WEEKLY BUSINESS ROUNDUP

Global Business Week: Shadow Economy Percentage by Country

The State of Financial Markets & Economies, Weekly Charts, Business Trends & Statistics

Wall Street experienced a significant upswing this past week, marking its best performance in over a month. This positive shift in market sentiment can be almost entirely attributed to the unexpected breakthrough in trade negotiations between the United States and China. The announcement of this agreement acted as a powerful catalyst, injecting optimism into the investment community.

The pivotal moment arrived on Monday when the world’s two largest economies revealed their accord, committing to a substantial reduction in the previously elevated tariff rates imposed on each other’s goods. Investors responded enthusiastically to this development, largely fueled by the anticipation of further de-escalation in the ongoing trade tensions between the two nations. This newfound optimism helped to reshape the market outlook.

Consequently, the benchmark S&P 500 index has now moved into positive territory for the year. This marks the end of a volatile period that began with U.S. President Donald Trump’s tariff announcement on April 2nd. Various economic data releases added to the week’s…