From Yahoo Finance: 2025-05-02 13:26:00

Emirati investment firm MGX, backed by Abu Dhabi’s sovereign wealth fund, plans to use stablecoin USD1 for a deal. Gold faces first back-to-back weekly loss in 2025 after strong US jobs data and optimism on US-China trade talks. Despite recent gold selloff, prices have risen by 23% this year, hitting record highs of $3,500 per ounce. The FTSE 100 achieved its longest winning streak at 15 days, with potential for further gains. Chinese retail giant Shein cuts ties with advisory firms amid plans for London Stock Exchange listing.

Kevin Thozet of asset manager Carmignac sees a positive outlook with ongoing US-China trade talks. Barclays and Goldman Sachs predict a July Fed rate cut post strong US jobs data. Deutsche Bank expects easing US-China relations to outweigh tariff concerns. Tech giants Apple and Amazon face challenges with tariffs affecting profits. Pound closes at $1.3300, showing strength amid financial market turmoil. Canada’s new PM Mark Carney to meet with US President Donald Trump to discuss trade.

Low-cost Chinese retailer Temu stops selling to US directly due to Trump’s trade policies. Federal Reserve unlikely to cut rates in May after strong US jobs data. Several retailers pause US shipments due to Trump’s tariff changes. US jobs market performs better than expected, easing recession concerns. Federal government employment declines, indicating limited impact from Trump’s reforms. S&P 500 nears full recovery post-Trump tariffs. Wall Street stocks surge on strong US jobs data, easing tariff concerns.

Traders scale back rate cut bets amid better US jobs data. Bank of England faces pressure to cut rates amid Trump’s trade war. Eurozone inflation holds steady amid possible rate cuts. ECB may see rate cuts due to Trump’s trade war. European stocks rise on potential US-China trade talks. BASF warns of uncertainty due to Trump’s trade policies. FTSE 100 rises on US-China trade talk hopes. Oil prices climb on US-China trade hope. NatWest reports strong profits amid global uncertainty.

Economist warns of potential BoE rate cut amid trade war. Eurozone inflation holds steady, ECB rate cut likely. S&P 500 nears full recovery post-Trump tariffs. BASF maintains profit outlook amid tariff uncertainty. FTSE 100 on longest winning streak amid US-China trade talk hopes. Stocks rise on potential US-China trade talks. Asian markets surge on US-China trade talk progress. Microsoft and Meta lead Wall Street higher post-strong earnings. Harrods faces cyber attack after M&S breach.

Harrods restricts internet after cyber attack. Moorcroft Pottery goes bust after 100 years. Denise Coates plans £9bn sale of gambling empire. Ryanair threatens to switch to Chinese jets over tariffs. Civil servants at Ofgem threaten strike over pay. Bank of Ireland cuts forecasts due to trade risks. FTSE 100 rises on US-China trade talk progress. Standard Chartered warns of economic complexity amid tariffs. Shell profits dip amid trade war, announces share buyback. NatWest profits rise in face of global uncertainty.

European stocks set to rise on US-China trade talk progress. Hang Seng and Nikkei surge on US-China trade talk hopes. China evaluates US offer for trade talks. Microsoft and Meta lead Wall Street higher post-earnings. Broaden your horizons with a free month of The Telegraph’s award-winning journalism.



Read more at Yahoo Finance: FTSE surges to longest winning streak on record