“Better to go out and buy stock now,” said Trump. The markets heard

• Stock Indexes On Thursday it was closed higher after the schemes of a United States trade agreement that lower the tariffs be clear, giving investors the hope that more offers could be achieved and a recession will be avoided.

The stock market markets increased on Thursday after the White House shared the schemes of a trade agreement with the United Kingdom. The first agreement of this type after President Donald Trump pressed his pause on reciprocal rates with the world a month ago, gave Wall Street hope that the United States could continue commercial negotiations and hope to avoid a recession.

The S&P 500 and the DOW closed 0.6%, after riding up to 1.3% before the day. The weight-weighing Nasdaq increased by 1.1%.

Bitcoin increased to $ 101,500And the prices of the crude oil went up, while the gold price fell as investors felt less need for safety.

It transaction It maintains an initial rate of 10% to the imports of the United Kingdom, but reduces the functions in cars, steel and aluminum. In return, the United Kingdom promised to buy more beef and North -American Ethanol and reduce taxes on 2,500 North -Americans.

“A trade agreement, even if it is an agreement in principle, is what they sought to see markets,” said Chris Zaccarelli, Northlight Asset Management Investment Director in a note.

Trump spoke of the agreement, which involved would be the first of many. “Better to go out and buy shares now,” he told journalists at the Oval Office, adding that the economy “will be like a rocket that goes straight.”

Also mocked the scheduled US trade negotiations This weekendsaying they expect them to be “substantial”. Of the rates, he said: “Right now it cannot be increased. It’s at 145. So we know he’ll go down.”

Any other place, the strong results reports of several companies helped to promote the S&P 500. CarpentThe owner of the fashion brand coach, Kate Spade and Stuart Weitzman, increased by 3.7% after reporting sales and benefits better than expected thanks to attracting younger customers. Axon EnterpriseThe Taser manufacturer obtained 14.1% in a strong growth and augmented income forecast.

Despite falling the confidence between consumers and the CEOs, the economy so far has been shown resistant, with 177,000 jobs It has been added last month in the same way that the rates were announced, constantly passing and low unemployment applications.

However, automobile manufacturers issued a warning through the American Automotive Policy Council (AAPC), which represents Ford engine Company, General enginesand Estellantis. In a statement, the President of the Council said that the United States car industry is still “very integrated with Canada and Mexico; the same is not true for the United States and the United Kingdom.”

“We are disappointed that the administration prioritize the United Kingdom ahead of our North -Americans,” said Matt Blunt. “By virtue of this agreement, it will now be cheaper to import a British vehicle with very little U.S.

Blunt said that it hurts to manufacturers of automobiles, suppliers and workers of North -Americans.

“We hope that this preferential access for vehicles in the United Kingdom over the North -Americans will not set a precedent for future negotiations with Asian and European competitors,” said Blunt.

This story originally presented to Fortune.com