U.S. equities rallied this week, supported by a 25bp Fed rate cut, a partial U.S.–China trade truce, strong corporate earnings, and Nvidia’s historic surge past a $5 trillion market valuation. In Europe, major indices declined heading into Friday’s close, with the exception of the FTSE 100, which outperformed. Asian markets were mixed: Japan’s Nikkei led gains on robust tech earnings, while China’s Shanghai Composite edged up on Xi-Trump truce, and Honk Kong’s Hang Seng declined amid weak Chinese manufacturing data. Across the Arab region, stocks broadly advanced as regional rate cuts, trade optimism, and strong corporate results boosted investor sentiment.
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Nasdaq Surges on Nvidia’s $5T Valuation; Gulf Indices Up on Rate Cuts & US-China Deal