Global Financial Markets Surge Despite Weak U.S. Employment Data

Global stock markets hit an all-time high despite weak U.S. job data, which has fueled speculation of a Fed rate cut. British bond yields sharply increased, while Tesla shares rebounded significantly. Meanwhile, President Trump announced a 20% tariff on Vietnam, hinting at broader trade deal developments.

Global financial markets experienced a notable upsurge on Wednesday, reaching record highs despite the release of unexpectedly weak U.S. employment data. This has fueled anticipation of a potential interest rate cut by the Federal Reserve, underscored by the private payrolls dropping 33,000 jobs, markedly below expected levels.

Investor sentiments were buoyed by a strong performance from Tesla, whose shares rallied by nearly 5% after revealing their latest quarterly deliveries. The recovery contributed to new record closures for the S&P 500 and Nasdaq indexes, even as the Dow Jones faced a marginal dip.

In Europe, British bond yields soared after Finance Minister Rachel Reeves appeared distressed in parliament, stirring speculation about fiscal policy shifts. Meanwhile, President Trump announced a 20% tariff on Vietnam, indicating potential progress in broader international trade negotiations.

(With inputs from agencies.)