Global Markets Rally on Trade Deal Hopes

Markets worldwide are poised for gains due to decreasing risk aversion, driven by expectations of trade agreements between the U.S. and other nations. Wall Street sees positive movement in major indices as investors react to potential news.


Global Markets Rally on Trade Deal Hopes

The price of West Texas Intermediate (WTI) has increased by 2.63%, reaching $59.60 per barrel, while Brent has risen by 2.26%, trading at $62.50 per barrel. Amid expectations of more trade agreements between the United States and other countries, global stock markets are heading for a day of gains.

On Wall Street, the Nasdaq has increased by 0.59%, reaching 17,842.40 points, followed by the Dow Jones with a rise of 0.45%, sitting at 41,297.29 points, and the S&P 500 with an increase of 0.40%, heading towards 5,653.71 units. Meanwhile, in Europe, London's FTSE 100 has lost 0.23%, standing at 8,539.44 points, Spain's IBEX 35 has decreased by 0.09%, with 13,067.83 points, and France's CAC 40 has risen by 0.84%, reaching 7,690.77 units, while Germany's DAX has advanced by 0.83%, reaching 23,321 points.

Analysts from Valmex Casa de Bolsa emphasize that "The main U.S. stock indices started the day higher, in anticipation of a trade agreement between the United States and the United Kingdom to be revealed this morning".

Locally, the S&P/BMV IPC of the Mexican Stock Exchange has shown an increase of 0.24%, standing at 58,094.22 points, and the FTSE-BIVA of the Institutional Stock Exchange has increased by 0.08%, reaching 1,075.38 points. In the international oil market, both WTI and Brent have experienced positive variations.