Global Markets Rally Amid Trade Optimism and Strong Tech Earnings

Global equity markets experienced a notable upswing on Friday, buoyed by easing trade tensions and robust corporate earnings, particularly in the technology sector.​

Global equity markets experienced a significant rally on Friday, driven by easing trade tensions between the U.S. and China, coupled with strong earnings reports from major technology firms.​

United States

In the U.S., major indices posted notable gains:​

• S&P 500: +2.03%

• Dow Jones Industrial Average: +1.23%

• Nasdaq Composite: +2.7%​

  
  

The rally was fuelled by optimism over potential tariff relief and impressive earnings from tech giants, including Alphabet and Tesla. Investors are hopeful that the recent positive momentum will continue, especially with the Federal Reserve's upcoming policy decisions.​

Asia-Pacific

Asian markets mirrored Wall Street's positive sentiment:​

• Nikkei 225: +1.9%

• Hang Seng Index: +1.4%

• Shanghai Composite: +1.2%​

The gains were attributed to optimism over potential interest rate cuts by the U.S. Federal Reserve and better-than-expected earnings from U.S. tech firms.​

Europe

European markets also closed higher, supported by the global rally and hopes of a resolution to ongoing trade disputes:​

• FTSE 100: +1.5%

• DAX: +1.8%

• CAC 40: +1.6%​

Investors are closely watching developments in U.S.-China trade talks and upcoming economic data releases.​

Commodities and Currency

• Gold: Prices dipped over 2% as investor appetite shifted towards riskier assets amid easing trade tensions.​
  

• Copper: Prices hit a monthly high, reflecting renewed optimism on trade and global demand.​
  

• U.S. Dollar: The dollar strengthened against the Japanese yen, reflecting improved investor sentiment.​

Corporate Earnings

Several major companies reported earnings:​

• Alphabet: Reported a 12% rise in revenue, driven by advertising and cloud computing revenues.​
  

• Intel: Earnings exceeded expectations, with strong demand in the data centre segment. ​

• SAP: Shares surged over 10% after smashing Q1 expectations with a 58% jump in operating profit.​

Economic Indicators

• Consumer Confidence: In the UK, consumer confidence dropped sharply in April, reaching its lowest level since November 2023, amid concerns over inflation and new U.S. tariff policies.​
  

• China's Economic Outlook: China's Finance Minister warned that global economic growth remains "insufficient," highlighting the negative impact of ongoing trade tensions.​

Cryptocurrency

• Bitcoin: Continued its upward trajectory, trading above $93,000, as investors seek alternative assets amid market volatility.​
  

• Ethereum: Also saw gains, trading around $1,780.​

Looking Ahead

Investors will be closely monitoring upcoming economic data releases and further developments in U.S.-China trade relations. The trajectory of global markets will largely depend on the resolution of trade disputes and central bank policies in the coming weeks.

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