Risk-on sentiment prevails in Europe on hopes of trade deal, BoE decision in focus

From Investing.com: 2025-05-08 07:32:00

Stock-index futures and Asian shares surged after Trump hinted at a major trade deal announcement, boosting hopes for progress. Pound also saw gains. European stock futures rose 0.8% following Trump’s announcement on Truth Social, hinting at a UK deal. US equities also benefited from plans to change AI chip export restrictions. Trump’s comments on upcoming US-China trade talks slightly dampened enthusiasm, with the president reluctant to decrease tariffs on China. Currency markets saw fluctuations, with the USD, GBP, and EUR all showing gains. Oil prices rose slightly, while gold prices stabilized. The Fed recognized risks of higher inflation and interest rates. Bank of England meeting expected to impact the market, with rate cut anticipated. DAX looking to break all-time highs with improving sentiment.



Read more at Investing.com: Europe Mid-Session: Risk-On Sentiment Prevails as BoE Decision Comes Into Focus