From Yahoo Finance: 2025-05-08 07:13:00

• U.S. and global markets await President Trump’s ‘major trade deal’ announcement with the UK, potentially easing tariffs on steel and autos. Bank of England expected to cut interest rates amidst market uncertainty.
• Federal Reserve holds interest rates steady, citing rising risks of inflation and unemployment. Trump set to announce trade deal with Britain. Ukraine considers linking currency to the euro amid global trade shifts. Oil market sentiment souring despite strong conditions.
• UK braces for ‘major trade deal’ with the US, potential tariff reductions and tax cuts in exchange for concessions. Sterling remains steady ahead of expected rate cut. FTSE 250 index rises on news.
• Federal Reserve keeps interest rates unchanged, highlighting high uncertainty. Wall Street stocks rise on hopes of easing tariffs and trade deals. Global markets follow suit with gains.
• Europe may be better equipped to handle a shift in global investment flows than expected, with regulatory changes boosting euro market depth. Trump’s trade policies raise questions about U.S. capital surpluses.
• European markets see potential for growth with regulatory reforms and increased private sector investment. Germany’s fiscal measures signal a push for financial market integration and expansion.
• Bank of England expected to lower interest rates below Federal Reserve levels for the first time in years, reflecting market uncertainty. US and UK anticipate further rate cuts. Bond yields show slight divergence between UK and US.

Read more: UK eyes ‘major trade deal’