, investor sentiment was buoyed by data showing a stronger-than-expected rise in personal spending in March, signaling resilience in consumer demand. However, a continued decline in real wages—down for the third consecutive month—tempered optimism about the broader economic outlook. Among notable gainers were IHI Corp (+3.8%), Advantest (+2.3%), Fast Retailing (+2.0%), Kawasaki Heavy Industries (+1.9%), and Toyota Motor (+1.1%). For the week, both the Nikkei and Topix are on track to post gains of over 1%.

Japanese Shares Track Wall Street Higher

US stock futures were little changed on Friday as investors continued to assess the impact of the US-UK trade deal, the first major agreement since the US imposed sweeping tariffs earlier this year. President Trump hailed the agreement as a breakthrough poised to boost American exports, though a 10% tariff remains in place. Trump also signaled the possibility of easing tariffs on China, contingent on the outcome of upcoming trade talks this weekend in Switzerland, where US and Chinese officials are set to meet. In Thursday’s regular session, the Dow Jones rose 0.62%, the S&P 500 gained 0.58%, and the Nasdaq Composite climbed 1.07%, led by strong performances in the tech sector. Notable gainers included Tesla (+3.1%), Palantir Technologies (+7.9%), and MicroStrategy (+5.6%). In after-hours trading, Affirm and Coinbase fell 9% and 3%, respectively, following disappointing quarterly reports, while Pinterest surged 15% on upbeat Q2 revenue guidance.

US Futures Steady as Investors Weigh US-UK Trade Deal

Shares in New Zealand surged 124 points, or 1.0%, to 12,591 in early trading on Friday, reversing losses from the previous session and hitting their highest level in two months. Sentiment was lifted by a positive lead from Wall Street after President Trump announced a trade deal with the UK and hinted that tariffs on Chinese goods could be reduced if upcoming talks go smoothly. For the week, the market is on track to post its second consecutive weekly gain, up around 2% so far.

New Zealand Stocks Set to Log Second Straight Weekly Gains

In New York,  the Dow Jones Index gained 254 points or 0.62 percent on Thursday. Gains were led by Boeing (3.26%), Walt Disney (3.07%) and American Express (2.85%). Biggest losers were Merck (-1.76%), Coca-Cola (-1.68%) and UnitedHealth (-1.42%).

The Dow Jones Index Closes 0.62% Higher

The Ibovespa soared 2.1% to close at 136,232—its highest level in eight months—as investors digested consecutive central-bank decisions and a wave of encouraging corporate results. The financial sector led the advance as Bradesco jumped 14.9% after exceeding first-quarter earnings estimates; B3 rallied 9.1% on record trading volumes; Ambev added 1.0%, and Itaú gained 1.0% following similarly strong quarterly reports. Petrobras also rallied, rising 2.2% on firmer oil prices and news that senior U.S. and Chinese trade envoys will meet in Switzerland, bolstering hopes for tariff relief. Domestically, Copom’s 50?bps Selic hike to 14.75%—coupled with its data-dependent guidance—underscored a commitment to sustained monetary restraint, while the Federal Reserve held rates steady but warned that fresh U.S. tariffs could intensify inflationary pressures and labor-market strains, adding a note of caution even as global risk appetite improved.

Ibovespa Hits 8-Month High

The S&P/TSX Composite Index rose 0.4% to close at 25,254 on Thursday, marking an over one-month high as energy stocks rallied on firmer oil prices and a wave of reassuring corporate results. Cenovus spearheaded the rally—soaring 9.1% after delivering first-quarter earnings that comfortably outstripped analysts’ forecasts—while Canadian Natural jumped 5% on robust production figures and stronger-than-expected profit margins. Suncor and Imperial Oil followed suit, adding 1.5% and 2%, respectively. Elsewhere, mega-cap Shopify closed 0.3% lower, with softer gross merchandise volume growth and decelerating subscription revenue tempering the upbeat reaction to its revenue beat. Markets received an additional tailwind from US President Donald Trump’s announcement of a comprehensive US–UK trade pact—the first such agreement since tariffs were imposed—fueling hopes for a rollback of trade barriers and reinforcing risk appetite across global equity markets.

TSX Rises to Over 1-Month High

Stocks in the US surged Thursday after President Donald Trump announced a trade deal framework with the United Kingdom, the first major agreement since the US imposed sweeping tariffs earlier this year. The S&P 500 rose 0.6%, the Nasdaq jumped roughly 1.1% and the Dow gained 255 points, the fueled by optimism around trade and easing geopolitical tensions. Trump described the UK deal as a breakthrough that would boost American exports, though a 10% tariff remains in place. He also hinted that tariffs on China could come down depending on the outcome of trade talks this weekend in Switzerland, where US officials will meet their Chinese counterparts. Tech shares rose sharply with Tesla jumping 3.1% and Palantir soaring 7.8% to trim yesterday's plunge. Apple and Alphabet were also up to partially recover from last session's pullback. Arm sank 6.2% after delivering a pessimistic guidance, and Eli Lilly lost 3.2% amid broad losses for the healthcare sector across Europe and North America.

Wall Street Rallies on UK Pact

US stocks rose further on Thursday as expectations of lower tariffs on major trading partners triggered a risk-on rally in US capital markets. The S&P 500 and the Nasdaq 100 rose over 1.5% each to erase losses from "Liberation Day" and reach their highest since March, while the Dow added more than 600 points. President Trump unveiled a trade deal with the UK that maintained existing tariffs but signaled fewer restrictions on US exports in the future. Stocks only gained traction after the President acknowledged the chance that tariffs on China could be lowered after negotiations start this weekend. Tech shares were sharply higher with Tesla jumping more than 4% and Palantir soaring 7.5% to trim yesterday's plunge. Apple and Alphabet were also up to partially recover from last session's pullback. On the other hand, Arm dropped 5% after delivering a pessimistic guidance, and Eli Lilly lost more than 3% amid broad losses for the healthcare sector across Europe and North America.

US Stocks Extend Gains

In Milan,  the FTSE MIB Index gained 654 points or 1.71 percent on Thursday. Gains were led by Prysmian (6.43%), Iveco Group (3.58%) and Bper Banca (3.43%).

The FTSE MIB Index Closes 1.71% Higher

In Frankfurt,  the DAX Index went up by 237 points or 1.02 percent on Thursday. Top gainers were Puma (5.63%), HeidelbergCement (5.03%) and Zalando (4.25%).

The DAX Index Closes 1.02% Higher

Frankfurt's DAX closed about 1% higher at 23,349 on Thursday, its highest level since early March, as investors welcomed the announcement of the US-UK trade deal. The UK became the first country to strike such an agreement with the US since President Trump introduced sweeping tariffs in April, fueling hopes of easing global trade tensions. Traders also eyed central bank moves in Europe, particularly the BoE's decision, while also monitoring a fresh batch of corporate results. Domestically, German exports beat forecasts in March, boosted by pre-tariff U.S. demand, while industrial production also surprised to the upside, signaling a potential rebound. On the corporate front, Heidelberg Materials led gains with a nearly 5% jump, supported by strong Q1 results and reaffirmed full-year guidance. Rheinmetall also ranked among the top performers after posting robust quarterly earnings and reiterating it could surpass its 2025 targets.

DAX Ends on Strong Note

European stocks held on to early gains and closed firmly higher on Thursday with gains in most sectors as markets assessed the latest developments in Europe's trade and monetary policy. The STOXX 50 jumped closed 1.1% higher while the pan-European STOXX 600 rose a softer 0.4% due to the higher weight of losses in the pharmaceutical sector. The trade deal between the US and the UK kept the 10% US tariffs on UK goods. Meanwhile, the EU threatened to tariff a series of US goods should their negotiations fall through. On the monetary policy front, the Riksbank and the Norges Bank held their rates, while the BoE delivered a cut. Tech and financials led the gains in the STOXX 50, with ASML, UniCredit, Santander, and Intesa Sanpaolo jumping over 3%. Also, AB InBev jumped 3.2% after delivering strong results. On the other hand, Mercedes Benz dropped 6% after economic uncertainty made it cut its dividend. Also, Novo Nordisk sank 4% after lowering the guidance on one of its obesity drugs.

European Stocks Close Higher

The FTSE MIB rose 2.4% to close at 39,200 on Thursday, trimming losses from the previous session, and hitting a nearly six-week high. Investors remained focused on a fresh round of corporate earnings and central bank decisions across the eurozone. Reports are expected from Enel, Leonardo SpA, Poste Italiane, Snam, Mediobanca, Prysmian, Bper Banca, Recordati, and Italgas. Sentiment was also lifted when President Trump had signed a trade deal with the UK. Among key movers, top gainers included Prysimian (6.4%), Iveco Group (3.6%), Bper Banca (3.2%), Unicredit (3.2%), Mediobanca (3.1%), Stellantis (3.1%). Meanwhile, Telecom Italia closed marginally higher after reporting a 5.4% rise in Q1 core earnings but a rise in debt, as cash flow turned negative during the period.

FTSE MIB Rises to 6-Week Highs

The CAC 40 rose 0.9% to close at 7,694 on Thursday, ending a three-session losing streak as optimism over the US–UK trade agreement, expected to be the first of several reciprocal pacts, spurred a broad rally across European markets. Investors were further encouraged by reports that senior US and Chinese officials will convene in Switzerland this weekend to discuss tariff disputes. On the policy front, money markets now price the ECB’s deposit facility rate at roughly 1.6% by year-end, reflecting the central bank’s hints that it may trim borrowing costs to bolster growth even after stronger-than-anticipated inflation prints. In individual shares, Stellantis led the charge with a 5.1% surge on upbeat earnings and auto-sector momentum, while aerospace heavyweights Safran and Airbus added 3.1% and 2.5%, respectively, amidst hopes for improved global trade and travel conditions.

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