Risk stays buoyed as traders eye Trump’s trade deal announcement

May 8, 2025
-FXnews

It will just involve a framework for discussions over the coming weeks/months. So, we’ll see about that. But as always, one can expect Trump to talk up a big game and that is keeping markets hopeful ahead of the announcement.

Risk trades are holding up once again with S&P 500 futures now up 0.8%. That follows from the overnight gains but it was far from straightforward. A word of caution of course that the devil is in the details regarding that report on chips but markets are running with it anyway for now.

Going back to Trump’s announcement, it will be interesting to see how he wants to sell the narrative. The details will also be of much importance, so be on the lookout for that.

For now, it’s still a case of buying the rumour

Risk stays buoyed as traders eye Trump’s trade deal announcement

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