Global markets extended their recent rally this week, fuelled by easing trade tensions and positive economic data. On Monday, the S&P 500 surged 3.3% after the US and China agreed to reduce tariffs for 90 days, offering a glimmer of hope for a trade truce. Apple (Click here for the Showcase) and Amazon, both with significant exposure to China, saw their stocks rise 6% and 8% respectively, benefiting from the trade news. Additionally, Nvidia (Click here for the Showcase) gained 6% after announcing a partnership with Saudi Arabia’s Public Investment Fund for AI infrastructure, further boosting tech sector optimism.
On Tuesday, positive US inflation data added more fuel to the rally, with April’s CPI coming in at 2.3%, below expectations and marking the lowest annual rate since 2021.
Across the Atlantic, the UK economy surprised on the upside, with Q1 GDP growth coming in at 0.7%, surpassing expectations of 0.6%. This positive result added to the momentum of recent favorable UK economic data, further supported by the recently announced US-UK trade deal, which provided a boost to investor confidence in the UK’s economic outlook.



