FX.co ★ US Futures Jump as Trump Hints at Major Trade Deal

U.S. stock futures experienced an upswing on Thursday following President Donald Trump's announcement on Truth Social regarding a forthcoming press conference to disclose an agreement with a major nation, speculated to be the UK. Concurrently, Trump stated that he would maintain existing tariffs on China as a prerequisite for initiating trade discussions, preceding the upcoming U.S.-China negotiations in Switzerland this weekend. On the monetary policy spectrum, the Federal Reserve, as anticipated, held interest rates steady on Wednesday while highlighting increasing risks concerning both inflation and unemployment. Fed Chair Jerome Powell struck a cautious note, ruling out the possibility of a preemptive rate cut to counter any potential tariff impacts. During regular trading hours on Wednesday, the Dow climbed by 0.7%, the S&P 500 advanced by 0.43%, and the Nasdaq Composite increased by 0.27%. In corporate developments, AppLovin saw a 13% surge in extended trading after surpassing Wall Street’s expectations and announcing a transaction to offload its mobile gaming division.