Markets rally after Trump announces tariff deal with Japan
by Richard Partington Senior economics correspondent from Economics | The Guardian on (#6YTZJ)
US president says Japanese imports will face 15% levy instead of threatened 25%, prompting reports of a similar deal with the EU
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.
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