Morning Economic Report 5-8-25

Economy Update

Markets take a bump this morning as the US is set to announce a trade deal with the UK, and investors are taking it as hope for negotiations with China this weekend and risk tone improves. This is despite FED Powell's comments on a wait and see approach as uncertainty and risk inspires an unchanged rate decision from the central bank. With the BoE likely to cut interest rates today, in response to global slow down, the mood in equities is largely positive. DAX +1.12%, CAC +0.98%, FTSE +0.44%, Euro STOXX600 +0.51%. USD outperforms after rate hold from FOMC, DXY 100.16. Gold 3339. BTC $99,658.