Posted Thursday, July 24, 2025 at 10:22pm
Financial markets around the world have rallied after Donald Trump announced a trade deal with Japan and speculation that a similar deal would soon be reached with the European Union.
Share prices rose sharply in Tokyo, where the Nikkei index of leading Japanese companies increased by 3.5%. European markets followed, with the FTSE 100 gaining 0.4% to close at a fresh record high of 9,061. US markets posted further gains with the Dow Jones rising by over 1% and the S&P closing up 0.78% at a record high.
Markets were boosted by reports that the EU and US were closing in on a deal similar to the one the US struck with Japan, a 15% tariff on European imports
