Optimism in trade negotiations heated up, US stock futures and European stocks rose, South Korean won hit the highest level against the US dollar last October, and gold and silver rose

Source: Wall Street News

As several trade negotiations progressed, U.S. stock index futures and European stocks rose, and Asian stocks remained the same as the overall flat.

Japanese stocks rose 0.8% as Japanese negotiators extended their visit to the United States to seek an agreement. Canada withdrew its digital service tax on technology companies in an effort to restart negotiations with the United States, with the Canadian dollar strengthening and U.S. technology futures were also boosted. As uncertainty remains, the U.S. dollar index fell slightly by 0.3%, and the Bloomberg dollar index hit its worst performance at the beginning of the year since 2005.

The following are the core asset trends:

The three major U.S. stock index futures rose across the board, with Nasdaq 100 Futures and Dow futures rising about 0.5%, and S&P 500 Futures rising about 0.5%.

European stocks rose slightly, with pan-European stock indexes, British and French stocks rising more than 0.1%, and German stocks rising more than 0.2%.

The Nikkei 225 index closed up 0.8%, after Japan's chief negotiator extended his stay in the United States to continue negotiations.

The US dollar index fell about 0.2%, the yen rose more than 0.5%, and the New Taiwan dollar fell 1.3% against the US dollar.

The Korean won once rose by more than 1% to its highest level since October last year, and is now up about 0.7%. The Philippine peso rose about 0.5%, while the Malaysian ringgit rose about 0.4%.

The Bloomberg dollar spot index hit its worst start since at least 2005.

Most U.S. Treasury yields declined, while the benchmark 10-year U.S. Treasury yields fell by about 3 basis points.

Spot gold and spot silver rose by about 0.6%.

U.S. oil fell about 0.4%, while Bergail fell about 0.2%.

Bitcoin rose about 0.2%, while Ethereum rose about 1.4%.

The rapid easing of geopolitical risks and expectations of an upcoming trade agreement have added a good wind to the risky asset market.

Canadian Prime Minister Mark Carney and Trump agreed that the two countries will restart negotiations and strive to reach an agreement by July 21.

French Finance Minister Eric Lombard said the EU is expected to reach some form of trade agreement with the United States before the July 9 deadline to avoid the U.S. imposing a 50% tariff on almost all EU products.

India's trade team has also extended their stay in Washington to resolve differences and strive to reach an agreement by the July 9 deadline, people familiar with the matter said.

US stock index futures rose by more than 0.3% across the board.


The US dollar index and the Canadian dollar are now down about 0.2%.


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