US EditionFTSE 100 Hits New High Amid US Trade Talk Optimism
GREATER LONDON, ENGLAND, JUL 23 – The US-Japan trade deal cuts auto tariffs to 15%, boosting investor confidence and driving the FTSE 100 to a record 9,080.09, with 73 of 100 stocks trading higher.
- On Wednesday, the FTSE 100 reached a record high after the US and Japan struck a deal imposing a 15% tariff, while two jailed traders had convictions quashed at the Supreme Court.
- Amid escalating trade tensions, Japan, America’s fifth biggest trading partner, faced a threatened 25% tariff on goods and autos from August 1.
- In Asia, markets soared with the Nikkei 225 up 3.5% and the Hang Seng rising 1.6%, while car makers Toyota and Honda gained 14% and 11% and pharma stocks GSK and AstraZeneca climbed.
- News of a trade agreement is fostering optimism, AJ Bell investment director Russ Mould said, while the Cac 40 rose 1.2% and the Dax lifted 0.7% amid US-EU deal hopes.
- UBS Global Wealth Management projects lower auto tariffs could boost Japan’s real GDP by 0.4 percentage points this year and again in 2026, and other markets have rallied on hopes of deals before the August 1 deadline.
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14 Articles
(Washington = Yonhap News) Correspondent Jo Jun-hyung = According to the trade agreement reached between the U.S. and Japan on the 22nd (local time in the U.S.), Japan will purchase 100 aircraft from Boeing...
·Korea, Republic of
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Ftse 100 surges to record-high as 'massive' US trade deal confirmed by Donald Trump
The FTSE 100 has surged to a record-high in a much-needed win for the Labour Government as traders celebrated confirmation of a "massive" trade deal between the US and Japan, the Philippines and IndonesiaThis rally comes despite figures from the Office for National Statistics (ONS)
·London, United Kingdom
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Coverage Details
Total News Sources14
Leaning Left2Leaning Right3Center2Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 29%
C 29%
R 43%
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