Markets Steady on Hopes of Trade Talks

Global markets held highs amid pause in U.S. tariffs, suggesting negotiation chances. European and Asian stocks surged, influenced by hopes of a Ukraine ceasefire and Chinese tech stocks rallying. U.S. inflation data impacted Federal Reserve rate cut speculation, while oil prices climbed following rising demand.

Global stock markets remained steady, maintaining record highs as European indexes were poised for their eighth consecutive weekly gain. This comes after President Donald Trump hinted that reciprocal tariffs would not be immediately imposed, offering a window for negotiations.

Trump's tariff threats have spurred fears of a trade war, previously driving gold prices to record levels. However, his recent directive suggests a period of investigation and potential negotiation, rather than immediate new tariffs, offering a mixed impact on market sentiment.

European markets responded with modest gains, buoyed by optimism around potential peace talks between Ukraine and Russia, and the positive performance of Chinese tech stocks, especially following DeepSeek's recent successes.