From Yahoo Finance: 2025-05-07 22:41:00

Global equities rose slightly on Thursday, with Wall Street leading the way, as the U.S. and UK announced a trade deal. Cryptocurrencies also surged after the pact. Investors are optimistic ahead of U.S.-China talks, waiting for progress in the trade war. Wall Street indexes closed higher, the CBOE volatility index hit a low, and MSCI’s global stock gauge rose.

The Dow Jones Industrial Average climbed 0.62%, the S&P 500 rose 0.58%, and the Nasdaq Composite gained 1.07%. Treasury yields spiked after the trade deal, signaling potential future agreements. The U.S. dollar strengthened, while the pound fell after a Bank of England rate cut. Bitcoin surpassed $100,000, and crude futures rose on trade talk hopes.

Gold prices dipped as the trade deal boosted optimism for future agreements. Spot gold fell 1.73% to $3,306.00 an ounce, while U.S. gold futures dropped 2.35% to $3,301.90 an ounce. Central banks in Sweden and Norway hinted at rate cuts, impacting their respective currencies. Overall, market sentiment remains positive following the U.S.-UK trade agreement and upcoming U.S.-China talks.

Read more: Equities rise with dollar, bond yields on trade optimism after US-UK deal