Asian markets were bolstered by trade agreements, now across major Countries, including Japan, Indonesia, Vietnam and the Philippines. Equity markets are bouncing around record highs across Asia, Europe and America. The EU are on the brink of also securing a trade deal with the US, but the final confirmation awaits. The ECB left rates unchanged, citing the uncertainty surrounding global trade. This is likely to become ‘more clear’ on ‘D-Day’, August 1st. The EUR traded higher, at 1.1775, while the held 1.3500.The confidence returning to markets and hints that Australia may be close to negotiating an interim trade deal, was enough to settle markets. The AUD looks to regain 0.6600, while the NZD consolidates above 0.6000. Look for more trade news, to give market direction into the close for the week, and local markets will be watching Tokyo inflation data.
