European markets surge on US-China trade talk hopes, with the DAX eyeing new highs. Asian stocks and US futures also rise. Positive earnings reports from Shell, Standard Chartered, Danske Bank, and Airbus boost sentiment. The US dollar strengthens while the Yen weakens. Gold finds support above $3250/oz. Investors await key US jobs data amidst concerns about tariffs. Euro Area PMI remains in contraction.
02-05-2025 08:09 GMT
by Zain Vawda