Optimism in trade negotiations rises, U.S. stock futures and European stocks climb, the Korean won against the U.S. dollar hits its highest level since October last year, and gold and silver prices increase

Due to progress in multiple trade negotiations, U.S. stock index futures and European stocks rose, while Asian stock markets remained flat overall. The Japanese stock market rose by 0.8% as Japan's negotiating representatives extended their stay in the U.S. to seek an agreement. Canada withdrew its digital services tax on tech companies with the aim of restarting negotiations with the U.S., leading to a stronger Canadian dollar and boosting U.S. tech stock futures. Amid ongoing uncertainties regarding the Inflation Reduction Act, the U.S. dollar index fell slightly by 0.3%, and the Bloomberg Dollar Index recorded its worst start to the year since 2005. Here are the movements of core assets: U.S. stock index futures rose across the board, with Nasdaq 100 futures and Dow futures up about 0.5%, and S&P 500 futures also up about 0.5%. European stocks edged higher, with the pan-European index, UK stocks, and French stocks rising over 0.1%, while German stocks rose over 0.2%. The Nikkei 225 index closed up 0.8%, after Japan's chief negotiator extended their stay in the U.S. to continue negotiations. The U.S. dollar index fell about 0.2%, the Japanese yen rose over 0.5%, and the New Taiwan dollar depreciated by 1.3% against the U.S. dollar. The South Korean won briefly rose over 1% to its highest level since October last year, now up about 0.7%. The Philippine peso rose about 0.5%, and the Malaysian ringgit rose about 0.4%. The Bloomberg Dollar Spot Index recorded its worst start to the year at least since 2005. U.S. Treasury yields mostly declined, with the benchmark 10-year Treasury yield down about 3 basis points. Spot gold and silver rose about 0.6%. U.S. oil fell about 0.4%, while Brent oil fell about 0.2%. Bitcoin rose about 0.2%, and Ethereum rose about 1.4%. The rapid easing of geopolitical risks and expectations of an impending trade agreement have added tailwinds to the risk asset market. Canadian Prime Minister Mark Carney and Trump agreed that the two countries would restart negotiations, aiming to reach an agreement before July 21. French Finance Minister Eric Lombard stated that the EU is expected to reach some form of trade agreement with the U.S. before the July 9 deadline to avoid a 50% tariff on nearly all EU products. Informed sources revealed that India's trade team also extended their stay in Washington to resolve differences, aiming to reach an agreement before the July 9 deadline. U.S. stock index futures rose over 0.3% across the board. The U.S. dollar index and Canadian dollar are currently down about 0.2%. Risk warning and disclaimer The market has risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investment based on this is at one's own risk