Stock markets and the dollar rose Thursday as US President Donald Trump touted plans to unveil a "major trade deal" with Britain, boosting hopes for other countries' tariff negotiations.

After the turbulence sparked by the US president's "Liberation Day" tariffs on April 2, markets have settled in recent weeks on optimism that countries will reach agreements with Washington to avoid his potentially damaging levies.

Trump said on Thursday that "this should be a very big and exciting day for the United States of America and the United Kingdom."

He called the US-UK agreement "a full and comprehensive one" and said it was the first of "many other deals".

UK Prime Minister Keir Starmer said he would give an "update" later in the day, with speculation over whether the announcement would be a finalised deal or a framework for further negotiation.

"It's hoped that the agreement will lower........

© International Business Times